Industry trend: this week, the public utilities and environmental protection index fell 1.57%, and the Shanghai Composite Index fell 1.63%. Among them, the water treatment sector in the environmental protection sector fell by 1.92%; Among the utilities sector, thermal power decreased significantly, down 3.25%, and hydropower sector rose, up 0.15%.
Key points of this week:
1) public utilities perspective:
Deepen the reform of "release, management and service" in the energy field and promote the development of new energy from multiple perspectives: on January 10, 2022, the National Energy Administration issued the implementation opinions on deepening the reform of "release, management and service" in the energy field and optimizing the business environment to promote the accelerated development of new energy from multiple perspectives: 1) promote the establishment of a promotion mechanism for the coordinated development of multiple energy varieties with scenery, water and fire storage as the core, Improve the integrated planning of multi energy complementary projects; 2) Improve the market transaction mechanism, support distributed generation to participate in market transactions, promote distributed generation to participate in green power transactions nearby, and implement relevant price policies; 3) Power grid enterprises are required to do a good job in connecting new energy, distributed energy, new energy storage and other projects to the power grid and power grid interconnection services, so as to improve the consumption capacity. At the same time, the policy proposes to promote the full coverage of the reform of "separation of licenses" in the energy field, vigorously promote the reduction of licenses after licensing and simplify approval, and further promote the accelerated development of new energy. The power sector recommends [ China National Nuclear Power Co.Ltd(601985) ] of nuclear power + new energy two wheel drive, as well as the target [ Huaneng Power International Inc(600011) (a + H)] [ Shanghai Electric Power Co.Ltd(600021) ] [ China Three Gorges Renewables (Group) Co.Ltd(600905) ] [ Cecep Wind-Power Corporation(601016) ] with high construction in progress, large proportion of sea breeze projects and both short-term performance growth and certainty.
2) viewpoint of environmental protection:
The "fourteenth five year plan" environmental plans were issued to promote the high-quality development of environmental protection. Recently, Suzhou, Shanghai, Shenyang, Huangshi and other places have respectively issued the "14th five year plan" environmental plan, which puts forward clear objectives for environmental quality. The national development and Reform Commission printed and distributed the plan for comprehensive treatment of water environment in key river basins in the 14th five year plan. The plan specifies that by 2025, a relatively perfect urban water pollution prevention and control system will be basically formed, and the centralized collection rate of urban domestic sewage will strive to reach more than 70%, so as to basically eliminate urban black and smelly water bodies. It is recommended that the leading enterprise [ Qingdao Guolin Environmental Technology Co.Ltd(300786) ] of ozone generator widely used in municipal water treatment and industrial sewage treatment should pay attention to the leading enterprise of civil centrifugal pump
\u3000\u3000[ Guangdong Lingxiao Pump Industry Co.Ltd(002884) ]。
The battle against pollution will continue to deepen. The 2022 national ecological environment protection conference was held recently. The Ministry of ecological environment said that we should continue to fight the defense war of "blue sky, clear water and pure land", including coordinated control of PM2 5 and ozone pollution; Organize and implement the special action for environmental protection of urban black and smelly water body in 2022; We will promote the prevention and control of soil pollution and the safe use of agricultural land. It is suggested to focus on [ Beijing Geoenviron Engineering & Technology Inc(603588) ] the subject of high-quality soil remediation and [ Wangneng Environment Co.Ltd(002034) ] to enter the recovery of new energy lithium battery and open up the space for performance growth.
Market information tracking:
1) carbon market tracking: the total trading volume of carbon emission quota (CEA) in the national carbon market this week is 3223400 tons, the weekly average price is 49.95 yuan / ton, the highest transaction price is 58.50 yuan / ton, the lowest transaction price is 57.00 yuan / ton, and the closing price on Friday is 57.77 yuan / ton; The total trading volume of local carbon trading markets is 688400 tons. In terms of average transaction price, the highest average transaction price in Guangdong market is 48.19 yuan / ton and the lowest transaction price in Fujian is 4.99 yuan / ton.
2) natural gas price tracking: the national LNG ex factory transaction weekly average price was 4989.01 yuan / ton, a month on month decrease of 8.31 yuan / ton, a decrease of 0.17%; Among them, the weekly average ex factory price of the terminal was 5139.38 yuan / ton, a month on month increase of 30.31 yuan / ton, or 0.59%; The weekly average ex factory price of the factory was 4838.47 yuan / ton, a month on month decrease of 34.16 yuan / ton, or 0.70%.
3) coal market price tracking: the coal price rose slightly this week: according to the data released by the coal resources network, the cci5500 comprehensive price index this week was 768 yuan / ton. From the point of origin, Yulin 5800 kcal index was 862 yuan this week, up 67 yuan on a weekly basis; Inner Mongolia Eerduosi Resources Co.Ltd(600295) 5500 kcal index 732, up 82 yuan week on week; Datong 5500 kcal index was 770 yuan, up 85 yuan on a weekly basis.
Portfolio
\u3000\u3000[ China National Nuclear Power Co.Ltd(601985) ]+[ China Three Gorges Renewables (Group) Co.Ltd(600905) ]+[ Shanghai Electric Power Co.Ltd(600021) ]+[ Huaneng Power International Inc(600011) ]+[ Cecep Wind-Power Corporation(601016) ]+[ Qingdao Guolin Environmental Technology Co.Ltd(300786) ]+[ Wangneng Environment Co.Ltd(002034) ]
Risk tip: the policy promotion is less than expected, the project operation progress is less than expected, the power coal price rises, the water supply of hydropower is less than expected, and the electricity price is reduced.
