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Currently, the four major water state-owned enterprises, such as Beikong Water, Capital Stock, China Water Investment and Central Water, with their different strengths, have gained tremendous development in 2010, while enterprises such as Guodian Group, China Railway Group and CME Huatian are also starting to get involved in the water market.
Another trend in the water sector is that the integration of water enterprises and the capital market is gradually accelerating. March 29, 2010, Chongqing Water (601158,) landed in the A-share market. Subsequently, Xingrong investment (000598) shell Blue Star cleaning listing success. A few days ago, Jiangnan Water (601199) industry has just completed its debut in the main board. In the GEM, in February 2010 and April, water star enterprise Wanbonda and Bishuiyuan (300070) also successfully landed in the capital market. ; `5 X4 w0 K: e2 I
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According to China's water network statistics, in 1990, China had only one environmental listed companies, as of November 2010, China's A-share environmental listed companies have reached 51, with a total market capitalization of 409.5 billion yuan, and an average dynamic P/E ratio of 77 times.
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China's water network is expected to "Twelfth Five-Year Plan" period, into the capital market of environmental protection and water companies will be more than 30. And with the further introduction of policies related to the control of total water resources, this part of the market growth rate will be even more rapid.
Sewage treatment companies benefit from the largest 8 k& J2 M; [2 d0 e& Q
Water treatment company leading stocks
Looking at the A-share water sector, the top sewage treatment company when the first shares (600008). First shares of sewage treatment and water supply business together accounted for about 75% of the company's revenue, of which sewage treatment revenue and gross profit contribution accounted for about 50%, is the company's main source of profit.
Currently, there are 12 million tons of water production capacity held by Capital One, and it is expected that 3 million tons of new production capacity will be added in the next three years after the projects under construction are put into operation, and the total water production capacity of the company will reach 15 million tons by 2012. At the same time, the company also accelerated to small and medium-sized towns of water expansion, and constantly improve the company's market share. As the most active water investment company, the first shares in the fourth quarter of 2010 has been in Zhejiang Shaoxing, Shanxi Yuncheng and Hubei Enshi signed a new project. $ f* u# @/ w6 o ?) r
Another leading private company engaged in water treatment is Sund Environment (000826). According to the company's 2009 annual report, Sande Environment realized an operating income of 684 million yuan and a net profit of 156 million yuan, of which the municipal wastewater treatment business operating income was 135 million yuan.2 T) i+ \6 x/ P+ d# s: ]- E
In addition to municipal wastewater treatment, another important area of reclaimed water is industrial wastewater. At present, industrial wastewater emissions account for more than 40% of the total national wastewater emissions, of which, petroleum coal chemical industry accounts for a large part. It is expected that the "Twelfth Five-Year Plan" period of petrochemical investment will exceed 700 billion yuan, of which the water treatment investment in 21-35 billion yuan. Petrochemical coal chemical sewage treatment is difficult, there are barriers to entry, in the country to improve the standard of industrial wastewater reuse of water in the case, only hard environmental qualifications of the company to obtain a high market share, Wanbangda (300055) belongs to this category of listed companies.5 S+ C* U( L1 |4 R( Y5 d) e
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In addition to the concept of reclaimed water reuse class listed companies by the relevant policies, the realization of the total amount of water resources control and monitoring of essential equipment listed companies will also benefit from. Ministry of Water Resources officials recently revealed that, through consultations with the Ministry of Finance, the Ministry of Water Resources is also ready to start the national water resources monitoring capacity building, built to cover the central, watersheds, provinces, municipalities, counties and five levels of water resources monitoring system, which will be based on 12,000 monitoring points to 40 monitoring platforms at all levels of the data processing center. If the system can be established, the future of water resources online monitoring, software research and development and system integration of the annual market size between 2-3 billion yuan. And the first river environmental protection (300137) is the largest, most complete product line, the strongest innovation ability of the environmental monitoring instruments, one of the professional production enterprises, is expected to benefit from.