环保行业周报：关注电力节能降碳改造的投资机会

Investment Rating - The report maintains an "Overweight" rating for the environmental protection industry, consistent with the previous rating [1]. Core Insights - The report highlights investment opportunities in energy-saving and carbon reduction transformations in the power sector [1][6]. - The average coal consumption for power generation has been decreasing, and the carbon emission benchmark for coal-fired power plants is set to decline further [6][7]. - The report emphasizes the importance of the "Coal Power Low Carbon Transformation Construction Action Plan (2024-2027)" issued by the National Development and Reform Commission and the National Energy Administration, which aims for a 50% reduction in average carbon emissions from coal-fired power plants by 2027 [6][7]. Summary by Sections Weekly Investment Perspective - The coal power low carbon transformation has made initial progress, with a clear funding support mechanism in place [6]. - The plan sets quantitative reduction targets, with the first batch of transformation projects expected to commence by 2025 [6][7]. - The transformation paths include biomass power generation coupling, green ammonia co-firing, and carbon capture utilization and storage [6][7]. Environmental Sector Weekly Performance - The environmental sector index experienced a decline of 1.62% last week, while the gas and water sectors also saw negative fluctuations [3][9]. - The top five gainers in the environmental sector included Shijin Technology (+9.85%) and Zhongchuang Environmental Protection (+8.47%) [3][9]. - The top five decliners included Kailong High-Tech (-19.79%) and Boschke (-9.15%) [3][9]. Carbon Neutrality Sector Tracking - The national carbon market saw a transaction volume of 644,800 tons, a decrease of 43% from the previous week, with an average transaction price of 90.20 yuan/ton [11]. - Local exchanges reported a transaction volume of 589,900 tons, an increase of 54%, with an average price of 53.30 yuan/ton [11]. Important Events in the Environmental Industry - The "Supervision and Management Measures for Marine Discharge Outlets (Trial)" was approved, emphasizing the need for effective management to reduce pollution [14]. - The Beijing-Tianjin-Hebei region released the "Carbon Benefit Project Emission Reduction Accounting Technical Specification for Low-Carbon Travel," effective from October 1, 2024 [12][13]. Major Announcements from Environmental Listed Companies - Tongxing Environmental Protection expects a net profit of 18.21 million to 22.95 million yuan for the first half of 2024, a year-on-year decline of 42.29% to 54.20% [15]. - Delin Hai anticipates a revenue of 190 million to 240 million yuan, a growth of 79.83% to 127.16% compared to the previous year [15].