Core Viewpoint - The report highlights significant growth in China's waste resource recycling industry, with a notable increase in export value and a positive trend projected for the coming years [1]. Industry Summary - In July 2025, the export value of the waste resource recycling industry reached 700 million yuan, marking a year-on-year increase of 65.7% [1]. - From January to July 2025, the cumulative export value of the industry was 4.43 billion yuan, reflecting a year-on-year growth of 31.8% [1]. - The report provides a comprehensive analysis of the competitive landscape and industry trends from 2025 to 2031, indicating a robust market outlook [1]. Company Summary - Listed companies in the waste resource recycling sector include: Greenme (002340), Huicheng Environmental (300779), Shenwu Energy Saving (000820), Farsen (000890), Yingfeng Environment (000967), Chuhuan Technology (001336), Longjing Environmental (600388), Fida Environmental (600526), Yutong Heavy Industry (600817), and Jingjin Equipment (603279) [1].

Core Viewpoint - Greeenmei (SZ 002340) announced the convening of its seventh board meeting on August 27, 2025, to review the 2025 semi-annual report and summary [1] Group 1: Company Financials - For the year 2024, Greeenmei's revenue composition is as follows: 77.6% from new energy battery materials and 22.4% from waste resource comprehensive utilization [1]

Core Viewpoint - The company is focused on the application of new technologies in the field of waste resource recycling and aims to enhance its core competitiveness through continuous optimization of products and services [1] Group 1 - The company is paying close attention to the application of new technologies in waste resource recycling [1] - The company plans to optimize its products and services based on market demand and its own business realities [1] - The company aims to improve the entire value chain from "front-end recycling to mid-end sorting, decomposition, and back-end utilization" through technological upgrades such as increasing automation levels [1]

Group 1 - The State Intellectual Property Office of China has granted a patent for a "Battery Module Crushing Equipment" to Quzhou Huayou Resource Recycling Technology Co., Ltd. and Zhejiang Huayou Cobalt Co., Ltd. The patent was authorized under announcement number CN223263956U, with an application date of October 2024 [1] - The patent describes a complete set of equipment for crushing battery modules, which includes a crane, a feeding device suspended from the crane, and a first crushing device with a main body, a buffer bin, and a discharge bin [1] - Quzhou Huayou Resource Recycling Technology Co., Ltd. was established in 2017, focusing on comprehensive utilization of waste resources, with a registered capital of 1.138 billion RMB. The company has participated in 47 bidding projects and holds 66 patents [1] Group 2 - Zhejiang Huayou Cobalt Co., Ltd. was founded in 2002 and is primarily engaged in non-ferrous metal smelting and rolling processing, with a registered capital of 1.701 billion RMB. The company has invested in 59 enterprises and holds 540 patents [2] - The company has participated in 36 bidding projects and possesses 65 trademark registrations, along with 36 administrative licenses [2]

Core Viewpoint - The company has established a system for accountability regarding significant errors in annual report disclosures to enhance the quality and transparency of its financial reporting [1][2][3] Group 1: General Principles and Responsibilities - The system aims to ensure the authenticity, accuracy, completeness, and timeliness of annual report disclosures, adhering to relevant laws and regulations [1][2] - The responsibilities of senior management, including the general manager and financial officer, are clearly defined in the preparation and review of the annual report [6][7] Group 2: Accountability for Significant Errors - Significant errors in annual report disclosures include major accounting mistakes, substantial omissions, and discrepancies in performance forecasts [3][4] - The system outlines the conditions under which individuals may be held accountable for significant errors, including direct responsibility for data accuracy and leadership responsibility for oversight [8][9] Group 3: Criteria for Major Discrepancies - Major discrepancies in performance forecasts are defined as deviations exceeding 20% from expected results, while discrepancies in performance reports are defined as differences greater than 10% [10][11] - The system specifies that severe consequences apply for errors caused by subjective factors or failure to correct mistakes promptly [12][13] Group 4: Mitigating and Aggravating Circumstances - Factors that may lead to reduced penalties include proactive measures to prevent negative outcomes and timely corrections of errors [14][15] - The system allows for the consideration of the circumstances surrounding the errors, including whether they were due to external factors beyond individual control [16][17] Group 5: Implementation and Oversight - The board of directors is responsible for interpreting and revising the accountability system, which will take effect upon approval [20][21]

Group 1 - A new company named Qianxinan Hongsheng Recycling Resources Co., Ltd. has been established with a registered capital of 50 million RMB [1] - The company is wholly owned by Qianxinan Jinong Ecological Industry Development Co., Ltd. [1] - The legal representative of the company is Qin Dezhe [1] Group 2 - The business scope includes solid waste management, recycling of renewable resources (excluding production waste metals), and ecological environmental material manufacturing and sales [1] - The company is also involved in electric vehicle charging infrastructure operation, solar power technology services, and renewable resource processing [1] - The company is registered in the manufacturing industry, specifically in the comprehensive utilization of waste resources and processing of metal waste and scrap [1]

Group 1 - The core viewpoint of the article highlights the growth in the number of enterprises engaged in waste resource recycling in China, with a total of 4,085 companies reported in the first half of 2025, marking an increase of 348 companies or a year-on-year growth of 9.31% [1] - The report indicates that the proportion of these enterprises within the total industrial enterprises stands at 0.79% [1] - The data referenced in the article is sourced from the National Bureau of Statistics and organized by Zhiyan Consulting [3] Group 2 - The companies mentioned in the article include Greenme (002340), Huicheng Environmental Protection (300779), Shenwu Energy Saving (000820), Farsen (000890), Yingfeng Environment (000967), Chuhuan Technology (001336), Longjing Environmental Protection (600388), Fida Environmental Protection (600526), Yutong Heavy Industry (600817), and Jingjin Equipment (603279) [1]

Group 1 - The core viewpoint of the article highlights the growth in the waste resource recycling industry in China, with a notable increase in the number of enterprises engaged in this sector [1]. - As of January to May 2025, there are 4,065 enterprises in the waste resource comprehensive utilization industry, which is an increase of 357 enterprises compared to the same period last year, representing a year-on-year growth of 9.63% [1]. - The proportion of these enterprises in the total industrial enterprises stands at 0.78% [1]. Group 2 - The report referenced is from Zhiyan Consulting, which provides insights into the competitive landscape and industry trends of the waste resource recycling sector in China from 2025 to 2031 [1].

Core Points - The document outlines the internal reporting system for significant events at Greenmei Co., Ltd, ensuring timely and accurate disclosure of information in compliance with relevant laws and regulations [1][12] - The reporting obligations apply to various personnel and departments within the company, including subsidiaries and shareholders, to maintain transparency and accountability [2][3] Reporting Obligations - The internal reporting system mandates that any significant event that may impact the company's stock price must be reported immediately to the board of directors and relevant executives [3][4] - Specific individuals responsible for reporting include the board of directors, board secretary, senior management, and other designated personnel [3][4] Scope of Significant Events - Significant events that require reporting include board resolutions, major transactions (such as asset purchases or sales), financial assistance, and any legal issues involving substantial amounts [5][6] - The document specifies various scenarios that necessitate reporting, including investigations by regulatory authorities, major operational disruptions, and changes in company structure or governance [5][6][7] Reporting Procedures - The reporting process involves notifying the board secretary on the same day the significant event is known, followed by a formal submission of relevant documents [11] - The board secretary is responsible for analyzing reported events and determining if they require public disclosure [11][12] Responsibilities and Penalties - All departments and subsidiaries must adhere strictly to the reporting requirements, with penalties for non-compliance including disciplinary actions and potential legal consequences [17][18] - The board of directors is tasked with interpreting and revising the reporting system as necessary to align with legal and regulatory changes [12][18]

General Provisions - The purpose of the Nomination Committee's working rules is to standardize the selection of directors and senior management, optimize the composition of the board, and improve corporate governance structure in accordance with relevant laws and regulations [1][2] - The Nomination Committee is a specialized working body established by the board of directors, responsible for formulating selection criteria and procedures for directors and senior management, searching for candidates, and making recommendations [1][2] Composition of the Nomination Committee - The Nomination Committee consists of three directors, with a majority being independent directors [2] - The nomination methods for committee members include nominations by the chairman, a majority of independent directors, or more than one-third of all directors [2] Responsibilities and Authority - The Nomination Committee has the authority to propose suggestions regarding the size and composition of the board based on the company's operational activities, asset scale, and shareholding structure [2][3] - It is responsible for researching and formulating selection criteria and procedures for directors and senior management, as well as recommending qualified candidates [2][3] Meeting Procedures - The Nomination Committee meetings can be convened by the chairperson or upon proposal by committee members, requiring at least two-thirds of the members to be present for the meeting to be valid [4][5] - Meeting notifications must be sent at least five days in advance, detailing the date, location, agenda, and date of notification [4][5] Voting and Decision-Making - Each committee member has one vote, and decisions require a majority approval from all members present [6][7] - If a member has a direct or indirect interest in the agenda, they must abstain from voting, and if the number of attendees falls below three, the matter must be submitted to the board for review [6][7] Miscellaneous - The working rules are subject to interpretation and revision by the board of directors, and any matters not covered will follow national laws and regulations [8]