Company Overview - Chenzhou Fengsheng Waste Material Recycling Co., Ltd. has been established with a registered capital of 2.8 million RMB [1] - The legal representative of the company is Luo Zhongxin [1] Business Scope - The company is involved in various licensed projects including building demolition (excluding blasting operations), construction engineering, residential interior decoration, and the recycling and dismantling of scrapped electric vehicles and motor vehicles [1] - General projects include recycling of renewable resources (excluding production waste metals), sales of renewable resources, house demolition services, earth and stone engineering construction, research and development of resource recycling technology, and sales of construction materials and hardware products [1]

Group 1 - A new company named Shuangbai Caiyin Waste Material Recycling Business has been established, with a registered capital of 100,000 RMB [1] - The legal representative of the company is Zhang Guiyin, indicating a personal ownership structure [1] - The business scope includes licensed projects such as recycling of renewable resources (excluding production waste metals), construction engineering, and road cargo transportation (excluding hazardous goods) [1] Group 2 - General projects include the recycling of production waste metals, sales of renewable resources, processing of renewable resources, and services related to the treatment and utilization of agricultural straw [1] - The company is also involved in the research and development of organic fertilizers, resource utilization technology for agricultural and forestry waste, and sales of related products [1] - Additional activities include landscaping engineering, urban greening management, earthwork engineering, and sales of construction materials [1]

Group 1 - A new company named Wuan City Niu Zhifeng Waste Material Recycling Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Niu Zhifeng [1] - The business scope includes sales of recycled resources, plastic products, metal products, metal materials, metal ores, wood, non-metallic minerals and products, electronic products, hardware products, tires, rubber products, wires, cables, and sales of non-ferrous metal alloys [1]

Group 1 - The "reverse invoicing" policy has been implemented to support the recycling industry, allowing resource recovery companies to issue invoices to individuals selling scrap products, effectively addressing the long-standing issue of "missing source invoices" in the industry [1][2] - As of June 30, 2023, 13,300 resource recovery companies issued invoices amounting to 515.2 billion yuan, with 5.11 million invoices issued, demonstrating the policy's positive impact on the circular economy [1] - The policy encourages more enterprises and individuals to participate in waste recycling, supporting the implementation of the "Two New" policies and promoting the development of the circular economy [2][3] Group 2 - A scrap vehicle recycling company reported a significant increase in its operations, with an expected processing volume of 20,000 vehicles this year, representing over 100% growth, attributed to the "reverse invoicing" policy [2] - The policy has led to a 58% year-on-year increase in the sales of recycled construction waste materials, enhancing the resource utilization rate and fostering collaboration across the supply chain [3] - In the first four months of the year, the domestic scrap vehicle recovery volume reached 2.767 million units, a 65% year-on-year increase, while the recovery of discarded household appliances and electronic products also saw significant growth [4]