Market review: as of February 11, 2022, Shenwan environmental protection industry rose by 5.59% in the week, outperforming the CSI 300 index by 4.77 percentage points and ranking 10th among Shenwan 31 industries. Among the top ten stocks that rose in the week, Tianjin Motimo Membrane Technology Co.Ltd(300334) , Guangdong Shunkong Development Co.Ltd(003039) and Anhui Chaoyue Environmental Protection Technology Co.Ltd(301049) ranked among the top three in Shenwan environmental protection, with increases of 23.35%, 19.82% and 19.56% respectively. Among the top ten stocks that fell in the week, Shanghai Sheng Jian Environment Technology Co.Ltd(603324) , Focused Photonics (Hangzhou) Inc(300203) and Xiamen Zhongchuang Environmental Technology Co.Ltd(300056) fell significantly, with declines of 9.21%, 4.27% and 2.52% respectively. In terms of valuation, as of February 11, 2022, the PE (TTM) of Shenwan environmental protection sector was 21.25 times.
Viewpoint of Environmental Protection Industry Week: Recently, the development and Reform Commission issued the guiding opinions on accelerating the construction of urban environmental infrastructure. By 2025, the supply capacity and level of urban environmental infrastructure will be significantly improved, the shortcomings and weaknesses in key areas and areas will be supplemented, and the sewage, garbage, solid waste, hazardous waste An environmental infrastructure system integrating medical waste treatment and disposal facilities and monitoring and supervision capacity. In addition, the Ministry of industry and information technology issued the implementation plan on accelerating the comprehensive utilization of industrial resources, which made it clear that by 2025, the production intensity of industrial solid waste in key industries such as iron and steel, nonferrous metals and chemical industry will decrease, the comprehensive utilization level of bulk industrial solid waste will be significantly improved, the renewable resources industry will develop continuously and healthily, and the comprehensive utilization efficiency of industrial resources will be significantly improved. The policies related to the harmless and recycling of solid and hazardous wastes continue to be promoted. It is recommended to pay attention to Zhefu Holding Group Co.Ltd(002266) (002266), Beijing Geoenviron Engineering & Technology Inc(603588) (603588), Jiangsu Huahong Technology Co.Ltd(002645) (002645) related to the treatment of solid and hazardous wastes.
Risk warning: policy promotion is not as expected; The progress of the construction project is less than expected; Product price fluctuation risk, etc.
