Founder Securities: Implementation Plan for High-Quality Development of Energy-Saving Equipment Released; Significant Long-Term Investment Value in the Environmental Protection Sector

People’s Financial News, March 27 - A research report from Founder Securities believes that recent policies have continuously intensified efforts in the green energy and energy conservation sectors, with fiscal and industrial policies working together. On one hand, the Ministry of Finance has extended the energy conservation and emission reduction subsidy policy until 2030 and has, for the first time, included hydrogen energy as a key support direction, clearly covering new energy vehicles, charging and swapping facilities, fuel cells, and hydrogen energy application pilot projects, signaling a policy shift towards simultaneous promotion of “electrification + hydrogen energy.” On the other hand, seven departments are jointly promoting the green transformation of the small hydropower industry, explicitly shifting from new development to optimizing existing stock and ecological restoration, emphasizing green renovation and intelligent upgrades, marking the industry’s entry into the “structural clearing + operational upgrade” stage. Overall, the policy focus has shifted from scale expansion to quality enhancement and structural optimization, and related investment opportunities are gradually moving from construction to equipment updates, intelligent transformations, and operational service segments. Recently, due to external influences, the environmental protection sector has experienced a significant correction, but the research report believes that the long-term trend remains unchanged in the short term, and high-quality targets are likely to present better allocation opportunities amid volatility. In the air pollution control sector, it is recommended to pay attention to Longjing Environmental Protection, in the resource utilization sector, to focus on Huaneng Environment and Zhejiang Fu Holding, and in the solid waste and water services sector, to monitor Hanlan Environment, Hongcheng Environment, and Xingrong Environment.