Envision Green (01783) has been fluctuating and trending upward recently, reaching a high of 5.87 Hong Kong dollars today, approaching the historical high of 5.96 Hong Kong dollars. It is worth noting that there was a significant increase in trading volume during the closing auction session, with the turnover exceeding 22 million Hong Kong dollars. Some market participants pointed out that the large-volume transactions may be passive fund buying.
According to the Futu Securities APP, Envision Green (01783) has been fluctuating and trending upward recently, reaching a high of 5.87 Hong Kong dollars today, approaching the historical high of 5.96 Hong Kong dollars. It is worth noting that there was a significant increase in trading volume during the closing auction session, with the turnover exceeding 22 million Hong Kong dollars. Some market participants pointed out that the large-volume transactions may be passive fund buying.
On the news front, at the recently held 2024 New Energy Battery Recycling and Utilization Conference, Wang Xiaokang, the President of the China Industrial Energy Saving and Clean Production Association, introduced that according to the forecast of the China Power Battery Industry Innovation Alliance, by 2030, China's installed capacity of power batteries will exceed 1300GW. In the future, China will face large-scale centralized retirement of power batteries, with tremendous potential in the power battery recycling market, expecting a relatively rapid growth in the incremental utilization market size after 2025.
Public information shows that on October 25, Envision Green signed a successful "Investment Cooperation Intention Agreement" with China Resources Jin Yang and the Hong Kong General Chamber of Recyclable Resource Merchants, initiating comprehensive and in-depth cooperation in the green industry. According to the specific agreement, Envision Green and China Resources Jin Yang plan to jointly invest in establishing a recycling metal processing industrial park in overseas regions, and collaborate in Hong Kong to build a resource recycling industrial base, jointly promoting technological innovation and market expansion in the battery materials and other metal materials sectors.
It is reported that China Resources Jin Yang, initiated jointly by China Resources Environmental Protection, Jin Yang International, and China Energy Conservation and Environmental Protection Group International, where China Resources Environmental Protection is a leading enterprise in the national circular economy industry and joined China Resources Recycling Group Co., Ltd in October this year. The successful signing of the "Investment Cooperation Intention Agreement" further solidifies the deep cooperation between Envision Green Group and China Resources Environmental Protection in multiple resource recycling projects.