Event:
On February 9, the State Council issued the guiding opinions on accelerating the construction of urban environmental infrastructure (hereinafter referred to as the Guiding Opinions), which proposed to accelerate the construction of urban environmental infrastructure, improve the modernization level of infrastructure, and promote the construction of ecological civilization and green development.
Comments:
The guiding opinions focus on making up for weaknesses, and the investment and construction of urban environmental infrastructure is expected to be accelerated. According to the guidance, by 2025, the supply capacity and level of urban environmental infrastructure will be significantly improved, the weaknesses in key areas and key fields will be supplemented, qualified urban environmental infrastructure projects will be supported through investment in the central budget and other channels, and qualified projects will be included in the support scope of special bonds of local governments. Under the joint influence of policy promotion and financial support, the investment and construction of environmental infrastructure is expected to accelerate.
The sewage treatment industry chain is expected to benefit. According to the guidance, by 2025, the sewage treatment capacity will be increased by 20 million m3 / day, the sewage collection pipe network will be increased and reconstructed by 80000 km, the production capacity of reclaimed water will be no less than 15 million m3 / day, the sewage treatment rate of the county will reach more than 95%, and the sewage resource utilization rate of water deficient cities at prefecture level and above will exceed 25%. It is expected that the sewage treatment industry will usher in development opportunities, the investment demand is expected to increase, and the sewage treatment industry chain is expected to benefit.
The market scale of solid waste treatment industry is expected to expand. Among them, the subdivided industries of waste incineration power generation and hazardous waste disposal are expected to fully benefit from the promotion of urban environmental infrastructure. In terms of waste incineration, the guidance requires that by 2025, the incineration capacity of urban domestic waste will reach about 800000 tons / day, the resource utilization rate of urban domestic waste will reach about 60%, and the incineration capacity of urban domestic waste will account for about 65% of the harmless treatment capacity. In terms of hazardous waste disposal, the guiding opinions require that by 2025, the short board of hazardous waste collection and treatment facilities will be basically supplemented, the hazardous waste disposal capacity will be fully guaranteed, and the technology and operation level will be further improved. In the process of accelerating urban environmental infrastructure construction, the investment demand of waste incineration power generation and hazardous waste disposal industrial chain is expected to increase, and the market scale is expected to expand.
Investment suggestions: it is suggested to pay attention to the targets of sewage treatment Chengdu Xingrong Environment Co.Ltd(000598) (000598), Beijing Originwater Technology Co.Ltd(300070) (300070), waste incineration power generation Zhejiang Weiming Environment Protection Co.Ltd(603568) (603568), Grandblue Environment Co.Ltd(600323) (600323), Chongqing Sanfeng Environment Group Corp.Ltd(601827) (601827), Dynagreen Environmental Protection Group Co.Ltd(601330) (601330), hazardous waste disposal Zhefu Holding Group Co.Ltd(002266) (002266), Beijing Geoenviron Engineering & Technology Inc(603588) (603588).
Risk warning: policy promotion is not as expected; The progress of the construction project is less than expected; Product price fluctuation risk; The promotion of carbon emission trading was less than expected.
