环保与公用事业周报：1-8月份全国电力工业统计数据发布，电网工程投资完成额同比增长超20%

Investment Rating - The report maintains an "Outperform" rating for the utility sector [3] Core Insights - The utility sector has shown significant growth, with the Shenwan (2021) utility industry index rising by 7.9% and the environmental industry index increasing by 12.7% [3][27] - The report highlights the ongoing expansion of the carbon market in China, with plans to include more participants and sectors [3][59] - Recommendations include focusing on energy-saving and environmental protection sectors, which are expected to maintain high growth [5] Market Performance - The utility sector's performance has been strong, with various sub-sectors such as energy conservation and environmental protection showing notable increases in stock prices [3][29] - Specific sub-sectors like air pollution control and water treatment have seen significant gains, with air pollution control rising by 24.9% [3][29] Industry Dynamics - The National Energy Administration reported a cumulative installed power generation capacity of approximately 3.13 billion kilowatts as of August, a year-on-year increase of 14.0% [55] - The report emphasizes the importance of the circular economy and resource recycling, with government initiatives supporting these areas [3][56] - The report also notes the increase in investment in power generation and grid projects, with a total investment of 497.6 billion yuan in power generation projects, up 5.1% year-on-year [55] Recommendations - Key companies recommended for investment include Jiangsu New Energy, China Nuclear Power, and Huaneng International, among others [5][6] - The report suggests focusing on companies involved in renewable energy, such as wind and solar power, which are expected to continue growing rapidly [5][6]