CSCEC(SH:601668) Chan Ye Xin Xi Wang·2026-02-20 00:58Core Viewpoint - The recycling of construction waste in China is gaining attention due to ecological concerns, with a series of laws and regulations being implemented to promote resource recycling and sustainable development in the industry [1][5][9]. Group 1: Industry Overview - Construction waste recycling involves processing solid waste generated during construction activities into reusable products, aiming for resource reduction, recycling, and harmless disposal [2][3]. - The industry is characterized by a low resource utilization rate of less than 10%, significantly lagging behind developed countries, with most waste still being disposed of in a crude manner [1][9]. - The volume of construction waste is projected to reach approximately 3.76 billion tons by 2025, with an annual processing capacity of about 1.75 billion tons, expected to exceed 2 billion tons by 2026 [1][12]. Group 2: Policy and Regulatory Framework - The Chinese government has intensified its focus on ecological issues related to construction waste, issuing various laws and guidelines to regulate the industry, such as the new Solid Waste Law and several action plans [5][9]. - Local governments are actively implementing policies that align with national directives, creating a framework for effective management and resource utilization of construction waste [5][9]. Group 3: Economic Value and Potential - The recycling of construction waste has significant economic potential, with the ability to produce various recycled products such as recycled aggregates and concrete, which can reduce construction costs and environmental impact [7][8]. - Processing 100 million tons of construction waste can yield substantial amounts of recycled materials, saving land and reducing carbon emissions [7][8]. Group 4: Competitive Landscape - The construction waste recycling industry in China is still in its early stages, with high regional concentration and dispersed national competition, particularly in economically developed areas [14]. - Notable companies in the sector include Haixia Environmental Protection, Shanghai Environment, and Zhongyuan Environmental Protection, which have established a presence in their respective regions [2][14]. Group 5: Future Development Trends - The industry is expected to evolve towards intelligent, refined, and high-value processing, with advanced technologies becoming more prevalent [15]. - A comprehensive policy framework will be established to regulate the entire recycling process, from source control to end-use, promoting the large-scale application of recycled materials [16]. - Industry consolidation is anticipated, with leading companies integrating smaller firms to enhance operational efficiency and promote balanced regional development [18].