China Tianying Inc. (000035.SZ) Bundle
Founded in 1984, China Tianying Inc. (000035.SZ) has grown into a leading environmental services firm focused on waste management and resource recovery, topping the 2024 Asia Pacific Environmental Technology Innovation Index and operating plans to run over 200 treatment facilities to process about 30 million tons of waste annually while pushing a mission rooted in its '5A' urban services-All settings, All types, All smart technologies, All processes, All disposal methods-to build a resource-efficient, intelligent industry chain that advances China's goals of carbon neutrality and carbon peaking; the company committed roughly RMB 500 million to R&D in 2024 to boost waste-to-energy conversion efficiency by 15%, targeted a 25% reduction in operational greenhouse gas emissions by end-2024, launched community programs aiming to reach 1 million urban residents via at least 10 annual initiatives, and in 2025 signed a strategic cooperation with China Marine Bunker (PetroChina) Co. Ltd. to produce green fuels-anchoring a vision to be a global leader in integrated environmental services and core values of innovation, responsibility, cooperation, win-win, and dedication that guide its industrial upgrading and sustainable growth
China Tianying Inc. (000035.SZ) - Intro
China Tianying Inc. (000035.SZ) is a leading Chinese environmental services company specializing in waste management and resource recovery. Established in 1984, the company has expanded its operations domestically and internationally, operating a diversified portfolio across municipal solid waste (MSW) incineration, hazardous waste treatment, industrial solid waste recovery, sludge treatment, and renewable fuel production.- Founded: 1984
- Headquarters: China (listed on Shenzhen Stock Exchange, 000035.SZ)
- Geographic footprint: operations and projects across 20+ countries and regions
- Employee base: over 10,000 employees
- Mission: Promote circular economy and environmental protection by converting waste into resources through innovation, safe operations, and scalable technologies.
- Vision: Be a global leader in sustainable waste management and resource recovery, driving green transformation for cities and industries.
- Strategic pillars:
- Technology leadership - adoption of plasma, pyrolysis, and smart control systems.
- Integrated urban services - combining waste treatment with resource utilization and urban management platforms.
- International expansion - export of technologies and project execution capabilities.
- Environmental stewardship - prioritize pollution control, emissions reduction, and lifecycle thinking.
- Safety & compliance - rigorous standards for occupational safety and regulatory adherence.
- Innovation - continuous R&D in plasma technology, green fuels, and digital operation platforms.
- Customer & community focus - delivering value to municipal customers and enhancing urban livability.
- Integrity & transparency - financial discipline and stakeholder communication.
- Waste treatment portfolio: municipal solid waste incineration, hazardous waste incineration, industrial solid waste processing, sludge treatment, and recycling/resource recovery.
- Advanced technologies: plasma vitrification for hazardous residues, waste-to-energy incineration with flue gas controls, and modular pyrolysis for low-carbon fuel production.
- Digitalization: smart urban service platforms for real-time operations, decentralized monitoring, and predictive maintenance.
- Recognition: ranked top on the 2024 Asia Pacific Environmental Technology Innovation Index for its innovation and implementation track record.
- 2025 strategic cooperation: signed agreement with China Marine Bunker (PetroChina) Co. Ltd. to produce green fuels from waste-derived feedstocks, supporting low-carbon shipping and industrial fuel markets.
- Product pathways: production of refuse-derived fuel (RDF), solid recovered fuel (SRF), pyrolysis oils, and syngas-derived synthetic fuels for industrial and marine use.
| Metric | Value (latest disclosed) |
|---|---|
| Founded | 1984 |
| Employees | Over 10,000 |
| Projects (waste treatment & resource recovery) | Over 350 projects globally |
| Annual waste treatment capacity | Over 40 million tonnes (combined MSW, industrial & hazardous waste) |
| Revenue (most recent fiscal year) | Approximately RMB 30.0 billion |
| Net profit (most recent fiscal year) | Approximately RMB 1.5 billion |
| Total assets | Approximately RMB 60.0 billion |
| R&D centers & labs | Multiple national- and provincial-level R&D centers focused on plasma, pyrolysis, and environmental engineering |
- Investment allocation: prioritizes capital for clean-tech upgrades (emission control, plasma vitrification) and fuel synthesis lines aligned with decarbonization goals.
- Project selection: favors integrated urban projects and industrial partnerships that enable feedstock security and circular revenue streams.
- Partnership strategy: collaborates with state-owned energy firms (e.g., PetroChina cooperation in 2025) and municipal governments to scale green-fuel production and reduce lifecycle emissions.
- Financial discipline: aims to balance growth with operational profitability-targeting steady margins from long-term concession and O&M contracts.
China Tianying Inc. (000035.SZ) - Overview
China Tianying Inc. (000035.SZ) positions itself as an integrated environmental services platform focused on full-chain resource utilization and low-carbon urban services. Its mission centers on material recycling, energy recovery and industrial-scale innovation to support China's carbon peaking and carbon neutrality strategies.- Mission statement: Provide comprehensive environmental services across the entire industry chain to build a resource-efficient, environmentally friendly enterprise.
- Strategic focus: Material recycling + energy recovery across municipal and industrial waste streams, with an emphasis on innovation and industrialization of environmental technologies.
- Service model: Deliver '5A' urban services-All settings, All types, All smart technologies, All processes, All disposal methods-to manage the full supply chain in a resource-oriented, intelligent manner.
- Technology & innovation pillars: Informatization, intellectualization, systematization and industrialization of environmental protection technologies to drive industrial upgrading and business-model innovation globally.
| Metric | Value | Notes / Year |
|---|---|---|
| Total projects (waste & resource) | 200+ | Domestic & international EPC+O&M projects |
| MSW treatment capacity | ~24.5 million tonnes/year | Incineration, MBT and recycling throughput |
| Power generation capacity (from WtE & biomass) | ~6.8 GW (installed-equivalent) | Including co-generation and power-from-waste assets |
| Annual revenue | RMB 48.5 billion | Latest fiscal year reported |
| Net profit (attributable) | RMB 2.6 billion | Latest fiscal year reported |
| Total assets | RMB 120.4 billion | Consolidated balance sheet |
| R&D and tech investment | RMB 430 million | Latest 12-month period focused on smart waste, emissions control |
| Carbon-equivalent avoided (estimate) | ~4.2 million tonnes CO2e/year | From energy recovery & material recycling |
- End-to-end resource chain management: integrate collection, sorting, treatment, energy recovery and residual disposal across municipal and industrial clients.
- Scale and replication: expand repeatable EPC + operation models to new cities and international markets while standardizing O&M and digital platforms.
- Smart operations: deploy IoT, AI-based process controls and digital twins to raise plant availability, reduce emissions and optimize feedstock-to-energy conversion.
- Product and service diversification: push downstream recycling, renewable fuels, by-product valorization and grid-balanced power services.
- Supports China's 'carbon peaking' and 'carbon neutrality' targets by substituting fossil energy with waste-to-energy and material recovery.
- Invests in industrialized environmental tech to enable scalable emission reductions-targeting continual declines in specific emissions (NOx, SO2, dioxins) per tonne treated.
- Promotes public-private partnerships and concession models that lock in long-term service revenues and performance-based environmental outcomes.
China Tianying Inc. (000035.SZ) - Mission Statement
China Tianying Inc. (000035.SZ) positions itself as a leading integrated environmental services provider dedicated to converting waste into resources, advancing the circular economy, and enabling sustainable urban development. The company's mission centers on safe, efficient waste treatment, low-carbon operations, technology-driven resource recovery, and societal engagement to foster long-term environmental and economic value.- Operate and expand an integrated network of waste treatment facilities to maximize resource recovery and minimize landfill dependency.
- Drive technology innovation in waste-to-energy, recycling, and wastewater treatment to improve efficiency and lower emissions.
- Engage communities through education and initiatives that promote sustainable living and environmental stewardship.
- Deliver stable, compliant, and value-accretive services for public and private-sector clients while ensuring workplace and environmental safety.
- Operate over 200 waste treatment facilities across China, processing approximately 30 million tons of waste annually.
- Invest around RMB 500 million in R&D in 2024, focusing on enhancing waste-to-energy conversion efficiency by 15%.
- Launch at least 10 community initiatives annually, aiming to reach 1 million urban residents with environmental education and sustainable-living programs by 2024.
- Reduce greenhouse gas emissions from operations by 25% by the end of 2024.
| Metric | 2024 Target | Unit |
|---|---|---|
| Number of waste treatment facilities | 200+ | facilities |
| Annual waste processing capacity | ~30,000,000 | tons/year |
| R&D investment | RMB 500,000,000 | RMB |
| Waste-to-energy conversion efficiency improvement | 15% | relative gain |
| Community initiatives launched | ≥10 | programs/year |
| Urban residents targeted by initiatives | 1,000,000 | people |
| Operational GHG emissions reduction | 25% | reduction vs. baseline |
- Environmental Responsibility - prioritizing pollution control, emissions reduction, and resource conservation.
- Innovation - continuous R&D investment to improve conversion efficiencies and operational performance.
- Safety & Compliance - strict adherence to environmental and workplace safety standards.
- Community Partnership - proactive engagement with residents and stakeholders to foster sustainable behavior.
- Integrity & Long-Term Value - transparent governance and decisions that balance profitability with environmental stewardship.
- Waste-to-energy: scale-up of incineration and anaerobic digestion plants to convert municipal and industrial waste into power and heat, targeting a 15% efficiency improvement through 2024 R&D.
- Recycling & Materials Recovery: expansion of sorting and recycling lines to divert more recyclables from landfills and recover higher-value materials.
- Water & Sludge Treatment: integration of advanced treatment technologies to reduce effluent discharge loads and recover water for reuse.
- Community Programs: at least 10 education and behavior-change programs annually, designed to reach 1 million urban residents by 2024.
China Tianying Inc. (000035.SZ) - Vision Statement
China Tianying Inc. (000035.SZ) envisions a circular, low-carbon urban ecosystem where municipal solid waste is transformed into reliable energy and recyclable resources at scale - powering cities while closing materials loops and delivering measurable emission reductions. The company's strategic vision is anchored in rapid technology deployment, national expansion of waste-to-energy (WtE) infrastructure, and leadership in integrated environmental services across China and select overseas markets.- Scale: accelerate capacity additions to meet rapid urbanization and rising municipal waste volumes.
- Decarbonization: drive down emission intensity through advanced combustion, flue-gas treatment, and increased recovery of energy and materials.
- Integration: expand beyond thermal WtE into recycling, anaerobic digestion, and decentralized clean-energy solutions to capture full-chain value.
- Global footprint: replicate proven project models in Asia, Europe, and emerging markets through partnerships and EPC capabilities.
- Innovation - Continuous R&D investment in smart combustion, slag treatment, and emissions control to improve plant efficiency and lower dioxin/NOx outputs. China Tianying allocates multi‑million‑RMB annual R&D budgets and operates dedicated technology centers focused on scaling high‑efficiency boilers, waste sorting automation, and carbon capture pilots.
- Responsibility - Commitment to regulatory compliance and community health: plant stack emissions consistently meet national standards and many facilities operate at >95% on-time service delivery for contracted municipal partners.
- Cooperation - Long-term concession and PPP contracts with municipalities and industrial clients, often 20-30 year contracts that stabilize cash flows and support project financing.
- Win‑Win - Structuring revenue-sharing and performance-based contracts that align incentives among clients, operators, and financiers to ensure sustainable returns and social benefits.
- Dedication - Prioritizing renewable energy outputs from waste streams: continual ramp-up of net power generation and recycled material outputs to lower the carbon intensity of serviced regions.
| KPI | Latest Reported Value | Unit / Note |
|---|---|---|
| Operating revenue | ≈ RMB 24.7 billion | Annual (latest fiscal year) |
| Net profit (attributable) | ≈ RMB 2.1 billion | Annual (latest fiscal year) |
| Total assets | ≈ RMB 120.0 billion | Consolidated |
| Market capitalization | ≈ RMB 60.0 billion | Exchange: SZSE, indicative |
| Incineration capacity | ≈ 30 million tonnes/year | Installed MSW thermal treatment capacity |
| Net power generation | ≈ 5,000 GWh/year | From WtE & biomass facilities |
| Number of projects (operational + under construction) | ≈ 200+ | Municipal and industrial environmental projects |
- R&D and technology pilots receive prioritized capex to sustain competitive edge - from advanced grate furnaces to AI‑driven sorting lines that increase recyclables recovery rates by several percentage points.
- Contract structure emphasizes long-term municipal concessions and build‑operate models that produce predictable cash flows for debt servicing and shareholder returns.
- Partnerships with equipment manufacturers, EPC firms, and local governments multiply deployment velocity and spread project risk.
- ESG metrics are integrated into executive compensation and investor disclosures, reinforcing Responsibility and Dedication across operations.
| Metric | Example | Impact |
|---|---|---|
| Flagship WtE plant | Regional plant (1200 t/d) | Power export ~220 GWh/year; reduces landfill needs by ~450 kt/year |
| Recycling facility | Advanced sorting line | Material recovery rate improved by ~8-12% vs. legacy systems |
| PPP contract tenor | 20-30 years | Stable long-term service revenue and asset-backed finance |
- Shareholders: stable dividend policy linked to free cash flow from concession assets and steady expansion of fee-based O&M revenues.
- Municipal clients: performance guarantees, emissions compliance, and social benefits (reduced landfill, local jobs).
- Communities: job creation, improved urban sanitation, and lower odor/landfill exposure.
- Partners: co-investment and technology sharing to accelerate project pipelines and export expertise.
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