Based on the concept of “G-Green E-Eco M-Manufacture”, GEM Co., Ltd. (hereinafter referred to as GEM) was founded by Professor XU Kaihua in Shenzhen on December 28, 2001. GEM has been listed on Shenzhen Stock Exchange (stock code: 002340) and, in 2022, on the Swiss Stock Exchange. With a total share capital of 5.136 billion shares, net assets of 18.484 billion RMB, annual production value exceeding 30 billion RMB, and a workforce of over 10,000 employees, GEM ranks among the top 500 private enterprises in China (484th place), the top 500 manufacturing companies in China (439th place), the top 500 private enterprises in China's manufacturing industry (315th place), the top 50 environmental companies in China (2nd place), is listed on the 2022 Forbes China Sustainable Development Industrial Enterprises TOP50 and the 2022 Hurun China Private Companies SDG Readiness 100 List (7th place). GEM has now become a leading enterprise in China's circular economy, a global leader in waste recycling, and a top-tier supply chain company in two major industries: the global tungsten carbide industry and the new energy industry.
Top 5
Environmental Enterprises in China
Top 500
Top 500 Private Enterprises in China
Top 500
Private Manufacturing Enterprises in China
Top 500
Listed Enterprises in China
Top 50
Forbes China Sustainable Development Industrial Enterprises
Top 100
Hurun China Private Companies SDG Readiness Index
Industry Status
GEM is the first in China to put forward the industrial philosophy that "Limited Resources, Unlimited Recycling", and is an active advocator of the business model of "exploiting urban mines" to "eliminate pollution and recycle resources.” Over the past two decades, GEM has adhered to the dual-track driven development model of "Urban Mining + New Energy Materials Manufacturing." GEM promotes carbon peak and carbon neutrality goals by establishing resource recycling and clean energy material models.
GEM possesses two national-level innovation platforms, including the National Engineering Research Center of Waste Electrical and Electronic equipment (WEEE) Recycling and the National Enterprise Technology Center. It is recognized as a National Technological Innovation Demonstration Enterprise and a National Intellectual Property Demonstration Enterprise. The company has successfully tackled global technological challenges, developing recycling technologies for used batteries, green treatment of electronic waste, comprehensive resource recovery from scrapped vehicles, and the "core" technologies of ternary materials for power batteries. GEM has made key breakthroughs for China's core technologies and intellectual property system for the green treatment and recycling of typical waste resources, including used batteries, electronic waste, and scrapped vehicles.
As of the end of 2022, the Company has applied for 2,953 patents, and led/participated in the formulation and revision of 406 standards, ranking 233rd among Chinese enterprises in terms of patent applications. GEM has twice won the second prize of National Science and Technology Progress Award and received over ten first prizes for provincial and ministerial-level scientific and technological progress awards. GEM’s technological innovation capabilities lead the industry.
GEM has established 19 waste recycling and new energy material manufacturing facilities in 11 provinces and cities across China, as well as in South Africa, South Korea, Indonesia, and other locations. GEM’s footprint in green development spans the globe, covering over 40% of China's land area and establishing waste management partnerships with more than 500 million people. GEM recycles and regenerates over 30 scarce resources, including cobalt, nickel, lithium, copper, tungsten, gold, silver, platinum, palladium, rhodium, gallium, germanium, indium, and rare earth elements.
GEM’s recycling and processing capabilities are significant, handling more than 10% of China's retired power batteries and electronic waste, as well as over 5% of China's scrapped vehicles. GEM contributes to China's circular economy by supplying more than three times the amount of cobalt resources compared to China's original cobalt mining output, over 13% of nickel resources compared to China's original nickel mining output, and more than 6% of tungsten resources compared to China's original tungsten mining output.
GEM’s core product, ternary precursor materials for power batteries, ranks among the top two globally, representing over 15% of the world market and serving the global new energy vehicle market from "green manufacture" to "manufacturing green." GEM’s shipments of cobalt tetroxide for 3C digital batteries rank in the top three globally, accounting for over 20% of the world market. For a decade, GEM’s ultrafine cobalt powder has held the top position in the global market, commanding over 50% of the market, with more than 60% of tungsten carbide factories worldwide using GEM's recycled ultrafine cobalt powder..
GEM has demonstrated through practical efforts that recycling resources can be a mainstream contributor to national economic development and strategic emerging industries.
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Established 7 end-of-life vehicles recycling centers;
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electronic waste eco-friendly processing centers
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waste power batteries comprehensive utilization centers
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battery material manufacturing centers
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waste plastic recycling centers
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solid waste treatment centers
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nickel-cobalt-tungsten resource recycling center
GEM has received several prestigious national honors from the Chinese government, including being designated as a National Circular Economy Education Demonstration Base, National Ecological and Environmental Science Popularization Base, National Environmental Education Social Practice Base for Primary and Secondary Schools, National Green Factory, and National "Urban Mining" Demonstration Base. Furthermore, GEM was awarded the “Global Circular Economy Multinational Corporation Award” at the 2018 World Economic Forum in Davos and the 2020 Paulson Sustainable Development Green Innovation Award. GEM’s success in waste recycling has been recognized in the renowned journal “Nature,” and GEM has been recognized by the United Nations as a demonstration enterprise for reducing emissions of volatile organic compounds (VOCs). GEM’s achievements in green development have gained international acclaim, establishing them as a global leader in practicing green and low-carbon development.
On 22nd July, 2013, Chinese President Xi Jinping visited GEM's Wuhan E-waste recycling workshop. President Xi highly praised GEM's waste recycling systems, and said that “ recycling is a sunrise industry. Wastes are misplaced resources. Turning rubbish into resources and transforming waste into wealth is not only a science, but also an art. You should continue your efforts!”
Looking ahead, GEM will continue to follow the dual-track path of "Urban Mining + New Energy Materials Manufacturing" for high-quality development. GEM will collaborate along the ESG value chain with global partners, fostering global economic recovery and promoting a circular world. GEM’s goal is to become a leader in the global green and low-carbon industry, serving the rapid development of the global new energy sector!
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