Waste Electrical Appliances will receive ** Subsidy

On October 17, 2012, the Ministry of Finance website announced the "Notice on Further Clearing the Range of Products Leaving the Waste Electrical and Electronic Products Processing Fund". The "notice" further clarified the specific scope of the products collected by the waste electrical and electronic product processing fund, including televisions, ice washing, air conditioners, and microcomputers.

Taking air conditioning as an example, Zhi Gao, spokesperson of Chigo Air-Conditioning, told reporters that from the “Notice” analysis, this basically covered all types of household air conditioners. Wu Zhangjie, general manager of Sichuan Changhong Gerun Renewable Resources Co., Ltd., told reporters that the five major categories of products gave priority to those species that are likely to produce hazardous products.

The reporter learned that according to the previously published Regulations on the Administration of the Recycling of Waste Electrical and Electronic Products and the Administrative Measures on the Collection and Use of Waste Electrical and Electronic Product Handling Funds, many listed companies including Greentech, Sichuan Changhong, and TCL Group have been short-listed. A list of the first batch of processing companies that have been subsidized by the fund. According to the provisions of the Measures, a fixed allowance will be given to the number of waste electrical and electronic products handled by the processing enterprises in accordance with the actual completion of the dismantling process. The established subsidy standards will be: TV set 85 yuan/set, refrigerator 80 yuan/set, and washing machine 35 yuan/set. , room air conditioner 35 yuan / Taiwan, microcomputer 85 yuan / Taiwan.

Wu Zhangjie told reporters that Sichuan Changhong Gerun Renewable Resources Co., Ltd. is currently located in Mianyang, Chengdu, the two bases of processing capacity of up to 3 million units, and has the ability to handle all five types of products, and the first batch of subsidy funds applied for In the process of approval, in addition, the deep processing and reuse of recycled and dismantled materials such as plastics and precious metals will still generate revenue. It is expected that a meager profit will be realized by 2013. According to the plan, by the end of 2012, Changhong will build seven waste electrical and electronic recycling production lines for the disposal of used TVs, refrigerators, washing machines, air conditioners, waste plastics, circuit boards and so on.

Liu Haizhong, head of Sichuan Changhong Corporate Planning Department, told reporters that only Sichuan Changhong and TCL Group companies are currently listed in the first list of companies that deal with fund subsidy. Objectively speaking, the recycling business immediately becomes a profit point for home appliance companies. Reality, but it is the most important direction for the future development of consumer electronics manufacturing companies.

In addition, according to Han Hongtao, the representative of Glime Securities, Jingmen Greenmei, Jiangxi Greenmei, a wholly-owned subsidiary of Greentech, was also selected as the first batch of subsidies for waste electrical and electronic product processing funds, which means that the company is located in the three major electronic waste industries in Wuhan, Jingmen and Jiangxi. The base will enjoy the subsidy policy at the same time.

Han Hongtao told reporters that at present, the company's design and processing of the production line has been completed, the production capacity has not been fully released, but the actual construction speed is faster than the previously announced expected production time. She said that the acquisition of qualifications and the succession of subsidies from the Ministry of Finance will promote the company's e-waste dismantling business and further enhance its profitability.