Environmental protection perspective: the action of black and smelly water treatment in county-level cities has been started
On April 14, the four ministries and commissions jointly issued the implementation plan for deepening the battle for the treatment of urban black and smelly water bodies, which proposed that by the end of June 2022, the county-level city government should complete the investigation of black and smelly water bodies in built-up areas and formulate the treatment plan of urban black and smelly water bodies. By 2025, the proportion of black and odorous water bodies in the built-up areas of county-level cities will reach 90%, and Beijing Tianjin Hebei, Yangtze River Delta and Pearl River Delta will strive to be completed one year ahead of schedule. 1) The “13th five year plan” has achieved remarkable results in the treatment of black and odorous water bodies, and the “14th five year plan” focuses on the treatment of black and odorous water bodies in county-level cities. The plan proposes that by 2022, 2023 and 2024, the elimination proportion of black and odorous water bodies in county-level cities will reach 40%, 60% and 80% respectively. Compared with the implementation plan for urban black and smelly water treatment issued in 2018, this document focuses more on the treatment of black and smelly water at the county level; The governance rhythm requirements for county-level cities during the 14th Five Year Plan period are basically the same as those for cities during the 13th Five Year Plan period. The actions during the 13th Five Year Plan period have made the elimination rate of black and odorous water bodies in 295 prefecture level and above cities (excluding prefectures and leagues) reach 98.2%, and achieved very good treatment results. 2) Pay close attention to the collection of urban domestic sewage. The notice proposes that by 2025, the centralized collection rate of urban domestic sewage will strive to reach more than 70%; The scale of influent biochemical oxygen demand (BOD) concentration of sewage treatment plant higher than 100 mg / L accounts for more than 90%. The implementation plan for strengths and weaknesses of urban domestic sewage treatment facilities has repeatedly mentioned to do a good job in sewage collection and treatment and improve the efficiency of domestic sewage collection. This time, it clearly puts forward the quantitative goal of 2025 and formulates clear guidelines for strengthening sewage collection..
Specialized and new viewpoint: focus on the two investment mainlines of domestic substitution and “carbon neutralization”
After 2018, China will strengthen the cultivation of specialized, special and new enterprises, promote the development of small and medium-sized enterprises to “specialization, refinement, characteristics and novelty”, and strive to achieve the goals of “making up for weaknesses”, “forging long sectors” and “filling gaps” in key links and key fields of the industrial chain. The cultivation of specialized and special new enterprises focuses on the “four basic” fields of industry or the ten key industrial fields of manufacturing power. At present, 4922 specialized and special new “little giant” enterprises have been cultivated, including 361 A-share listed companies. Provinces and cities have successively issued policies to vigorously support the cultivation of specialized and special new enterprises at the national, provincial and municipal levels, and encourage small and medium-sized enterprises to increase R & D efforts to achieve fine and high-quality development. 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 has been lower than the average value of nearly one year, so it can be arranged on bargain hunting; The urgent need to cultivate “specialized and special new” enterprises and strong policy support are conducive to the rapid development of enterprises in the industry. Based on this, we give the “recommended” rating to the environmental protection & specialized and special new industry.
Suggestions for attention this week: Pony Testing International Group Co.Ltd(300887) (buy), Gcl Energy Technology Co.Ltd(002015) (buy), 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.
