环保行业周报：强化危废分级管理，推动行业提质升级

Investment Rating - The report maintains an "Overweight" rating for the environmental protection industry [1] Core Insights - The report highlights the revision of the National Hazardous Waste List (2025 Edition) by the Ministry of Ecology and Environment and other departments, which will enhance the classification and management of hazardous waste, thereby improving environmental risk prevention capabilities [4][14] - It emphasizes the importance of building resilient cities through new infrastructure, which will enhance urban risk prevention and governance capabilities [4][22] - The report suggests focusing on leading companies in hazardous waste treatment and resource recovery, such as Dongjiang Environmental, GaoNeng Environment, and GreeNMei [4][21] Summary by Sections 1. Weekly Investment Insights - The revised National Hazardous Waste List will take effect on January 1, 2025, adding three new types of hazardous waste and improving exemption regulations [4][14] - The central government has issued opinions on promoting new urban infrastructure to build resilient cities, emphasizing digital, networked, and intelligent infrastructure [4][22] - The current macroeconomic environment features historically low interest rates, making high-dividend and growth-oriented assets attractive [5][39] 2. Sector Performance Review - The environmental protection sector performed moderately, slightly underperforming the broader market but outperforming the ChiNext index [5][45] - The sector's subcategories showed varied performance, with monitoring and water treatment leading the gains [5][45] 3. Industry News Review - New regulations in Hunan Province for water pollution prevention will take effect on May 1, 2025, placing responsibility on enterprises for pollution control [5][52] - The "Beautiful Guangdong Construction Plan (2024-2035)" outlines goals for ecological civilization and environmental protection [5][53] - Qinghai Province has issued implementation opinions to enhance ecological environment zoning and control [5][54] 4. Key Announcements Summary - The report recommends focusing on companies with strong technological capabilities and cash flow, particularly in the hazardous waste sector, such as GaoNeng Environment and Huicheng Environmental [5][38][42]