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[devilnightgogo]

Bin schon seit mehr als 3 Jahren hier investiert und langsam scheint wieder bewegung in die Sache zu kommen ich stell mal die letzten Nachrichten zum Wert ein.

[devilnightgogo]

CGYV
CGYV
China Energy Recovery, Inc. Other OTC

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China Energy Recovery Files 2009 Form 10-K

Filing Contains Revised Results for Fiscal 2008

SHANGHAI, Nov. 3, 2010 /PRNewswire-Asia/ -- China Energy Recovery Inc. (CGYV.PK) ("CER"), an international leader in the design, fabrication, installation and servicing of waste heat recovery systems, announced today that it filed its Form 10-K for fiscal year ended Dec. 31, 2009, with the U.S. Securities and Exchange Commission (SEC).

Fiscal 2009 results

For fiscal 2009, CER recorded $22.2 million in total revenue compared to $24.9 million in total revenue in the prior fiscal year. The company posted a net loss for the year of ($886,480) or ($0.03) per basic share compared to a net profit of $1.4 million or $0.05 per basic share in the prior year. CER's net loss in 2009 was primarily a result of the global economic disruption, which compelled the company to reduce its sales margins in order to maintain its contract flow, prevent contract cancellation and win new orders. This had an adverse impact on the company's overall margins and net revenues.

As of Dec. 31, 2009, CER's balance sheet showed the company had $2.4 million in cash with $23.9 million in total current assets and $23.5 million in total current liabilities.

"We are gratified to have our 2009 annual report filing in place after unexpected delays due to extra work that came about during the transition from our prior audit firm to PricewaterhouseCoopers," Qinghuan Wu, CER Chairman and Chief Executive Officer, said. "With that matter settled, we are moving quickly to bring our remaining quarterly report filings up to date.

"CER's business continues to move ahead. We are booking orders and shipping systems to a growing list of customers," Mr. Wu said. "We also enjoy a growing reputation for the performance of our waste heat recovery technology. This recognition comes at a time when our customer base in China and abroad is more aware of the economic advantages that CER's heat recovery systems provide; both as retrofit solutions for existing industrial plants and as integral systems in new plants."

Restated 2008 results

The company's annual report on Form 10-K for fiscal 2009 restates results for fiscal 2008. In the process of changing accountants and doing an internal audit of the 2008 financial results, the company found that it needed to change certain entries that were no longer supported by prior analysis and assumptions and that there were certain mistakes. The company had stated in May of this year that it would be restating the 2008 financial results.

Among CER's restated results for fiscal 2008 was an increase in total current assets of $174,314 and a reduction in total current liabilities of $1.2 million on the company's balance sheet. On CER's Consolidated Statements of Income for fiscal 2008, the restatement adds $1.7 million to total revenues, reduces the total cost of revenues by almost $394,000 and adds $514,000 to the company's income from operations. Net income for fiscal 2008 was restated with an additional $264,239 for a total net income of approximately $1.4 million, which after adjustments for currency translation is equal to $0.05 per basic share based on 25.7 million shares outstanding. For more detail on CER's restated 2008 financials, see the company's Form 10-K for fiscal 2009.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering as much as two-thirds of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international engineering and manufacturing company that specializes in the design, construction and installation of waste heat energy recovery systems that captures and converts industrial waste energy produced by heavy industrial processes such as petroleum and chemicals refining, paper manufacturing and refining into low-cost electrical power, which enables industrial manufacturers to reduce their energy costs, shrink their emissions footprint and generate salable emissions credits. The company's primary focus is the Chinese market; however, CER's systems are operating in heavy industrial plants located in Egypt, Korea, Vietnam and Malaysia. CER is building China's first state-of-the-art, energy recovery system research and fabrication facility, which will allow CER to meet increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp. Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission.



CHINA ENERGY RECOVERY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

AS OF DECEMBER 31, 2008 AND 2009

ASSETS







December 31



2008

December 31

Restated

2009

CURRENT ASSETS:





Cash

6,136,403

2,386,573

Restricted cash

597,949

-

Notes receivable

120,749

411,049

Accounts receivable, net of allowance for doubtful accounts

5,109,456

6,601,921

Accounts receivable - related party

1,006,060

-

Inventories

7,774,775

8,574,775

Other current assets and receivables

98,271

892,657

Deferred financial cost - current

-

674,748

Deferred tax assets - current

-

67,276

Advances on inventory purchases

1,044,807

4,271,054

Total current assets

21,888,470

23,880,053







EQUIPMENT, net

850,888

758,888







OTHER ASSETS:





Deferred tax assets

63,241

133,758

Intangible assets

-

2,439,022

Deferred financial cost

-

215,623

Long-term accounts receivable

102,690

6,830,615

Total other assets

165,931

9,619,018







Total assets

22,905,289

34,257,959







LIABILITIES AND SHAREHOLDERS' EQUITY











CURRENT LIABILITIES:





Accounts payable

3,426,926

4,188,205

Other payables

466,392

1,100,111

Other payables - related party

65,078

-

Accrued liabilities

21,228

644,971

Advances from customers

7,044,234

11,226,273

Taxes payable

2,692,613

2,956,476

Short-term bank loans

381,420

880,200

Derivative liability, current

-

435,500

Convertible note, current

-

2,023,720

Total current liabilities

14,097,891

23,455,456







NON-CURRENT LIABILITIES:





Warrant liability

-

1,372,947

Derivative liability

-

435,500

Convertible note

-

1,938,408

Total non-current liabilities

-

3,746,855

Total Liabilities

14,097,891

27,202,311







Commitment and contingency

-

-







SHAREHOLDERS' EQUITY:





Preferred stock(US$0.001 par value; 50,000,000 shares authorized, 714,963 and 662,963 shares issued and outstanding as of December 31, 2008 and 2009, respectively)

715

626







Common stock(US$0.001 par value; 100,000,000 shares authorized, 29,912,573 and 30,638,720 shares issued and outstanding as of December 31, 2008 and 2009, respectively)

29,913

30,639

Additional Paid-in-capital

9,058,283

8,163,224

Accumulated deficit

-307,678

-1,194,158

Statutory reserves

132,802

132,802

Accumulated other comprehensive loss

-106,637

-77,485

Total shareholders' equity

8,807,398

7,055,648







Total liabilities and shareholders' equity

22,905,289

34,257,959







CHINA ENERGY RECOVERY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME

FOR YEARS ENDED DECEMBER 31, 2008 AND 200 9



Year ended December 31,



2008

Restated



2009

REVENUES





Third parties

21,315,226

22,194,443

Related party

3,589,550

-

Total revenue

24,904,776

22,194,443







COST OF REVENUES





Third parties

(16,549,648)

(18,842,557)

Related party

(1,951,549)

-

Total cost of revenues

(18,501,197)

(18,842,557)







GROSS PROFIT

6,403,579

3,351,886







SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

(4,281,863)



(5,746,743)







INCOME/(LOSS) FROM OPERATIONS

2,121,716

(2,394,857)







OTHER INCOME, NET:





Change in fair value of warrant liability

-

1,539,233

Change in fair value of derivative liabilit y

-

399,500

Non-operating income, net

149,377

80,692

Interest expense s

(80,276)

(868,388)

Total other income , net

69,101

1,151,037













INCOME/(LOSS) FROM OPERATIONS BEFORE PROVISION FOR INCOME TAXES

2,190,817

(1,243,820)







INCOME TAXES (EXPENSES)/BENEFITS

(815,915)

357,340







NET INCOME/( LOSS )

1,374,902

(886,480)







OTHER COMPREHENSIVE INCOME/(LOSS)





Foreign currency translation adjustment

(57,717)

29,152







COMPREHENSIVE INCOME/( LOSS )

1,317,185

(857,328)







Earnings/(loss) per share





Basic

0.05

(0.03)

Diluted

0.05

(0.03)

Weighted average ordinary shares outstanding





Basic

25,691,979

29,952,798

Diluted

26,302,263

29,952,798







Contact:







Adam Friedman

Jessica Hu

Adam Friedman Associate s

China Energy Recovery

+1 212 . 9 81 . 2529

[phone] x503

[e-mail]

Hudie @cerenergy.com



Read more: http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=2…

[devilnightgogo]

Signs $23 Million Contract for Two Heat Recovery System Installations in China

A Return Customer, Hubei Sanning Chemical Co. Orders CER Systems for New and Existing Sulfuric Acid Plants

SHANGHAI, Nov. 5, 2010 /PRNewswire-Asia/ --China Energy Recovery Inc. (Pink Sheets: CGYV) ("CER"), an international leader in the design, fabrication, installation and servicing of waste heat recovery systems, announced today that it signed a contract with Hubei Sanning Chemical Co. Ltd. to manufacture and install two, large-scale waste heat recovery systems for sulfuric acid production located at the company's production complex in Zhijiang City, Hubei Province, China. The contract for the two systems, which was executed on Oct. 16, represents an approximate gross total of $22.7 million (US) to CER.

Of the two heat recovery systems ordered by Hubei Sanning, one is rated to produce 22 tons-per-hour of low-pressure saturated steam and will be retrofitted to an existing 300 thousand ton-per-year sulfuric acid plant. This system is scheduled to be completed in December 2011. The second system for Hubei Sanning will be incorporated into a new, 800 thousand ton-per-year sulfuric acid plant under construction at the site. This system is rated to produce 125 tons-per-hour of high-pressure superheated steam and is scheduled for completion in January of 2012.

Hubei Sanning previously contracted with CER to install a heat recovery system for another of its sulfuric acid plants in Sept. 2009.

"We are pleased to have been selected again by Hubei Sanning to manufacture and install heat recovery systems for new and existing sulfuric acid production in Zhijiang City," Qinghuan Wu, Chairman and CEO of China Energy Recovery, said. "The scale of these projects underline the confidence Hubei Sanning has in CER's engineering capability and the performance of its waste heat recovery systems."

Hubei Sanning is the fertilizer and coal-chemical subsidiary of Jincheng Coal Group, one of China's leading industrial chemical and fertilizer producers. Sulfuric acid is a basic building-block chemical used in fertilizer manufacturing.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering as much as two-thirds of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international engineering and manufacturing company that specializes in the design, construction and installation of waste heat energy recovery systems that captures and converts industrial waste energy produced by heavy industrial processes such as petroleum and chemicals refining, paper manufacturing and refining into low-cost electrical power, which enables industrial manufacturers to reduce their energy costs, shrink their emissions footprint and generate salable emissions credits. The company's primary focus is the Chinese market; however, CER's systems are operating in heavy industrial plants located in Egypt, Korea, Vietnam and Malaysia. CER is building China's first state-of-the-art, energy recovery system research and fabrication facility, which will allow CER to meet increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp. Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission.

Contacts



Adam Friedman

Jessica Hu

Adam Friedman Associates

China Energy Recovery

[phone] x18

[phone] x503

[e-mail]

[e-mail]



Read more: http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=2…

[devilnightgogo]

l Install $11 Million Waste Heat Recovery System for Wengfu Ltd. in China


SHANGHAI, Nov. 11, 2010 /PRNewswire-Asia/ -- China Energy Recovery Inc. (Pink Sheets: CGYV) ("CER") announced today it signed a $10.9 million (US) contract with Wengfu Co., Ltd. to retrofit a heat energy recovery system into an existing sulfuric acid plant at the company's Fuquan City facility located in Guizhou Province, China.

CER's heat recovery system will be capable of generating 960 tons of steam per day at 176C and 0.8MPa from operations at the plant. The steam will be used to supply power for the plant, reducing its demand for electricity produced from fossil-fuels. CER's installation is scheduled for completion in August 2011.

Wengfu produces a range of basic chemicals at its Fuquan City facility including phosphate, sulfuric acid, iodine and anhydrous hydrogen fluoride.

"We are excited to have Wengfu as a new customer and we look forward to helping them cut costs and reduce pollutants," CER Chairman and Chief Executive Officer Qinghuan Wu said. "CER has developed a strong design that will deliver real savings."

Installation of CER's heat recovery system is aligned with Wengfu's commitment to sustainable development and reduced sulfur chemical pollution. By using recovered heat to produce steam as an energy source, Wengfu will be able to reduce costs, energy consumption and pollutants.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering as much as two-thirds of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international engineering and manufacturing company that specializes in the design, construction and installation of waste heat energy recovery systems that captures and converts industrial waste energy produced by heavy industrial processes such as petroleum and chemicals refining, paper manufacturing and refining into low-cost electrical power, which enables industrial manufacturers to reduce their energy costs, shrink their emissions footprint and generate salable emissions credits. The company's primary focus is the Chinese market; however, CER's systems are operating in heavy industrial plants located in Egypt, Korea, Vietnam and Malaysia. CER is building China's first state-of-the-art, energy recovery system research and fabrication facility, which will allow CER to meet increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp. Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission.

SOURCE China Energy Recovery Inc.



Read more: http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=2…

[tomraim]

bin auch schon jahrelang investiert .natürlich weit im minus .wird aber mit geduld noch etwas bringen .

[devilnightgogo]

Antwort auf Beitrag Nr.: 40.506.463 von tomraim am 11.11.10 21:45:04

wenigstens steuerfrei!!!!!!!!!!!

[devilnightgogo]

Wahnsinn jetzt geht sie ab! Nur Mist das ich von ehemals 30000 stueck nur noch 13000 halte mit dem Rest richtig fett im minus verkauft ich bin so doof...

Was denkt ihr koennte hier ein Kursziel sein?

Gruß Rico

[devilnightgogo]

Antwort auf Beitrag Nr.: 40.506.463 von tomraim am 11.11.10 21:45:04

wieviel stücke hällst du mit welchem einstand.

sieht doch super aus. ärgere mich trotzdem....

[suuperbua]

Antwort auf Beitrag Nr.: 40.682.175 von devilnightgogo am 09.12.10 16:42:37

...devilnightgogo...

dein nick passt suuper zu deinem avatar

[devilnightgogo]

Antwort auf Beitrag Nr.: 40.695.185 von suuperbua am 11.12.10 20:48:54

sei mal nicht so!!! ist mein alter auftrittsname hab früher getanzt mir ist nichts besseres eingefallen.

bist du auch investiert??????