Market review: this week, The public utilities (Shenwan) industry index rose 0.01%, underperforming the CSI 300 index by 3.13%, which was weaker than the overall market. Among the sub sectors of the environmental protection industry, gardens, water affairs, energy conservation and clean energy utilization, solid waste treatment and atmospheric treatment industries fell. In the public sector, thermal power and water power industries rose, while local power grid, clean energy power generation and gas industries fell, and thermal power rose significantly.
Special research: mass spectrometer is a high-end analytical instrument for qualitative and quantitative analysis of substances by measuring the mass of charged particles. Mass spectrometry technology has the advantages of high sensitivity, high resolution and fast analysis speed. It integrates electron ion optics, physical chemistry and other disciplines, involving precision electronics, precision machinery, vacuum, software, automatic control and other technologies, and is widely used in various fields. In the field of medical and health care, mass spectrometry technology is applied to clinical testing, clinical biochemical testing, clinical immunological testing, clinical microbiological testing and clinical molecular biological diagnosis; In the field of food safety, mass spectrometry technology can be applied to the analysis of toxic and harmful substances and illegally added substances in food, the detection of genetically modified food and the rapid detection of food safety; In environmental monitoring and industrial process analysis, mass spectrometer can be widely used for VOCs and PM2 5 and other pollutants, as well as industrial wastewater detection. At present, there is still a certain gap between China’s mass spectrometer technology and major instrument manufacturers in the world, and high-end mass spectrometer mainly depends on import. In recent years, China has stepped up the introduction of a series of policies to encourage enterprises to develop and manufacture high-end scientific research instruments and equipment, and encourage the localization and substitution of high-end instruments. At the same time, the state has also strengthened the requirements of environmental monitoring. A number of instrument manufacturing enterprises are rising, their import dependence is gradually weakened, and their export volume has also increased significantly. In the future, with the growth of global and Chinese market demand and the gradual improvement of domestic substitution, domestic mass spectrometer will usher in a broader market.
Industry trends: the national development and Reform Commission and other departments issued the implementation plan for implementing the goal of carbon peaking and carbon neutralization and promoting the green and high-quality development of new infrastructure such as data center and 5g, so as to further improve the consumption level of scenery new energy. Recently, the central economic work conference was held, which proposed to increase the consumption capacity of new energy and promote the optimal combination of coal and new energy based on the basic national conditions of coal. The new renewable energy and raw material energy will not be included in the total energy consumption control, create conditions to realize the transformation from “dual control” of energy consumption to “dual control” of total carbon emission and intensity as soon as possible, and accelerate the formation of an incentive and restraint mechanism for reducing pollution and carbon
Investment suggestion: the “14th five year plan” period is the key time window for reaching the peak of carbon, the intensity of carbon control and emission policy is expected to exceed expectations, and the environmental protection public utility industry will usher in development opportunities. The promotion of carbon neutralization policy has opened up new growth space and brought incremental income sources for the development of environmental protection industry, and grasped the four investment directions of low-carbon development on the supply side, electrification on the consumer side, infrastructure of carbon trading, and incremental income of CCER caused by carbon trading. It is recommended to pay attention to Pony Testing International Group Co.Ltd(300887) , China Building Material Test & Certification Group Co.Ltd(603060) , Centre Testing International Group Co.Ltd(300012) , Grandblue Environment Co.Ltd(600323) , Chongqing Sanfeng Environment Group Corp.Ltd(601827) , Shanghai Environment Group Co.Ltd(601200) , Shandong Intco Recycling Resources Co.Ltd(688087) . The implementation of the sixth national plan brings opportunities for post-processing industrial chain. It is suggested to pay attention to Wuxi Longsheng Technology Co.Ltd(300680) , Jiangsu Lopal Tech.Co.Ltd(603906) . Low carbon transformation of energy structure is a key measure to achieve carbon neutrality. Fengguang new energy operation welcomes development opportunities. It is suggested to pay attention to Huaneng Power International Inc(600011) , Huadian Power International Corporation Limited(600027) , China Resources Power, and new energy power generation. It is suggested to pay attention to Fujian Funeng Co.Ltd(600483) , China Three Gorges Renewables (Group) Co.Ltd(600905) , Longyuan power, Cecep Wind-Power Corporation(601016) , Jilin Electric Power Co.Ltd(000875) , Zhejiang Sunoren Solar Technology Co.Ltd(603105) . Meanwhile, the installed capacity of gas and electricity is expected to continue to increase in the future, and the demand for natural gas market will continue to improve. It is suggested to pay attention to Enn Natural Gas Co.Ltd(600803) with outstanding advantages in the integrated layout of the industrial chain and Top Resource Conservation & Environment Corp(300332) with the continuous growth of natural gas business brought about by the transformation and development of Shenan line. The Hangzhou Shenhao Technology Co.Ltd(300853) , Zhiyang Innovation Technology Co.Ltd(688191) , Suwen Electric Energy Technology Co.Ltd(300982) of intelligent operation inspection standards in the power industry. Industrial temperature control expert, promising target of energy storage and heat management Guangdong Shenling Environmental Systems Co.Ltd(301018) . The power shortage and the continuous widening of peak valley price difference promote the demand for enterprise energy consumption control. It is suggested to pay attention to the enterprise microgrid integrated energy management solution supplier Acrel Co.Ltd(300286) .
Risk warning: policy implementation is not as expected; The project progress is not as expected; Intensified market competition; The public data used in the research report may have the risk of information lag or untimely update.
