Market review: this week, the public utilities (Shenwan) industry index fell 1.57%, underperforming the Shanghai and Shenzhen 300 index by 0.41%. All fine-grained industries in the environmental protection industry fell, of which gardens, solid waste treatment and water fell more; Among the sub sectors of the public sector, hydropower rose and the rest fell.
Special research: hydrogenation station is a special place for filling hydrogen fuel for fuel cell vehicles and an important infrastructure for hydrogen energy application. With the promotion of national policies and the growth of downstream fuel cell vehicle ownership, the number of hydrogen refueling stations is expected to increase rapidly. Compressors, hydrogen storage containers and hydrotreaters account for a high proportion of the construction cost of the hydrogenation station. With the promotion of the construction of the hydrogenation station, the market demand for compressors, hydrogen storage containers and hydrotreaters is expected to increase rapidly, and relevant companies are expected to benefit significantly.
Industry trends: the national development and Reform Commission proposes to focus on accelerating the improvement of the “1 + n” policy system for carbon peaking and carbon neutralization in 2022, reviewing and connecting the implementation plans of carbon peaking in various regions, promoting breakthroughs in key work, promoting energy conservation and carbon reduction at a high level, consolidating the foundation for carbon peaking and carbon neutralization, and coordinating international cooperation in coping with climate change. The 14th five year plan for water security protection points out that by 2025, the ability to prevent flood and drought disasters, the ability to save and intensively use water resources, the ability to optimize the allocation of water resources, the ability to protect and control rivers and lakes will be further strengthened, and the national water security guarantee ability will be significantly improved.
Investment suggestion: the “14th five year plan” period is the key time window for reaching the peak of carbon, the intensity of carbon control and emission policy is expected to exceed expectations, and the environmental protection public utility industry will usher in development opportunities. The promotion of carbon neutralization policy has opened up new growth space and brought incremental income sources for the development of environmental protection industry, and grasped the four investment directions of low-carbon development on the supply side, electrification on the consumer side, infrastructure of carbon trading, and incremental income of CCER caused by carbon trading. It is recommended to pay attention to Pony Testing International Group Co.Ltd(300887) , China Building Material Test & Certification Group Co.Ltd(603060) , Centre Testing International Group Co.Ltd(300012) , Grandblue Environment Co.Ltd(600323) , Chongqing Sanfeng Environment Group Corp.Ltd(601827) , Shanghai Environment Group Co.Ltd(601200) , Shandong Intco Recycling Resources Co.Ltd(688087) . The implementation of the sixth national plan brings opportunities for post-processing industrial chain. It is suggested to pay attention to Wuxi Longsheng Technology Co.Ltd(300680) , Jiangsu Lopal Tech.Co.Ltd(603906) . Waste recycling brings new market opportunities. It is suggested to pay attention to the rapid and large-scale recycling of organic residue Road Environment Technology Co.Ltd(688156) . Low carbon transformation of energy structure is a key measure to achieve carbon neutrality. Fengguang new energy operation welcomes development opportunities. It is suggested to pay attention to Huaneng Power International Inc(600011) , Huadian Power International Corporation Limited(600027) , China Resources Power, and new energy power generation. It is suggested to pay attention to Fujian Funeng Co.Ltd(600483) , China Three Gorges Renewables (Group) Co.Ltd(600905) , Longyuan power, Cecep Wind-Power Corporation(601016) , Jilin Electric Power Co.Ltd(000875) , Zhejiang Sunoren Solar Technology Co.Ltd(603105) . Meanwhile, the installed capacity of gas and electricity is expected to continue to increase in the future, and the demand for natural gas market will continue to improve. It is suggested to pay attention to Enn Natural Gas Co.Ltd(600803) with outstanding advantages in the integrated layout of the industrial chain and Top Resource Conservation & Environment Corp(300332) with the continuous growth of natural gas business brought about by the transformation and development of Shenan line. The operation of Shenan power line brings Top Resource Conservation & Environment Corp(300332) for the continuous growth of natural gas business. The Hangzhou Shenhao Technology Co.Ltd(300853) , Zhiyang Innovation Technology Co.Ltd(688191) , Suwen Electric Energy Technology Co.Ltd(300982) of intelligent operation inspection standards in the power industry. Industrial temperature control expert, promising target of energy storage and heat management Guangdong Shenling Environmental Systems Co.Ltd(301018) . The power shortage and the continuous widening of peak valley price difference promote the demand for enterprise energy consumption control. It is suggested to pay attention to the enterprise microgrid integrated energy management solution supplier Acrel Co.Ltd(300286) .
Risk warning: the project progress is not as expected; Intensified market competition; The public data used in the research report may have the risk of information lag or untimely update.
