Tianjin Teda

What Tianjin Teda does

Tianjin Teda Resource Recycling Group Co., Ltd. (天津泰达资源循环集团股份有限公司), listed on the Shenzhen Stock Exchange under stock code 000652, is a Chinese diversified conglomerate controlled by Tianjin Teda Investment Holdings Co., Ltd. (泰达控股), a state-owned enterprise that holds a 33.74% stake. The company was founded in 1992 and is headquartered in the Tianjin Binhai New Area. It operates across five business segments: ecological environmental protection, new materials, energy trade, equity investment, and new energy, with operating geographies spanning North and East China and select international markets.

The company's core technology platform is built around municipal solid waste (MSW) processing and resource recycling, anchored by its 99.94%-owned subsidiary Tianjin Teda Environmental Protection Co., Ltd. This subsidiary operates waste incineration power generation facilities in Tianjin (Shuanggang, Guanzhuang), Yangzhou (Jiangsu), Dalian (Liaoning), and biomass/straw incineration power generation projects in Zunhua, Pingquan, and Gucheng (Hebei). Other technology platforms include clean materials and filtration production through 100%-owned Tianjin Teda Clean Materials Co., Ltd. (serving military and export markets with insulation, air/liquid filtration materials, and non-woven fabrics), petroleum and chemical product trading via Tianjin Teda Energy Group, and a 27.04% strategic stake in Bohai Securities.

The revenue model is segmented and diversified, but anchored in B2G contracts with municipal governments and environmental bureaus for waste management and power generation services. The company operates through wholly-owned and majority-controlled subsidiaries, distributing services through direct enterprise field sales to government and institutional customers. Recent strategic moves include a 10 billion RMB capital injection from the controlling shareholder into Teda Environmental Protection (December 2025), international expansion into Egypt and Indonesia for waste-to-energy projects, a strategic partnership with Sinopec Natural Gas, and dual green bond issuances to finance the resource recycling transition.

Name

Tianjin Teda

Legal name

天津泰达资源循环集团股份有限公司

Website

https://tedastock.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tianjin Teda Resource Recycling Group Co., Ltd. is a Chinese publicly listed conglomerate operating in waste-to-energy, new materials, energy trading, equity investment, and new energy. Its core subsidiary provides municipal solid waste processing and power generation services across multiple Chinese provinces and selected international markets.

Ownership category

akta.pro rank

Product category

Waste-to-Energy and Environmental Services

NAICS

Solid Waste Combustors and Incinerators (562213), Solid Waste Landfill (562212)

akta.pro primary industry

Industrial & Commercial Waste Incineration (Non-hazardous) (EUAAAKAC)

Keywords

• Waste-to-energy operations
• Municipal waste incineration
• Biomass power generation
• Filtration materials production
• Petroleum product trading

Headquarters

HQ city

Tanggu

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Ecological Environmental Protection: Revenue from waste incineration power generation, waste landfilling, and related environmental services through subsidiary Tianjin Teda Environmental Protection Co., Ltd.
2. Energy Trade: Petroleum product trading and chemical product wholesale operations through subsidiary Tianjin Teda Energy Group.
3. New Materials: Production and sales of new materials including clean materials and filtration products through Tianjin Teda Clean Materials Co., Ltd.
4. Equity Investment: Returns from equity investments including 27.04% stake in Bohai Securities.
5. New Energy: New energy sector operations as part of the company's diversified business portfolio.
6. Regional Development: Urban development and infrastructure construction through Nanjing New City Development Co., Ltd. and扬州广陵新城 project.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Tianjin Teda is a diversified holding company that fundamentally operates municipal solid waste incineration power generation, waste landfilling, and biomass/straw incineration power generation projects through its core subsidiary Tianjin Teda Environmental Protection. It additionally produces clean filtration and insulation materials through Tianjin Teda Clean Materials, conducts petroleum and chemical product trading through Tianjin Teda Energy Group, manages equity investments (notably Bohai Securities), and runs regional urban development through Nanjing New City Development.

Product overview

Tianjin Teda Resource Cycle Group Co., Ltd. is a diversified holding company with multiple business segments. The company operates through its core segments: Ecological Environmental Protection (waste-to-energy and biomass power generation), New Materials, Energy Trade (petroleum products), Equity Investment (financial holdings), and New Energy. Key subsidiaries include Tianjin Teda Environmental Protection Co., Ltd. (waste incineration and environmental projects) and Tianjin Teda Clean Materials Co., Ltd. (filtration and insulation materials). The company has strategic investments in regional development projects and financial institutions.

Differentiator

Problem solved

Functional benefit

Brands

• Teda Environmental Protection (泰达环保): Core subsidiary focused on waste-to-energy,垃圾焚烧发电,垃圾综合填埋 and秸秆焚烧发电 projects including Tianjin Shuangang, Yangzhou, Dalian, and other locations
• Teda Clean Materials (泰达洁净)
• Nanjing New City (南京新城)

Products and services

• Ecological Environmental Protection (生态环保) - Waste-to-Energy Power Generation Waste incineration power generation services that convert municipal solid waste into electricity, operated across multiple Chinese provinces via the Tianjin Teda Environmental Protection Co., Ltd. subsidiary. Serves municipal governments and environmental bureaus under long-term service agreements.
• Waste Landfilling Services Complimentary municipal solid waste landfilling services operated as part of the integrated environmental protection portfolio for urban waste management customers.
• Biomass (Straw) Incineration Power Generation Power generation through incineration of agricultural straw waste, with operational projects in Zunhua, Pingquan, and Gucheng in Hebei province, providing renewable energy from biomass feedstock.
• Clean Filtration and Insulation Materials Manufacturing and sales of clean materials and filtration products including insulation materials, air and liquid filtration materials, and non-woven fabrics, produced by Tianjin Teda Clean Materials Co., Ltd. for industrial customers and military/export markets.
• Petroleum and Chemical Product Trading Wholesale trading of petroleum products (fuel oil, gasoline, diesel) and chemical products through Tianjin Teda Energy Group, with operations including fuel retail and storage.
• Equity Investment / Strategic Financial Holdings Strategic financial investments in securities firms (including a 27.04% stake in Bohai Securities) and other equity positions, generating investment returns as a separately disclosed business segment.
• Regional Urban Development and Infrastructure Regional urban development and infrastructure construction services including the Yangzhou Guangling New Town (扬州广陵新城) project, delivered through Nanjing New City Development Co., Ltd. (51% owned).

Named customers2 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Sinopec Natural Gas (中国石化天然气)coreStrategic or Co-development Partner · 4 March 2026Tianjin Teda entered into an agreement with Sinopec Natural Gas. The partnership was announced by Binhai Investment and represents a strategic collaboration in the natural gas sector.
• Nahdet Misr (Egypt)coreStrategic or Co-development Partner · 18 November 2025Tianjin Teda Environmental Protection signed a trilateral MOU with Alexandria Governorate of Egypt and Nahdet Misr company during the China-Egypt Investment Forum for construction of urban solid waste power generation project.
• PT Danantara Investment Management (Indonesia)minorChannel Partner/ Reseller/ Distributor · 3 November 2025Tianjin Teda was selected as a provider in the partner selection list for an environmentally friendly waste processing technology into electricity project in Indonesia, managed by PT Danantara Investment Management.
• Beijing Jingcheng Machinery Holdings (京城机电)coreStrategic or Co-development PartnerStrategic cooperation agreement signed in 2012 with Beijing Jingcheng Machinery Holdings for potential acquisition of Tianjin Teda Environmental Protection. The partnership was intended to transfer environmental protection business but ultimately did not proceed.

Scale indicators4 records

Expansion highlights5 records

Broad incumbents

• Beijing Enterprises Holdings: Large diversified Chinese conglomerate with significant waste-to-energy and environmental operations. Comparable to Tianjin Teda because it combines waste-to-energy assets with other utilities and infrastructure investments under a state-linked parent.
• China Everbright Environment Group: Hong Kong-listed and the largest waste-to-energy operator in China. Directly comparable because both companies operate municipal solid waste incineration power generation fleets with the same business model, regulated tariffs, and government-backed contracts.

Direct peers

• Sound Environmental Resources (Huanlan Environment): Pure-play Chinese waste-to-energy and environmental services company. Comparable to Tianjin Teda Environmental Protection because it runs municipal solid waste incineration plants, biomass/energy projects, and sells power to the grid under similar regulatory frameworks.
• China Tianying Inc. Chinese waste management and environmental services company with waste-to-energy and equipment manufacturing businesses. Comparable because both companies integrate solid waste processing with power generation and pursue similar end-to-end environmental solutions.
• Dynagreen Environmental Protection Group: Chinese waste-to-energy specialist listed in Hong Kong. Directly comparable as both companies build and operate municipal solid waste incineration power plants in multiple Chinese provinces and earn revenues from grid electricity sales plus government tipping fees.
• Shanghai Environment Group: State-owned Shanghai-based waste-to-energy and environmental services operator. Comparable because both companies operate municipal solid waste incineration power plants, waste transfer stations, and biomass projects under government concession arrangements.
• Beijing Capital Co. (首创股份): Major Chinese environmental services company with waste-to-energy and solid waste operations. Comparable because both companies compete for municipal waste-to-energy concessions in China and pursue similar environmental protection business strategies.

Regional players

• Shenzhen Energy: Large Shenzhen-based power generator with growing waste-to-energy operations in southern China. Comparable because it combines conventional power with municipal waste incineration power generation under a similar state-owned shareholder governance model.

Others

• China Tian Yuan Healthcare / Tianying Capital-style diversified groups: Chinese listed diversified holding companies with mixed environmental, energy, and real estate exposure. Adjacent peer because Tianjin Teda's combination of WTE, energy trading, new materials, equity investment, and regional development mirrors the conglomerate holding structure of such diversified Chinese listed names.
• Beijing Jingcheng Machinery & Electric Holdings: Beijing-listed equipment manufacturer that signed a 2012 strategic agreement to potentially acquire Tianjin Teda Environmental Protection. Adjacent peer because it operates in environmental protection equipment and was a near-term M&A counterparty for the company's core WTE subsidiary.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tianjin-economic-technological-development-area-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tianjin Teda