Over the past two decades, Vary Tech has laid a solid foundation for growth. Guided by technological innovation and anchored in industrial practice, the company has continuously refined its business models and strategically strengthened its core capabilities. This journey has marked its evolution from an industry pioneer to a leading force in the resource circulation sector.
The year 2025 represents a pivotal moment in Vary Tech’s strategic transformation. Embracing change proactively, the company initiated an organizational restructuring centered on the dual-track development of "Equipment and System Services" and "Resource Circulation Business," thereby embarking on a new chapter in the collaborative creation of a circular economy ecosystem.
The Equipment and System Services Division has successfully transitioned from being a traditional equipment supplier to a "value co-creation partner." By concentrating efforts on cutting-edge areas such as the intelligent upgrading of urban mining equipment, the development of biomass pyrolysis and carbonization technologies, and research into chemical recycling of municipal solid waste and mixed plastics, the division has accumulated substantial "core kinetic energy" to drive the company's strategic evolution.
Leveraging the national "Two New" policies (equipment renewal and trade-in of consumer goods), Vary Tech's physical recycling equipment for urban mines achieved record-breaking performance. Through deep integration of AI-powered visual recognition technologies, the company has effectively addressed critical industry challenges, including capacity expansion, high-purity recovery of copper and aluminum, and the processing of complex household appliances. Building on full coverage of key partnerships with the China Recycling Group and the Henan Circular Economy Group, Vary Tech has further collaborated with industry giants such as China National Resources Group and Midea Group. Together, they have successfully established "lighthouse" demonstration projects, securing 80% of the domestic market share and once again redefining industry benchmarks with proven capabilities.
As the sole Chinese member of the International Biomass Torrefaction and Carbonization Council (IBTC), Vary Tech has fostered a deep "industry-university-research" collaborative innovation platform for biochar. This initiative propels the company's biomass pyrolysis carbonization technologies to the forefront of global advancement. The successful trial operation of the first pilot production line has yielded significant results, marking a major breakthrough in core technologies and laying a robust foundation for cultivating new growth drivers.
Vary Tech has accelerated its international expansion by participating in leading global industry exhibitions and high-level conferences across Japan, South Korea, France, the Netherlands, and beyond. These engagements have spotlighted the company’s advanced capabilities in solid waste resource utilization. By continuously expanding its cooperative networks with prominent enterprises across Asia, Europe, and South America, Vary Tech is strategically deepening its global footprint and elevating its international profile.
The company’s innovative technology and integrated equipment system for domestic waste treatment using molecular membrane fermentation bins have passed rigorous scientific and technological evaluation. Recognized as "overall domestically leading," this solution provides a viable and effective approach for managing household waste in small-to-medium cities and rural areas. Beyond significantly reducing waste volume and enabling resource recovery, the technology also alleviates feedstock shortages in incineration facilities. This advancement leverages new quality productive forces to drive environmental transformation and modernization at the county level nationwide.
To strengthen its customer service framework and enhance full life-cycle support capabilities, Vary Tech established Hunan Hongjiang Engineering Service Co., Ltd. This new subsidiary is dedicated to delivering professional engineering, project delivery, and remanufacturing services, thereby raising service quality and amplifying value across the industrial chain.
The newly formed Circular Economy Division has pioneered an innovative "Three Islands + One Park" model for county-level circular economy development. Adhering to a "one county, one customization" approach, the division integrates three core technologies with distinct local characteristics, promoting synergistic operation of the "Blue Island, Green Island, and Carbon Island." This forms an integrated industrial ecosystem encompassing collection and sorting, resource utilization, and carbon asset development, with the goal of establishing a new county-level economic paradigm centered on zero-carbon emissions and full-cycle circulation.
Leveraging the dual-brand franchise system of "Blue Island + Blue House," the Resource Circulation Division has rapidly advanced the integration of waste classification and recycling networks throughout Hunan Province. By facilitating over ten projects across cities including Changsha, Chenzhou, Zhuzhou, and northwestern Hunan, and by constructing and operating two large-scale comprehensive green sorting centers in Changsha County and Beihu District of Chenzhou, the division is progressively building a province-wide renewable resource circulation system, setting a new industry standard.
VarySunny New Materials ( Hunan ) Co., Ltd. , a Vary Tech subsidiary, is digitally transforming to enhance the competitiveness of its PCR materials. The inauguration of its waste plastic micro-reformation granulation project marks a successful leap from recycling to high-end remanufacturing. Additionally, the company launched a proprietary digital intelligent traceability system. By implementing "one item, one code, full-process monitoring," the system ensures that the source and destination of recycled plastics are fully traceable, effectively preventing greenwashing and guaranteeing credible PCR material circulation. This initiative provides crucial support for compliance with international regulations, including the EU's DPP, PPWR, and new ELV directives, facilitating the company's integration into the global green supply chain.
In response to intensifying market competition, Vary Tech has pioneered a multi-tiered partnership mechanism centered on a "unit partnership system" to drive management innovation. Piloted at the Miluo Vehicle Waste Company, this model was collaboratively designed by the Group's leadership and the HR and Finance Centers and effectively implemented by frontline teams. Successfully translated into an actionable and scalable operational model, this initiative has significantly stimulated internal organizational motivation and vitality, offering a highly effective approach to overcoming the challenges of industry "involution."
To spearhead intelligent upgrading within the renewable resources sector, Vary Tech has partnered with a leading publicly listed intelligent sorting company to establish Hunan Wanrong Taihe Renewable Resources Co., Ltd. The venture has successfully developed the inaugural "AI Intelligent Sorting Equipment for Dismantled Household Appliance Materials." Utilizing AI visual recognition and smart sorting technologies, the equipment markedly enhances the purity and value of recovered resources from end-of-life appliances. Concurrently, the company is expanding its application scope to include spent batteries, photovoltaic panels, and other categories, thereby unlocking new markets for solid waste resource utilization within the "new energy" industry.
Over the past year, Vary Tech has strategically advanced from a dedicated industry participant to a systemic leader in the field. Standing at this new threshold, the company will continue driving forward with the dual-wheel engine of "Equipment and System Services" and "Resource Circulation Business." Collaborating with global partners, Vary Tech is committed to contributing its distinctive strength—"Vary Power"—to the development of a comprehensive and sustainable resource circulation ecosystem.
