环保设备Ⅱ行业：环保装备产业高质发展获得政策支撑

Investment Rating - The industry investment rating is Neutral (First Time) [1] Core Insights - The environmental equipment manufacturing industry is experiencing stable momentum, and its high-quality development holds long-term strategic significance. The industry has seen a compound annual growth rate of approximately 6% since the 13th Five-Year Plan, with total output value reaching 920 billion yuan in 2024, and export delivery value increasing by 1.8% to 39.2 billion yuan [5][3] - The recent policy document from the Ministry of Industry and Information Technology outlines clear development goals for the environmental equipment manufacturing industry, aiming for significant improvements in market share of advanced technology equipment by 2027 and a more self-sufficient and competitive industry by 2030 [5][3] - The report emphasizes the importance of innovation and comprehensive competitiveness in the industry, suggesting that investors focus on listed companies that are strong in these areas and are involved in the key technologies mentioned in the policy [5][3] Summary by Sections Industry Performance - Over the past twelve months, the industry has shown relative returns of 6.58% over one month, 0.63% over three months, and a decline of 4.3% over twelve months compared to the CSI 300 index [2] Policy Support - The recent policy document titled "Several Opinions on Promoting the High-Quality Development of the Environmental Equipment Manufacturing Industry" was released on March 12, 2025, providing a framework for future growth and development in the sector [3][5] Development Goals - The policy aims for a significant increase in the market share of advanced technology equipment by 2027, with a focus on addressing supply chain bottlenecks and enhancing the competitiveness of the industry [5][3] Investment Recommendations - Investors are advised to pay close attention to companies with strong innovation capabilities and comprehensive competitiveness, particularly those involved in the key technologies highlighted in the recent policy [5][3]