Core Viewpoint - The company, Greeenme (格林美), plans to issue H-shares and list on the Hong Kong Stock Exchange to support its global development strategy and enhance its international brand image and competitiveness [1][6]. Group 1: Company Background and Development - Xu Kaihua, the founder of Greenme, transitioned from academia to entrepreneurship in 2001, recognizing the potential in the recycling industry during a visit to Japan [2][3]. - Greenme has established itself as a leader in the recycling of waste batteries and materials, achieving significant market shares in various products, including over 15% in ternary precursor materials and over 20% in cobalt tetroxide products globally [1][7]. - The company has expanded rapidly, with total assets increasing from 19.26 billion to 723.2 billion over 15 years, marking a 36.55-fold growth [6]. Group 2: Financial Performance and Future Goals - In 2024, Greenme reported revenues of 332 billion and a net profit of 10.2 billion, with a 13.67% year-on-year revenue growth in Q1 2025 [6][7]. - The company aims to double its revenue to 600 billion by 2027, indicating a strong growth trajectory and strategic planning for the upcoming years [1][8]. - Greenme's operational footprint includes 16 recycling and manufacturing plants across China and other countries, contributing significantly to the recycling of retired batteries and automotive waste [7]. Group 3: Industry Position and Collaborations - Greenme is deeply involved in global supply chain collaborations with major companies such as Samsung, CATL, and BYD, enhancing its competitive edge in the industry [7]. - The company has positioned itself as a key player in the circular economy, with a focus on sustainable practices and technological advancements in recycling [3][6].