Core Viewpoint - A new company, Hebei Yibo Recycling Resources Co., Ltd., has been established, focusing on the recycling and dismantling of scrapped vehicles and agricultural machinery [1] Company Summary - The legal representative of the company is Jing Tongjian [1] - The registered capital of the company is 9 million RMB [1] - The company is authorized to engage in the recycling of scrapped motor vehicles and electric vehicles, as well as the dismantling of scrapped motor vehicles, subject to necessary approvals [1] - The company also plans to dismantle scrapped agricultural machinery, which can be conducted independently with a business license, excluding projects that require approval [1]

Core Viewpoint - The recycling industry in China is steadily progressing, with a total recycling value of approximately 1.34 trillion yuan in 2024, reflecting a 2.8% year-on-year growth, driven by policy support and increasing market demand [1][12]. Group 1: Industry Overview - Recycling refers to the collection, processing, and reuse of waste materials that have lost their original value, aiming to reduce reliance on raw resources and minimize environmental impact [6][8]. - The recycling industry consists of an upstream segment that collects waste, a midstream segment that processes it into reusable resources, and a downstream segment that applies these resources across various fields [8][12]. - The industry is evolving towards standardization, intelligence, and high added value, playing an increasingly important role in resource recycling and environmental protection [1][8]. Group 2: Market Data - In 2024, the total volume of recycled resources in China is expected to reach approximately 401 million tons, marking a 6.5% increase from 2023 [12][14]. - The recycling of retired wind and solar equipment, scrapped vehicles, and electronic waste has seen significant growth, with year-on-year increases of 145.2%, 79.2%, and 15.5% respectively [14][15]. - The total recycling value for 2024 is projected to be around 1.34 trillion yuan, indicating a steady growth trajectory for the industry [1][18]. Group 3: Competitive Landscape - The recycling industry is characterized by a fragmented competitive landscape, with market concentration needing improvement. Key players include companies like GreeenMe and China Recycle [19][21]. - The industry is expected to see increased competition focusing on supply chain integration and technological innovation as it develops [19][21]. Group 4: Future Outlook - The report titled "2025-2031 China Recycling Industry Development Status and Investment Potential Forecast" provides insights into market conditions, competitive dynamics, and future trends, serving as a crucial tool for decision-making in investments and strategic planning [2][26]. - The industry is anticipated to enter a golden period driven by policy support, with significant growth expected in the recycling of electronic waste and scrapped vehicles [9][37].

Group 1 - Ruthenium-iridium-titanium mesh is penetrating the new energy and chemical industries, acting as an "industrial vitamin" due to its exceptional corrosion resistance and conductivity [1] - In a domestic chlor-alkali enterprise, the ruthenium-iridium-titanium mesh anode has a lifespan of 8 years, which is 300% longer than traditional graphite electrodes, and reduces the electricity consumption for producing caustic soda by 15% [1] - The recycling market is experiencing a significant value transformation, with the price of used mesh materials showing a notable gradient, reaching 820 RMB/kg for materials containing 15g/m² of ruthenium and 5g/m² of iridium [1] Group 2 - Traditional pyrometallurgical recovery has a recovery rate of only 70%, while a leading company has improved ruthenium recovery to 92% and iridium purity to 99.95% using a "microwave digestion-ion exchange" technology [3] - The demand for ruthenium-based catalysts is expected to reach 220 tons/year by 2030 due to the global hydrogen energy strategy, creating a tight supply-demand balance that increases the recycling value of used ruthenium-iridium-titanium mesh [3] - The comprehensive recovery rate of ruthenium and iridium from recycled mesh materials has increased by 18 percentage points from 2020, directly boosting the gross profit margin of a recycling company to over 35% [3] Group 3 - The dual revolution in materials and resources is constructing a closed-loop value chain, where front-end applications drive industry upgrades and back-end recycling ensures resource security [6] - Establishing a graded management system for waste mesh materials and utilizing rapid detection technologies can maximize recycling value for waste-producing enterprises [6] - Advanced technologies like supercritical CO₂ extraction are key for recyclers to break through industry homogenization in the context of increasingly scarce precious metal resources [6]

Core Viewpoint - The article discusses common tax-related misconceptions in the recycling industry and clarifies the correct understanding of tax policies to enhance resource utilization efficiency and promote circular economy development [1]. Misconception Group 1 - Misconception 1: All general VAT taxpayers engaged in recycling can choose the simplified tax method with a 3% tax rate [2]. - Correct Understanding: Taxpayers must meet specific conditions, such as obtaining necessary licenses for hazardous waste collection or qualifications for scrapped vehicle recycling [3]. Misconception Group 2 - Misconception 2: All products and services from resource utilization can enjoy immediate VAT refunds [4]. - Correct Understanding: The eligibility for VAT refunds depends on compliance with specific regulations and conditions outlined in the relevant tax announcements, with refund rates ranging from 30% to 100% [5]. Misconception Group 3 - Misconception 3: Products corresponding to recycled resources can receive immediate refunds regardless of invoice acquisition [6]. - Correct Understanding: Taxpayers must obtain proper invoices or certificates for recycled resources to qualify for immediate VAT refunds, including specific documentation for domestic and international purchases [7]. Misconception Group 4 - Misconception 4: Any recycling enterprise can issue reverse invoices to sellers of scrapped products [8]. - Correct Understanding: Only recycling enterprises that meet specific conditions can issue reverse invoices, and they must follow the proper application and tax declaration procedures [9]. Policy References - The article references key tax policy documents that govern the VAT treatment of resource utilization and recycling activities [10].

Steel Recycling Industry - The current price index for scrap steel in China is 2178 yuan/ton, remaining stable compared to the previous working day, indicating a cautious trading environment for scrap steel manufacturers [3][20]. - A detailed overview of scrap steel prices across various cities shows that prices for heavy scrap (≥6mm) range from 1950 to 2360 yuan/ton, with most regions reporting stable prices [4][5]. Paper Recycling Industry - The current price index for recycled paper in China is 1551 yuan/ton, with a slight increase of 1 yuan/ton from the previous working day, suggesting a stable market for paper recyclers [7][20]. - A comprehensive list of recycled paper prices indicates that prices for first-grade paper in Shandong range from 1410 to 1580 yuan/ton, with no significant changes reported [9]. Aluminum Recycling Industry - The current price for recycled aluminum in China is 15400 yuan/ton, reflecting a stable market condition for aluminum recyclers [10][20]. - A regional price overview shows that prices for bright aluminum wire range from 18100 to 18500 yuan/ton in various cities, with most prices remaining stable [11][12]. Copper Recycling Industry - The current price for recycled copper in China is 73700 yuan/ton, indicating a stable pricing environment for copper recyclers [14][20]. - A detailed price list reveals that bright copper prices range from 72100 to 73400 yuan/ton across different regions, with most areas experiencing a decrease of 100 yuan/ton [17][18].

Group 1: Solid-State Battery Industry - Favorable policies for solid-state batteries are emerging, indicating a broad application prospect as pilot lines are established, and leading companies' investments are expected to attract more entrants, leading to continuous product technology iterations [1][3] - The Chinese government plans to invest approximately 6 billion yuan in solid-state battery research and aims to achieve small-scale vehicle demonstrations by 2027, with a focus on safety standards and policy guidance for the industry [3] - The solid-state battery market is projected to reach a shipment volume of 614.1 GWh and a market size exceeding 250 billion yuan by 2030, driven by its high energy density and safety features suitable for various applications [4] Group 2: Hong Kong Stock Market Dynamics - The correlation between the Hong Kong stock market and the A-share market has significantly increased since 2020, contrasting with the historical stronger correlation with the US stock market [2][6] - The decline in foreign capital's share in the Hong Kong market and the increase in domestic capital inflow have contributed to this enhanced correlation, reflecting a shift in the investment environment [7][8] - Over 90% of the net profits in the Hong Kong market are contributed by Chinese companies, indicating a strong link between the fundamentals of the Hong Kong market and the mainland economy [8] Group 3: Semiconductor Industry - The establishment of a growth layer in the Sci-Tech Innovation Board is beneficial for high-quality semiconductor companies to stand out in the capital market, aligning with the trends of AI and self-sufficiency [9][12] - Domestic advanced process technology is continuously iterating, and AI computing chips are expected to gradually shift towards domestic foundries, creating significant opportunities for companies like SMIC and Hua Hong Semiconductor [12][12] - The ongoing sanctions against Chinese technology firms are accelerating the domestic production process, with the proportion of AI server chips sourced from abroad expected to decrease from 63% to 42% by 2025 [12]

活动现场 供图 成都市绿色低碳发展协会 作为全国首个将再生资源交易与碳普惠深度融合的创新平台，"再易通"依托四川联合环境交易所在环境 权益交易方面的专业优势和良好的市场影响力，针对传统交易"信息孤岛、非标定价、信任缺失"三大痛 点，首创再生资源与企业碳账户联动模式。根据《中国再生资源回收行业发展报告》数据，2024年，全 国再生资源回收总量约为4.01亿吨，回收总额达1.34万亿元。"再易通"不仅是商业模式的创新，更是践 行绿色发展理念的生动典范，通过促进再生资源的高效流通与利用，提高资源回收利用率，减少原生资 源开采，从而降低碳排放，为实现国家"双碳"目标贡献力量。 6月13日，全国首个由国家备案交易场所搭建的再生资源交易平台——四川联合环境交易所"再易 通"（以下简称"再易通"）正式开市。上线首笔成交废塑料22.965吨，成交金额86519.75元，经测算可减 少CO2排放29.85吨，标志着全国首创的再生资源交易与碳普惠深度融合平台成功落地。"再易通"以区 块链技术为底层支撑，构建起独具特色的"5+2+1"服务体系，以数智化交易模式替代传统交易模式，引 领再生资源行业迈入"数字化流通+绿色价值转化"的全 ...

Core Viewpoint - The tax authorities in Xining Economic and Technological Development Zone are implementing a series of service measures to support the development of small and medium-sized enterprises (SMEs), focusing on their urgent needs and challenges, thereby contributing to high-quality economic development [1] Group 1: Precision Guidance - The Dongchuan Industrial Park Tax Bureau collaborates with technology and industry departments to create a directory of technology enterprises, providing targeted tax policy guidance and support to resolve application issues [2] - Qinghai Nord New Materials Co., Ltd., recognized as a "specialized and innovative" SME, has significantly increased its production of ultra-thin lithium battery foil, benefiting from tax incentives totaling 47.83 million yuan for R&D expenses [2] Group 2: Quality Service - The Nanchuan Industrial Park Tax Bureau has established a cross-departmental collaboration mechanism to optimize government services, focusing on simplifying processes and expediting export tax refund procedures [3] - The implementation of a unified electronic tax system allows for quick processing of export tax refunds and R&D expense deductions, alleviating cash flow pressures for enterprises [3] Group 3: Collaborative Governance - The Biotech Industrial Park Tax Bureau has initiated a "face-to-face tax enterprise compliance promotion" action, engaging over 110 enterprise representatives to discuss VAT policies and R&D investment challenges [4] - Kingke Tibetan Medicine Co., Ltd. has benefited from precise policy guidance, receiving 10.15 million yuan in R&D expense deductions and 11.43 million yuan in tax reductions, which are reinvested into new drug development [5] Group 4: Compliance Management - The tax authorities in Xining are actively guiding enterprises to comply with tax laws and regulations, conducting on-site assessments to identify and address potential tax risks [7] - The Ganhua Industrial Zone Tax Bureau provides personalized services to help enterprises conduct self-assessments of tax risks, ensuring compliance in their operations [7]

Core Points - The Guangdong Provincial Government has released a comprehensive plan for the construction of "waste-free cities," aiming for full implementation across all prefecture-level cities by 2025 and achieving a complete "waste-free city" status by 2035 [1] Group 1: Goals and Timeline - By 2025, all prefecture-level cities in Guangdong will fully implement "waste-free city" construction [1] - By 2027, the proportion of hazardous waste landfill disposal will decrease, solid waste generation intensity will significantly decline, and resource utilization rates will improve [1] - The ultimate goal is to establish a "waste-free city" across the province by 2035 [1] Group 2: Policy and Technological Framework - The plan emphasizes the need for a robust policy and regulatory framework, alongside technological innovation to support waste management [2] - It proposes the establishment of an ecological compensation mechanism for the cross-regional transfer and disposal of solid waste [2] - The plan includes the development of core technologies for solid waste recycling and encourages participation in carbon reduction projects [2] Group 3: Resource Recycling and Management - A comprehensive recycling system will be established, including collection points, transfer stations, and sorting centers, creating an ecological loop involving residents, individual recyclers, and recycling enterprises [2] - Each county or district is required to establish at least one recycling sorting center [2] - The plan aims to develop a resource recycling industry, focusing on modern "urban mining" bases and circular economy industrial parks [2] Group 4: Hazardous Waste Management - The plan outlines a coordinated approach to hazardous waste disposal, emphasizing the need for centralized disposal capabilities [3] - It encourages the provision of one-stop environmental management services for small and micro enterprises [3] - The plan aims to enhance the information management of hazardous waste through standardized processes and smart technologies [3] Group 5: Sector-Specific Initiatives - In the industrial sector, the plan promotes the recycling of industrial solid waste and emphasizes the management of battery manufacturing and recycling [4] - It also addresses the management of construction waste, advocating for source reduction and the use of recycled materials in construction projects [5] - In agriculture, the plan promotes eco-friendly farming practices and the recycling of agricultural solid waste [5] Group 6: Collaborative Efforts - The plan encourages collaboration within the Guangdong-Hong Kong-Macao Greater Bay Area to establish unified solid waste management standards [7] - It aims to explore mechanisms for regional waste collaborative utilization and the construction of regional recycling projects [7]

6月5日，报道《买卖二手手机，如何更安心》在本版刊发后，有读者关心：闲置的旧手机，如果不想卖 掉，有没有可靠的处置渠道？本报记者了解到，中国资源循环集团已逐步建立起手机安全回收处置体 系。成立仅仅半年多，这支主责为资源循环利用的"国家队"，开展了哪些工作？下一步还将怎么干？让 我们走近这家年轻的中央企业，一探究竟。 ——编者 连日来，中国资源循环集团（以下简称"中国资环集团"）动作不断： 4月22日，在江苏南京成立中国资环新能源科技公司；4月23日，在江苏无锡成立中国资环绿色纤维公 司；4月25日，华润环保科技有限公司宣布更名为中国资环集团绿色投资有限公司；4月27日，在浙江杭 州揭牌成立中国资环有色金属投资公司…… 为何新成立一家央企？ 重组整合再生资源等相关资产和业务 2024年10月18日，中国资环集团在天津正式挂牌成立，企业主责为资源循环利用。 一家新央企是如何成立的？ 信息显示，中国资环集团注册资本100亿元，由国务院国资委和中国宝武、中国石化、华润集团、中国 铝业、中国五矿等5家企业共同出资组建，国务院国资委代表国务院履行出资人职责。其中，国务院国 资委、中国宝武、中国石化、华润集团各占股20%， ...