"我们打造的是'可触摸的环保生态圈'。"拱墅区综合行政执法局相关负责人介绍，该站点创新"线上 +线下"双轨服务模式：居民既可通过"墅袋熊"微信小程序预约"环保骑士"上门回收，也可将可回收物送 至站点兑换米面粮油等30余种生活物资。试运行半个月以来，日均处理量达1.2吨，环保金兑换率超 75%。 七古登再生资源旗舰店 在宣教空间的"循环剧场"，每周上演的环保主题皮影戏场场爆满；旧物改造工作坊、碳足迹计算器 等互动装置，让居民直观感知"一个塑料瓶的重生之旅"；智慧大屏的实时反馈机制，让管理人员实现运 力精准调度。 家住七古登社区的陈阿姨，如今每周都会用手机预约"环保骑士"上门收取废纸箱。"手机一点、废 品变现"的便利体验，源自拱墅区全新落成的再生资源回收旗舰店——这处藏身于社区商业体的"绿色会 客厅"，正以科技赋能与场景创新重塑城市"垃圾革命"。 作为拱墅区"1+3+N"再生资源体系的重要支点，七古登旗舰店与天水、祥符等站点共同构建起15分 钟绿色生活圈。随着智能分拣设备的引入和夜间回收服务的开通，预计今年年底全区标准化站点将突破 50个、年回收量将达8万吨。 在光明商业中心二层，占地约280平方米的七古登再生资 ...

工作人员 盘女士：操作中顾客可以确认或取消，有实时监控，全程20分钟内可以完成，完成后30分钟内可以马上到款。 "黄金ATM机"并不是"无门槛"回收。每克需要收取18元服务费。金器含金量需达50%以上，且单次回收重量不低于3克。附带钻石、珍珠 等非黄金材质的饰品需提前拆除，仅回收黄金部分。带有涂层或镶嵌的饰品可能因检测与熔炼产生损耗，最终以熔炼后的克重结算。另 外，这台机器还提供免费成色检测功能，吸引市民随手测试家中珍藏的金饰。 近期，随着国际金价持续攀升，黄金回收市场迎来交易热潮。记者近日走访发现，惠州黄金交易市场出现新变化——首台"黄金ATM 机"已在惠城区水口汇乐城正式投入使用。这台智能设备采用光谱分析技术，可对黄金饰品进行无损检测，并实时同步上海黄金交易所最 新报价。最快30分钟即可实现全流程自助变现，为市民提供了更加透明、高效的黄金回收新渠道。 在水口汇乐城的一楼中庭，这台通体金黄的机器格外显眼。它的体积相当于两台银联ATM机，一边有触摸屏方便操作，另一边则有内置 托盘。用户只需将金饰、金条等放入指定托盘，机器将通过光谱仪进行无损检测，实时显示克重与含金量，并基于上海黄金交易所的实 时金价计算回收金 ...

此次"垃圾分类·净山行动"是闲林街道创新垃圾分类管理的一个生动实践。今年以来，闲林街道聚 焦垃圾分类"数字化+精细化"管理，为辖区居民按"户"建立垃圾分类积分档案，推动"一户一码"精准管 理全面覆盖，并通过刷卡积分兑换等方式全面提升数字化分类收集投放刷卡率，为生活垃圾的长效管理 奠定了坚实基础。同时，闲林街道在多个小区启动试点，通过建立物业、社区、街道部门"三级联动"巡 检机制，实现对生活垃圾数字投放收集点的全方位、常态化巡检。 下一步，闲林街道将以本次"垃圾分类·净山行动"为契机，进一步深化垃圾分类宣传教育，拓展环 保活动形式与覆盖范围，吸引更多居民加入环保行动。同时，依据居民反馈与实际成效持续调整管理策 略，提升垃圾分类工作质效，让绿色环保理念在闲林街道落地生根，共同绘就生态文明建设的美丽画 卷。 近日，余杭区闲林街道翡翠社区联合虎哥回收，在闲林水库周边山林举办了"垃圾分类·净山行 动"。此次活动通过"教育+实践"的双轨并行模式，不仅有效清理了山林垃圾，更将环保理念深植于参与 者心中，为生态文明建设注入新活力。 现场设置的"环保能量站"成为活动亮点之一。虎哥回收的环保专家利用废弃矿泉水瓶等物品制作互 动教 ...

从增长趋势看，2024年新注册登记新能源汽车1125万辆，占新注册登记汽车数量的41.83%，年新 增规模较2019年 （120万辆） 增长了837.50%。 在政策与市场强力驱动下，动力电池回收江湖很可能迎来爆发性增长周期。 首先看市场方面的一组数据。公安部的最新数据显示：截至2024年底，全国新能源汽车保有量达 3140万辆，占汽车总量的8.90%；其中纯电动汽车保有量2209万辆，占新能源汽车保有量的 70.34%。 再看政策方面动态。为进一步加强新能源汽车废旧动力电池综合利用行业管理，引导行业健康发 展，工业和信息化部对《新能源汽车废旧动力蓄电池综合利用行业规范条件（2019年本）》进行 修订，形成《规范条件（2024年本）》，于2024年12月16日发布 （中华人民共和国工业和信息 化部公告2024年第42号） 。 《规范条件》重点聚焦四方面内容： 一是优化技术指标体系。 将冶炼过程锂回收率的技术指标由不低于85%提高至不低于90%，新增 破碎分离后的电极粉料回收率不低于98%、杂质铝含量低于1.5%等技术指标，引导企业强化技术 创新，提升工艺水平。 二是更新完善标准规范。 增补《车用动力电池回收利 ...

Core Insights - The retirement of power batteries in China's first batch of new energy vehicles is approaching, creating a significant market opportunity for battery recycling and utilization [1][4] - The battery recycling industry is projected to become a trillion-yuan market, driven by the increasing volume of retired batteries and the need for sustainable resource management [4][8] Industry Overview - The number of battery recycling-related enterprises in China has reached 172,000, with a continuous growth trend over the past decade [2] - The market for retired battery recycling is expected to exceed 280 billion yuan by 2025, with the volume of retired batteries projected to reach 820,000 tons [4][8] Regional Focus - Shanxi province, as a traditional energy province, is undergoing a green transformation, with companies like DinoSi actively participating in the battery recycling industry [3][5] - The city of Taiyuan has already begun the transition to electric taxis, with approximately 8,000 batteries expected to retire in 2024, leading to significant business opportunities [3] Technological Aspects - The recycling process involves multiple stages, including testing, disassembly, and resource recovery, which require advanced technology and expertise [5][6] - The industry faces challenges such as fluctuating raw material prices and competition from new materials, impacting profit margins for recycling companies [6] Policy and Regulation - The Chinese government is enhancing the regulatory framework for battery recycling, with initiatives aimed at establishing a comprehensive recycling system and monitoring the entire lifecycle of batteries [7][8] - Local policies in Shanxi are being implemented to promote the recycling industry and ensure compliance with national standards [7]

Group 1: 5G Smart Factory Impact - The 5G smart factory has been officially launched after over two years of construction and testing, playing a significant role in the company's smart manufacturing and green transformation [2][3] - Short-term profit enhancement from the 5G smart factory is unlikely due to ongoing adjustments, but it is expected to provide strong momentum for future performance growth [2][3] - The factory achieves a production cycle of 18 seconds per unit and an automation rate of 95%, with energy consumption 20% better than national standards, significantly improving production efficiency and data application [3] Group 2: Trusted Data Space Development - The company is responding to the national "Trusted Data Space Development Action Plan 2024-2028" by building a trusted data space to facilitate data resource sharing and value co-creation [3] - The trusted data space aims to connect various stakeholders in the water industry, enhancing collaboration and promoting high-quality development towards smart and sustainable practices [3] Group 3: Cloud Intelligence Platform - The Cloud Intelligence platform, designed for small and medium-sized water companies, has served over 300 water companies, covering more than 50 million households [4] Group 4: Business Improvement of Tianhe Permanent Magnet - The company has taken over Tianhe Permanent Magnet's operations in 2025, focusing on R&D investment and channel development, achieving a first-pass recovery rate of over 96% for low-content waste materials [5] - The operational status of Tianhe Permanent Magnet is gradually improving through cost control and capacity enhancement [5] Group 5: Market Positioning and Valuation Management - The company emphasizes market management and shareholder returns, focusing on core business, increasing R&D investment, optimizing product structure, and expanding both domestic and international markets to enhance operational performance [5]

在巴西巴拉那州特莱马库博尔巴市，市民法比安带着4岁的儿子一起来到名为"好集市"的可回收物兑换 点，将家里的牛奶盒、易拉罐等可回收垃圾交给工作人员，换回了香蕉、土豆、橙子等食品。"我们通 过兑换活动领取了新鲜蔬菜水果，减少了家庭开支。我希望儿子从小就养成绿色环保的好习惯。"法比 安说。 鼓励回收兑换 发动社会参与 相关数据显示，巴西每年产生约8200万吨垃圾，但利用率相对较低。为改善这一状况，2022年巴西政府 推出"国家固体废弃物计划"，提出到2040年年底将垃圾利用率提高至50%，并逐步关闭部分垃圾填埋 场，通过堆肥、生物处理、能源回收等措施妥善处理垃圾。 在特莱马库博尔巴市，市政机构推出了"好集市"项目。目前已在全市设立26个兑换点，每3公斤的可回 收垃圾能够兑换1公斤水果或蔬菜。2023年，该项目共收集2750吨可回收垃圾，并被运送至当地两家回 收合作社进行后续处理利用。该市公共服务部门负责人毛里西奥表示，越来越多人认识到垃圾回收的重 要性，2024年项目垃圾回收量同比增长30%左右。 在米纳斯吉拉斯州，一家名为"绿色矿业"的初创公司开设了"可持续解决方案回收工厂"，民众将可回收 物带至工厂、分类称重后 ...

Investment Rating - The report maintains an "Increase" rating for the environmental protection industry [1] Core Views - The issuance of the "Ecological Environment Protection Supervision Work Regulations" by the Central Committee of the Communist Party of China and the State Council aims to comprehensively promote the construction of a beautiful China [8] - The solid waste sector is expected to see improved cash flow and increased dividends due to reduced capital expenditures and enhanced operational efficiency [9][12] - The water service sector is experiencing stable growth and high dividends, with water price reforms expected to reshape growth and valuation [12][14] Summary by Sections Solid Waste Management - Capital expenditures are decreasing, leading to significant improvements in free cash flow and increased dividends [9] - Key companies such as Junxin Co. are projected to distribute cash dividends of 507 million yuan in 2024, a 37% increase year-on-year, with a dividend yield of 4.4% [9] - The industry is entering a mature phase, with operational efficiency being enhanced through cost reduction and collaborations in heating and IDC [9][10] Water Services - The water service sector's revenue is projected at 65.5 billion yuan in 2024, with a net profit of 11.2 billion yuan, reflecting a 27% increase [12] - Water price reforms in cities like Guangzhou and Shenzhen are expected to drive a new round of price adjustments, enhancing profitability and stability [13][14] - Companies such as Yuehai Investment are highlighted for their ability to frequently adjust prices, with an expected dividend yield of 6.9% in 2025 [14] Environmental Equipment - The penetration rate of new energy sanitation vehicles increased by 6.14 percentage points to 14.55% in the first four months of 2025, with sales of new energy sanitation vehicles rising by 73% [29] - The total sales of sanitation vehicles reached 24,542 units, with a slight year-on-year decrease of 0.2% [29] Biofuels - The prices of biodiesel and waste cooking oil have decreased, leading to negative profit margins [37][38] - The average price of biodiesel was 7,700 yuan per ton, down 5.5% week-on-week, while waste cooking oil averaged 6,018 yuan per ton, down 1.2% [37] Lithium Battery Recycling - The profitability of lithium battery recycling has slightly declined due to fluctuating metal prices and a decrease in discount coefficients [41][42] - The average unit gross profit for waste material is estimated at -0.71 million yuan per ton [41]

Core Insights - The company reported a total revenue of 4.65 billion yuan for Q1 2025, representing a year-on-year growth of 27.5%, exceeding the high end of the revenue guidance [1][2] - The non-GAAP operating profit reached 110 million yuan, with a year-on-year increase of 39.5%, and the non-GAAP operating profit margin improved to 2.4% [2] - The company has strengthened its offline delivery capabilities, with a total of 1,886 stores across 283 cities and over 1,000 personnel in the delivery team [4] Financial Performance - Total revenue for Q1 2025 was 4.65 billion yuan, with 1P (self-operated) product sales contributing 4.26 billion yuan, a growth of 28.8% year-on-year, while 3P (platform) service revenue was 390 million yuan, up 14.2% [1][2] - Non-GAAP net profit was 78.04 million yuan, with a non-GAAP net profit margin increasing from 0.6% in the same period last year to 1.7% [2] - Cash and cash equivalents, restricted funds, short-term investments, and third-party payment platform account balances totaled 2.78 billion yuan as of the end of Q1 2025, ensuring stable operations [2] Business Development - The company has expanded its multi-category recycling services, with a nearly 200% year-on-year growth in transaction volume and revenue from multi-category recycling [4] - The C2B mobile digital recycling revenue grew over 50% year-on-year, driven by national subsidies and user demand from platforms like JD.com [4] - The company’s拍机堂 (Paimitang) platform has registered over 1 million merchants, with a double-digit year-on-year growth in trading merchants [5] Infrastructure and Service Enhancement - The first offline flagship store of拍机堂 was opened in Shenzhen, featuring a "warehouse-sales integration" model that allows for nearly 10,000 units available for immediate supply [5] - The company has improved its self-operated product retail, with toC revenue from self-operated products increasing by 73.5% year-on-year, and the toC share of 1P revenue rising to 33% [5] - The拍卖 (Pai Pai) consignment business saw a 220% year-on-year increase in sales across all categories, enhancing the experience for small and medium-sized merchants [5]

其中，美国普洛斯公司（Prologis）投资64亿欧元在法国建设数据中心和仓库；MSC地中海邮轮（MSC Cruises）向在法国圣纳泽尔（Saint-Nazaire）的造 船厂订购两艘邮轮，造价35亿欧元；美国企业Circ投资 4.5 亿欧元在法建立其第一家世界级纺织化学品回收工厂，预计创造200个就业岗位；美国亚马逊公 司投资3亿欧元以拓展法国业务，主要涉及仓库建设，预计创造1500个就业岗位。 还有一些项目是今年2月法国举办人工智能行动峰会期间宣布1090亿欧元投资的首批具体项目，来自阿拉伯联合酋长国、美国、加拿大等国大型投资基金 及企业。 当天，马克龙与韩国相关企业负责人就人工智能和能源转型举行了圆桌讨论，并接见了中国电动车企比亚迪执行副总裁李柯、墨西哥企业家Carlos Slim和 沙特阿拉伯Qiddiya投资基金负责人。 （文章来源：新华财经） 新华财经巴黎5月19日电（记者李文昕）法国总统马克龙19日宣布，当天在巴黎近郊凡尔赛宫举行的第八届"选择法国"国际商务峰会共吸引投资200亿欧 元，创下该峰会举办以来的新纪录。 法国每年举办一届"选择法国"国际商务峰会，旨在吸引投资、创造就业。今年峰会主题 ...