Abstract Recently, Fuyunpeng Circular Renewable Co., Ltd., Henan Yuguang Metallurgical Machinery Manufacturing Co., Ltd. and Henan Genghong Industrial Co., Ltd. signed a tripartite cooperation memorandum, marking the official launch of in-depth integration in the secondary lead industry. Genghong Industrial boasts a full-chain business layout in secondary lead recycling, refining, extended recycling and lead‑gold smelting. Yuguang Metallurgical Machinery, backed by the industry leader Yuguang Gold & Lead, will provide technical and equipment support, while Fuyunpeng will help expand recycling channels and optimize resource collection.