Core Viewpoint - A new company, Handan Yuxin Recycling Co., Ltd., has been established, focusing on various aspects of recycling and resource recovery [1] Company Summary - The company is registered with a capital of 2 million RMB [1] - The legal representative of the company is Zhang Zhibin [1] Business Scope - The company engages in general projects including recycling of renewable resources (excluding production waste metals) [1] - It also involves processing and sales of renewable resources, as well as research and development of resource recycling technologies [1] - Additionally, the company handles the recycling of production waste metals and the processing of non-metal waste and scraps (excluding projects that require approval) [1]

Group 1 - Guangxi Minggang Recycling Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Lü Fengping [1] - The company's business scope includes general operations such as recycling resource sales, processing, and recovery [1] Group 2 - The company is involved in the research and development of resource recycling technology [1] - It provides operational services for rural household waste and sells construction materials and daily necessities [1] - The company has specific licensed operations for scrapping and recycling of abandoned vehicles, handling of waste electrical and electronic products, and disposal of hazardous waste [1]

Core Viewpoint - The establishment of Handan Qize Recycling Co., Ltd. indicates a growing focus on the recycling industry in Handan, China, with a registered capital of 5 million RMB and a diverse range of business activities related to recycling and resource recovery [1] Company Summary - Handan Qize Recycling Co., Ltd. has been recently established with a legal representative named Wu Xiaogang [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), processing and sales of renewable resources, and recovery of production waste metals [1] Industry Summary - The company operates in the recycling industry, which is increasingly important for sustainable resource management [1] - The range of services includes not only recycling but also sales of machinery and equipment, wholesale of hardware products, and leasing of batteries [1]

Core Insights - A new company, Ordos Tengyuan Recycling Resources Co., Ltd., has been established with a registered capital of 5 million RMB [1] - The legal representative of the company is Gao Yejun [1] - The company's business scope includes sales, processing, and recycling of renewable resources, as well as various sales of metal and building materials [1] Company Overview - The registered capital of Ordos Tengyuan Recycling Resources Co., Ltd. is 5 million RMB [1] - The company is involved in general projects such as recycling and sales of renewable resources, excluding production waste metals [1] - The company also offers demolition services and sales of various materials including metal and building materials [1] Regulatory Compliance - The company is required to obtain approval from relevant authorities for certain projects before commencing operations [1] - Specific business activities are subject to approval and must align with the licenses issued by relevant departments [1]

Core Viewpoint - Wanqing Energy, established in 2006 and listed in 2012, operates in the natural gas industry, focusing on transportation, processing, sales, and installation services, with a regional resource advantage [1] Group 1: Business Performance - For Q3 2025, Wanqing Energy reported revenue of 482 million yuan, ranking 29th among 31 companies in the industry, while the industry leader, New Hope Group, achieved revenue of 95.856 billion yuan [2] - The net profit for the same period was 63.0548 million yuan, placing the company 21st in the industry, with the top performer, Jiufeng Energy, reporting a net profit of 1.254 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Wanqing Energy's debt-to-asset ratio was 12.82%, significantly lower than the industry average of 46.36%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 21.68%, down from 27.00% year-on-year, but still above the industry average of 16.52%, reflecting good profitability [3] Group 3: Leadership - The chairman, Zhong Zhigang, born in December 1967, took office in January 2025, while the general manager, Song Yinglong, born in January 1984, has been in his position since July 2025 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 17.64% to 19,200, while the average number of shares held per shareholder decreased by 15.00% to 13,700 shares [5]

Core Viewpoint - Baoding Yixin Recycling Resources Co., Ltd. has been established with a registered capital of 1 million RMB, focusing on various recycling and resource utilization activities [1] Company Summary - The legal representative of Baoding Yixin Recycling Resources Co., Ltd. is Xing Pengyuan [1] - The company has a registered capital of 1 million RMB [1] - The business scope includes general projects such as recycling of renewable resources (excluding production waste metals), processing and sales of renewable resources, and research and development of resource recycling technologies [1] Industry Summary - The company engages in the recycling of non-metal waste and scrap processing, sales of new metal functional materials, and sales of metal ores and alloys [1] - It also includes sales of high-performance non-ferrous metals and alloy materials, as well as sales of construction materials (excluding projects that require approval) [1]

Core Insights - A new company named Chaozhou Zhanmei Recycling Station has been established with a registered capital of 50,000 RMB [1] Group 1: Company Overview - Chaozhou Zhanmei Recycling Station is a sole proprietorship [1] - The company is engaged in various activities related to recycling and processing of resources [1] Group 2: Business Scope - The business scope includes sales of recycled resources, processing of recycled resources, and recycling of non-production waste metals [1] - Additional activities include the recovery of agricultural machinery, harmless treatment of food waste, processing of non-metallic waste and debris, and sales of metal and plastic products [1]

Core Viewpoint - Recently, Lufeng Hongxiang Recycling Resources Co., Ltd. was established with a registered capital of 1 million RMB, focusing on recycling and processing of renewable resources [1] Company Summary - The legal representative of the company is Zhang Meiying [1] - The registered capital is 1 million RMB [1] - The company is involved in the recycling of renewable resources, excluding production waste metals [1] - The company can operate general projects such as recycling and processing of renewable resources, sales of renewable resources, and recovery and dismantling of scrapped agricultural machinery [1] Industry Summary - The company operates under the licensing requirements for recycling resources, indicating a regulated industry [1] - The activities include both licensed and general projects, suggesting a diverse operational scope within the recycling sector [1]

Core Viewpoint - Recently, Liyang Lanyue Recycling Resources Co., Ltd. was established with a registered capital of 1 million RMB, focusing on various recycling and resource processing activities [1] Company Summary - The legal representative of the newly established company is Yuan Hao [1] - The registered capital of the company is 1 million RMB [1] - The company is involved in multiple business areas including the sale, processing, and recycling of renewable resources [1] Business Scope - The company’s licensed projects include building demolition operations (excluding blasting operations), which require approval from relevant authorities before commencement [1] - General projects include the sale of renewable resources, processing of renewable resources, and recycling of non-production waste metals [1] - The company also engages in the processing of metal waste and scraps, recovery of production waste metals, and processing of non-metal waste and scraps [1] - Additional activities include the sale of plastic products, metal products, and the recycling and secondary utilization of used power batteries from new energy vehicles (excluding hazardous waste operations) [1]

Core Viewpoint - Hefei Chenliang Recycling Resources Co., Ltd. has been established with a registered capital of 1 million RMB, focusing on various recycling and resource utilization services [1] Company Summary - The legal representative of the company is Chen Liang [1] - The registered capital of the company is 1 million RMB [1] - The business scope includes general business projects such as recycling resource sales, processing, and recovery (excluding production waste metals) [1] - The company also engages in technology consulting for resource recycling, research and development for resource regeneration technology, and harmless utilization of agricultural and forestry waste [1] - Additional activities include processing of metal and non-metal waste materials, sales of environmental protection equipment, metal materials, and electronic components [1]