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[ Star Enterprise of Chemical Machinery and Equipment Network ] On April 28, Green Cycle, a subsidiary of GEM Holding, signed an agreement with the People's Government of Fengcheng City, Jiangxi Province in order to promote the listing process and accelerate the green transformation and upgrading of the recycling, dismantling and recycling of electronic waste.
The "Investment Contract for the Recycling of Renewable Resources such as the Modified Intelligent Manufacturing of Waste Plastics.
"
Chemical machinery and equipment network star enterprise chemical machinery and equipmentThe "Investment Contract for the Recycling of Renewable Resources such as the Modified Intelligent Manufacturing of Waste Plastics.
"
On May 1, GEM (002340) said in an interactive exchange with investors that the company is actively promoting the business spin-off with e-waste as the main body, and plans to formally declare in May.
The spin-off and listing of e-waste is a major value enhancement project implemented by the company, which will promote the effective implementation of GEM's "urban mine + new energy materials" dual-track drive strategy.
After this spin-off and listing, Green Cycle remains a subsidiary within the scope of the company’s consolidated financial statements.
Green Cycle’s financing capabilities will be strengthened, and its business scale, innovation capabilities, and profitability will rapidly increase, which will help improve the company’s future The overall profitability level promotes the value enhancement of GEM.
The spin-off and listing of e-waste is a major value enhancement project implemented by the company, which will promote the effective implementation of GEM's "urban mine + new energy materials" dual-track drive strategy.
After this spin-off and listing, Green Cycle remains a subsidiary within the scope of the company’s consolidated financial statements.
Green Cycle’s financing capabilities will be strengthened, and its business scale, innovation capabilities, and profitability will rapidly increase, which will help improve the company’s future The overall profitability level promotes the value enhancement of GEM.
It is worth noting that on April 28, Green Cycles, a subsidiary of GEM Holdings, accelerated the green transformation and upgrading of e-waste recycling, dismantling and recycling business in order to promote the listing process, and promote e-waste recycling business and waste plastic recycling.
The rapid development and expansion of business, the establishment of a globally competitive "e-waste recycling and dismantling-waste plastic recycling-metal recycling" e-waste recycling industry chain, and the People's Government of Fengcheng City, Jiangxi Province signed the "Waste Plastic Modification Smart Investment Contract for the Recycling of Renewable Resources such as Manufacturing.
The rapid development and expansion of business, the establishment of a globally competitive "e-waste recycling and dismantling-waste plastic recycling-metal recycling" e-waste recycling industry chain, and the People's Government of Fengcheng City, Jiangxi Province signed the "Waste Plastic Modification Smart Investment Contract for the Recycling of Renewable Resources such as Manufacturing.
Green Cycle plans to invest a total of 2.
06 billion yuan to invest in a comprehensive utilization project of renewable resources in the recycling park.
Among them, the intelligent manufacturing project with an annual output of 100,000 tons of waste plastics modified pellets, with a total investment of 290 million yuan; an annual production of 30,000 tons of fully biodegradable plastic intelligent manufacturing projects with a total investment of 350 million yuan; annual dismantling of 150,000 tons of scrap" "Non-government fund subsidies" electronic and electrical projects, with a total investment of 250 million yuan; a green recycling project for processing 30,000 tons of waste circuit boards to extract rare and precious metals, with a total investment of 590 million yuan; a construction project with an annual output of 100,000 tons of secondary aluminum, with a total investment 430 million yuan; the engineering technology research center project of polymer material recycling, with a total investment of 150 million yuan.
06 billion yuan to invest in a comprehensive utilization project of renewable resources in the recycling park.
Among them, the intelligent manufacturing project with an annual output of 100,000 tons of waste plastics modified pellets, with a total investment of 290 million yuan; an annual production of 30,000 tons of fully biodegradable plastic intelligent manufacturing projects with a total investment of 350 million yuan; annual dismantling of 150,000 tons of scrap" "Non-government fund subsidies" electronic and electrical projects, with a total investment of 250 million yuan; a green recycling project for processing 30,000 tons of waste circuit boards to extract rare and precious metals, with a total investment of 590 million yuan; a construction project with an annual output of 100,000 tons of secondary aluminum, with a total investment 430 million yuan; the engineering technology research center project of polymer material recycling, with a total investment of 150 million yuan.
It is reported that in 2020, GEM will achieve a revenue of 12.
5 billion yuan, a net profit of 413 million yuan, an increase of 15.
86% in operating cash flow against the trend, breakthroughs in core business technology and quality, and a ternary precursor gross profit margin of 24.
03%, ranking top in the industry The production capacity of the core business has been expanded significantly.
The ternary precursor has formed a production capacity of 130,000 tons/year, and the cobalt tetroxide has formed a production capacity of 25,000 tons/year; it controls the controlling rights of the Indonesian nickel resource project and builds a lasting surging nickel resource driving force; business spin-off, Reducing complexity and simplifying, the value has been greatly improved; the share-holding company Oukeyi has succeeded in science and technology, and the value of industrial chain investment has begun to show.
5 billion yuan, a net profit of 413 million yuan, an increase of 15.
86% in operating cash flow against the trend, breakthroughs in core business technology and quality, and a ternary precursor gross profit margin of 24.
03%, ranking top in the industry The production capacity of the core business has been expanded significantly.
The ternary precursor has formed a production capacity of 130,000 tons/year, and the cobalt tetroxide has formed a production capacity of 25,000 tons/year; it controls the controlling rights of the Indonesian nickel resource project and builds a lasting surging nickel resource driving force; business spin-off, Reducing complexity and simplifying, the value has been greatly improved; the share-holding company Oukeyi has succeeded in science and technology, and the value of industrial chain investment has begun to show.
In the first quarter of 2021, GEM achieved revenue of 3.
7 billion yuan and net profit of 280 million yuan, a year-on-year increase of more than 150%.
The company's core product ternary precursor produced and sold approximately 20,000 tons, and cobalt tetroxide produced and sold approximately 5,100 tons; the production and sales scale of other core businesses such as electronic waste increased significantly; the price of nickel and cobalt rose sharply in the first quarter, which promoted both production and sales.
The superposition of the three factors effectively promoted the company's overall performance in the first quarter.
7 billion yuan and net profit of 280 million yuan, a year-on-year increase of more than 150%.
The company's core product ternary precursor produced and sold approximately 20,000 tons, and cobalt tetroxide produced and sold approximately 5,100 tons; the production and sales scale of other core businesses such as electronic waste increased significantly; the price of nickel and cobalt rose sharply in the first quarter, which promoted both production and sales.
The superposition of the three factors effectively promoted the company's overall performance in the first quarter.
In terms of power battery recycling business, GEM is actively constructing a "2+N" waste battery recycling system in accordance with the strategy of "signing 50% and recycling 30%".
It is the first to propose the construction of primary terminal recycling, secondary recycling storage and transportation, and tertiary recycling.
The “ditch, river, river, and sea” national recycling network system of dismantling, cascade utilization, and four-level recycling will continue to build a recycling channel for retired power batteries from the “capillary end” to the “trunk end”.
Currently, it has cooperated with more than 280 vehicles worldwide The factory and the battery factory signed an agreement to establish a cooperative relationship for the directional recycling of used batteries to create a full-life cycle value chain of "recycling of used batteries-material recycling-material recycling-battery pack recycling-reuse-cascade utilization", and promote the world's new energy automobile industry The chain goes from "green to green".
The company has now formed five core recycling bases in Wuhan, Tianjin, Wuxi, Henan, and Shenzhen and a cascade utilization regional center base, taking the lead in forming a pattern occupying the Yangtze River Delta, the Pearl River Delta, Central China, Beijing-Tianjin-Hebei, and the Central Plains.
The company will strengthen the Wuxi base as the center The construction of the power battery recycling center in the Yangtze River Delta, the overall plan, the simultaneous implementation of new energy vehicle recycling and power battery recycling, through the linkage mode of physical and chemical systems to implement a complete industrial chain of cascade utilization and resource utilization of power batteries, The GEM Wuxi base will be built into the largest new energy vehicle and power battery recycling base covering the Yangtze River Delta.
It is the first to propose the construction of primary terminal recycling, secondary recycling storage and transportation, and tertiary recycling.
The “ditch, river, river, and sea” national recycling network system of dismantling, cascade utilization, and four-level recycling will continue to build a recycling channel for retired power batteries from the “capillary end” to the “trunk end”.
Currently, it has cooperated with more than 280 vehicles worldwide The factory and the battery factory signed an agreement to establish a cooperative relationship for the directional recycling of used batteries to create a full-life cycle value chain of "recycling of used batteries-material recycling-material recycling-battery pack recycling-reuse-cascade utilization", and promote the world's new energy automobile industry The chain goes from "green to green".
The company has now formed five core recycling bases in Wuhan, Tianjin, Wuxi, Henan, and Shenzhen and a cascade utilization regional center base, taking the lead in forming a pattern occupying the Yangtze River Delta, the Pearl River Delta, Central China, Beijing-Tianjin-Hebei, and the Central Plains.
The company will strengthen the Wuxi base as the center The construction of the power battery recycling center in the Yangtze River Delta, the overall plan, the simultaneous implementation of new energy vehicle recycling and power battery recycling, through the linkage mode of physical and chemical systems to implement a complete industrial chain of cascade utilization and resource utilization of power batteries, The GEM Wuxi base will be built into the largest new energy vehicle and power battery recycling base covering the Yangtze River Delta.
GEM plans to complete the construction of South Korea's Pohang power battery recycling base in 2021, and actively deploy power battery recycling plants in Europe, build a global power battery recycling industry system, and widen the gap with the industry.
By 2025, the company's power battery recycling plan will exceed 250,000 tons/year, and it plans to cooperate with upstream and downstream companies around the world to build power battery recycling bases in Indonesia and Europe.
By 2025, the company's power battery recycling plan will exceed 250,000 tons/year, and it plans to cooperate with upstream and downstream companies around the world to build power battery recycling bases in Indonesia and Europe.
In 2020, GEM ternary precursors will be transformed and upgraded from 5 series and 6 series products to high nickel products above 8 series.
The shipments of high nickel products above 8 series account for more than 50% of the shipments, and the export volume of NCA9 series ultra-high nickel products.
Over 18,000 tons, a year-on-year increase of more than 35%.
The upgrading of the ternary precursor product structure maintained the stability of the product gross profit margin, which reached 24.
03%, ranking the top in the industry.
On April 16, 2021, the company announced that it will supply ECOPRO 176,000 tons of high-nickel precursors in the next three years.
This is the company's comprehensive transformation of ultra-high nickel.
The company will strive to become a technology-leading and efficient precursor manufacturing.
enterprise.
The shipments of high nickel products above 8 series account for more than 50% of the shipments, and the export volume of NCA9 series ultra-high nickel products.
Over 18,000 tons, a year-on-year increase of more than 35%.
The upgrading of the ternary precursor product structure maintained the stability of the product gross profit margin, which reached 24.
03%, ranking the top in the industry.
On April 16, 2021, the company announced that it will supply ECOPRO 176,000 tons of high-nickel precursors in the next three years.
This is the company's comprehensive transformation of ultra-high nickel.
The company will strive to become a technology-leading and efficient precursor manufacturing.
enterprise.
At present, various construction work in Indonesia has been carried out normally and rapidly.
It is planned to complete the construction of the project in 2021 and actually put it into operation in early 2022.
It is planned to complete the construction of the project in 2021 and actually put it into operation in early 2022.
GEM is also actively promoting the release of production capacity and high-efficiency growth in 2021, with the target sales revenue exceeding 18 billion.
1.
The production and sales of ternary precursors reached 100,000 tons, the production and sales of cobalt tetroxide exceeded 23,000 tons, and the total recovery of power batteries and battery waste exceeded 30,000 tons.
2.
In 2021, the capacity of the ternary precursor will be expanded to 180,000 tons/year, and strive to reach 200,000 tons/year; the cobalt tetroxide capacity will reach 30,000 tons/year; the construction of the Indonesian nickel resource project will be completed to ensure that it is put into operation in the first quarter of 2022.
3.
The business benefit of e-waste and waste plastic recycling business increased by 40%.
4.
The total amount of scrapped automobile recycling and dismantling exceeded 170,000 vehicles, and the urban mining business with scrapped automobiles as the main body realized profitability.
5.
Promote the spin-off and listing of the e-waste business, and promote the mixed reform of the end-of-life automobile business and the environmental service business.
1.
The production and sales of ternary precursors reached 100,000 tons, the production and sales of cobalt tetroxide exceeded 23,000 tons, and the total recovery of power batteries and battery waste exceeded 30,000 tons.
2.
In 2021, the capacity of the ternary precursor will be expanded to 180,000 tons/year, and strive to reach 200,000 tons/year; the cobalt tetroxide capacity will reach 30,000 tons/year; the construction of the Indonesian nickel resource project will be completed to ensure that it is put into operation in the first quarter of 2022.
3.
The business benefit of e-waste and waste plastic recycling business increased by 40%.
4.
The total amount of scrapped automobile recycling and dismantling exceeded 170,000 vehicles, and the urban mining business with scrapped automobiles as the main body realized profitability.
5.
Promote the spin-off and listing of the e-waste business, and promote the mixed reform of the end-of-life automobile business and the environmental service business.
Grasping the opportunity of the "14th Five-Year" green era, GEM has proposed long-term goals for 2025 and "14th Five-Year": mining urban mines, developing new energy materials, fully promoting carbon peaks and carbon neutrality, and becoming the world's low-carbon industry leader A class enterprise, which has a positive impact on the development of China’s national economy and the world’s green development.
The company’s brand and value are respected and recognized globally.
By 2025, the company’s sales revenue will exceed 30 billion yuan, reaching a value of 50 billion yuan, and total annual resource regeneration.
Enter the ten-million-ton class.
The company’s brand and value are respected and recognized globally.
By 2025, the company’s sales revenue will exceed 30 billion yuan, reaching a value of 50 billion yuan, and total annual resource regeneration.
Enter the ten-million-ton class.
Original title: Green Cycle promotes the listing process, more than 2 billion plus the comprehensive utilization of renewable resources