公用事业行业周报：积极推进能源绿色低碳转型，双化协同加速发展

Investment Rating - The report maintains an "Outperform" rating for the industry [3]. Core Insights - The report emphasizes the active promotion of energy green and low-carbon transformation, with an increasing "green" content in energy [3][13]. - It highlights the accelerated development of dual transformation, focusing on the deep integration of emerging technologies with green and low-carbon initiatives [3][22]. Summary by Sections Market Review - From August 26 to August 30, the electricity sector declined by 2.21%, the gas sector by 0.87%, the water sector by 5.02%, while the environmental sector increased by 0.95%. During the same period, the CSI 300 index fell by 0.17% [8]. Industry Insights - The report discusses the release of the white paper "China's Energy Transformation" by the State Council on August 29, 2024, which outlines six chapters focusing on energy transformation, green consumption, new energy supply systems, and modern energy governance [13][26]. - It mentions the promotion of non-fossil energy development, including wind, solar, hydro, nuclear, biomass, geothermal, and marine energy, aiming for high-quality growth [14][16]. - The report also notes the importance of integrating traditional and new energy sectors to enhance energy system resilience [16]. Investment Recommendations - The report recommends specific companies within various sectors: - Hydropower: Longjiang Power, with cautious attention to Qianyuan Power, Guotou Power, Huaneng Hydropower, and Chuan Investment Energy [3]. - Thermal Power: Focus on Sheneng Co. and Funeng Co., with cautious attention to Huadian International, Jiangsu Guoxin, and Zhejiang Energy [3]. - Nuclear Power: Recommend China Nuclear Power, with cautious attention to China General Nuclear Power [3]. - Green Power: Attention to Three Gorges Energy, with cautious attention to Longyuan Power, Zhejiang New Energy, and Zhonglv Power [3]. - Waste Management: Focus on Yingfeng Environment, Yutong Heavy Industries, and Fulongma, with attention to Wangneng Environment, Hanlan Environment, Sanfeng Environment, Yongxing Co., High Energy Environment, and China Everbright Environment [3]. Industry Dynamics - The report highlights the issuance of the "Digital Green Collaborative Transformation Development Implementation Guide" by ten departments, aiming to integrate digital technologies with green and low-carbon industries [22][24]. - It discusses the need for optimizing data center energy supply methods and promoting green data centers [24]. Company Announcements - Various companies reported their financial results, with notable increases in revenue and net profit for some, such as Huaneng International and Jiangsu Guoxin, while others like Jineng Power and ST Lingda reported significant declines [27][29][33].