Core Points - Qingdao Zeping Investment Co., Ltd. plans to transfer 51% equity of Qingdao Zeping New Industry Park Management Co., Ltd. with the transfer price to be determined [1] Group 1: Company Overview - Qingdao Zeping New Industry Park Management Co., Ltd. was established in May 2023 with a registered capital of 1 million yuan, where Zeping Investment holds 51% and Zhejiang New Environmental Technology Co., Ltd. holds 49% [2] - The company reported zero revenue for 2025 and has not commenced actual business operations [2] Group 2: Major Shareholders - Zeping Investment is a state-owned enterprise indirectly controlled by the Pingdu State-owned Assets Management Service Center [3] - Zhejiang New Environmental Technology Co., Ltd. is a shareholder of Qingdao New Environmental Technology Co., Ltd., which is listed on the New Third Board [3] Group 3: Financial Performance - Zhejiang New Environmental Technology Co., Ltd. reported revenues of 404 million yuan and 36.48 million yuan for 2024 and the first half of 2025, respectively, showing declines of 16.48% and 88.44% year-on-year [3] - The company also reported net losses of 12.33 million yuan for 2024 and a profit of 3.56 million yuan for the first half of 2025 [3] - The half-year report for 2025 was not audited by an accounting firm [3] Group 4: Business Challenges - The significant decline in revenue for the first half of the year was attributed to a business structure adjustment, with no recycling resource trading activities conducted during that period [4]

Core Insights - Lianyungang Panbao Recycling Resources Co., Ltd. has been established with a registered capital of 100,000 RMB, indicating a new player in the recycling industry [1] Company Overview - The legal representative of the company is Huang Xiaobao, suggesting a potential leadership direction and vision for the company [1] - The company’s business scope includes a variety of activities such as recycling and sales of renewable resources, solid waste management, and environmental consulting services [1] Industry Implications - The establishment of this company reflects a growing trend in the recycling and environmental protection sector, particularly in the context of increasing demand for sustainable practices [1] - The inclusion of services related to the recycling of electric vehicle batteries and agricultural machinery indicates a focus on emerging markets and technologies within the recycling industry [1]

Group 1 - A new company, Gao'an Yiding Recycling Resources Co., Ltd., has been established with a registered capital of 1.5 million RMB [1] - The legal representative of the company is Li Cheng [1] - The business scope includes general projects such as recycling of renewable resources (excluding production waste metals), sales of renewable resources, processing of renewable resources, and research and development of resource recycling technology [1] Group 2 - The company is also involved in the sale of machinery and equipment, sales of metal materials, processing of non-metallic waste and scraps, and sales of pulp (excluding projects that require approval) [1] - The company operates independently based on its business license [1]

Core Viewpoint - Gansu Yuanhe Recycling Resources Co., Ltd. has been established with a registered capital of 5 million RMB, focusing on various recycling and resource utilization activities [1] Company Summary - The legal representative of Gansu Yuanhe Recycling Resources Co., Ltd. is Chen Pai [1] - The company has a registered capital of 5 million RMB [1] - The business scope includes general projects such as recycling of renewable resources (excluding production waste metals), sales of renewable resources, and recycling of production waste metals [1] - The company is involved in technology research and development for resource recycling, processing of renewable resources, and various technical services [1] - It also engages in energy management services, processing of metal waste and scraps, and construction earthwork [1] - The company offers leasing of machinery and equipment (excluding financial leasing) and sales of various products including construction steel, chemical products (excluding licensed chemical products), metal materials, hardware products, office supplies, plastic products, and daily necessities [1] - The company is authorized to operate hazardous waste management and urban construction waste disposal (transportation) upon approval from relevant authorities [1]

Core Viewpoint - Recently, the establishment of Qinghai Hequ Green Energy Recycling Resources Co., Ltd. was reported, focusing on various aspects of recycling and resource utilization [1] Company Summary - The company is registered with a capital of 450,000 RMB and is represented by Li Xin [1] - Its business scope includes general projects such as recycling resource processing, sales, and recovery, excluding production waste metals [1] - The company is involved in the research and development of resource recycling technology and the harmless treatment of food waste [1] Industry Summary - The company engages in the processing of metal and non-metal waste materials, as well as the sale of environmental protection equipment [1] - It offers a range of technical services including development, consulting, and technology transfer [1] - The company also focuses on the sale of photovoltaic equipment and components, as well as the development of energy recovery systems [1] - It is involved in the recycling of used power batteries from new energy vehicles, excluding hazardous waste operations [1] - The company is authorized to handle waste electrical and electronic products, hazardous waste, and kitchen waste, subject to relevant approvals [1]

Core Viewpoint - The establishment of Hong'an Taotao Recycling Co., Ltd. indicates a growing focus on the recycling and resource recovery industry in China, reflecting the government's emphasis on environmental sustainability and resource utilization [1] Company Summary - Hong'an Taotao Recycling Co., Ltd. has been registered with a legal representative named Wang Tao and a registered capital of 100,000 RMB [1] - The company’s business scope includes general projects such as recycling resource sales, recycling resource recovery (excluding production waste metals), recycling resource processing, and technology research and development for resource recycling [1] - The company is also involved in various services including water pollution prevention, industrial animal fat chemical sales and manufacturing, non-edible plant oil processing and sales, and environmental sanitation management [1] Industry Summary - The establishment of this company aligns with the broader trend of increasing investment in recycling and resource recovery sectors, which are critical for sustainable development [1] - The inclusion of specific licensed projects, such as kitchen waste treatment, highlights the regulatory framework governing waste management and recycling in the industry [1]

Core Viewpoint - The establishment of Xiangyang Qiancheng Renewable Resources Co., Ltd. indicates a growing focus on recycling and waste management in the region, particularly in the context of new energy vehicles and electronic waste [1] Company Summary - Xiangyang Qiancheng Renewable Resources Co., Ltd. has been recently established with a registered capital of 50,000 RMB [1] - The company is involved in various activities including the recycling of production waste metals, sales and processing of renewable resources, and the recovery and secondary utilization of used power batteries from new energy vehicles [1] - The company also engages in non-metal waste processing, wood acquisition, and solid waste management, showcasing a diverse operational scope [1] Industry Summary - The company operates in the broader context of renewable resource recovery and waste management, which is increasingly important due to environmental regulations and the rise of electric vehicles [1] - The range of services includes general waste recycling, electronic component wholesale, and battery leasing, reflecting a comprehensive approach to resource management [1] - The inclusion of licensed projects such as road cargo transportation and the dismantling of scrapped vehicles indicates compliance with regulatory requirements in the waste management sector [1]

Core Viewpoint - Zhengzhou Tank Zinc Recycling Resources Co., Ltd. has been established with a registered capital of 500,000 RMB, focusing on various recycling and resource recovery activities [1] Company Summary - The legal representative of the company is Sun Bohong [1] - The company’s registered capital is 500,000 RMB [1] - The business scope includes general projects such as recycling of renewable resources (excluding production waste metals), sales of renewable resources, sales of paper products, sales of pulp, sales of plastic products, sales of metal materials, retail of hardware products, solid waste management, sales of ecological environment materials, sales of environmental protection specialized equipment, and recycling and secondary utilization of used power batteries from new energy vehicles (excluding hazardous waste operations) [1] - The company is also involved in the research and development of resource recycling technology, labor services (excluding labor dispatch), domestic cargo transportation agency, cargo packing services, and general cargo warehousing services (excluding hazardous chemicals) [1] - The company is permitted to conduct road cargo transportation (excluding hazardous goods) after obtaining the necessary approvals from relevant departments [1]

天眼查App显示，近日，赣州焕源再生资源回收利用有限公司成立，法定代表人为邹隆辉，注册资本50 万人民币，经营范围为一般项目：再生资源回收（除生产性废旧金属），再生资源加工，再生资源销 售，资源再生利用技术研发，有色金属合金销售，有色金属合金制造，有色金属压延加工，高性能有色 金属及合金材料销售，金属链条及其他金属制品制造，金属制品销售，金属制品修理，化工产品销售 （不含许可类化工产品），五金产品批发，五金产品零售，电子元器件与机电组件设备销售，电线、电 缆经营（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Viewpoint - The company plans to utilize up to 200 million yuan of temporarily idle raised funds for cash management, ensuring that this will not affect the progress of investment projects or normal operations [1] Group 1 - The board and supervisory board will convene on August 28, 2025, to review the cash management proposal [1] - The investment will focus on high safety and liquidity products that meet capital preservation requirements, including but not limited to principal-protected financial products, structured deposits, and reverse repos of government bonds [1] - The cash management will have a validity period of 12 months, with funds being able to be rolled over within the specified limit [1]