Xingyuan Environment Technology
Xingyuan Environment Technology (SZSE: 300266) is a Hangzhou-based, state-controlled Chinese environmental management company providing filter press equipment, digital-energy and carbon services, water/dredging engineering, and smart water platforms to government, municipal, and industrial clients through eight subsidiaries.
- Company typePublic
- Founded1992
- HeadquartersHangzhou, China
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Xingyuan Environment Technology does
Xingyuan Environment Technology Co., Ltd. (兴源环境科技股份有限公司, SZSE: 300266) is a Hangzhou-headquartered, state-controlled Chinese environmental management company founded in 1992 and listed on the Shenzhen Stock Exchange ChiNext board since 2011. The company operates three business segments: Equipment Manufacturing (filter presses and agricultural/livestock equipment, with the filter press ranking first in Zhejiang Province's separation machinery sector), Digital-Intelligent Carbon (carbon asset development, virtual power plants, energy storage, microgrids, and the proprietary EOS Integrated Energy Management Platform), and Environmental Governance (water conservancy dredging, municipal landscaping, smart water, and wastewater treatment). It executes projects through a network of eight wholly-owned subsidiaries including Zhejiang Dredging, Xinzhi Lingtan, Xinzhi Shuangtan, Xinzhi Shutan, Xinzhi Tanhe, and Zhejiang Shuimei, supported by an asset base of approximately 100 billion yuan and a fleet of 21 dredging vessels, 200+ km of slurry pipelines, and 120 plate-and-frame filter presses with cumulative dredging volume of 145 million cubic meters.
The company derives revenue primarily through a B2B enterprise sales motion targeting government agencies, municipal utilities, and industrial enterprises via project bidding, EPC contracts, and concession arrangements. Its customer base is overwhelmingly government and municipal, including landmark projects such as the South-to-North Water Transfer Central Line Memorial Park, 21 wastewater treatment plants in Zunyi Bozhou District (136,800 tons/day total capacity), and virtual power plant dispatch through the Zhejiang Power Exchange Center. Pricing is not publicly disclosed and is negotiated on a per-project basis. The go-to-market combines direct field sales, subsidiary-led regional development, and partnerships with State Grid, Alibaba Cloud (MSP for power industry), USTC, HBIS, Chint, and Yongzhou Land Port Hub Group.
Ownership is now mixed state-private: since December 2024 the actual controller is Ningbo Fenghua District State-owned Assets Management Center, with New Hope Investment Group (a Fortune Global 500 private conglomerate founded by Liu Yonghao) retaining the role of major private shareholder. The company employs approximately 1,300 people and reports annual revenue exceeding 10 billion yuan (~$140M USD), with a market capitalization of approximately 50 billion yuan (~$7B USD). Recent strategic emphasis has shifted toward AI-enabled solutions (waste battery recycling, VPP, smart water) and carbon services, including participation in COP30 carbon credit initiatives.
Xingyuan Environment Technology firmographics
Firmographics- Name
- Xingyuan Environment Technology
- Legal name
- 兴源环境科技股份有限公司
- Website
- https://xingyuan.com
- Company type
- Public
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Xingyuan Environment Technology (SZSE: 300266) is a Hangzhou-based, state-controlled Chinese environmental management company providing filter press equipment, digital-energy and carbon services, water/dredging engineering, and smart water platforms to government, municipal, and industrial clients through eight subsidiaries.
- Ownership category
- akta.pro rank
Xingyuan Environment Technology industry classification
Industry- Product category
- Environmental Equipment & Services
- NAICS
- Environmental Consulting Services (541620), Environmental Consulting Services (54162)
- SIC
- Services-Computer Integrated Systems Design (7373), Cogeneration Services & Small Power Producers (4991), Auto Controls For Regulating Residential & Comml Environments (3822)
- akta.pro primary industry
- EHS Management Systems & ISO Consulting (ISO 14001/45001) (BPAHAJAF)
- akta.pro secondary industries
- Climate Data Measurement & IoT/Telemetry Enablement (Energy/Meter/Asset Data Ingest) (EUABAEAI), Audit-Ready Controls, Assurance & Compliance Workflow Tools (CSRD/SEC/ISSB) (EUABAEAG), Emissions Factors, LCA & Product Carbon Footprint (PCF) Platforms (EUABAEAD), Air Quality & Emissions Management (BPAHAJAI)
Keywords
Where Xingyuan Environment Technology is headquartered
LocationHeadquarters
- HQ city
- Hangzhou
- HQ country
- China
- HQ region
- Asia
Offices4 records
Markets served
Xingyuan Environment Technology business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure
Revenue model
- 装备制造 (Equipment Manufacturing): Filter press manufacturing (压滤机) and agricultural/animal husbandry equipment. Revenue from equipment sales, installation, and after-sales service. Filter press sector leader in Zhejiang Province.
- 环境治理 (Environmental Governance): Water conservancy dredging, municipal landscaping, smart water management, wastewater treatment. Revenue from engineering projects, EPC contracts, and O&M services. Includes subsidiaries 浙江疏浚, 浙江兴艺, 浙江水美.
- 数智能碳 (Digital-Intelligent Carbon): Carbon market services (碳市场业务), new energy applications (新能源应用), and digital business (数字化业务). Revenue from carbon asset development, carbon consulting, energy storage, virtual power plants, and digital platform services. Includes subsidiaries 新至领碳, 新至双碳, 新至数碳.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Xingyuan Environment Technology product offering
Product offeringCore offering
Xingyuan Environment Technology is a Chinese environmental management company operating across three integrated business segments: Equipment Manufacturing, Digital-Intelligent Carbon, and Environmental Governance. Founded in 1992 and listed on the Shenzhen Stock Exchange's ChiNext board (stock code 300266) in 2011, the company designs, manufactures, and deploys environmental equipment and provides end-to-end environmental governance services for industrial, municipal, and government clients. The firm develops digital-intelligent carbon management platforms and delivers environmental remediation and treatment projects.
Product overview
兴源环境科技股份有限公司布局装备制造、双碳创新、环境治理三大业务领域，形成'压滤机（装备制造）—碳市场与新能源（双碳创新）—智慧水务与疏浚（环境治理）'三大产品线体系。装备制造以压滤机和农牧装备为核心产品，其中压滤机产值位列浙江省分离机械行业第一，并已衍生出AI全自动废旧锂电池资源综合利用压滤机（获2024年浙江省首台套装备认定）。双碳创新由新至领碳（碳资产开发/碳咨询服务/降碳科技）、新至双碳（新能源储能/虚拟电厂/微电网）和新至数碳/新至数能（能源数字化/EOS综合能源管理平台）三家子公司承载，形成覆盖碳市场与数字能源的完整产品矩阵。环境治理由浙江疏浚（水库/湖泊/河道疏浚，配备21艘环保挖泥船和自主研发5615型智能绞吸船）、浙江兴艺（市政园林/生态修复）、新至碳和（智慧水务）和浙江水美（工业废水/市政污水处理）四家子公司承载，提供从设计、施工到运营管理的全流程服务。
Differentiator
Problem solved
Functional benefit
Products and services
- Equipment Manufacturing Segment
Quantifiable outcome
- 累积清淤14500万立方米
- +3 more outcomes
Companies that use Xingyuan Environment Technology
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Xingyuan Environment Technology technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability9 records
Feature7 records
Xingyuan Environment Technology partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered minor and core.
- 正泰集团 / 正泰新能源 (Chint Group / Chint New Energy)minor新至双碳 invested in and commissioned the Fengyang Zhengtai 100MWh user-side energy storage power station in Anhui, in partnership with Chint New Energy. This is the first large-scale user-side energy storage demonstration project between the two companies.
- 连云港赣榆高新技术产业开发区 (Lianyungang Ganyu High-Tech Industrial Development Zone)minor新至双碳 signed a micro-grid strategic cooperation agreement with Ganyu High-Tech Zone in Jiangsu Province. The project will construct energy infrastructure, new energy sources, storage and charging facilities to improve energy efficiency and promote green low-carbon development.
- 永州陆港枢纽投资发展集团有限公司 (Yongzhou Land Port Hub Investment Development Group)minor新至双碳 signed a strategic cooperation agreement with Yongzhou Land Port Hub Group at the opening ceremony of Yongzhou Land Port New Quality Industrial Park in Hunan. 新至双碳 will build a low-carbon smart energy management system for the park using virtual power plant, solar-storage-charging and micro-grid solutions.
- 北京庞沃科技有限公司 / 青岛华昶景合新能源科技有限公司minorXingyuan subsidiary 新至碳和 formed a joint investment fund '新华昶(北京)能源服务合伙企业' with Beijing Pangwo Technology and Qingdao Huachangjing for virtual power plant investment. Fund size: 50 million yuan, registered in Beijing in January 2025.
- 浙江电力交易中心 (Zhejiang Power Exchange Center)core新至数能 passed the Zhejiang Power Exchange Center review and officially obtained qualifications for full-category trading in electricity long-term, spot and ancillary service markets, becoming a professional virtual power plant operator in Zhejiang Province.
- 国家电网有限公司 (State Grid Corporation of China)core新至数碳 partnered with Zhejiang Electric Power Company on the 'Urban Power Grid Massive Flexible Resource Autonomous Regulation Capability Enhancement' project, integrating information technology, communication technology and control technology to win the State Grid Science and Technology Progress Second Prize. The company serves State Grid branches in over 10 provinces through its partnership with Nari Info.
- 中国科学技术大学 (University of Science and Technology of China)minorXingyuan Environment's post-doctoral research workstation collaborated with USTC's post-doctoral research mobile station to bring in Dr. Pan Ying for joint research on lithium-ion battery safety performance improvement through biomass composite separators.
- 阿里云计算有限公司 (Alibaba Cloud)core新至数碳 is Alibaba Cloud's MSP (Managed Service Partner) for the power industry line, selected into the 'Government-Enterprise Cloud Delivery and Service Framework and Capability Center'. Received recognition letters from Alibaba Cloud for excellence in service delivery.
- 中国电子 (China Electronics Technology Group)minor新至数碳 established domestic trust and innovation business cooperation with China Electronics, expanding cloud computing and digital services to power generation and new energy enterprises.
- 河钢集团 (HBIS Group)minor新至数碳 has established long-term stable cooperative relationships with energy and power industry leaders including HBIS Group, extending digital energy services beyond power grid to heavy industry clients.
- 上海交通大学 / 河海大学 / 清华大学 / 中科院南京湖泊所minor浙江疏浚 collaborated with Shanghai Jiao Tong University, Hohai University, Tsinghua University, and Nanjing Institute of Geography and Limnology of CAS on two national key R&D program topics on water environment improvement, completed in 2025.
Scale indicators8 records
Recent moves9 records
Expansion highlights6 records
Xingyuan Environment Technology competitors and assessment
Company assessmentDirect peers
- Sound Environmental Resources (瀚蓝环境): A-share listed (600323.SH) comprehensive environmental services group covering waste-to-energy, municipal waste, water treatment, and gas operations. Comparable diversified environmental-services business model and government/municipal client base.
- Chongqing Water (重庆水务): A-share listed (601158.SH) municipal water services company with concession-based wastewater treatment and water supply operations in southwestern China. Directly comparable in serving municipal water clients via long-tenor arrangements.
- China Tianying (中国天楹): A-share listed (000035.SZ) environmental services and equipment company with waste-to-energy, environmental equipment, and overseas operations. Comparable mix of equipment manufacturing and environmental project services.
- Beijing Capital Co. (首创环保): A-share listed (600008.SH) Chinese water and environmental services company with a comparable mix of municipal water treatment, sewage treatment, and environmental infrastructure EPC. Directly comparable in serving municipal/government clients across China.
- Tus-Sound Environmental Resource (启迪环境): A-share listed (000826.SZ) environmental services and engineering company with adjacent mix of solid waste, water, and equipment manufacturing. Similar multi-vertical positioning and engineering-driven services.
Broad incumbents
- China Everbright Environment Group (光大环境): Hong Kong-listed (0257.HK) large-scale Chinese environmental group covering waste-to-energy, solar power, water, and environmental remediation. Larger and broader incumbent with overlapping capabilities but not specialized in mid-tier water/dredging.
- NARI Technology (国电南瑞): A-share listed (600406.SH) State Grid subsidiary providing power grid automation, smart grid, and virtual power plant platforms. Larger incumbent in the digital energy / VPP category where Xingyuan's Xinzhi Shutan competes.
- Beijing Enterprises Water Group (BEWG, 北控水务): Hong Kong-listed (0371.HK) leading Chinese water services group with full water value chain operations and overseas concessions. Much larger established player in municipal water with overlapping services.
Emerging players
- Sungrow Power Supply (阳光电源): A-share listed (300274.SZ) global leader in solar inverters and energy storage systems. Comparable in the energy storage business line where Xingyuan's Xinzhi Shuangtan operates, but far larger and more specialized in power electronics.
- Dynagreen Environmental Protection Group (绿色动力): A-share and Hong Kong-listed (601330.SH / 1330.HK) waste-to-energy and environmental services company. Partial overlap with Xingyuan's environmental governance segment, focused on the waste-to-energy niche.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Xingyuan Environment Technology social profiles
Digital presenceXingyuan Environment Technology compliance and trust
Trust signalCompliance19 records
Xingyuan Environment Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
Xingyuan Environment Technology leadership team
Management profileNumber of profiles
Xingyuan Environment Technology subsidiaries and ownership
Company hierarchySubsidiaries10 records
Xingyuan Environment Technology funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Xingyuan Environment Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Xingyuan Environment Technology
What does Xingyuan Environment Technology do?
Xingyuan Environment Technology is a Chinese environmental management company operating across three integrated business segments: Equipment Manufacturing, Digital-Intelligent Carbon, and Environmental Governance. Founded in 1992 and listed on the Shenzhen Stock Exchange's ChiNext board (stock code 300266) in 2011, the company designs, manufactures, and deploys environmental equipment and provides end-to-end environmental governance services for industrial, municipal, and government clients. The firm develops digital-intelligent carbon management platforms and delivers environmental remediation and treatment projects.
Is Xingyuan Environment Technology a public or private company?
Xingyuan Environment Technology is a public company. It is classified as public and is currently operating.
When was Xingyuan Environment Technology founded?
Xingyuan Environment Technology was founded in 1992. It employs 1,001 to 5,000 people.
Where is Xingyuan Environment Technology based?
Xingyuan Environment Technology is headquartered in Hangzhou, China, in the Asia region.
How does Xingyuan Environment Technology make money?
Three revenue lines are on record. 装备制造 (Equipment Manufacturing) is the primary driver. The others are 环境治理 (Environmental Governance) and 数智能碳 (Digital-Intelligent Carbon).
Who are Xingyuan Environment Technology's main competitors?
Direct peers on record are Sound Environmental Resources (瀚蓝环境), Chongqing Water (重庆水务), China Tianying (中国天楹), Beijing Capital Co. (首创环保) and Tus-Sound Environmental Resource (启迪环境). Broad incumbents are China Everbright Environment Group (光大环境), NARI Technology (国电南瑞) and Beijing Enterprises Water Group (BEWG, 北控水务). Emerging players are Sungrow Power Supply (阳光电源) and Dynagreen Environmental Protection Group (绿色动力).
Does Xingyuan Environment Technology have an API?
No public API is recorded for Xingyuan Environment Technology.
What industry is Xingyuan Environment Technology in?
Xingyuan Environment Technology's product category is Environmental Equipment & Services. Its primary akta.pro industry code is BPAHAJAF, EHS Management Systems & ISO Consulting (ISO 14001/45001), with a secondary code of EUABAEAI, Climate Data Measurement & IoT/Telemetry Enablement (Energy/Meter/Asset Data Ingest). Its NAICS code is 541620 and its SIC code is 7373.