On December 14, the “2025 China Eco-Environmental Industry Development Conference and Listed Environmental Enterprises Forum,” hosted by the China Environment Service Industry Association, convened in Beijing to discuss value reconstruction and the emergence of an intelligent new ecosystem for the environmental industry during the 15th Five-Year Plan period. At the event, the “Top 50 Chinese Environmental Enterprises by Revenue” ranking was officially released, with Grandblue earning a place among the top 10. Jin Duo, President of Grandblue, attended the conference and participated in the high-level dialogue session.
“Top 50 Chinese Environmental Enterprises by Revenue”
Grandblue Maintains Top 10 Position
As leading drivers of the environmental industry’s development, the “Top 50” enterprises not only continue to strengthen their own development but also play a pivotal role in breaking through barriers in technological innovation, business model evolution, and strategic transformation. Their efforts collectively contribute to the industry’s high-quality and sustainable growth. To highlight the exemplary influence of these leaders and further promote industry-wide progress, the China Environment Service Industry Association released the “Top 50 Chinese Environmental Enterprises by Revenue” ranking, which has gained significant credibility and authority within the sector. The ranking upholds principles of fairness and transparency, is based on verified data, incorporates research on large environmental enterprises, and is compiled in descending order according to total operating revenue for 2024. Grandblue’s placement among the top 10 reflects strong industry recognition of the company’s commitment to high-quality, steady, and sustainable development.
High-Level Dialogue: The Approaching 15th Five-Year Plan
Driving Value Reconstruction in the Environmental Industry
The 15th Five-Year Plan period marks a pivotal stage in advancing the vision of a Beautiful China, one that connects past progress with future expansion and consolidation. During this phase, comprehensive ecological and environmental improvement will be pursued through coordinated efforts in policy enhancement, green transformation, ecological restoration, and the reinforcement of safeguard systems. As large-scale markets, major projects, and rising demand driven by green and low-carbon goals continue to reshape the landscape, the need for collaborative governance has become increasingly prominent. In response, the environmental industry is experiencing foundational shifts in strategic positioning and business models, moving beyond traditional end-of-pipe pollution control to embrace integrated, green, and low-carbon solutions.
In an increasingly dynamic market environment, the environmental industry faces the challenge of redefining its value proposition. During the high-level dialogue session, Jin Duo, President of Grandblue, shared the company’s key accomplishments during the 14th Five-Year Plan period and outlined Grandblue’s strategic direction for the upcoming 15th Five-Year Plan.
At the outset of the 14th Five-Year Plan, Grandblue conducted a comprehensive evaluation of the domestic waste-to-energy sector, which led to four principal insights. First, waste incineration for power generation continues to play a vital role in environmental improvement efforts, reinforcing its status as a sector with sustained demand and strong investment value. Second, the ongoing refinement of the “polluter pays” principle is expected to enhance industry cash flow and support healthier business model development. Third, the industry has entered a phase of asset consolidation, wherein existing infrastructure—often located in strategically advantageous areas with defined geographic boundaries—now demonstrates stable and quantifiable asset value. Fourth, despite the sector’s rapid expansion in recent years, there remains considerable room for improvement in operational efficiency, refined management, and technological innovation. The maturity of current technological pathways and economies of scale create favorable conditions for further value generation through continued innovation.
Guided by its assessment of industry trends and long-term strategic planning, Grandblue strengthened its market position and amplified synergistic advantages through the acquisition of Canvest Environmental Protection Group Company Limited. This move substantially increased the company’s market share and expanded its presence across economically developed regions, including the Guangdong–Hong Kong–Macao Greater Bay Area and the Yangtze River Delta. Following the acquisition, Grandblue formulated a phased integration plan to systematically unlock synergies and improve overall profitability. The integration is progressing smoothly, and early results have already begun to demonstrate the effectiveness of this strategic initiative.
Looking ahead to the 15th Five-Year Plan, as the environmental industry advances its innovation-driven transformation from a “cost center” to a “value creator,” Grandblue is committed to positioning itself as a key enabler of green innovation. On one front, the company will enhance operational efficiency and improve returns on existing assets through continuous innovation, fostering a virtuous cycle in which “asset integration” and “operational improvement” reinforce each other. On another front, Grandblue will fully leverage its industrial advantages, characterized by multi-business synergy and comprehensive deployment, to support a wider ecosystem of green innovation enterprises. This support will extend across multiple dimensions, including scenario enablement, capital investment, management expertise, and technology sharing. Together, these efforts aim to open a new chapter in the sustainable development of the broader green industry.
Moving forward, Grandblue will continue to advance development through innovation, working together with industry partners to explore integrated green and low-carbon solutions and to contribute new perspectives and pioneering pathways for the industry’s high-quality evolution. Guided by the vision, expertise, and commitment of Chinese enterprises, Grandblue remains dedicated to helping build a cleaner and more beautiful world.