（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：尊敬的董秘，您好！公司钨资源回收领域成绩斐然， 每年能够回收钨资源 5000 吨，占中国开采量的 8%。其再生钨纯度达到 99.99%，成本相较于传统开采 降低了 15%，这一优势使其在市场竞争中脱颖而出。请问公司一块业务涉及消费电子行业，是否有通 过供应链为苹果公司提供回收钨材料？ 格林美（002340.SZ）11月17日在投资者互动平台表示，格林美年循环再生的钨资源占中国原钨开采量 的10%，公司回收再制造的钨产品供应全球3C消费电子龙头企业。 ...

Core Viewpoint - The company, Yingke Recycling Resources Co., Ltd., is participating in an investment in Warburg Pincus Global Growth 15, L.P. as a limited partner, contributing $30 million, which represents approximately 0.18% of the fund's target size of $1.7 billion [2][8]. Group 1: Investment Overview - The investment is aimed at optimizing the company's investment structure and enhancing its global strategic layout [4][16]. - The investment will be made by the company's wholly-owned subsidiary, Yingke Environmental International (Hong Kong) [2][5]. - The investment is classified as a related party transaction due to the common control by the same actual controller with Yingke Medical Technology Co., Ltd. [2][6]. Group 2: Board Approval Process - The investment has been approved by various committees within the company, including the Strategic and ESG Committee, Audit Committee, and Independent Directors [3][27][28]. - The board meeting where the investment was approved had independent directors recuse themselves from voting, ensuring compliance with regulations [29]. Group 3: Fund Details - The fund, Warburg Pincus Global Growth 15, L.P., aims to invest in sectors such as energy transition, sustainable development, commercial services, industrial, technology, consumer, and healthcare [8][19]. - The fund has a lifespan of 12 years, with the possibility of a 2-year extension [8][12]. - The fund's management fee structure is set at 1.3% for the first eight years, decreasing to 1% thereafter [13]. Group 4: Financial Impact and Rationale - The investment is expected to enhance the company's profitability and align with its long-term strategic goals [16][21]. - The company has maintained positive cash flow over the past three years, indicating financial stability to support this investment [20]. - The investment is structured to minimize risk through professional management and diversified investment strategies [20][21].

Core Viewpoint - The implementation of the "Interim Measures for the Recycling and Utilization of Waste Power Batteries for New Energy Vehicles in Sichuan Province" marks a significant step in regulating the recycling of power batteries, addressing the urgent need for a structured approach to handle the anticipated surge in retired batteries as the number of new energy vehicles increases [1][3]. Group 1: Current Situation and Challenges - As of the end of 2024, Sichuan Province is expected to have 1.402 million new energy vehicles, a year-on-year increase of 56.4%, leading to a potential first wave of retired power batteries in the next 2-3 years [1]. - The current recycling landscape is characterized by a lack of a high-value comprehensive utilization industry, with many batteries flowing into informal "small workshops," which undermines the operations of legitimate recycling enterprises [1][2]. - The total amount of retired power batteries in China exceeded 580,000 tons in 2023, with projections of 1.04 million tons by 2025 and 3.5 million tons by 2030, while the standardized recycling rate remains below 25% as of the end of 2023 [2]. Group 2: Policy and Regulatory Framework - The "Measures" provide institutional support for establishing a closed-loop recycling system for power batteries throughout their lifecycle, focusing on regional center construction, recycling norms, supportive measures, supervision, and legal responsibilities [2][3]. - The national-level "Action Plan for Improving the Recycling and Utilization System for New Energy Vehicle Power Batteries" and the revised "Industry Norms for the Comprehensive Utilization of Waste Power Batteries" aim to enhance the regulatory framework, but local adaptations are necessary for effective implementation [3]. Group 3: Future Directions and Opportunities - The government and industry should collaborate to seize the development opportunities in the retired battery recycling sector, establishing mandatory recycling mechanisms and providing incentives for compliant enterprises while cracking down on illegal activities [4]. - Companies are encouraged to innovate in recycling, disassembly, and remanufacturing processes to improve resource recovery rates and reduce energy consumption, positioning themselves as leaders in technology and standards within the industry [4]. - The true maturity of the new energy vehicle industry will be reflected not only in production and sales growth but also in the enhancement of lifecycle management, with Sichuan's regulatory innovations serving as a model for other regions [4].