627 lines
44 KiB
HTML
627 lines
44 KiB
HTML
<!DOCTYPE html>
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<html lang="zh-CN" data-theme="night">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>深度研报 | 环保概念分析</title>
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<script src="https://cdn.tailwindcss.com"></script>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.10.1/dist/full.min.css" rel="stylesheet" type="text/css" />
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<style>
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body {
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font-family: 'Poppins', sans-serif;
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background-color: #0a0a0f;
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background-image:
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radial-gradient(ellipse at 20% 25%, rgba(0, 128, 255, 0.15) 0%, transparent 50%),
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radial-gradient(ellipse at 75% 15%, rgba(138, 43, 226, 0.15) 0%, transparent 50%),
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radial-gradient(ellipse at 80% 85%, rgba(0, 255, 127, 0.15) 0%, transparent 50%);
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background-attachment: fixed;
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}
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.glass-card {
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background-color: rgba(26, 30, 48, 0.5);
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backdrop-filter: blur(20px);
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-webkit-backdrop-filter: blur(20px);
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border: 1px solid rgba(255, 255, 255, 0.1);
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transition: all 0.3s ease;
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}
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border: 1px solid rgba(0, 255, 255, 0.3);
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box-shadow: 0 0 20px rgba(0, 255, 255, 0.1);
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text-shadow: 0 0 8px rgba(0, 255, 255, 0.5);
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}
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.bento-grid {
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display: grid;
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gap: 1rem;
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grid-template-columns: repeat(auto-fit, minmax(300px, 1fr));
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}
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.section-title {
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font-size: 2rem;
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font-weight: 700;
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color: #fff;
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margin-bottom: 1.5rem;
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border-left: 4px solid #00ffff;
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padding-left: 1rem;
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letter-spacing: 1px;
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}
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.table th, .table td {
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border-bottom: 1px solid rgba(255, 255, 255, 0.1) !important;
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}
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.table th {
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color: #00ffff;
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}
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.badge-outline {
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border-color: #00ffff;
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color: #00ffff;
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}
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</style>
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</head>
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<body class="text-gray-300">
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<div class="container mx-auto p-4 md:p-8 max-w-7xl">
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<!-- Header -->
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<header class="text-center mb-12">
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<h1 class="text-4xl md:text-5xl font-bold text-white text-glow mb-4">环保概念深度研报</h1>
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<p class="text-sm text-gray-500">
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北京价值前沿科技有限公司 AI投研agent：“价小前投研” 进行投研呈现<br>
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本报告为AI合成数据，投资需谨慎。
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</p>
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</header>
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<!-- Concept Insight Section -->
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<section id="insight" class="mb-16">
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<h2 class="section-title">概念洞察 (Concept Insight)</h2>
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<div class="card glass-card p-6 md:p-8 mb-8">
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<h3 class="font-bold text-xl text-white mb-4">0. 概念事件驱动轴线</h3>
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<ul class="space-y-4 text-gray-300">
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<li>
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<strong class="text-cyan-400">宏观政策轴线 (长期驱动):</strong>
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<p class="pl-4 text-sm mt-1 border-l-2 border-cyan-700">
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<strong>2024.08:</strong> 国务院印发《关于加快经济社会发展全面绿色转型的意见》，目标2030年节能环保产业规模达15万亿元。<br>
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<strong>2024-2025:</strong> 化债政策持续发酵，直指环保板块超1600亿元应收账款，成为估值修复的核心逻辑。<br>
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<strong>2025.H2:</strong> 公用事业价格机制理顺，广东佛山等地水价、垃圾处理费上调，"顺价"逻辑开始兑现。
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</p>
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</li>
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<li>
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<strong class="text-purple-400">产业转型与创新轴线 (中期驱动):</strong>
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<p class="pl-4 text-sm mt-1 border-l-2 border-purple-700">
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<strong>2024-2025中报季:</strong> 多家固废公司披露“焚烧+数据中心”(AIDC/算电一体化)进展，注入“新基建”与“AI”叙事。<br>
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<strong>2025年:</strong> 龙头企业（龙净环保、远达环保、伟明环保）纷纷公告跨界转型，向综合能源与资源平台演进。
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</p>
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</li>
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<li>
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<strong class="text-green-400">市场催化轴线 (短期驱动):</strong>
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<p class="pl-4 text-sm mt-1 border-l-2 border-green-700">
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<strong>2024.10-2025.10:</strong> 板块多次出现“局部大涨”、“异动拉升”，市场情绪活跃，呈现脉冲式行情。<br>
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<strong>2025.06-09:</strong> 个股上涨原因多样化（化债、跨界、治理改善），反映市场对多类信息高度敏感。
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</p>
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</li>
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</ul>
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</div>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-8 mb-8">
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<div class="card glass-card p-6 md:p-8">
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<h3 class="font-bold text-xl text-white mb-4">1. 核心观点摘要</h3>
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<p>环保概念正处在关键的<strong class="text-cyan-400">转型与价值重估</strong>阶段。其核心驱动力正从过去依赖资本开支和补贴的<strong class="text-yellow-400">“政策驱动型成长”</strong>，转向以改善现金流（化债、顺价）、提升运营效率（AI+）和开拓新增长曲线（AIDC、新能源）为核心的<strong class="text-green-400">“内生价值驱动”</strong>。未来潜力在于，能否成功将传统的公用事业属性与新兴的科技、能源属性相结合，实现盈利能力和估值的双重提升。</p>
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</div>
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<div class="card glass-card p-6 md:p-8">
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<h3 class="font-bold text-xl text-white mb-4">财务数据拐点</h3>
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<div id="financial-chart" style="width: 100%; height: 200px;"></div>
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</div>
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</div>
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<div class="card glass-card p-6 md:p-8 mb-8">
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<h3 class="font-bold text-xl text-white mb-4">2. 核心逻辑与市场认知分析</h3>
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<div class="space-y-6">
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<div>
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<h4 class="font-semibold text-lg text-cyan-300 mb-2">核心驱动力</h4>
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<p><strong class="text-gray-100">① 基本盘修复逻辑 (价值回归):</strong> 这是当前支撑板块估值的基石。主要由两大因素构成：<br>
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<strong>化债政策:</strong> 环保板块应收账款高达1600亿元。化债直接带来“应收账款回收 → 现金流改善 → 坏账计提冲回 → 利润增厚”的连锁反应，是最清晰的财务改善逻辑。<br>
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<strong>价格机制理顺:</strong> 广东佛山水价、垃圾处理费上调(+14.8%~18.0%)是典型案例。成本传导保障了运营商的长期稳定回报，强化了防御属性。
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</p>
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<p class="mt-2"><strong class="text-gray-100">② 第二增长曲线逻辑 (成长重塑):</strong> 这是打开板块想象空间的关键。<br>
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<strong>AIDC (算电一体化):</strong> 最具颠覆性的新叙事。垃圾焚烧厂拥有土地、并网和绿电资源（中型厂年发电1.5-3亿度），为固废公司提供了从“环保”到“数字能源”跨越的可能。<br>
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<strong>跨界新能源与新材料:</strong> 龙头公司利用自身优势战略转型。龙净环保切入绿电和储能；伟明环保进军高冰镍；复洁环保探索绿色甲醇。
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</p>
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</div>
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<div>
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<h4 class="font-semibold text-lg text-purple-300 mb-2">市场热度与情绪</h4>
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<p>市场对环保概念关注度高，但情绪复杂，呈现<strong class="text-yellow-400">“整体谨慎，局部乐观”</strong>的特点。乐观派聚焦AIDC、化债等新逻辑，认为将迎戴维斯双击。谨慎派担心新故事落地不及预期，且传统业务增长有限（25H1扣非归母净利-4.0%）。</p>
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</div>
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<div>
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<h4 class="font-semibold text-lg text-green-300 mb-2">预期差分析</h4>
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<ul class="list-disc list-inside space-y-2">
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<li><strong>现金流的拐点:</strong> 市场可能仍停留在行业现金流差的旧印象。但数据显示，板块24年自由现金流<strong class="text-green-400">首次转正(75.8亿元)</strong>，这一历史性改善，市场的认知可能尚未充分计价。</li>
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<li><strong>对“AIDC”的认知差:</strong> 市场可能低估了垃圾焚烧厂作为分布式绿色能源节点的内在价值，以及其在解决一线城市数据中心能耗和土地双重约束上的独特优势。军信、伟明等已有具体项目落地。</li>
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<li><strong>龙头转型的决心与速度:</strong> 市场可能仍将龙净环保视为大气治理公司，但其新能源业务收入已实现<strong class="text-green-400">1073%</strong>的爆发式增长，市场认知存在滞后。</li>
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</ul>
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</div>
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</div>
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</div>
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<div class="bento-grid mb-8">
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<div class="card glass-card p-6 md:p-8 col-span-1 md:col-span-2">
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<h3 class="font-bold text-xl text-white mb-4">3. 关键催化剂与未来发展路径</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div>
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<h4 class="font-semibold text-lg text-cyan-300 mb-2">近期催化剂 (3-6个月)</h4>
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<ul class="list-disc list-inside space-y-1 text-sm">
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<li><strong>化债成效财报验证:</strong> 关注核心公司应收账款和现金流的显著改善。</li>
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<li><strong>AIDC标杆项目投运:</strong> 首个项目通电运营将验证商业模式。</li>
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<li><strong>新一轮排放标准提升:</strong> 钢铁、水泥等行业改造需求释放。</li>
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</ul>
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</div>
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<div>
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<h4 class="font-semibold text-lg text-purple-300 mb-2">长期发展路径</h4>
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<ul class="space-y-2 text-sm">
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<li><strong>阶段一 (当前-2026):</strong> “修复与分化”。化债和顺价逻辑兑现，高股息运营类公司价值凸显。</li>
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<li><strong>阶段二 (2026-2028):</strong> “融合与成长”。AIDC模式成熟，资源再生技术突破，龙头新业务成业绩支柱。</li>
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<li><strong>阶段三 (2028-2030):</strong> “平台化与国际化”。头部企业完成向综合环境与能源服务平台转变，技术与装备出海。</li>
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</ul>
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</div>
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</div>
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</div>
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<div class="card glass-card p-6 md:p-8 col-span-1 md:col-span-1">
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<h3 class="font-bold text-xl text-white mb-4">4. 产业链图谱</h3>
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<ul class="space-y-2 text-sm">
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<li><strong>上游:</strong> <span class="badge badge-outline">环保设备与技术</span> (节能、环卫、监测)</li>
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<li><strong>中游:</strong> <span class="badge badge-outline">项目投资与运营</span> (大气/水/固废/生态)</li>
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<li><strong>下游:</strong> <span class="badge badge-outline">资源化利用与延伸</span> (资源再生、碳中和、AIDC)</li>
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</ul>
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</div>
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</div>
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<div class="card glass-card p-6 md:p-8 mb-8">
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<h3 class="font-bold text-xl text-white mb-4">核心玩家深度剖析</h3>
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<div class="overflow-x-auto">
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<table class="table table-zebra w-full">
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<thead>
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<tr>
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<th>公司</th>
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<th>核心逻辑</th>
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<th>竞争优势</th>
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<th>业务进展与验证</th>
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<th>潜在风险</th>
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</tr>
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</thead>
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<tbody>
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<tr>
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<td><strong>龙净环保</strong></td>
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<td>“大象转身”的平台化转型</td>
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<td>大气治理基本盘稳固；股东紫金矿业资源与需求协同(绿电需求>5GW)。</td>
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<td>新能源业务收入同比+1073%，多个光伏项目已并网。</td>
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<td>传统业务受政策影响大；新能源业务竞争激烈。</td>
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</tr>
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<tr>
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<td><strong>伟明环保</strong></td>
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<td>“二次创业”的跨界扩张</td>
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<td>固废运营稳健，装备制造垂直整合能力强，成本控制优。</td>
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<td>印尼高冰镍项目计划24年底投产；国内锂电材料项目同步推进。</td>
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<td>新能源材料业务资本密集，受大宗商品价格波动影响大。</td>
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</tr>
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<tr>
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<td><strong>中科环保</strong></td>
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<td>“技术驱动”的内生增长</td>
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<td>中科院背景，技术研发能力突出；供热业务利润丰厚(单吨增厚100元)。</td>
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<td>供热量同比+56.4%；装备出口海外订单10亿元。</td>
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<td>整体规模相对较小；国补退坡影响新项目电价。</td>
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</tr>
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<tr>
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<td><strong>创业环保</strong></td>
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<td>“区域深耕”的价值修复</td>
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<td>天津区域水务龙头，运营经验丰富；“一体两翼”战略清晰。</td>
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<td>提出“十四五”末水务规模翻倍目标；化债政策直接受益者。</td>
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<td>业务区域集中度高；新业务体量尚小。</td>
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</tr>
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</tbody>
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</table>
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</div>
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</div>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-8 mb-8">
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<div class="card glass-card p-6 md:p-8">
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<h3 class="font-bold text-xl text-white mb-4">5. 潜在风险与挑战</h3>
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<ul class="list-disc list-inside space-y-2">
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<li><strong>技术风险:</strong> 部分前沿技术（如绿色甲醇、飞灰熔融）尚处中试或推广初期，产业化存不确定性。</li>
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<li><strong>商业化风险:</strong> AIDC商业模式尚未完全跑通；新材料业务受全球大宗商品价格和地缘政治影响。</li>
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<li><strong>政策与竞争风险:</strong> 补贴退坡持续，化债执行力度不及预期，存量市场竞争加剧。</li>
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<li><strong>信息交叉验证风险:</strong> 宏大叙事与短期财务数据（板块利润下滑）存在背离，行业内部分化严重，需精选个股。</li>
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</ul>
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</div>
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<div class="card glass-card p-6 md:p-8">
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<h3 class="font-bold text-xl text-white mb-4">6. 综合结论与投资启示</h3>
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<p class="mb-4">环保概念已超越单纯的主题炒作，进入<strong class="text-cyan-400">“价值重估”与“成长重塑”并存</strong>的基本面驱动新阶段。投资者需用“价值尺”（现金流、股息率）和“成长尺”（新业务落地速度）双重标准来衡量。</p>
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<h4 class="font-semibold text-lg text-green-300 mb-2">最具投资价值的细分环节</h4>
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<ul class="list-decimal list-inside space-y-1">
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<li><strong>固废处理（垃圾焚烧）:</strong> 同时受益于“化债+AIDC”双重逻辑，攻守兼备。</li>
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<li><strong>具备强大产业协同的转型龙头:</strong> 如龙净环保，转型路径清晰，确定性强。</li>
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<li><strong>资源再生领域:</strong> 具备核心技术和规模优势的企业，具备长期成长潜力。</li>
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</ul>
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</div>
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</div>
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</section>
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<!-- Source Data Section -->
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<section id="source-data" class="mb-16">
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<h2 class="section-title">核心信息源摘要</h2>
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<div x-data="{ tab: 'news' }" class="card glass-card p-6 md:p-8">
|
||
<div class="tabs tabs-boxed bg-black/20 mb-6">
|
||
<a class="tab" :class="{ 'tab-active text-cyan-400': tab === 'news' }" @click="tab = 'news'">新闻数据</a>
|
||
<a class="tab" :class="{ 'tab-active text-cyan-400': tab === 'roadshow' }" @click="tab = 'roadshow'">路演纪要</a>
|
||
<a class="tab" :class="{ 'tab-active text-cyan-400': tab === 'research' }" @click="tab = 'research'">研报精粹</a>
|
||
<a class="tab" :class="{ 'tab-active text-cyan-400': tab === 'rise' }" @click="tab = 'rise'">涨幅分析</a>
|
||
</div>
|
||
|
||
<div x-show="tab === 'news'" class="space-y-4 text-sm">
|
||
<div class="collapse collapse-arrow bg-black/20">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title font-medium text-white">行业宏观政策与发展趋势</div>
|
||
<div class="collapse-content">
|
||
<ul class="list-disc list-inside space-y-2">
|
||
<li><strong>全面绿色转型:</strong> 《意见》提出到2030年节能环保产业规模达到15万亿元。</li>
|
||
<li><strong>化债政策影响:</strong> 环保作为地方隐债组成部分，化债将改善行业现金流。板块应收款项超1600亿元，相当于市值的23%。</li>
|
||
<li><strong>价格机制理顺:</strong> 广东佛山污水、垃圾处理费上调，"顺价"逻辑兑现。</li>
|
||
<li><strong>财务表现:</strong> 24年板块自由现金流首次转正，达75.8亿元，固废+水务贡献97%。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-arrow bg-black/20">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title font-medium text-white">细分领域动态与技术创新</div>
|
||
<div class="collapse-content">
|
||
<ul class="list-disc list-inside space-y-2">
|
||
<li><strong>固废水务:</strong> 贡献板块主要业绩与现金流。供热业务成为存量时代业绩重要驱动力。</li>
|
||
<li><strong>循环再生:</strong> 东江环保再生精铋占全国10%以上；英科再生、大地海洋等高成长。</li>
|
||
<li><strong>AI+环保:</strong> AI垃圾分拣、无人环卫等解决行业成本、效率痛点。</li>
|
||
<li><strong>AIDC/算电一体化:</strong> 军信、伟明、瀚蓝等均披露固废AIDC进展。焚烧厂提供土地与绿电，可匹配中大型智算中心。</li>
|
||
<li><strong>低碳能源转型:</strong> 复洁环保拓展绿色甲醇业务，计划建设10万吨级产业化项目。</li>
|
||
<li><strong>新能源与绿色矿山:</strong> 龙净环保布局风光绿电、纯电矿卡；远达环保拟转型为水电平台。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div x-show="tab === 'roadshow'" class="space-y-4 text-sm">
|
||
<div class="collapse collapse-arrow bg-black/20">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title font-medium text-white">中科环保</div>
|
||
<div class="collapse-content">
|
||
<p><strong>核心业务:</strong> 在手订单1.6万吨/日，供热业务单吨垃圾利润增厚100元，2024年前三季度供热量已超2023全年。海外订单约10亿元。<br>
|
||
<strong>技术创新:</strong> 研发“中效合一烟气净化技术”简化工艺；自主研发ACC系统已实现外部交付。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-arrow bg-black/20">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title font-medium text-white">伟明环保</div>
|
||
<div class="collapse-content">
|
||
<p><strong>核心业务:</strong> 2023年底运营产能3.42万吨/日，目标2025年达4万吨/日。<br>
|
||
<strong>第二曲线:</strong> 拓展新能源材料，印尼4万吨高冰镍项目计划24年底投产，目标成本行业最低。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-arrow bg-black/20">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title font-medium text-white">龙净环保</div>
|
||
<div class="collapse-content">
|
||
<p><strong>双轮驱动:</strong> 环保主业（大气治理龙头）支撑10亿级业绩，新能源（绿电+储能）预计贡献10亿+业绩。<br>
|
||
<strong>新能源业务:</strong> 依托紫金矿业全球矿山布局，绿电需求超5GW。储能业务聚焦系统集成。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-arrow bg-black/20">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title font-medium text-white">创业环保</div>
|
||
<div class="collapse-content">
|
||
<p><strong>一体两翼:</strong> 以水务运营为核心，新能源（光伏发电）与固废业务为两翼。<br>
|
||
<strong>降本增效:</strong> 铺设光伏板，2023年已替代40%用电成本。目标“十四五”末水务规模翻倍。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div x-show="tab === 'research'" class="space-y-4 text-sm">
|
||
<div class="collapse collapse-arrow bg-black/20">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title font-medium text-white">龙净环保 (大气治理)</div>
|
||
<div class="collapse-content">
|
||
<p><strong>地位:</strong> 国内大气治理龙头，全球最大工业烟气环保治理装备研发制造商。<br>
|
||
<strong>政策驱动:</strong> 受益于能源、钢铁、水泥等行业节能降碳改造政策。<br>
|
||
<strong>转型:</strong> “低碳改造成为环保领域新的增长空间”，依托紫金矿业拓展绿色矿山综合解决方案。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-arrow bg-black/20">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title font-medium text-white">粤丰环保 (固废处理)</div>
|
||
<div class="collapse-content">
|
||
<p><strong>地位:</strong> 港股上市固废处理龙头。<br>
|
||
<strong>趋势:</strong> 行业进入成熟期，业务结构从建设转向运营，毛利率由41.8%提升至48.5%。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-arrow bg-black/20">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title font-medium text-white">中科环保 (固废处理)</div>
|
||
<div class="collapse-content">
|
||
<p><strong>技术平台:</strong> 中科院以科技创新为引领的环保产业平台。<br>
|
||
<strong>行业趋势:</strong> 存量项目聚焦运营提效，“AI+智慧焚烧”应用提升效率，协同处置成常态。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div x-show="tab === 'rise'" class="space-y-4 text-sm">
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-4">
|
||
<div class="p-4 rounded-lg bg-black/20 border border-gray-700">
|
||
<h4 class="font-bold text-white">中兰环保 (+11.86%)</h4>
|
||
<p class="text-xs text-gray-400">2025-06-16</p>
|
||
<p class="mt-2"><strong>原因:</strong> 化债加速预期增强，改善企业现金流；环保监管趋严增加服务需求；融资资金持续流入，余额创近一年新高。</p>
|
||
</div>
|
||
<div class="p-4 rounded-lg bg-black/20 border border-gray-700">
|
||
<h4 class="font-bold text-white">圣元环保 (+11.77%)</h4>
|
||
<p class="text-xs text-gray-400">2025-06-13</p>
|
||
<p class="mt-2"><strong>原因:</strong> 跨界新业务引发市场关注，公司推出功能饮料"元气小树"，并推进牛磺酸项目，被视为新盈利增长点。</p>
|
||
</div>
|
||
<div class="p-4 rounded-lg bg-black/20 border border-gray-700">
|
||
<h4 class="font-bold text-white">国泰环保 (+5.43%)</h4>
|
||
<p class="text-xs text-gray-400">2025-09-23</p>
|
||
<p class="mt-2"><strong>原因:</strong> 公司治理不确定性消除。董事长被解除留置措施并恢复履职，市场情绪转好，融资资金持续流入。</p>
|
||
</div>
|
||
<div class="p-4 rounded-lg bg-black/20 border border-gray-700">
|
||
<h4 class="font-bold text-white">东江环保 (+5.39%)</h4>
|
||
<p class="text-xs text-gray-400">2025-07-03</p>
|
||
<p class="mt-2"><strong>原因:</strong> 港股联动效应，H股东江环保暴涨带动A股跟涨；环保板块整体走强；市场存在并购重组预期。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
|
||
<!-- Stock List Section -->
|
||
<section id="stocks">
|
||
<h2 class="section-title">相关股票列表</h2>
|
||
|
||
<div class="space-y-12">
|
||
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-white mb-4">废物处理/治理</h3>
|
||
<div class="overflow-x-auto card glass-card p-4">
|
||
<table class="table w-full">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>细分领域</th>
|
||
<th>核心逻辑/市占率</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<!-- 水处理 -->
|
||
<tr><td>北控水务集团</td><td></td><td>水处理</td><td>2022年市占率7.7%</td></tr>
|
||
<tr><td>首创环保</td><td><a href='https://valuefrontier.cn/company?scode=600008' target='_blank' class='link link-hover text-cyan-400'>600008</a></td><td>水处理</td><td>2022年市占率3.5%</td></tr>
|
||
<tr><td>创业环保</td><td><a href='https://valuefrontier.cn/company?scode=600874' target='_blank' class='link link-hover text-cyan-400'>600874</a></td><td>水处理</td><td>大部分公司市占率均低于1%</td></tr>
|
||
<tr><td>重庆水务</td><td><a href='https://valuefrontier.cn/company?scode=601158' target='_blank' class='link link-hover text-cyan-400'>601158</a></td><td>水处理</td><td>大部分公司市占率均低于1%</td></tr>
|
||
<tr><td>瀚蓝环境</td><td><a href='https://valuefrontier.cn/company?scode=600323' target='_blank' class='link link-hover text-cyan-400'>600323</a></td><td>水处理, 固废</td><td>大部分公司市占率均低于1%</td></tr>
|
||
<tr><td>武汉控股</td><td><a href='https://valuefrontier.cn/company?scode=600168' target='_blank' class='link link-hover text-cyan-400'>600168</a></td><td>水处理</td><td>大部分公司市占率均低于1%</td></tr>
|
||
<!-- 大气治理 -->
|
||
<tr><td>龙净环保</td><td><a href='https://valuefrontier.cn/company?scode=600388' target='_blank' class='link link-hover text-cyan-400'>600388</a></td><td>大气治理</td><td>脱硫/脱硝/除尘市占率14%/18%/46%</td></tr>
|
||
<tr><td>清新环境</td><td><a href='https://valuefrontier.cn/company?scode=002573' target='_blank' class='link link-hover text-cyan-400'>002573</a></td><td>大气治理</td><td>脱硫/脱硝/除尘市占率18%/2%/1%</td></tr>
|
||
<tr><td>远达环保</td><td><a href='https://valuefrontier.cn/company?scode=600292' target='_blank' class='link link-hover text-cyan-400'>600292</a></td><td>大气治理</td><td>脱硫/脱硝/除尘市占率9%/11%/1%</td></tr>
|
||
<tr><td>菲达环保</td><td><a href='https://valuefrontier.cn/company?scode=600526' target='_blank' class='link link-hover text-cyan-400'>600526</a></td><td>大气治理</td><td>脱硫/脱硝/除尘市占率7%/3%/19%</td></tr>
|
||
<!-- 固废 -->
|
||
<tr><td>城发环境</td><td><a href='https://valuefrontier.cn/company?scode=000885' target='_blank' class='link link-hover text-cyan-400'>000885</a></td><td>固废</td><td></td></tr>
|
||
<tr><td>旺能环境</td><td><a href='https://valuefrontier.cn/company?scode=002034' target='_blank' class='link link-hover text-cyan-400'>002034</a></td><td>固废</td><td></td></tr>
|
||
<tr><td>三峰环境</td><td><a href='https://valuefrontier.cn/company?scode=601827' target='_blank' class='link link-hover text-cyan-400'>601827</a></td><td>固废</td><td></td></tr>
|
||
<tr><td>绿色动力</td><td><a href='https://valuefrontier.cn/company?scode=601330' target='_blank' class='link link-hover text-cyan-400'>601330</a></td><td>固废</td><td></td></tr>
|
||
<tr><td>军信股份</td><td><a href='https://valuefrontier.cn/company?scode=301109' target='_blank' class='link link-hover text-cyan-400'>301109</a></td><td>固废</td><td></td></tr>
|
||
<tr><td>伟明环保</td><td><a href='https://valuefrontier.cn/company?scode=603568' target='_blank' class='link link-hover text-cyan-400'>603568</a></td><td>固废</td><td></td></tr>
|
||
<tr><td>上海环境</td><td><a href='https://valuefrontier.cn/company?scode=601200' target='_blank' class='link link-hover text-cyan-400'>601200</a></td><td>固废, 水处理</td><td></td></tr>
|
||
<tr><td>中国天楹</td><td><a href='https://valuefrontier.cn/company?scode=000035' target='_blank' class='link link-hover text-cyan-400'>000035</a></td><td>固废</td><td></td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-white mb-4">生态修复 & 资源化</h3>
|
||
<div class="overflow-x-auto card glass-card p-4">
|
||
<table class="table w-full">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>细分领域</th>
|
||
<th>核心逻辑/业务占比</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<!-- 生态修复 -->
|
||
<tr><td>正和生态</td><td><a href='https://valuefrontier.cn/company?scode=605069' target='_blank' class='link link-hover text-cyan-400'>605069</a></td><td>生态修复</td><td>环保类业务占营收99%</td></tr>
|
||
<tr><td>蒙草生态</td><td><a href='https://valuefrontier.cn/company?scode=300355' target='_blank' class='link link-hover text-cyan-400'>300355</a></td><td>生态修复</td><td>环保类业务占比98%</td></tr>
|
||
<tr><td>节能铁汉</td><td><a href='https://valuefrontier.cn/company?scode=300197' target='_blank' class='link link-hover text-cyan-400'>300197</a></td><td>生态修复</td><td>环保类业务占比88%</td></tr>
|
||
<!-- 资源化 -->
|
||
<tr><td>英科再生</td><td><a href='https://valuefrontier.cn/company?scode=688087' target='_blank' class='link link-hover text-cyan-400'>688087</a></td><td>资源化</td><td></td></tr>
|
||
<tr><td>格林美</td><td><a href='https://valuefrontier.cn/company?scode=002340' target='_blank' class='link link-hover text-cyan-400'>002340</a></td><td>资源化</td><td></td></tr>
|
||
<tr><td>高能环境</td><td><a href='https://valuefrontier.cn/company?scode=603588' target='_blank' class='link link-hover text-cyan-400'>603588</a></td><td>资源化</td><td></td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-white mb-4">环保设备 & 服务</h3>
|
||
<div class="overflow-x-auto card glass-card p-4">
|
||
<table class="table w-full">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>细分领域</th>
|
||
<th>核心逻辑/市占率</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<!-- 环卫车辆/装备 -->
|
||
<tr><td>盈峰环境</td><td><a href='https://valuefrontier.cn/company?scode=000967' target='_blank' class='link link-hover text-cyan-400'>000967</a></td><td>环卫车辆/装备</td><td>2022年环卫车市占率29%</td></tr>
|
||
<tr><td>宇通重工</td><td><a href='https://valuefrontier.cn/company?scode=600817' target='_blank' class='link link-hover text-cyan-400'>600817</a></td><td>环卫车辆/装备</td><td>2022年环卫车市占率29%</td></tr>
|
||
<tr><td>福龙马</td><td><a href='https://valuefrontier.cn/company?scode=603686' target='_blank' class='link link-hover text-cyan-400'>603686</a></td><td>环卫车辆/装备</td><td>2022年环卫车市占率7%</td></tr>
|
||
<!-- 环境监测 -->
|
||
<tr><td>聚光科技</td><td><a href='https://valuefrontier.cn/company?scode=300203' target='_blank' class='link link-hover text-cyan-400'>300203</a></td><td>环境监测</td><td></td></tr>
|
||
<tr><td>雪迪龙</td><td><a href='https://valuefrontier.cn/company?scode=002658' target='_blank' class='link link-hover text-cyan-400'>002658</a></td><td>环境监测</td><td></td></tr>
|
||
<!-- 环卫服务 -->
|
||
<tr><td>玉禾田</td><td><a href='https://valuefrontier.cn/company?scode=300815' target='_blank' class='link link-hover text-cyan-400'>300815</a></td><td>环卫服务</td><td></td></tr>
|
||
<tr><td>侨银股份</td><td><a href='https://valuefrontier.cn/company?scode=002973' target='_blank' class='link link-hover text-cyan-400'>002973</a></td><td>环卫服务</td><td></td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-white mb-4">碳中和</h3>
|
||
<div class="overflow-x-auto card glass-card p-4">
|
||
<table class="table w-full">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>细分领域</th>
|
||
<th>核心逻辑</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<!-- 林业碳汇 -->
|
||
<tr><td>岳阳林纸</td><td><a href='https://valuefrontier.cn/company?scode=600963' target='_blank' class='link link-hover text-cyan-400'>600963</a></td><td>林业炭汇</td><td>林地200万亩</td></tr>
|
||
<tr><td>海南橡胶</td><td><a href='https://valuefrontier.cn/company?scode=601118' target='_blank' class='link link-hover text-cyan-400'>601118</a></td><td>林业炭汇</td><td>林地1934万亩</td></tr>
|
||
<!-- 碳交易所 -->
|
||
<tr><td>华银电力</td><td><a href='https://valuefrontier.cn/company?scode=600744' target='_blank' class='link link-hover text-cyan-400'>600744</a></td><td>碳交易所</td><td>参股深圳碳排放交易所</td></tr>
|
||
<tr><td>长源电力</td><td><a href='https://valuefrontier.cn/company?scode=000966' target='_blank' class='link link-hover text-cyan-400'>000966</a></td><td>碳交易所</td><td>参股湖北碳排放交易所</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
</div>
|
||
</section>
|
||
|
||
</div>
|
||
|
||
<script>
|
||
// ECharts instance
|
||
var chartDom = document.getElementById('financial-chart');
|
||
var myChart = echarts.init(chartDom, 'dark');
|
||
var option;
|
||
|
||
option = {
|
||
backgroundColor: 'transparent',
|
||
tooltip: {
|
||
trigger: 'axis',
|
||
axisPointer: {
|
||
type: 'shadow'
|
||
}
|
||
},
|
||
legend: {
|
||
data: ['扣非归母净利增速', '自由现金流(亿元)'],
|
||
textStyle: {
|
||
color: '#ccc'
|
||
}
|
||
},
|
||
grid: {
|
||
left: '3%',
|
||
right: '4%',
|
||
bottom: '3%',
|
||
containLabel: true
|
||
},
|
||
xAxis: {
|
||
type: 'category',
|
||
data: ['24Q1', '24H1', '24 全年'],
|
||
axisLine: {
|
||
lineStyle: {
|
||
color: 'rgba(255,255,255,0.3)'
|
||
}
|
||
},
|
||
axisLabel: {
|
||
color: '#ccc'
|
||
}
|
||
},
|
||
yAxis: [
|
||
{
|
||
type: 'value',
|
||
name: '自由现金流',
|
||
axisLabel: {
|
||
formatter: '{value} 亿',
|
||
color: '#ccc'
|
||
},
|
||
axisLine: {
|
||
lineStyle: {
|
||
color: 'rgba(255,255,255,0.3)'
|
||
}
|
||
},
|
||
splitLine: {
|
||
lineStyle: {
|
||
color: 'rgba(255,255,255,0.1)'
|
||
}
|
||
}
|
||
},
|
||
{
|
||
type: 'value',
|
||
name: '增速',
|
||
min: -10,
|
||
max: 10,
|
||
axisLabel: {
|
||
formatter: '{value} %',
|
||
color: '#ccc'
|
||
},
|
||
axisLine: {
|
||
lineStyle: {
|
||
color: 'rgba(255,255,255,0.3)'
|
||
}
|
||
},
|
||
splitLine: {
|
||
show: false
|
||
}
|
||
}
|
||
],
|
||
series: [
|
||
{
|
||
name: '扣非归母净利增速',
|
||
type: 'line',
|
||
yAxisIndex: 1,
|
||
smooth: true,
|
||
data: [3.8, -5.9, -4.0], // 25Q1 is forecast, using 24 data for example
|
||
itemStyle: { color: '#8A2BE2' },
|
||
lineStyle: {
|
||
width: 3,
|
||
shadowColor: 'rgba(138, 43, 226, 0.5)',
|
||
shadowBlur: 10
|
||
}
|
||
},
|
||
{
|
||
name: '自由现金流(亿元)',
|
||
type: 'bar',
|
||
barWidth: '40%',
|
||
data: [null, null, 75.8], // only 24 yearly data is provided
|
||
itemStyle: {
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color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [
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{ offset: 0, color: '#00ffff' },
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{ offset: 1, color: '#007bff' }
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]),
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borderRadius: [5, 5, 0, 0]
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},
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emphasis: {
|
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itemStyle: {
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color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [
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{ offset: 0, color: '#00f2f2' },
|
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{ offset: 1, color: '#009cff' }
|
||
])
|
||
}
|
||
}
|
||
}
|
||
]
|
||
};
|
||
|
||
option && myChart.setOption(option);
|
||
window.addEventListener('resize', myChart.resize);
|
||
</script>
|
||
</body>
|
||
</html> |