Market review: as of April 22, 2022, Shenwan environmental protection industry fell by 4.77% in the week, 0.58 percentage points lower than the CSI 300 index and ranked 20th among Shenwan 31 industries; Shenwan environmental protection sector fell 11.21% in the same month, losing 6.25 percentage points to the Shanghai and Shenzhen 300 index, ranking 22nd among Shenwan 31 industries; Shenwan environmental protection sector has fallen 22.32% year to date, 3.55% lower than the CSI 300 index, ranking 22nd among Shenwan's 31 industries.
As of April 22, 2022, the sub boards of the environmental protection industry of Shenwan fell in that week, of which the comprehensive environmental treatment sector fell by 2.35%, the environmental protection equipment sector fell by 2.65%, the solid waste treatment sector fell by 4.00%, the water and water treatment sector fell by 4.45%, and the atmospheric treatment sector fell by 6.25%.
Among the top ten stocks that rose in the week, Tianyuan environmental protection, Tus Environmental Science And Technology Development Co.Ltd(000826) and Shanghai Emperor Of Cleaning Hi-Tech Co.Ltd(603200) ranked among the top three in Shenwan environmental protection, with increases of 7.82%, 7.44% and 6.92% respectively. Among the top ten stocks that fell in the week, Xinjiang Guotong Pipeline Co.Ltd(002205) , Tongxing Environmental Protection Technology Co.Ltd(003027) and Beijing Sanju Environmental Protection & New Materials Co.Ltd(300072) fell significantly, with declines of 28.62%, 20.84% and 17.57% respectively.
Valuation: as of April 22, 2022, the PE (TTM) of environmental protection sector was 17.78 times; In terms of sub sectors, the PE (TTM) of the atmospheric treatment sector is 26.54 times, the PE (TTM) of the water affairs and water treatment sector is 17.11 times, the PE (TTM) of the solid waste treatment sector is 14.06 times, the PE (TTM) of the comprehensive environmental treatment sector is 40.90 times, and the PE (TTM) of the environmental protection equipment sector is 21.15 times.
Important news: on April 18, according to the report of the State Council on the completion of environmental conditions and environmental protection objectives in 2021, in 2021, the national ecological environment quality improved significantly and the environmental security situation tended to be stable, but the foundation for a stable and good ecological environment is not stable.
Zhou's view of the environmental protection industry: according to the report of the State Council on the completion of environmental conditions and environmental protection objectives in 2021, the national ecological environment quality will be significantly improved and the environmental security situation will be stable in 2021, but the foundation for a stable and good ecological environment is not stable. Among them, in terms of atmospheric environment, 29.8% of urban PM2 5. The average concentration exceeds the standard. In terms of water ecological environment, it is difficult to eliminate the inferior class V section in a few areas. The cyanobacteria bloom in some key lakes remains high. There are pollution risks around the pollution sources and groundwater drinking water source protection areas, and the imbalance of water ecosystem needs to be solved urgently. In view of the current environmental problems, the Ministry of ecology and environment proposed to organize and implement landmark campaigns such as the elimination of heavily polluted weather, the prevention and control of ozone pollution, the pollution control of diesel trucks, the treatment of urban black and smelly water bodies, the protection and restoration of the Yangtze River, the ecological protection and treatment of the Yellow River and the comprehensive treatment of key sea areas. The demand for the treatment of atmospheric environment and water ecological environment is expected to increase. It is suggested to pay attention to the target of atmospheric treatment Fujian Longking Co.Ltd(600388) ( Fujian Longking Co.Ltd(600388) ), The subject matter of sewage treatment Chengdu Xingrong Environment Co.Ltd(000598) ( Chengdu Xingrong Environment Co.Ltd(000598) ). In addition, the Ministry of ecology and environment proposed to implement the action of making up for the shortcomings of environmental infrastructure, and the investment in environmental infrastructure such as waste incineration plant is expected to increase. It is suggested to pay attention to the subject matter of waste incineration power generation Zhejiang Weiming Environment Protection Co.Ltd(603568) ( Zhejiang Weiming Environment Protection Co.Ltd(603568) ), Chongqing Sanfeng Environment Group Corp.Ltd(601827) ( Chongqing Sanfeng Environment Group Corp.Ltd(601827) ), Dynagreen Environmental Protection Group Co.Ltd(601330) ( Dynagreen Environmental Protection Group Co.Ltd(601330) ).
Risk warning: policy promotion is not as expected; Economic development is less than expected; The construction progress of the project is less than expected; Product price fluctuation risk, etc
