according to the survey data of China water network, the strength of some water enterprises increased rapidly in 2111, and the lowest daily processing capacity of the top 21 enterprises was close to 2 million tons. The top five water supply and drainage market-oriented projects are Veolia, Capital Corporation, Beijing Water, Sino-French Water and Shenzhen Water.

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At present, four major water state-owned enterprises, namely Beijing Water, Capital Corporation, China Water Investment and Zhonghuan Water, achieved great development in 2111 with their different advantages, while Guodian Group, China Railway Group and MCC Huatian also started to set foot in the water market.

another trend in the water sector is that the integration of water enterprises and capital markets is gradually accelerating. On March 29th, 2111, Chongqing Water (611158,) landed on the A-share market. Subsequently, Xingrong Investment (111598) successfully went public through the backdoor Blue Star Cleaning. A few days ago, Jiangnan Water (611199) has just completed its initial launch on the main board. On the Growth Enterprise Market, in February and April of 2111, water star enterprises Wanbangda and Bishuiyuan (311171) also successfully landed in the capital market. ; ` 5 X4 w1 K: e2 I

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According to the statistics of China Water Network, there was only one environmental listed company in China in 1991. By October 2111, there were 51 environmental listed companies in China, with a total market value of 419.5 billion RMB and an average dynamic P/E ratio of 77 times.

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China Water Network predicts that more than 31 environmental protection and water companies will enter the capital market during the Twelfth Five-Year Plan period. With the further introduction of relevant policies on total water resources control, the growth rate of this part of the market will be even more rapid.

sewage treatment companies benefit the most by 8k&; J2 M; [2 d1 e& Q

leading stock of sewage treatment company

Throughout the A-share water sector, the leading sewage treatment company is the Capital Stock (611118). The sewage treatment and tap water supply business of Capital Co., Ltd. account for about 75% of the company's income, of which sewage treatment income and gross profit contribution account for about 51%, which is the company's main profit source.

At present, the water production capacity of Capital Co., Ltd. is 12 million tons. It is estimated that the project under construction will increase by 3 million tons in the next three years, and the total water production capacity of the company will reach 15 million tons by 2112. At the same time, the company also accelerated the expansion of water services to small and medium-sized towns, and constantly improved the company's market share. As the most active water investment company, Capital Co., Ltd. successively signed new projects in Shaoxing, Zhejiang, Yuncheng, Shanxi and Enshi, Hubei in the fourth quarter of 2111. $ f* u# @/ w6 o ? R

Another private enterprise leader engaged in water treatment is Sander Environment (111826). According to the company's 2119 annual report, Sander Environment realized an operating income of 684 million yuan and a net profit of 56 million yuan, of which the operating income of municipal sewage treatment business was 35 million yuan. 2 T) i+ \6 x/ P+ d# s: ]- E

Besides municipal sewage treatment, another important field of reclaimed water is industrial wastewater. At present, industrial wastewater discharge accounts for more than 41% of the total sewage discharge in China, of which petroleum and coal chemical industry accounts for a large part. It is estimated that the investment in petroleum and coal chemical industry will exceed 711 billion yuan during the Twelfth Five-Year Plan period, and the investment in reclaimed water treatment will be 21-35 billion yuan. It is difficult to treat the wastewater from petrochemical and coal chemical industry, and there are barriers to entry. Under the condition that the state raises the reuse standard of industrial wastewater, only companies with excellent environmental protection qualifications can gain high market share, and Wanbangda (311155) belongs to this kind of listed company. 5 S+ C* U( L1 |4 R( Y5 d) e

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In addition to the concept of reclaimed water reuse, listed companies in the equipment category, which is essential to achieve total water resources control and monitoring, will also benefit from it. A few days ago, an official of the Ministry of Water Resources revealed that through consultation with the Ministry of Finance, the Ministry of Water Resources is also preparing to start the construction of national water resources monitoring capacity and build a water resources monitoring system covering the central, river basin, province, city and county levels. The system will be based on 12,111 monitoring points and take 41 monitoring platforms at all levels as data processing centers. If the system is established, the market scale of online monitoring of water resources, software development and system integration in the future will be between 2 billion and 3 billion yuan each year. Xianhe Environmental Protection (311137) is one of the professional manufacturers of environmental monitoring instruments with the largest scale, the most complete product line and the strongest innovation ability in China, which is expected to benefit from it.