Core Viewpoint - Hong Kong's strong support for the development of the new energy industry is a significant catalyst for the accelerated growth of Jin Jing New Energy (01783) [1][2] Group 1: Government Support and Policy - The Hong Kong government aims to achieve carbon neutrality by 2050, with the new energy industry playing a crucial role [1] - The first large-scale electric vehicle battery recycling facility in Hong Kong is expected to be operational in the first half of 2026, which will convert retired batteries into regenerated black powder for supply to mainland China and surrounding areas [1][2] - The facility, being constructed by Jin Jing New Energy, has received official endorsement from the government, ensuring its smooth production [1][2] Group 2: Market Demand and Strategic Positioning - The battery recycling facility is designed to meet the electric vehicle battery processing needs outlined in Hong Kong's 2035 plan, with an expected trial operation by the end of 2025 [2] - Jin Jing New Energy has secured strategic partnerships with leading global electric vehicle manufacturers to ensure a steady supply of retired batteries, establishing a competitive advantage [2][3] - The rapid growth of electric vehicles in Hong Kong, with approximately 128,600 electric vehicles as of July 2025, necessitates the development of battery recycling and disposal facilities [2][3] Group 3: Future Market Potential - If all private cars are converted to electric vehicles by 2035, the total electric vehicle ownership could reach around 600,000, creating a battery recycling market worth over 100 billion [3] - The Hong Kong government's support for Jin Jing New Energy's facility aligns with the broader trend of new energy industry development [3] Group 4: Global Expansion and Strategic Alliances - Jin Jing New Energy is expanding its global battery recycling service network, with over 70 service points in 28 countries, enhancing local operational capabilities [4] - The establishment of a global battery recycling network platform aims to achieve a recycling capacity of 120,000 tons per year by 2030 [7] - The recent rebranding of a subsidiary to Jin Jing International Development signifies the integration of Jin Jing New Energy's global market network with national policy and resource platforms [6] Group 5: Financial Performance and Growth - Jin Jing New Energy's revenue from reverse supply chain management and environmental services surged by 710.41% to 229 million in the fiscal year ending March 31, 2024 [8] - The revenue for the fiscal year 2025 is projected to reach 696 million, reflecting a year-on-year increase of 204.21%, with this segment accounting for approximately 80% of total revenue [8][9] - The company is poised for explosive growth as it approaches the peak period for battery retirements, with multiple favorable factors contributing to its development [9]

Core Viewpoint - Hong Kong's strong support for the development of the new energy industry is a significant catalyst for the accelerated growth of Jin Jing New Energy (01783) [1] Group 1: Government Support and Industry Growth - The Hong Kong government aims to achieve carbon neutrality by 2050, with the new energy industry playing a crucial role [1][2] - The first large-scale electric vehicle battery recycling facility in Hong Kong, supported by the government, is expected to be operational in the first half of 2026 [1][2] - The facility, being constructed by Jin Jing New Energy, is designed to meet the battery processing needs outlined in Hong Kong's 2035 electric vehicle plan [2][3] Group 2: Market Demand and Strategic Partnerships - The rapid growth of electric vehicles in Hong Kong has led to an increasing demand for battery recycling and disposal facilities [2] - As of July 2025, the total number of electric vehicles in Hong Kong is approximately 128,600, accounting for about 14.3% of all vehicles [2] - Jin Jing New Energy has established strategic partnerships with leading global electric vehicle manufacturers to secure sources of retired batteries, creating a competitive advantage [2][6] Group 3: Global Supply Chain and Strategic Significance - Jin Jing New Energy's operations in Hong Kong are strategically significant for building a global supply chain for recycled resources [4][5] - The company has a presence in over 28 countries with more than 70 service points, enhancing its local operational capabilities [4] - The establishment of a battery disposal facility in Hong Kong is seen as a key initiative for the city's transition to an "international green technology hub" [5] Group 4: Financial Performance and Future Growth - Jin Jing New Energy's revenue from reverse supply chain management and environmental services surged by 710.41% to 229 million yuan in the fiscal year 2024 [8] - The revenue for fiscal year 2025 is projected to reach 696 million yuan, a year-on-year increase of 204.21%, with this segment accounting for approximately 80% of total revenue [8][9] - The company is well-positioned to capitalize on the upcoming peak in battery retirements, with significant growth potential anticipated [9][10]