The 14th five year plan for building energy conservation and green building development was released, and there is a broad space for the sustainable development of green buildings. During the 13th Five Year Plan period, the cumulative construction area of ultra-low and near zero energy consumption was nearly 100 million square meters, the energy-saving transformation area of existing residential buildings was 514 million square meters, the energy-saving transformation area of public buildings was 185 million square meters, and the renewable energy substitution rate of urban buildings reached 6%. By the end of 2020, the proportion of newly built green buildings in cities and towns in China had reached 77%, the cumulative green building area had exceeded 6.6 billion square meters, the cumulative energy-saving building area had exceeded 23.8 billion square meters, the proportion of energy-saving buildings in urban civil building area had exceeded 63%, and the proportion of newly started prefabricated buildings in cities and towns in China had accounted for 20.5%. During the 14th Five Year Plan period, by 2025, China plans to complete the energy-saving transformation of existing buildings with an area of more than 350 million square meters, build ultra-low energy consumption and nearly zero energy consumption buildings with an area of more than 50 million square meters, the proportion of prefabricated buildings in new urban buildings in that year will reach 30%, and the installed capacity of Cecep Solar Energy Co.Ltd(000591) photovoltaic buildings in China will be more than 50 million KW, Geothermal energy has a building application area of more than 100 million square meters, the replacement rate of renewable energy in urban buildings has reached 8%, and the proportion of power consumption in building energy consumption has exceeded 55% China State Construction Engineering Corporation Limited(601668) industry is currently in the stage of high-quality development, with clear targets for energy conservation and carbon reduction. It is expected that prefabricated buildings will continue to expand in the subdivided areas, and the photovoltaic sector and power energy conservation are expected to show a high boom for a long time. It is recommended to focus on it.
Investment suggestion: in the context of the uncertain global situation, the overall valuation of the upstream and downstream of the infrastructure industry chain is low, with abundant orders, high relative security and strong risk resistance. Therefore, it is recommended to continue to pay attention.
Investment opportunities for earthquake mitigation and isolation under high-quality development: long-term efforts for disaster prevention and reduction have been made. The legislation has been passed, and 20-30 times of space can be expected. Relevant targets include Quakesafe Technologies Co.Ltd(300767) , Zhejiang Tiantie Industry Co.Ltd(300587) , the leader of earthquake mitigation and isolation industry
The rail transit sector of “transportation power” has benefited for a long time: there is a broad demand for the construction of “Urban Agglomeration” on the track, such as Zhejiang Tiantie Industry Co.Ltd(300587) , China Railway Group Limited(601390) , China Railway Construction Corporation Limited(601186) ;
Under the expectation of the improvement of China’s infrastructure investment margin in the second half of the year, it is suggested to pay attention to the opportunities related to the industrial chain: pay attention to the undervalued targets China State Construction Engineering Corporation Limited(601668) , China Railway Construction Corporation Limited(601186) , China Railway Group Limited(601390) ;
Leading infrastructure enterprises with steady main business and mineral resources: Metallurgical Corporation Of China Ltd(601618) , China Railway Group Limited(601390) ;
Under the background of dual control of energy consumption, high-quality targets in green power, BIPV and other related fields: Sinosteel Engineering & Technology Co.Ltd(000928) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Sinoma International Engineering Co.Ltd(600970) .
