Core Insights - Greeenme has decided to optimize its assets in electronic waste recycling and plastic regeneration business by transferring 100% equity of its wholly-owned subsidiary, Jiangxi Green Recycling Materials Co., Ltd. to Henan Recycling Technology Industry Group for a total consideration of 828 million yuan [1][2] Group 1: Company Actions - The equity transfer includes a payment of 280 million yuan for the equity and 682 million yuan for the debt [1] - After the transfer, Greenme will no longer hold any equity in Jiangxi Green Recycling Materials and will focus on developing its key metal resource recycling business [1] Group 2: Industry Position - Greenme is recognized as a leading enterprise in the global recycling of key metal resources, having established a comprehensive circular economy industry chain [2] - The company has achieved high-quality recycling of over 20 types of key metal resources, including nickel, cobalt, lithium, tungsten, copper, manganese, gold, silver, platinum, germanium, gallium, and scandium [2] - Greenme has built the largest recycling base for nickel, cobalt, and tungsten key metal resources globally [2]

Core Viewpoint - Gree Environmental Protection (格林美) is optimizing its assets in electronic waste recycling and plastic regeneration by transferring 100% equity of its subsidiary, Jiangxi Gree Recycling Materials Co., Ltd., to Henan Recycling Technology Industry Group for a total consideration of 9.62 billion yuan [1][2] Group 1: Asset Transfer Details - The equity transfer agreement involves a payment of 280 million yuan for the equity and 682 million yuan for the debt [1] - Jiangxi Gree Recycling Materials was established in June 2023 with a registered capital of 310 million yuan, focusing on electronic waste processing and resource recycling [1] Group 2: Financial Performance - In 2024, Jiangxi Gree Recycling Materials reported a revenue of 28.08 million yuan with a net loss of 10.68 million yuan for the first three quarters [1] - For the first nine months of 2025, Gree Environmental Protection achieved a revenue of 27.498 billion yuan, a year-on-year increase of 10.55%, and a net profit of 1.109 billion yuan, up 22.66% [2] - In Q3 2025, the company reported a revenue of 9.937 billion yuan, reflecting a 31.89% year-on-year growth, and a net profit of 310 million yuan, an increase of 52.99% [2] Group 3: Strategic Focus - Post-transfer, Gree Environmental Protection will focus on developing key metal resource recycling to enhance its technological advantages and support sustainable supply in critical mineral sectors [2] - The company has established itself as a leader in global key metal resource recycling, creating a comprehensive industrial chain for high-quality recycling of over 20 critical metals [2]