Market review: from March 7 to March 11, the power, environmental protection, gas and water sectors fell 3.41%, 5.25%, 8.19% and 1.99% respectively, and the Shanghai and Shenzhen 300 index fell 4.22% in the same period.
The National Energy Administration issued the notice on matters related to the planning and research of renewable energy integration in major river basins in China. The notice proposes to carry out research on the supporting construction of hydropower regulation and pumped storage power stations in the main river basin with a technical development capacity of more than 2 million kw of hydropower resources, make overall planning for the installation of thermal power and the development and construction of new energy such as wind energy and Cecep Solar Energy Co.Ltd(000591) and explore the integration of renewable energy dominated by water and scenery.
Shanghai issued the 14th five year plan for the prevention and control of soil and groundwater pollution in Shanghai. The plan proposes that by 2025, the safe utilization rate of polluted cultivated land will reach more than 95% (binding), the safe utilization of key construction land will be effectively guaranteed (binding), and the groundwater environmental quality will meet the national target (expected). The main tasks focus on strengthening the source management of soil pollution, consolidating and improving the classified management of agricultural land, ensuring the safe utilization of construction land, strengthening the protection and management of groundwater environment, and improving the supervision of soil and groundwater environment.
Investment suggestion: the integration of water and scenery can effectively ensure the consumption of wind and photoelectric quantity with strong volatility; With the clear price mechanism and the demand for wind and solar energy distribution and storage, the competition for pumping and storage resources will become increasingly fierce; The strong cash flow of large hydropower can strongly support its participation in the upsurge of new energy construction. In the electric power industry, China Yangtze Power Co.Ltd(600900) , China National Nuclear Power Co.Ltd(601985) , Shenergy Company Limited(600642) , thermal power , and China Three Gorges Renewables (Group) Co.Ltd(600905) , green power , are recommended to pay attention to Huaneng Lancang River Hydropower Inc(600025) , Sdic Power Holdings Co.Ltd(600886) , Cgn Power Co.Ltd(003816) ; In the environmental protection industry, Beijing Geoenviron Engineering & Technology Inc(603588) , which belongs to the environmental remediation sector, is recommended to pay attention to Grandblue Environment Co.Ltd(600323) , which belongs to the waste treatment sector.
Risk tip: declining demand; Price reduction; Rising costs; Reduction of precipitation; Local financial pressure; Policy promotion lags behind.
