环保行业周报：广东发布《美丽广东建设规划纲要（2024-2035年）》

Investment Rating - The report maintains a "Recommended" investment rating for the environmental protection industry [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 stable operational capabilities and potential for excess profits [4][43] - New growth opportunities are emerging in the environmental sector, particularly in areas like semiconductor waste gas treatment and flexible transformation of thermal power plants [46][47] - The report highlights the importance of companies that are successfully expanding into new business areas while leveraging their existing operational strengths [47] Summary by Sections Important Data Tracking - From December 2 to December 6, 2024, the national carbon market saw a trading volume of 2.7241 million tons, a decrease of 25.82% compared to the previous period [1][17] - The closing price for carbon emission allowances was 100.94 CNY/ton, reflecting a 1.41% decrease from the prior period [1][17] - In October 2024, biodiesel exports totaled 74,900 tons, down 36.77% year-on-year, while UCO exports reached 223,800 tons, up 18.72% year-on-year [1][24] Market Performance - The A-share environmental index rose by 3.36% during the reporting period, with the solid waste treatment and resource utilization sub-sector increasing by 2.87% [27] - The A-share environmental sector's PE (TTM) valuation stands at 19 times as of December 6, 2024 [27] Industry News - Guangdong Province released the "Beautiful Guangdong Construction Planning Outline (2024-2035)," aiming for a green, low-carbon economy and improved ecological environment by 2035 [37] Key Company Announcements - Companies like Zhongsheng High-Tech and Longjing Environmental Protection are making significant moves, including share buybacks and employee stock ownership plans, indicating a focus on enhancing shareholder value [38][39][41]