ChileEnvironmental protectionIndustry weekly: according to the china national institute of electrical research, in 2024 the total number of "four brain" products theoretically scrapped stood at 289 million. End-of-life waste is concentrated in the economically developed regions of the eastern coast and in the major population departments. In terms of structure, the dismantling of our waste electrical and electronic products is in the form of "television dominance, white power support, air conditioning computer supplementation". Air conditioning and computers are relatively low. The formal dismantling of air conditioners is expected to erupt as the end-of-life of household electricity products; computers have a significant residual value for core components due to high renovation usage, resulting in a low formal recovery rate。
The following is a summary of the study:
Summary for the current period:
As at 3 april, environmental plates had dropped by 4. 07 per cent this week, which was worse than in large volumes; the preceding indicators had dropped by 0. 86 per cent to 3880. 10; the three sectors that had seen a decline were communications (3. 0 per cent), medical organisms (2. 3 per cent), food beverages (0. 9 per cent), and utilities (8. 6 per cent), electrical equipment (8. 3 per cent) and real estate (-6. 4 per cent). The breakdown of the sub-plates was 4. 88 per cent; 5. 64 per cent for water management; 2. 26 per cent for air management; 0. 27 per cent for sanitation; 8. 67 per cent for waste incineration; 0. 55 per cent for resource slabs; 6. 58 per cent for solid other slabs; 3. 34 per cent for monitoring/detection/ instrumentation; 6. 49 per cent for environmental restoration; and 1. 65 per cent for environmental equipment。
Industry dynamics: (i) on 2 april, the ministry of industry and information technology issued a list of enterprises (first batch) that meet the standardised conditions for the iron and steel industry (2025 edition). The bulletin makes clear that the enterprises concerned are divided into two categories: those that regulate enterprises in the lead and those that regulate them, with 231 enterprises selected. (2) on 3 april, seven departments, such as the ministry of industry and information technology, jointly published the programme of action for the upgrading and upgrading of old devices for the intensive promotion of the petrochemical industry (2026-2029) (hereinafter referred to as the programme of action). The action programme proposes that, by 2029, the retrofitting of older petrochemical devices, as defined in 2025, will be fully completed in all regions, that the new retrofitting tasks, as set out after 2026, will proceed as planned, that the long-lasting work systems for annual rolling mapping, continuous retrofitting and upgrading will be robust and that standard leadership and policy synergies will be further developed. The first is a rolling mapping and assessment, the registration of production units that have actually been in operation for more than 20 years on a case-by-case basis, the classification and advice on disposal, the dynamic formation of a list of old devices and the updating of the workstation account for old devices. The second is the development of an upgrade programme, the implementation of a “roundchart battle” against the bill of the workstation, a “one-size-fits-all” programme, the definition of specific measures, targets, schedule, etc. For the renewal of the enterprise, the completion of which will in principle not exceed five years. Thirdly, it promotes upgrading, encourages the upgrading of enterprises to implement safety, greening and intellectual adaptations to the standards industry, accelerates the extension of advanced technology applications and upgrades to industrial software and industrial control systems, enhances the day-to-day management of the operation of old devices and strictly updates the safe and environmentally sound management of the adaptation process. The fourth is to optimize project management, encourage local development of improved green corridors, strengthen factor safeguards, optimize processes such as project filing (approval), environmental assessment, security clearance, etc., improve efficiency of review and approval, and expedite project landing. Fifthly, they are responsible for receiving and inspection, which enterprises are required to organize in accordance with the relevant laws and regulations. Sixth is the strengthening of standard leadership, the implementation of special actions to upgrade the standards of old petrochemical devices and the establishment of a standard system to cover the requirements and components of the upgrading of old devices。
This week's topic: recycling of waste electronics is the process by which the products are disposed of, transported, stored, transited, dispersed and eventually processed. The state collects disposal funds from producers and importers of electrical and electronic products, which provide formal disposal of electronic waste in the form of subsidies. According to the china national institute of electrical research, in 2024 the total number of “four machines per brain” production stations was 289 million. End-of-life waste is concentrated in the economically developed regions of the eastern coast and in the major population departments. In terms of structure, the dismantling of our waste electrical and electronic products is in the form of "television dominance, white power support, air conditioning computer supplementation". Air conditioning and computers are relatively low. The formal dismantling of air conditioners is expected to erupt as the end-of-life of household electricity products; computers have a significant residual value for core components due to high renovation usage, resulting in a low formal recovery rate. There is still room for further improvement in the current low capacity utilization rate of electrical and electronic recycling facilities, which is around 50 per cent between 2020 and 2024. Future upgrading of dismantling technologies has become an important direction for improving the profitability of enterprises. The main listed companies involved in recycling used and end-of-life electronics are china refinancing ring, geomarine, hua xinxiang, vanderers, greenme and others。
Investment recommendationsThe “145” countries have increased their demands for environmental quality and low-carbon industrial green development, and energy conservation and resource recycling are expected to sustain a high level of activity; furthermore, in the context of debt sequestration, water-waste incineration plates are expected to continue to operate as operational assets with robust profits, cash flows are continuing to improve and utility market reforms are expected to overlap, and high-quality operational assets are expected to double-click davis. Key recommendations: [blue environment] [hingong environment] [hong city environment]; recommended focus: [gang environment] [military holdings] [wuhan holdings] [english regenerative] [high energy environment] [green environment]。
Risk tips: the project advanced less than expected; competition in the market increased; the international political situation changed; the policy moved less than expected; and the risk of downward price adjustment for electricity. Khoo sheng, wu bao-chul
