Zhongzhuang Construction(SZ:002822) Quan Jing Wang·2025-09-16 01:29Group 1: Industry Overview - The solid waste treatment sector is emerging as a new avenue for Chinese industries to expand overseas, driven by the ongoing green transformation of the "Belt and Road" initiative [1] - The global waste-to-energy market is projected to exceed $60 billion within five years, with most countries still in the early stages of development, representing a typical blue ocean market [1] - The demand for solid waste treatment is expected to grow as the global carbon neutrality process accelerates, providing opportunities for leading companies in the industry [3] Group 2: Company Highlights - Kangheng Environment is currently the largest Chinese company in the solid waste sector with overseas investments in 12 waste-to-energy projects, processing over 15,000 tons daily [1] - The company has established 90 industrial parks globally, providing environmental energy services to over 100 million people [1] - Kangheng Environment's self-developed SUS mechanical grate furnace has received EU CE certification and is utilized in over 300 waste-to-energy plants worldwide, with a daily processing capacity exceeding 300,000 tons, making it the top supplier of waste incineration equipment globally [1] - The company is recognized as a model for green innovation in China, as highlighted in the "National Development Achievements Commemorative Special Edition" by China Daily [2] Group 3: Strategic Developments - Kangheng Environment is participating in the restructuring of ST Zhongzhuang, which marks a significant step in capital operations [2] - The restructuring process has led to rapid business collaboration, including a contract for property services worth approximately 31.97 million yuan for Kangheng Environment's global headquarters [2] - Both companies are advancing an innovative business model called "Green Electricity Direct Supply AIDC," leveraging Kangheng Environment's annual green electricity supply capacity of 3.7 billion kilowatt-hours and ST Zhongzhuang's expertise in the IDC field [2]