各位投资人大家晚上好 我是东吴环保公园的人一轩然后今天的话也是这个再次在这个进门财经这个平台上跟各位领导这边汇报一下龙进环保的最新观点就我们可以看到其实在近期我们团队已经组织了多场龙进环保的线上汇报那其实也可以主要的点点是来自于这个近期在这个大气治理这一块政策评出啊 我们可以看到其实可追溯的就至少是有三个政策也包括了今天要讲的非电这一块这么一个改造的政策比如说像上周也是全国的环境空气质量标准提标的标准是最新出台然后再往前的话我们也看到像2026年大气污染治理的专项资金是提前下发结合到今天结合到本周的这么一个 非电领域改造的这么一个2026年目标的这么一个下发我们可以看到就国外层面从政策包括说从资金两个角度的话对于大气治理这一块的支持力度其实是在这个十五的开局之年体验出了一个非常高的一个强度 那么就在这个背景之下的话龙津环保的这个传统业务就咱们这个环保主业公司作为这个大气治理里边最龙头的公司应该也是通风授予整个行业需求的一个稳步的一个释放那么可以对这个15期间公司环保这块业务的这么一个基本面会有一个更加积极的这么一个预期同时的话向公司围绕整个矿业双碳 根据生态环境部新闻发布会的一个通稿的话在十四五期间其实国内一 ...

Investment Rating - The report maintains an "Accumulate" rating for the environmental protection industry [1] Core Insights - The mining industry is entering a new investment cycle driven by rising metal prices and increasing capital expenditures (CAPEX), with a projected 50% growth in global mining CAPEX by 2030 [6][12] - The report highlights two main themes: 1) Green energy and equipment consumables, and 2) Resources and recycling [6] Summary by Sections Main Line 1: Green Energy and Equipment Consumables - **Longjing Environmental Protection**: Driven by rising metal prices, mining CAPEX is expected to increase, leading to a surge in demand for green electricity and new energy equipment in mining [6][14] - **Sains**: With Zijin Mining's support, there is significant potential in mining pollution prevention and chemical agents, as the company expands its offerings in customized solutions for heavy metal pollution [21][24] - **Jingjin Equipment**: As a leader in solid-liquid separation equipment, the company has a market share of over 40%. The report indicates a recovery in demand and highlights the company's high dividend yield as a safety margin [33][34] - **Yutong Heavy Industry**: The company is experiencing a doubling in sales of new energy mining vehicles, benefiting from the electrification trend. The mining equipment segment saw revenue of 641 million yuan in the first half of 2025, a year-on-year increase of 111% [6][14] Main Line 2: Resources and Recycling - **High Energy Environment**: The company is seeing significant growth in metal resource recycling, with a strategic move into mining. The performance of recycling projects is expected to improve with rising metal prices [6][19] - **Sains**: The price of rhenium, a strategic aerospace metal, continues to rise, and the company is positioned to benefit from this trend through its collaboration with Zijin Mining [6][23] - **Weiming Environmental Protection**: The tightening supply of nickel is driving price increases, and the company is focusing on overseas solid waste management opportunities, particularly in Indonesia [6][19]