Environmental protection point of view: the Ministry of ecological environment said that we should vigorously promote green and low-carbon development and deepen the battle of pollution prevention and control
The Ministry of ecology and environment held a party group meeting and said it would vigorously promote green and low-carbon development. 1) The two sessions closed and put forward the work objectives in the field of ecological environment in 2022. On the one hand, we should strengthen the comprehensive treatment of the ecological environment and deepen the battle of pollution prevention and control; On the other hand, orderly promote the carbon neutralization of carbon peak, implement the action plan of carbon peak, promote the energy revolution, ensure energy supply, promote the low-carbon transformation of energy, promote the planning and construction of large-scale wind and solar power bases and their supporting regulatory power sources, and improve the consumption capacity of the power grid for renewable energy generation. 2) The implementation of carbon peak action has become the focus of work in the field of environment in 2022, and the installed scale of wind power and photovoltaic will still maintain a high growth rate. 2022 will become the first complete year for China to promote the implementation of the specific action goal of carbon peak, and will actively promote the transformation of low-carbon energy and the energy conservation and carbon reduction of “two high” industries. The action plan for reaching the carbon peak before 2030 proposes that by 2030, the total installed capacity of wind power and Cecep Solar Energy Co.Ltd(000591) power generation will reach more than 1.2 billion kw. By the end of 2021, China’s installed capacity of grid connected wind power and photovoltaic power was 328 million KW and 307 million KW respectively, totaling 635 million KW. If the installed capacity target in 2030 is to be achieved, the installed capacity will need to be increased by 565 million kW in the next nine years, with a CAGR of 7.33%. 3) Comprehensive treatment of the ecological environment has been promoted in an all-round way, and attention has been paid to energy and water conservation and recycling of waste materials. Compared with the key work in the field of environmental protection in 2021, the collection and treatment of hazardous and medical wastes will no longer be emphasized in 2022, and the supporting policies in the fields of energy conservation, water saving and recycling of waste materials will be added and improved. Since the implementation of waste classification policy, the recycling of waste materials has attracted policy attention for many times. The plan also proposes to improve the recycling network of waste materials and realize the full collection of renewable resources; By 2025, the recycling capacity of nine major renewable resources, including waste iron and steel, waste copper, waste aluminum, waste lead, waste zinc, waste paper, waste plastic, waste rubber and waste glass, will reach 450 million tons, and 510 million tons by 2030. The construction of waste material recycling system is expected to accelerate and benefit companies in the field of recycling.
Specialized and special new viewpoint: specialized and special new enterprises urgently need policy support and pay attention to the two main investment lines of domestic substitution and “carbon neutralization”
Yang Keng, deputy to the National People’s Congress and chairman of the board of directors of Blu ray Holdings Group, put forward four suggestions for specialized and special new enterprises at the two sessions of the National People’s Congress: ① strengthen financial support for “specialized and special new” enterprises, take the lead by the government to establish a regional or even national financing information communication platform in different fields, and strengthen the connection between enterprises and capital; ② Supporting relevant industrialized public technology platform services, it is suggested that the regional government can cooperate with the “specialized and special new” enterprises with the role of technology benchmark in the industry to build a public technology platform and realize industry sharing; ③ Improve the access and exit mechanism of “little giant”; ④ Improve the talent training mechanism of “specialized and special new” in the future. Considering the strength of policy support and the urgency of demand, it is suggested to pay attention to two main investment lines: 1) domestic substitution: there is a problem of high import dependence in some “neck” areas of manufacturing industry. Under the background of trade friction, the demand for domestic substitutes such as core parts is becoming stronger and stronger. Made in China 2025 proposes that 70% of core basic parts and key basic materials will be independently guaranteed by 2025. With the encouragement of policies, the R & D process of alternative products with core competitiveness is expected to accelerate and drive the rapid growth of relevant enterprises. 2) “Carbon neutralization”: the 30 / 60 target is determined. It is expected that during the 14th Five Year Plan period, the installed scale of photovoltaic and wind power and the penetration rate of new energy vehicles are expected to accelerate, driving the rapid growth of the demand for components and equipment in the whole industry chain.
Industry rating and investment strategy: the short-term and medium-term demand of some segments of the environmental protection industry has increased, and the overall valuation of the industry is slightly lower than the average value of recent one year, so bargain hunting can be arranged; Based on the urgent needs of the industry, we recommend and support “new and specialized enterprises”, which is conducive to the rapid development of the industry.
Suggestions for attention this week: Pony Testing International Group Co.Ltd(300887) (buy), Gcl Energy Technology Co.Ltd(002015) , Shenzhen Yanmade Technology Inc(688312) , Guangdong Huatie Tongda High-Speed Railway Equipment Corporation(000976)
Risk warning: the progress of policy implementation is less than expected; The order growth rate of listed companies was lower than expected; Changes in tax preference system; The progress of M & A is less than expected; Repeated impact of the epidemic; Focus on the company’s performance less than expected.
