瀚蓝环境百亿并购正式完成，高效协同整合激发可持续发展新动能

Core Viewpoint - The completion of the major asset restructuring by Hanlan Environment significantly enhances its market influence and comprehensive strength in the solid waste treatment industry, positioning it among the top players in the sector [1][2]. Group 1: Restructuring and Market Position - Hanlan Environment's acquisition of Yuefeng Environmental has been completed, marking a significant milestone in the solid waste treatment industry [1][2]. - The restructuring allows Hanlan Environment to maintain its leading position in the solid waste treatment sector, with a total waste processing capacity of 97,590 tons per day, ranking it among the top three in China and first in A-shares [3][4]. - The acquisition is expected to enhance the company's operational efficiency and environmental value, enabling it to leverage high-quality resources for innovative development [1][3]. Group 2: Financial Performance and Shareholder Returns - Following the merger, Hanlan Environment's revenue is projected to reach 13.1 billion yuan, with total assets exceeding 64 billion yuan, solidifying its financial strength [3][4]. - The company has committed to increasing shareholder returns, with a planned cash dividend of 6.52 billion yuan in 2024, a 68% increase year-on-year, and a target of at least 10% growth in cash dividends over the next two years [4][5]. Group 3: Synergy and Operational Efficiency - The merger is expected to create significant synergy effects, enhancing operational efficiency through the integration of existing resources and advanced management systems [5][6]. - Hanlan Environment aims to optimize its supply chain management and leverage technological innovations, such as AI, to improve waste-to-energy efficiency and reduce costs [6][7]. - The company plans to expand its heat supply business, capitalizing on the synergies from Yuefeng Environmental's projects, which will further enhance profitability [5][6]. Group 4: Industry Context and Future Outlook - The solid waste treatment industry is transitioning from an expansion phase to a consolidation phase, with leading companies accelerating resource integration [2][3]. - Hanlan Environment's successful acquisition serves as a valuable example for future consolidations in the environmental sector, providing a framework for high-quality development [2][7].