Recently, another new force in the sanitation market has struck. Poly Environmental Services (Guangdong) Co., Ltd. was incorporated in Guangzhou with a registered capital of 150 million yuan. Backed by the "big tree" of two listed enterprises of Poly Property and Pubang Shares, Poly Environment will fully lay out the sanitation service market next and is expected to become a new star in the domestic sanitation market.
Source: China Sanitation Online Network
On February 7, Pubang Co., Ltd. announced that Zhuhai Hengqin Pubang Investment Partnership (Limited Partnership) (hereinafter referred to as "Hengqin Pubang"), which was established with the participation of Guangdong Pubang Ecological Environment Construction Co., Ltd., a wholly-owned subsidiary of the Company, signed a Joint Venture Cooperation Agreement with Poly Property Service Co., Ltd. ("Poly Property") and Zhuhai Hengqin Zhongcheng Zhijie Investment Partnership (Limited Partnership) (hereinafter referred to as "Zhongcheng Zhijie") to jointly establish Poly Environmental Services (Guangdong) Co., Ltd. (hereinafter referred to as " Poly Environmental Services").
According to Tianyan, Poly Environmental Service was registered and established on January 29, 2022, and its business scope involves "professional cleaning, cleaning and disinfection services; rural domestic garbage commercial services; park management services; municipal facilities management; urban greening management; and renewable resource recovery".
It is reported that the registered capital of the joint venture company is 150 million yuan, of which Poly Property intends to invest 97.5 million yuan, accounting for 65% of the equity of the joint venture company; Zhongcheng Zhijie intends to contribute 30 million yuan, accounting for 20% of the equity of the joint venture company; Hengqin Pubang intends to contribute 22.5 million yuan, accounting for 15% of the equity of the joint venture company.
According to the announcement, the establishment of the joint venture company is based on sanitation services, the layout of the two wings of "garbage classification + renewable resources recycling" and "landscaping maintenance + municipal infrastructure maintenance", at the same time with the concept of digital drive, scientific and technological empowerment, through the creation of a smart sanitation industry application system and sanitation technology innovation program, leading the banner of the sanitation industry, to help the company's endogenous development and epitaxial expansion combined, improve the layout of the industrial chain; the investment parties give play to their own advantages, in the service program design, market expansion, In terms of project operation, we provide comprehensive support for the joint venture company, and jointly build the joint venture company into a leading enterprise in China that provides comprehensive solutions for the sanitation industry.
Sanitation Online Network learned that in 2021, Poly Property ranked in the top five among listed property companies, and the brand value increased to 15.9 billion. In recent years, Poly Property has been deeply involved in the field of urban services, winning the bid for pure sanitation projects in more than a dozen provinces such as Jiangsu, Zhejiang, Anhui, Fujian, Sichuan and Shandong, becoming a strong force in the cross-border transformation of the sanitation market.
Pubang Co., Ltd. is a large-scale private joint-stock enterprise engaged in garden planning and design, garden engineering construction, ecological environment construction and operation, seedling planting and maintenance, and greening maintenance. The joint venture subsidiary can be described as a strong combination of strengths and strengths, which will complement each other's advantages in the urban management service market and jointly promote the improvement of urban environmental sanitation level.
Pubang shares said: "Cooperation with Poly Property is the company's specific practice in the field of sanitation services, but also a beneficial exploration of the sanitation industry, paving the way for the expansion of urban environmental protection services and operations, and generating synergistic benefits with the current business, which is to promote the company's endogenous development and epitaxial expansion, continuously improve the industrial chain layout, meet the requirements of sanitation and cleaning fine services, enable the company to quickly improve the integration of sanitation services, and further improve the company's overall competitiveness." ”
From the perspective of spatial data on the stock of the sanitation market, the scale of China's sanitation market has increased from 261.8 billion yuan in 2018 to 346.6 billion yuan in 2020, with a compound annual growth rate of 14.6%. With the gradual deepening of the marketization process of the sanitation industry, sanitation projects have begun to develop and grow towards urban comprehensive services while developing on a large scale and in the long term. In the future market competition, enterprises with outstanding comprehensive service capabilities are expected to further widen the gap with competitors and eventually win.