China Recycling Energy Corporation provided preliminary earnings guidance for the fourth quarter and full year ended December 31, 2014. Interest income on sales-type leases, the major and consistent regular revenue for the Company, is anticipated to be $6.9 million for the fourth quarter of 2014, an increase of 23.3% from $5.6 million for the same period of 2013. Sales of systems are anticipated to be $0 for the fourth quarter of 2014, compared with $12.9 million in the same period of 2013, as the Company did not recognize any system sales revenues since no projects were completed in the fourth quarter of 2014. Net income for the fourth quarter of 2014 is anticipated to be $3.6 million, a decrease of 14.3% as compared with $4.2 million for the same period of 2013.

For the full year of 2014, interest income on sales-type leases is anticipated to be $26.4 million, an increase of 36.3% from $19.3 million in 2013. Sales of systems are anticipated to be $18.9 million, as compared to $62.0 million in 2013. Net income is anticipated to be $18.0 million, an increase of 15.2% as compared with $15.6 million in 2013.