Core Insights - Baoding Kuanou Recycling Co., Ltd. has been established with a registered capital of 500,000 RMB, indicating a focus on the recycling industry [1] Company Overview - The legal representative of the company is Liu Haibin, which may suggest a centralized leadership structure [1] - The company’s business scope includes general projects such as recycling of renewable resources (excluding production waste metals), recovery of production waste metals, solid waste management, and sales of various machinery and equipment [1] Industry Focus - The company is involved in the recycling of used power batteries from new energy vehicles, which aligns with the growing trend towards sustainable practices in the automotive industry [1] - The company also engages in the sales of electronic products, construction materials, and various types of waste processing, indicating a diversified approach within the recycling sector [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%， ...