收入高增228%且利润端转盈，加速驶入收获期的晋景新能有望价值裂变

Core Viewpoint - JinJing New Energy has successfully transformed into a global player in the circular economy, as evidenced by its significant revenue growth and profitability in its latest financial report [1][6]. Financial Performance - For the six months ending September 30, JinJing New Energy reported revenues of approximately HKD 816 million, a year-on-year increase of 228.6% [1]. - The company achieved a net profit of HKD 15.1 million, marking a turnaround from previous losses [1]. - Revenue from reverse supply chain management and environmental services surged to approximately HKD 790 million, a staggering increase of 401.78% year-on-year, accounting for 96.81% of total revenue [1]. Strategic Partnerships - The strategic alliance with Fortune Metal Group Inc (FMG) opens new avenues for JinJing New Energy in the global resource recycling market [2]. - This partnership follows a previous collaboration with China Resources International, marking a significant milestone in JinJing's overseas recycling network [2]. Market Position and Competitive Advantage - JinJing New Energy has established a global recycling network covering 28 countries, including three pre-treatment plants and 74 collection and dismantling points [3]. - The company has developed a comprehensive battery solution capability, including battery dismantling, storage, testing, and recycling [4]. - Key clients include leading companies such as Guoxuan High-Tech and JinkoSolar, with potential disposal value exceeding HKD 30 billion from retired batteries [4]. Future Growth Potential - The peak period for retired batteries is anticipated to occur between 2025 and 2030, suggesting significant growth opportunities for JinJing New Energy in the coming years [7]. - The company is well-positioned to benefit from the increasing demand for battery recycling services as the market matures [6]. Strategic Development and Resource Security - The partnership with FMG enhances JinJing's competitive barriers and positions it as a key player in ensuring national strategic resource security [10][12]. - JinJing's collaboration with FMG includes exclusive sales rights for various metal products, which will help secure domestic supply chains [12]. Conclusion - JinJing New Energy is on a trajectory towards becoming a leading global recycling network and a major player in the circular economy, with its recent financial performance and strategic partnerships indicating a robust growth outlook [13].