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][12]. 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) has opened new avenues for JinJing New Energy in the global resource recycling market [2]. - This partnership follows a previous collaboration with China Resources Environmental 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 from retired batteries exceeding HKD 30 billion [4]. Future Growth Potential - The peak period for retired batteries is expected to occur between 2025 and 2030, indicating significant future growth potential for JinJing New Energy [7]. - The company is well-positioned to benefit from the upcoming surge in battery recycling demand, particularly in the context of global supply chain challenges for strategic metals [10][11]. Strategic Initiatives - JinJing New Energy's collaboration with FMG includes exclusive global trading rights for various metal products, enhancing its competitive edge in the recycling market [8][9]. - The partnership is expected to generate a minimum gross profit of USD 20 million over five years, further solidifying JinJing's financial outlook [8]. 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 laying a strong foundation for future growth [12].
收入高增228%且利润端转盈，加速驶入收获期的晋景新能（01783）有望价值裂变