环保行业周报：国务院印发《关于解决拖欠企业账款问题的意见》，中国资源循环集团组建成立

Investment Rating - The report maintains a recommendation for the environmental protection industry [1][2] Core Insights - The environmental protection industry is experiencing a valuation shift towards "low valuation, high dividend" stocks, with a focus on companies that demonstrate strong operational capabilities and potential for excess profits [2][34] - The establishment of the China Resource Recycling Group aims to enhance resource recycling and utilization, indicating a supportive policy environment for the industry [2][31] Summary by Sections Important Data Tracking - From October 14 to October 18, 2024, the national carbon market saw a trading volume of 1.0633 million tons, an increase of 8.56% compared to the previous period [1][10] - The closing price for carbon emission allowances was 103.51 CNY/ton, reflecting a 2.54% increase from the previous period [1][10] - In August 2024, the export volume of biodiesel and its mixtures was 60,000 tons, down 62.78% year-on-year [1][16] Market Performance - During the same period, the A-share environmental protection index rose by 3.88%, with sub-sectors such as solid waste treatment and air pollution control showing significant gains [2][19] - The A-share environmental protection sector's PE (TTM) valuation stands at 18 times [2][19] Industry News - The State Council issued opinions on resolving overdue corporate payments, emphasizing the importance of a healthy business environment [2][31] - The China Resource Recycling Group was officially established to promote resource recycling and utilization [2][31] Key Company Announcements - Huanlan Environment expects a net profit of 1.385 billion CNY for the first three quarters of 2024, an increase of approximately 18.82% year-on-year [2][32] Investment Suggestions - The report suggests focusing on companies with strong operational capabilities and those that are well-positioned for growth in emerging environmental sectors [2][37] - Recommended stocks include Hongcheng Environment in the water treatment sector, and Huanlan Environment and Weiming Environmental in solid waste treatment [2][37]