Talk every Monday:
Carry out the third national soil survey:
The State Council announced the implementation of the national soil survey to promote the heat of soil remediation. Based on the development of the industry, considering the steady strategy of agricultural land management and the impact of the speed and scale of construction land development, the development of soil remediation market in the future is relatively limited.
The 13th five year plan has developed rapidly, but there are still challenges in the future. During the 13th Five Year Plan period, the market scale of soil remediation increased rapidly, from 8.69 billion yuan in 2017 to 15.68 billion yuan in 2021, and the number of projects remained at about 3500 in recent two years. However, the price of a single project has gradually decreased. With the further intensification of market competition, the establishment of the mainstream process of Engineering restoration projects with high market share has gradually homogenized the technology.
The development of the industry depends on policy planning. At present, the steady strategy of safety guarantee and risk control is implemented for agricultural land, and the development of construction land is mostly subject to the demand and scale of land development. The development space of soil remediation market in the future is relatively limited.
Comprehensive utilization of resources, continuous promotion of Industrial Synergy and centralized development of parks are still the main ideas:
The national development and Reform Commission jointly issued the implementation plan on accelerating the comprehensive utilization of industrial resources and the implementation guide for the transformation and upgrading of energy conservation and carbon reduction in key areas of high energy consumption (2022 version). Under the background of double carbon, the models of pollution reduction and carbon reduction, comprehensive utilization of resources and circular economy continue to become the theme of the development of industrial solid waste, industrial synergy The park development of centralized disposal is still the main idea.
The implementation plan aims at the pain points of industrial solid waste reduction, the difficulties of high-value renewable resources and the blocking points of coordinated utilization of industrial resources to carry out the work during the 14th Five Year Plan period. Three major projects are proposed, including comprehensive utilization of industrial solid waste, quality and efficiency improvement, efficient recycling of renewable resources and improvement of comprehensive utilization capacity of industrial resources.
There are still challenges in the treatment of bulk industrial solid waste, and the prospect of efficient recycling of renewable resources is optimistic. The utilization rate of bulk industrial solid waste will reach 57% in 2025, which is more conservative than the 60% target set by the national development and Reform Commission in the 14th five year plan for circular economy development in 2021, reflecting the challenge of improving quality and efficiency of comprehensive utilization of bulk industrial solid waste. In the field of efficient recycling of renewable resources, there are 20 million tons of scrap steel and non-ferrous metals, an increase of about 38% compared with 2020; At the same time, it is also proposed to improve the recycling system of waste power batteries and deepen the recycling of waste plastics. The development prospect of high-value utilization of renewable resources with high relative value is optimistic.
In the field of improving the comprehensive utilization capacity of industrial resources, cross industry and cross regional collaborative agglomeration development has become the main idea. The implementation plan emphasizes strengthening cross industry and cross regional collaborative utilization, and encourages qualified areas to carry out “waste free cities”, “waste free industrial parks” and “waste free enterprises”; Promote the collaborative treatment of urban solid waste by industrial devices, and explore the technical path and business model of collaborative treatment of solid waste by industrial kilns; We will further promote the construction of comprehensive utilization bases of industrial resources, select areas where industrial solid waste or renewable resources are concentrated and have a good industrial foundation, and build 50 comprehensive utilization bases of industrial resources.
Investment strategy: it is suggested to pay attention to large resource recovery enterprises with complete resource ecology, comprehensive utilization base and other case development experience, and strong ability of resource allocation and inter industry cooperation, such as China Resourcesand Environment Co.Ltd(600217) .
Market review:
Last week, Shenwan environmental protection sector rose or fell by 2.74%, ranking 8 / 31 in Shenwan industry, outperforming the Shanghai and Shenzhen 300 index by 1.66 percentage points.
In terms of sub sections, the four Shenwan class III sections of atmospheric governance, water and water governance, solid waste governance and comprehensive environmental governance rose or fell by 3.46%, 2.66%, 1.70% and 9.58% respectively.
In terms of specific stocks, the top three stocks with rising and falling ranges are Bceg Environmental Remediation Co.Ltd(300958) (25.50%), Henan Qingshuiyuan Technology Co.Ltd(300437) (25.48%), Tus Environmental Science And Technology Development Co.Ltd(000826) (21.13%).
Risk tip: policy promotion is not as expected, project progress is not as expected, etc.
