CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2011		Sep. 30, 2010		Sep. 30, 2011		Sep. 30, 2010
Revenue
Sales of systems	$ 18,583,238		$ 10,556,114		$ 29,927,036		$ 42,477,423
Contingent rental income	261,556		563,198		846,579		1,305,836
Total revenue	18,844,794		11,119,312		30,773,615		43,783,259
Cost of sales
Cost of sales	14,325,396		8,162,970		22,850,068		32,763,130
Total cost of sales	14,325,396		8,162,970		22,850,068		32,763,130
Gross profit	4,519,398		2,956,342		7,923,547		11,020,129
Interest income on sales-type leases	5,466,295		3,952,830		16,093,099		10,371,093
Total operating income	9,985,693		6,909,172		24,016,646		21,391,222
Operating expenses
General and administrative	387,786		1,796,686		3,834,242		4,542,859
Income from operations	9,597,907		5,112,486		20,182,404		16,848,363
Non-operating income (expenses)
Interest income	26,324		23,010		84,966		44,444
Interest expense	(2,534,629)		(638,098)		(8,146,088)		(1,826,547)
Changes in conversion liability fair value	3,845,667		0		9,978,573		0
Changes in fair value of the liability	2,411,764		1,823,529		5,441,176		2,574,590
Other income (expenses)	(1,846)		5,091		(43,597)		1,523
Financial expense	(592)		0		(2,530)		0
Total non-operating income (expenses), net	3,746,688		1,213,532		7,312,500		794,010
Income before income tax	13,344,595		6,326,018		27,494,904		17,642,373
Income tax expense	2,189,626		1,352,519		4,369,257		4,250,562
Income before noncontrolling interest	11,154,969		4,973,499		23,125,647		13,391,811
Less: Income attributable to noncontrolling interest	87,973		103,246		771,271		589,819
Net income attributable to China Recycling Energy Corp	11,066,996		4,870,253		22,354,376		12,801,992
Other comprehensive items
Foreign currency translation gain attributable to China Recycling Energy Corp	2,045,695		876,356		4,405,097		1,220,304
Foreign currency translation gain attributable to noncontrolling interest	73,953		27,384		160,786		37,934
Comprehensive income attributable to China Recycling Energy Corp	13,112,691		5,746,609		26,759,473		14,022,296
Comprehensive income attributable to noncontrolling interest	$ 161,926		$ 130,630		$ 932,057		$ 627,753
Basic weighted average shares outstanding	43,533,174		38,778,035		41,659,787		38,778,035
Diluted weighted average shares outstanding *	57,891,937	[1]	52,187,441	[1]	58,019,313	[1]	50,384,657	[1]
Basic earnings per share	$ 0.25		$ 0.13		$ 0.54		$ 0.33
Diluted earnings per share *	$ 0.20	[1]	$ 0.09	[1]	$ 0.40	[1]	$ 0.26	[1]

[1] Interest expense on convertible notes is added back to net income for the computation of diluted EPS.