China Zihuan's Xin Zaisheng Wang Platform Surpasses 100 Billion RMB in Transactions; Reverse Invoicing Over 25

The Xin Zaisheng Wang platform under China Zihuan has recently surpassed RMB 100 billion in cumulative gross merchandise volume. The platform is a third-party industrial internet digital platform for front-end recovery of renewable resources and downstream manufacturing enterprises that use recycled materials, offering integrated services such as transaction matching, transaction information certification, fund settlement, warehousing and logistics, supply chain finance, asset disposal, and data supervision.

As of now, the platform's cumulative gross merchandise volume exceeds RMB 100 billion, of which the reverse invoicing business served by the platform exceeds RMB 25 billion. Related operations have accumulated tax payments of more than RMB 2.4 billion, serving over 25,000 natural persons and more than 23,000 individual businesses.

Through product functions such as Xin Zaisheng Wang Trading, Guiji Tong, Xin Warehouse Management, and Xin Smart Manufacturing, the platform promotes the interconnected flow of commercial, logistics, capital, information, and invoicing streams, helping transaction parties reduce communication and management costs, improve transaction efficiency and transparency, and facilitate traceability and compliance in renewable resource operations. This provides digital support for recycling-based manufacturing enterprises in stable procurement, compliant operations, and green low-carbon transformation.