Core Viewpoint - Greeenme is a leading player in the recycling of waste batteries and cobalt-nickel resources, showcasing strong financial performance and growth potential in the industry [1][2][6]. Group 1: Company Overview - Founded on December 28, 2001, and listed on the Shenzhen Stock Exchange on January 22, 2010, Greeenme is the largest global enterprise in waste battery and cobalt-nickel resource recycling [1]. - The company focuses on the recycling of waste cobalt-nickel resources and electronic waste, as well as the production and sales of cobalt-nickel powder materials and plastic-wood profiles [1]. Group 2: Financial Performance - In Q3 2025, Greeenme achieved a revenue of 27.498 billion yuan, ranking second in the industry, only behind Zhongwei Co., which had a revenue of 33.297 billion yuan [2]. - The company's net profit for the same period was 1.313 billion yuan, ranking third in the industry, with the first and second places being Putailai and China Baoneng, respectively [2]. Group 3: Financial Ratios - As of Q3 2025, Greeenme's debt-to-asset ratio was 64.96%, higher than the industry average of 51.96% [3]. - The gross profit margin for Q3 2025 was 12.67%, which, although lower than the previous year's 13.56%, remained above the industry average of 10.89% [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.76% to 418,000, while the average number of circulating A-shares held per shareholder decreased by 2.68% to 12,200 [5]. Group 5: Business Growth and Innovations - Greeenme's nickel-cobalt self-supply reached a record high, effectively mitigating the impact of cobalt raw material bans from the Democratic Republic of Congo [6]. - The company reported a revenue of 10.226 billion yuan from its new energy battery materials business in H1 2025, showing a year-on-year growth of 0.56% [6]. - Greeenme is expected to achieve net profits of 1.630 billion yuan, 2.317 billion yuan, and 3.444 billion yuan for the years 2025, 2026, and 2027, respectively, indicating significant growth potential [6]. Group 6: Market Position and Future Outlook - Greeenme's integrated layout and continuous growth in the Indonesian nickel project are expected to strengthen its competitive advantage [7]. - The company maintains its profit forecast for 2025 and has introduced a new profit forecast for 2026, reflecting confidence in its growth trajectory [7].