Core Viewpoint - Junxin Co., Ltd. is a leading company in the waste management industry, providing comprehensive waste treatment and resource utilization solutions, including green energy projects [2][3]. Business Overview - The company operates the largest environmental comprehensive park in China, located in Changsha, which includes various projects related to waste incineration and comprehensive waste treatment [2]. - Core business activities include: 1. Waste incineration power generation 2. Comprehensive treatment of various wastes (including sludge, wastewater, leachate, fly ash, etc.) 3. Transfer, compression, and transportation of municipal solid waste 4. Collection, harmless treatment, and resource utilization of kitchen waste [2]. Strategic Expansion - As part of its overseas expansion strategy, Junxin has established operations in Central Asia, signing service concession agreements in Kyrgyzstan and framework agreements for similar projects in Osh and Issyk-Kul regions [2]. - The company has also signed a memorandum of understanding to develop similar projects in Almaty, Kazakhstan [2]. Market Position - In 2024, Junxin's Changsha waste incineration project ranked fourth in the country for daily processing capacity among solid waste incineration projects and ranked first for average electricity generation per ton of waste [3]. - The Changsha transfer project is ranked first in the country for waste transfer and transportation, while the kitchen waste project ranks third for daily processing capacity [3]. Financial Performance - Revenue figures for the company are as follows: - 2022: Approximately 1.55 billion RMB - 2023: Approximately 1.84 billion RMB - 2024: Approximately 2.41 billion RMB - Q1 2025: Approximately 697 million RMB [3][5]. - Profit figures for the same periods are: - 2022: Approximately 588 million RMB - 2023: Approximately 653 million RMB - 2024: Approximately 686 million RMB - Q1 2025: Approximately 236 million RMB [3][5].
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