环保与公用事业行业周报：9月用电量同比+8.5%，三产、居民用电保持高增

Investment Rating - The report maintains an "Outperform" rating for the utility sector [2] Core Views - The utility sector is expected to benefit from the ongoing transition towards low-carbon energy, with significant growth in renewable energy installations such as wind and solar power [4][29] - The report highlights the robust growth in electricity consumption, particularly in the tertiary sector and residential areas, indicating strong demand for energy [3][29] Summary by Sections Market Review - The utility sector index increased by 0.8% this week, while the environmental sector index rose by 5.8% [11] - The environmental sub-sector saw the largest gains in air pollution control, which increased by 13.4% [12] Industry Dynamics - The National Development and Reform Commission issued a plan to improve carbon emission statistics, aiming for comprehensive reporting systems by 2025 [2][35] - The Ministry of Industry and Information Technology anticipates the total output value of the environmental equipment manufacturing industry to reach nearly 1 trillion yuan this year [2][4] Investment Recommendations - The report recommends actively seizing investment opportunities in energy-saving and environmental protection sectors, highlighting companies such as Guolin Technology and Beijie Tech as key picks [4] - It suggests focusing on companies involved in renewable energy, including South Grid Technology and China Nuclear Power [4] Electricity Consumption Data - In September, total electricity consumption reached 847.5 billion kWh, a year-on-year increase of 8.5% [3][29] - The cumulative installed power generation capacity reached approximately 3.16 billion kW by the end of September, marking a 14.1% year-on-year growth [29] Company Performance - The report lists several companies with strong performance, including Guangxi Energy and Kaiteng Gas, which saw significant stock price increases [15]