环保行业周报：生态环境部原则通过《国家危险废物名录（修订草案）》，浙江全面深化美丽浙江建设

Investment Rating - The report maintains a recommendation for the environmental protection industry, indicating a "hold" status for investment [3]. Core Insights - The environmental protection sector is experiencing a valuation adjustment, with traditional environmental companies showing characteristics of "low valuation and high dividend" amidst a stable operational environment. This could lead to a revaluation of their stock prices [5]. - New growth opportunities are emerging in the environmental sector, particularly in areas like semiconductor waste gas treatment, driven by economic and social development [5]. - The report emphasizes the importance of operational stability and cash flow in selecting investment targets, focusing on companies with strong operational capabilities and potential for secondary growth [5]. Summary by Sections Important Data Tracking - From November 11 to November 15, 2024, the national carbon market saw a trading volume of 1.4144 million tons, a significant increase of 220.49% compared to the previous period. The closing price for carbon emission allowances was 104.78 CNY/ton, showing a slight decrease [20][3]. - In September 2024, the export volume of biodiesel and its mixtures was 70,400 tons, reflecting a year-on-year decrease of 41.12% but a month-on-month increase of 17.44% [28][3]. Market Performance - During the period from November 11 to November 15, the A-share environmental protection index fell by 4.17%, while the H-share index decreased by 5.22%. The PE (TTM) valuation for the A-share environmental sector stood at 18 times [33][3]. - The top five performing companies during this period included Shengjian Technology (up 13.57%) and Yutong Heavy Industry (up 12.83%) [33][3]. Industry News - The Ministry of Ecology and Environment has approved the revised National Hazardous Waste List, which is crucial for hazardous waste management and environmental safety [44][3]. - Zhejiang Province has issued implementation opinions for the comprehensive deepening of the "Beautiful Zhejiang" initiative, aiming for a modern ecological environment governance system by 2035 [44][3]. Key Company Announcements - Xianhe Environmental announced that its controlling shareholder plans to increase its stake in the company by up to 5% within six months [45][3]. - Huicheng Environmental reported a change in its major shareholder due to the completion of a stock incentive plan [45][3]. Investment Suggestions - The report suggests focusing on "low valuation and high dividend" stocks in the environmental sector, as well as companies with strong operational capabilities and potential for growth in emerging environmental industries [5][48]. - Recommended companies include Hongcheng Environment in the water and wastewater treatment sector, and Huanlan Environment and Weiming Environmental in solid waste treatment [52][5].