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]