Core Viewpoint - The company, Boin Special Welding, reported that as of September 30, 2025, approximately 59% of its revenue will come from waste-to-energy projects, indicating a strong focus on this sector amid a complex economic environment [2]. Industry Summary - The waste-to-energy market is divided into domestic and overseas segments, with a slowdown in new waste incineration boiler projects domestically, although there remains a demand for new and upgraded projects [2]. - The overseas market presents significant growth opportunities, particularly in developing regions such as Southeast Asia, Central Asia, and Latin America, where rapid urbanization has led to increased waste generation and a pressing need for effective waste management solutions [2]. - Countries like Vietnam, Thailand, and Indonesia have prioritized waste incineration as a national strategy, supported by government policies such as waste treatment subsidies and favorable electricity pricing, which are driving the growth of waste-to-energy initiatives [2]. - In developed regions like Europe and North America, the waste-to-energy industry is more mature, with a higher number of existing facilities; however, there is a growing demand for upgrading and retrofitting older waste incineration boilers [2].
博盈特焊：截至2025年9月30日，公司垃圾焚烧发电的收入占比约为59%