Low carbon policy is concentrated

From December 7 to December 18, 192 national leaders will hold a two-week climate change conference in the Danish capital, Copenhagen, and we expect a framework agreement on global emissions reduction to be reached at this meeting.　　If Copenhagen is to reach a better deal, the low-carbon economic chain will rise around the world.　　We are more optimistic about the low-carbon economy in the industrial chain of nuclear power, photovoltaic, smart grid, new energy vehicles, IGCC (integrated coal gasification combined cycle power generation system). Nuclear power is the most stable and profitable new energy, and has great potential.　　At present, China's nuclear power installed capacity of 9.06 Million-kilowatt, is expected to 2020 China's nuclear power installed capacity will reach 70 Million-kilowatt, under construction 30 Million-kilowatt, 10 growth of about 10 times times. The high barrier of the nuclear power industry makes the relevant listed companies fully enjoy the benefits of the development of the industry.　　We are optimistic about large nuclear power equipment manufacturers and the nuclear power industry leading enterprises, such as Oriental Electric (600875), land and sea heavy Industry (002255), nuclear technology (000777), Bao Titanium shares (600456).　　As far as PV industry is concerned, it is at the bottom of the rebound stage, and the start-up of local market will be the key factor of its development.　　Relatively speaking, we are optimistic about the photoelectric integration of the industrial chain of Tianwei Conservation (600550) and aerospace electromechanical (600151), as well as in the fine molecular industry has the first advantage of Jin Jing Technology (600586), Jiangsu Guotai (002091) and Shanshan shares (600884). Smart grid, must pay attention to grasp the investment rhythm.　　Smart grid including power generation, substation, transmission, distribution, electricity five links, we believe that UHV, flexible transmission, digital substation, smart meters four links will first benefit from smart grid investment.　　Notable listed companies include special-transformer electricians (600089), Rongxin shares (002123), Guo Nari (600406), Chang Yuan Group (600525), and Ke Lu Electronics (002121).　　New energy vehicles, the government will spare no effort to promote the development of new energy vehicles, the future policy will focus on consumer subsidies and key technology promotion. The new energy automobile industry chain includes mineral resources, battery material components and modules.　　Notable companies include the Tibet Mining Industry (000762), the Buddha-plastic shares (000973), the Branch force far (600478), Shanghai Automobile (600104), Yutong Bus (600066). IGCC is the most promising technology of clean coal power generation. IGCC has obvious advantages in cycle efficiency, waste utilization, carbon emission reduction and water saving, and it is most likely to become the mainstream of clean coal power generation technology. IGCC main equipment including gasification furnace, air separation furnace, gas purification equipment, waste heat boilers, gas turbines and so on. The relevant listed companies are Oriental Electric, Shanghai Electric (601727), land and sea heavy industry, Keda electromechanical (600499), Huaguang shares (600475), Days Branch shares (600378).　　What is noteworthy is that if China shows a higher profile at Copenhagen, it can be expected that the first half of next year will be in a period of intensive release of new energy and energy-saving policies.　　These policies will provide a positive stimulus to the underlying fundamentals of the listed companies, and the level of valuations is expected to improve. Investing in a Low-carbon economy may now be sowing time. (Note: Premier Wen Jiabao 25th chaired the State Council executive meeting to set the 2020 China's action targets for controlling greenhouse gas emissions, and to propose corresponding policy measures and actions, such as strengthening energy conservation, energy efficiency, clean coal, renewable energy, advanced nuclear power, Carbon capture utilization and storage, such as Low-carbon and 0 carbon technology research and development and industrial investment. ) Hunan Financial Securities