Wedoany.com Report on Mar 10th, Recently, Jinchao Solid Waste Treatment Co., Ltd. (hereinafter referred to as "Jinchao Solid Waste") was officially established in Anhui Province, China. Its legal representative is Jiang Jianjun, with a registered capital of 100 million yuan. Its business scope covers three core areas: ecological restoration and protection services, mineral processing, and solid waste management. Further equity penetration reveals that the company is indirectly wholly owned by Dazhong Mining (001203). This signifies that this listed company, primarily engaged in iron ore mining and processing, has officially sounded the horn for entering the solid waste treatment field, also adding a new footnote to the green transformation of mining enterprises.
Equity penetration shows that Jinchao Solid Waste is 100% owned by Anhui Jinrisheng Mining Co., Ltd., which in turn is a wholly-owned subsidiary of Dazhong Mining. This means Jinchao Solid Waste is an indirectly wholly-owned subsidiary of Dazhong Mining, forming an important part of its core strategic layout.
More notably, this is not Dazhong Mining's first foray into green transformation. As early as 2022, the company ventured into the lithium mining industry, securing two major resources: the Jijiaoshan Lithium Mine in Hunan and the Jiada Lithium Mine in Sichuan, seeking new profit growth points. This latest move into solid waste treatment further completes the company's green industry layout, forming a diversified development pattern of "core iron ore business + lithium mining new energy + solid waste environmental protection." This aligns with the national "carbon peak and carbon neutrality" strategy and injects new momentum into the company's long-term development.
Dazhong Mining's entry into solid waste treatment coincides with a golden period of opportunity for the industry. In early 2026, the State Council issued the "Solid Waste Comprehensive Management Action Plan," explicitly stating that by 2030, the annual comprehensive utilization volume of bulk solid waste should reach 4.5 billion tons. This goal is driving the solid waste treatment industry from "passive disposal" to "active resource utilization," accelerating the release of a trillion-yuan market. Data shows that in 2024, the market size of China's industrial solid waste treatment industry reached 983.779 billion yuan, and it is expected to exceed 1.09 trillion yuan in 2025, with a compound annual growth rate remaining above 5%, indicating huge development potential for the industry.
From the current industry status, China's solid waste treatment sector is still in its early development stages, with low market concentration and many small, scattered, and disorganized enterprises. Listed companies with capital advantages, technological strengths, and industrial synergy are gradually seizing a dominant market position. Dazhong Mining's core advantage lies in its possession of substantial solid waste sources, enabling an integrated "waste generation - waste treatment" approach, significantly reducing processing costs. Simultaneously, the company possesses mature technology and experience in mineral processing, which can be extended to the field of solid waste reuse. For example, using mineral processing technology to extract low-grade ore from tailings achieves resource recycling. This approach shares similarities with the model in Changjiang, Hainan, which "turns waste into treasure" – through technological research, Changjiang, Hainan, selected high-quality iron ore and construction sand from 300 million tons of tailings, achieving an output value of nearly 600 million yuan in 2024, demonstrating the immense economic value of solid waste resource utilization.
For mining enterprises, venturing into solid waste treatment has become an essential path for transformation. As environmental policies become increasingly stringent, the cost of mine solid waste disposal continues to rise, making it difficult to achieve sustainable development relying solely on the core business. Solid waste treatment can not only address environmental compliance issues but also create new profit growth points, achieving a win-win situation of "environmental protection + economic benefit." Looking at industry cases, China Energy Investment Group processes fly ash into micro-nano materials for use in high-end building materials, and Huaxin Cement has ventured into the resource utilization of construction waste, both achieving good economic and social benefits. Dazhong Mining's move is precisely following this industry trend.
