Group 1: Industry Overview - The sugarcane industry in China, particularly in Guangxi and Yunnan, is evolving towards a circular economy, aiming to maximize the value derived from sugarcane beyond traditional sugar production [1][2] - Guangxi's sugarcane waste, known as bagasse, is being transformed into high-value materials such as biomass porous carbon for supercapacitors, showcasing innovation in waste utilization [1] - The comprehensive utilization rate of bagasse in Guangxi has reached 100%, indicating a significant advancement in the value chain from paper production to high-end supercapacitor materials [1] Group 2: Company Innovations - Green Cycle New Materials (Yunnan) Co., Ltd. is converting bagasse into biodegradable tableware and packaging materials, expanding its market reach into medical supplies and pet litter [2] - Anqi Yeast (Cruz) Co., Ltd. processes sugar molasses into high-activity dry yeast and yeast extracts, consuming nearly 250,000 tons of molasses annually and exporting products to over 130 countries [2] - Baile Qibao Rum Company is utilizing sugar molasses as a key ingredient for rum production, with an expected annual output value of 500 million yuan from its circular economy industrial park project [3] Group 3: Economic Impact - The circular economy in Guangxi's sugar industry is projected to achieve an output value of 5.4 billion yuan in 2024, reflecting a year-on-year growth of 62.15% and accounting for 13.99% of the total sugarcane industry output [3]