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 [2]. Core Insights - The report highlights investment opportunities in energy-saving and carbon reduction transformations in the power sector [2]. - The average coal consumption for power generation has been decreasing, and the carbon emission benchmark for coal-fired power plants is also declining annually [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 sets a target to reduce average carbon emissions from coal-fired power plants by 50% 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 aims for the first batch of coal power low carbon transformation projects to commence by 2025, with a requirement to reduce carbon emissions by 20% compared to 2023 levels [6]. - The report outlines pathways for low carbon transformation, including biomass power generation, co-firing green ammonia, and carbon capture utilization and storage [6][7]. Environmental Sector Weekly Performance - The environmental sector, gas, water, and electricity indices experienced fluctuations of -1.62%, -1.45%, -2.08%, and +0.22% respectively [3]. - The top five gainers in the environmental sector were: Shijin Technology (+9.85%), Zhongchuang Environmental Protection (+8.47%), Juguang Technology (+6.16%), Guozhong Water (+4.73%), and Landun Optoelectronics (+4.24%) [3]. - The top five decliners included: Kailong High-Tech (-19.79%), Boschke (-9.15%), Sains (-8.29%), Yueyang Lin Paper (-8.29%), and Tianrui Instrument (-8.23%) [3]. Carbon Neutrality Sector Tracking - The national carbon market saw a transaction of 644,800 tons of carbon emission allowances (CEA), a decrease of 43% from the previous week, with an average transaction price of 90.20 yuan/ton [10]. - Local exchanges reported a transaction of 589,900 tons of carbon allowances, an increase of 54%, with an average price of 53.30 yuan/ton [10]. - The report notes that the highest average price for carbon allowances was in Beijing at 97.96 yuan/ton, while the lowest was in Fujian at 28.98 yuan/ton [10]. 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 entering marine environments [13]. - The report mentions the release of the "Carbon Benefit Project Emission Reduction Accounting Technical Specification for Low-Carbon Travel" by the Beijing-Tianjin-Hebei region, effective from October 1, 2024 [12]. 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% [14]. - Delin Hai anticipates a revenue of 190 million to 240 million yuan for the same period, representing a growth of 79.83% to 127.16% compared to the previous year [14]. - Juguang Technology expects a net profit of 44 million to 47 million yuan for the first half of 2024 [14].