Core Viewpoint - The innovative bioprotein-mediated technology developed by Hunan University of Technology has achieved significant success in the efficient recovery of precious metals from lithium battery tailings, marking a milestone in the resource utilization of solid waste in the new energy sector [1][3]. Group 1: Technology and Innovation - The bioprotein-mediated gradient recovery system addresses three major industry challenges: difficulty in separating low-grade tailings precious metals, high recovery costs, and potential secondary pollution [1][3]. - The technology has been patented with four national invention patents and is considered a crucial pillar for promoting the circular development of the lithium battery industry [1][5]. - The average content of lithium, cobalt, and nickel in lithium battery tailings is 2.3 kg, 1.8 kg, and 3.5 kg per ton, respectively, which could meet 15% of the global demand for lithium battery raw materials if efficiently recovered [3]. Group 2: Environmental and Economic Impact - The new technology has increased the total recovery rate of precious metals from tailings to 92%, reduced processing costs by 58%, and eliminated harmful gas emissions during the process [3][5]. - The purity of lithium obtained from the tailings reaches battery-grade standards (99.95%), with cobalt and nickel recovery rates improved by 42% and 37% compared to traditional methods [5]. - The carbon emissions during the processing are reduced by 76% compared to traditional pyrometallurgical methods, showcasing a significant environmental benefit [5]. Group 3: Industry Collaboration and Future Prospects - Leading companies in the industry, such as BYD and Bangpu Recycling, have shown interest in collaborating on the industrialization of this technology [5][7]. - The research team is establishing a comprehensive innovation system that integrates microbial screening, protein modification, pilot testing, and industrial application [7]. - The team aims to explore a deep integration path of industry-university-research collaboration to ensure that technological innovations effectively support industrial development [7].

2021年8月，交通运输部同意交科院开展固废资源化利用技术研发及产业化应用试点。明确通过1～2年 时间，完成工业废渣、尾矿渣、工程废弃渣等固体废弃物理化特性、力学路用性能、工程利用机理研 究，形成固废行业和应用指导分类等研究成果。 通过3～5年时间，固废关键技术研究实现突破，在固废处置方面研究形成技术体系，在固废评价方面形 成关键指标和示范准则，在固废工程方面形成系列应用成果和建养工艺工法。 据交科院试点任务完成情况介绍，从30余种固体废弃物中选取年产量和堆存量大、处置难度高、产量增 长快的12种适合道路工程应用的典型固废，结合道路不同结构层位的应用要求，开展固化/稳定剂等材 料配合比试验，测试抗压强度、抗剪强度等力学性能，根据测试结果调整和优化材料配合比。建立了大 宗固废道路建设应用整体解决方案，有效控制了固废应用的环境风险。 试点实施以来，交科院在全国17个省区市铺筑共102公里的示范路段，累计利用各类固废493万吨，减少 筑路材料购置支出5亿元，节约占地15.4万平方米，降低道路工程建设全生命周期碳排放6.1万吨，推动 实现道路固废资源化利用"原材料选配—无害化处置—工程性能提升—施工质量控制"全链条闭 ...

Core Viewpoint - The company is actively promoting green low-carbon development and solid waste resource utilization through innovative practices in the ecological and environmental industry, particularly in the Yangtze River Economic Belt [1][2][4]. Group 1: Ecological Governance - The company has established the Feixi County Ecological Environmental Industry Demonstration Park, focusing on "coordinated treatment, technological innovation, ecological protection, and demonstration conversion" to address solid waste pollution in the Yangtze River Economic Belt [2]. - The park has a total processing capacity of 3,900 tons per day, including projects for household waste incineration, slag comprehensive utilization, kitchen waste treatment, and sludge drying [2]. - Since its operation, the park has processed over 4.1 million tons of household and kitchen waste, generating 1.34 billion kWh of electricity, alleviating the "garbage siege" issue in the region [2]. Group 2: Technological Innovation - The company has invested significantly in environmental technology research and innovation, leading to the successful completion of a national key research project on solid waste resource utilization [3]. - It has applied for 32 patents and 10 software copyrights, covering various fields such as waste incineration and solid waste resource utilization, establishing a strong technological foundation for its operations [3]. Group 3: Social Responsibility - The company integrates social responsibility into its development strategy by addressing environmental concerns of local residents and employing advanced environmental technologies [3]. - It has established an environmental science popularization museum and conducts regular public education activities on waste classification and environmental protection [3]. - The company has received multiple national and provincial honors for its outstanding performance in solid waste treatment, technological innovation, and social responsibility [3].

此次签约不仅是双方合作共赢的重要里程碑，更是煤基固废综合利用领域的一次重要突破。双方表示， 将继续深化合作，携手并进，共同推动煤矸石智能双体充填技术的广泛应用创新与发展，为智慧矿山、 绿色矿山贡献更多力量。未来，双方将在陕西西安发起煤基固废产业联盟。 2025年6月27-29日，第三届煤基固废综合利用技术交流会在内蒙古自治区鄂尔多斯市举办，国内知名高 校教授、科研机构专家以及业内人士共同就推进煤矸石资源化利用进行深入交流与研讨，深度探索煤基 固废综合利用的新路径，为智慧矿山、绿色矿山贡献更多力量。 本次会议由工业固废网、内蒙古工业大学、内蒙古地矿生态环境科技有限公司、内蒙古煤炭学会、内蒙 古自治区环境科学学会、内蒙古科学技术研究院等联合主办；准格尔旗对外招商投资有限公司、中国- 蒙古国选矿工艺技术"一带一路"联合实验室（筹）协办；准格尔旗能源协会、山西省环保产业协会煤矸 石综合利用专业委员会、内蒙古超牌新材料股份有限公司、河图矿业（山西）有限公司、福建泉工股份 有限公司、河南正大机械有限公司、青岛海州重工机械有限公司、青岛松灵电力环保设备有限公司、三 一重工股份有限公司、湖北华窑中盟窑炉设备有限公司支持；北京 ...

Core Insights - The construction of the first coal-based solid waste cementing material test road in Inner Mongolia is underway, showcasing innovative use of industrial solid waste [6][7] - The project utilizes coal chemical gasification slag as the main material, integrating fly ash and desulfurization gypsum, achieving a 100% solid waste mix for road base material [6][7] - The technology aims to enhance the resource utilization rate of industrial solid waste by over 70%, with each kilometer of road capable of absorbing approximately 6,000 tons of solid waste, significantly reducing land use and environmental risks [6][7] Group 1 - The test road measures 220 meters in length and 17 meters in width, marking a significant development in the region's infrastructure [6] - The construction process involves innovative techniques that form a comprehensive technical system for future large-scale promotion [6][7] - The project is expected to reduce construction costs by over 30% compared to traditional materials, providing a model for engineering in areas with concentrated industrial waste [6][7] Group 2 - The project is a collaboration between Su Li Ge Construction Development Group, local environmental investment companies, and Southeast University, addressing the challenges of coal-based solid waste utilization [7] - It establishes an integrated demonstration base for production, learning, research, and application, proposing multi-scenario application solutions [7] - The successful implementation of this project signifies a breakthrough in the resource utilization of coal-based solid waste, contributing to the green and low-carbon transformation of the energy sector and supporting the "dual carbon" strategy [7]

2025.06. 02 本文字数：2343，阅读时长大约4分钟 作者 | 第一财经 魏中原 在5月30日股价创下历史新高后，惠城环保2022年11月以来的累计涨幅超过15倍，系同时间段A股 市场最牛的个股，没有之一。 回顾惠城环保这段单边大涨行情，游资短暂现身了若干个交易日，陆股通、华夏基金、高盛、摩根士 丹利均成为过前十大流通股股东，且收获了一定投资浮盈。 作为两市第一"牛股"，惠城环保的基本面与估值严重背离。上市六年以来，惠城环保年营收规模由 约3.4元增长至10亿元以上，但盈利能力大幅波动，除了2023年以外，其余五年的扣非净利润均是 同比下滑，去年四季度扣非净利润亏损且这种亏损状况延续至今年一季度。 小市值弹性发动的主题投机是惠城环保股价"走妖"的主要原因。固废资源化是环保领域的热门赛 道，过去几年，环保行业迎来多重政策催化，节能产业链成为核心受益领域。Wind节能环保指数年 内收涨11.91%，此前三年均为下跌。2022年11月以来，环保（长江成分）板块128只股平均收涨 22%，涨幅次高的中航泰达（836263.BJ）累计涨218.33%，与惠城环保的15倍涨幅相比，相去 甚远。 主题炒作以外，微 ...

Core Viewpoint - The valuation of Huicheng Environmental Protection is significantly inflated, with a TTM P/E ratio of 2468 and an estimated P/E ratio of 184 for 2025, while the average P/E ratio for the environmental sector is around 48 [1][6]. Group 1: Stock Performance - Huicheng Environmental Protection's stock price has surged over 15 times since November 2022, making it the top-performing stock in the A-share market during this period [1][2]. - The stock experienced a 28.33% increase in the last two weeks of May, despite a general market downturn, indicating a potential topping pattern [2]. - The stock has shown a year-to-date increase of 77.52%, with monthly gains exceeding 20% in most months [2]. Group 2: Business Model and Market Position - The company specializes in solid waste treatment and disposal services, focusing on the processing and recycling of waste catalysts for refining enterprises [2][3]. - Huicheng Environmental Protection's business model includes waste catalyst treatment, resource recycling, and sales of recycled catalysts [2]. Group 3: Financial Performance - The company reported a significant revenue increase in 2023, achieving 1.071 billion yuan, a 194.76% year-on-year growth, and a net profit of 138 million yuan, a 55-fold increase [6]. - However, the company has faced profitability challenges in 2024, with a projected revenue of 1.149 billion yuan, a 7.33% increase, but a net profit decline of 69.25% [7]. - The first quarter of 2024 saw a continued net loss of 10.336 million yuan, with revenue down 4.27% to 285 million yuan [7]. Group 4: Market Dynamics and Challenges - The environmental protection sector has seen a rise in interest due to policy catalysts, but Huicheng Environmental Protection's performance is not aligned with its stock price [3][6]. - The company's reliance on the refining catalyst business is concerning, as demand for refined oil is declining due to the rise of electric vehicles and regional economic pressures [7]. - The company is attempting to diversify by developing a waste plastic recycling project, which is still in the preparatory phase and has uncertain revenue contributions [7].

田晶娟制图 受访者供图 彼时，黑龙江省1.56亿亩黑土耕地亟待修复，而省内农业固废年产量高达1.3亿吨，且当时农业固废综合 利用率不足60%，存在巨大的提升空间。杨帆团队敏锐捕捉到这一关键信息，决定以固废资源化利用为 突破口，解决黑土地退化难题。在众多技术方向中，他们选择了水热腐殖化技术。 "这项技术的核心是模仿森林深处腐烂落叶在雨水浸泡、地热烘烤下的自然发酵过程，通过人为创造类 似条件，将农业废弃物快速转化为高效腐殖质。"杨帆说。在她看来，研究水热腐殖化技术，就像在黑 土地里"寻宝"，每个数据都是找寻宝藏的线索。 "我们经历了无数次失败，但并未因此退缩，反而坚定了研究的决心。" ◎科技日报记者 朱 虹 编者按 青年是科技创新的生力军，是决定未来的关键力量。他们用智慧与汗水在量子计算、深空探 测、生物医药等领域镌刻下属于中国青年的时代坐标。本报今日起推出"以青春之名赴创新之约"系列报 道，聚焦被授予2025年度中国青年五四奖章的科技工作者和被授予2025年度中国青年五四奖章集体的科 研团队，见证他们如何以"硬核"创新践行"强国有我"的庄严承诺。 5月的黑龙江省建三江垦区，黑土地在拖拉机的轰鸣中苏醒。田垄旁的监 ...