The “New Recycling Network” platform operated by China Resources Recycling Group Co., Ltd. (hereinafter referred to as “China Resources Recycling”) recently reported that its cumulative total merchandise transaction value has exceeded RMB 100 billion. The platform is operated by Qingdao Xinzhihuan Environmental Protection Technology Co., Ltd., a subsidiary of Zihuan Green Investment, and has provided comprehensive services—including transaction matchmaking, transaction information retention, fund settlement, warehousing and logistics, supply chain finance, asset disposal, and data supervision—to individual recyclers at the front end of the renewable resources sector and downstream enterprises that utilize recycled materials since its launch in 2017. It is a third-party digital industrial internet platform.

To date, the platform’s cumulative total merchandise transaction value has exceeded RMB 100 billion. Of this amount, the reverse invoicing business facilitated through the platform has exceeded RMB 25 billion, with cumulative taxes paid into the treasury for related business exceeding RMB 2.4 billion. The platform has served more than 25,000 individuals and over 23,000 individual businesses.

Through product functions such as New Recycling Network Trading, Traceway, Xinzhifu, Xinkuguan, and Xinzhi Manufacturing, the “New Recycling Network” promotes the coordinated integration of the flow of commerce, logistics, funds, information, and invoices. The platform aims to reduce communication and management costs for transaction participants, improve transaction efficiency and transparency, promote renewable resources transactions that are “traceable and evidence-based,” and provide digital support for recycled-material manufacturing enterprises to ensure stable procurement, standardized operations, and green, low-carbon transformation.

With the cumulative total transaction value exceeding RMB 100 billion as a new starting point, the platform will continue to improve its functions, expand application scenarios, and strengthen its data empowerment and collaborative service capabilities. It will promote the in-depth integration of the online platform with offline industrial resources and strive to develop the “New Recycling Network” into a renewable resources industrial internet platform with greater industry influence, contributing to improved resource recycling efficiency and the high-quality development of the circular economy.