Group 1 - The former chairman and general manager of China Recycled Resources Group, Xing Hongwei, is under investigation for serious violations of discipline and law [1][15][24] - Xing Hongwei's resignation from all positions at China Recycled Resources Group occurred on December 19, 2025, due to personal reasons, which has been interpreted as a "naked resignation" [5][21][25] - The company stated that Xing's resignation would not affect its normal operations or management [9][23] Group 2 - China Recycled Resources Group, established in 1989, plays a crucial role in the development of the recycling industry and is under the auspices of the All-China Federation of Supply and Marketing Cooperatives, with an annual sales revenue of approximately 60 billion yuan and a processing capacity of over 30 million tons of recycled resources [10][24] - China Recycled Resources Environment Co., Ltd. (referred to as "China Recycled Resources Environment") is the publicly listed subsidiary of China Recycled Resources Group, with a registered capital of about 1.658 billion yuan and a market value of 6.946 billion yuan as of January 9, 2026 [10][24] - For the first three quarters of 2025, China Recycled Resources Environment reported a revenue of 2.449 billion yuan, a decrease of 15.56% year-on-year, and a net profit attributable to shareholders of -373 million yuan, indicating a shift from profit to loss [10][24]
环保新年首虎!中再资环原董事长被查