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创业环保(600874)沪港通专栏:憧憬内地两会环保政策出台

Start-up Environmental Protection (600874) Shanghai-Hong Kong Stock Connect column: looking forward to the introduction of environmental protection policies of the two sessions in the mainland

長雄證券 ·  Feb 22, 2017 00:00  · Researches

Founded in 1993 and based in Tianjin, the fair is mainly responsible for sewage treatment, construction management of sewage treatment, tap water supply, cooling service and related facilities, while the service is distributed in the central and western areas of Tianjin, and there are special rights for four sewage treatment plants in Tianjin central city, such as Jingu Road, Xianyu Road, suburbs and Beichen. In total, the average daily sewage treatment capacity is 1.5 million cubic meters. In addition, the collection also develops and sells equipment for environmental protection technology and environmental protection products.

(1) in the nine months ended September 2016, the net income of the collection industry was 1.482 billion yuan (the same below), a slight decrease of 0.5% on a year-on-year basis, mainly due to the profit of environmental protection equipment sales. On the contrary, the share profit increased by 1.22% to 367 million yuan, and most of the increase came from the operating income of sewage treatment services in areas outside Tianjin and Hangzhou. Thus it can be seen that the urban sewage treatment services in the western and central regions, which were collected abroad in the early years, are developing at a high speed, which at the same time is the growth of health efforts in the future.

(2) in terms of industry, the National Development and Reform Commission has stated in its recently published plans that inland areas will achieve the target of 95% municipal sewage treatment rate by the end of 2020, and will greatly increase the coverage of sewage treatment facilities in major inland cities. It is believed that this will provide some support for the long-term development of inland water industry. In addition, the centralization of sewage treatment PPP projects approved by the Development and Reform Commission is satisfactory, coupled with the fact that the bazaar also held a discussion on several sewage treatment services at the end of last year, it is expected that the market share of sewage treatment and supply services will be further increased, and will help to improve the future net income and profitability.

(3) in addition, the situation of the northern inland cities trapped by the haze is still serious, which makes the market look forward to the introduction of favorable policies related to environmental protection and new energy at the National people's Congress and political Consultative Conference to be held in March. The demand for sewage treatment by the expected policy has greatly increased, so that the duty value of the collection has been raised. While stock market stocks are now in the bank channel, but judging from the fact that in previous years, funds generally flowed into insurance-related stocks in advance before the end of the "festivals," it is believed that stock market stocks will directly benefit and develop upward. Therefore, investors can collect funds near the market level, and the market target is expected to reach the level of 9 yuan.

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