At the beginning of 2025, Baoluite Resource Recycling Engineering Co., Ltd. ("Baoluite-KY", stock code: 6887) was officially listed. Its domestic operating entity, Zhejiang Baoluite Environmental Technology Engineering Co., Ltd., with its core technology of 'turning waste into treasure', became the first company in Zhejiang Province to be listed on the Taiwan Stock Exchange in 2025, and also the third listed company in Jiaxing City within the year.
From 'Plastic Recycling' to 'Green Manufacturing': The Road of Transformation
Baolüte Group was established in 2005, with nearly 30 years of experience in PET bottle recycling production and regenerated polyester staple fiber production, and over 15 years of equipment manufacturing experience. Its business scope covers more than 40 countries and regions globally, with its headquarters located in Pinghu City, Zhejiang Province.
As an important subsidiary of the group, Zhejiang Baolute Environmental Technology Engineering Co., Ltd. provides a complete set of plastic recycling and cleaning system solutions, overall solutions for polyester staple fiber and textile equipment, as well as bottle-to-bottle equipment supply and engineering services; Zhejiang Anshun Chemical Fiber Co., Ltd. mainly produces functional polyester staple fiber, recycled polyester staple fiber, and bicomponent staple fiber.
A relevant official from Baolüte stated that out of every 10 recycled waste plastic bottles globally, 1 is regenerated through Baolüte's equipment. The products are sold to more than 40 countries and regions, with over 260 environmental protection projects implemented cumulatively. Every year, more than 4.6 million tons of rPET bottle flakes are regenerated through Baolüte's equipment.
Outstanding 'Pioneer of Circular Economy'
As a national specialized, refined, unique, and innovative 'little giant' enterprise, Baoluite is driven by dual wheels of technological innovation and market expansion. In 2024, the company's total output value reached 526 million yuan, with a year-on-year growth of 14.6%, and net profit reached 120 million yuan, demonstrating strong development resilience. Its independently developed intelligent cleaning and recycling equipment not only increased the plastic recycling rate to 99.2% but also reduced energy consumption by more than 30% through modular design, with technical indicators reaching international leading levels. The company currently holds over 50 patents, including 10 invention patents, forming a complete industrial chain layout from equipment manufacturing to the production of recycled materials.
financial highlights:
The compound annual growth rate of revenue from 2022 to 2024 reached 18.3%
2024 net profit exceeds 1.2 billion RMB, a year-on-year increase of 22%
The business of recycled materials accounts for 45%, with a gross profit margin 8 percentage points higher than that of traditional equipment business.
In-hand order volume reaches 7.8 billion yuan, covering emerging markets such as Southeast Asia and Europe
strategic considerations for choosing to list in Taiwan
Regarding the decision to list on the Taiwan Stock Exchange, the person in charge of Bolltech stated: 'The Taiwanese capital market has unique advantages in the green technology sector, especially with a more mature valuation system for circular economy enterprises.' In addition, as an important hub connecting the Asia-Pacific market, the Taiwan Stock Exchange can provide a broader capital platform for the international development of enterprises. The 570 million New Taiwan Dollars raised this time will be mainly used in three directions: first, the construction of intelligent production bases; second, the research and development of new environmentally friendly materials; third, the layout of the Southeast Asian market.
industry impact and future outlook
As the global efforts to combat plastic pollution intensify, Baolvtai's listing not only sets a technological benchmark for the industry but also validates the commercial value of the circular economy model. 'We will take the opportunity of the listing to explore the establishment of a closed-loop plastic recycling system, aiming to achieve an annual processing capacity of 1 million tons of waste plastic by 2030,' said the company's representative. This entry into the capital market is both a milestone in the company's development and provides a new paradigm for Zhejiang's environmental protection industry to connect with international capital.
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