2017年环保产业景气报告：新三板环保企业

2018年6月，基于Wind数据库中2017年企业年报数据，中国环境保护产业协会与中央财经大学绿色经济与区域转型研究中心合作，对367家新三板环保企业数据展开分析，联合发布环保产业景气分析系列报告—《2017年环保产业景气报告：新三板环保企业》。报告显示：新三板环保企业2017年全年景气上行，预计2018年上半年景气有望继续保持上升态势。新三板环保企业，2017年主营业务收入、环保主营业务收入和资产总额分别为486.92亿元、413.47亿元和996.61亿元，同比分别增长21.03%、13.56%和10.95%，总体规模较去年同期有所扩张；实现利润总额52.62亿元，同比增长6.39%；利润率、盈利能力综合指数表现不佳，同比下滑均超过40%；营运能力有所上升，资金流动性大幅下降；成本压力总体有所增加；预期2018年上半年市场表现或将回暖。从细分领域看，2017年下半年，固废处理与资源化领域受益于固废处理处置监管日趋严格和固废无害化、减量化、资源化处理需求的持续增长，市场空间被激发，效益表现和资金运作方面表现尚佳，景气表现上行；大气污染防治领域景气表现稳中有升，规模稳步扩张，但受燃煤电厂超低排放改造新增市场萎缩等因素影响，盈利能力表现欠佳，而非电行业较好的市场前景或将助力该领域2018年上半年景气表现保持平稳；综合类领域景气上行，但下个半年景气表现不容乐观；环境修复领域景气表现低于预期，但随着相关政策和标准的进一步完善，2018年上半年景气表现值得期待；受限于领域内大部分企业在资产、团队构成、管理水平，以及融资、科技创新和市场拓展能力等方面的不足，水污染防治领域整体景气表现平平，且2018年上半年景气或将下滑；环境监测与检测领域受环境监测体制改革和社会化环境监测市场释放等利好因素的拉动，规模和效益表现良好，但下个半年的景气变化尚不明朗。从地区分布看，2017年东部地区景气表现总体下滑，2018年上半年或将继续下行；中部、西部地区2017年下半年景气表现较上半年大幅提升，同时西部地区2018年上半年有望保持继续上升的态势。

In June 2018, in collaboration with the Research Center for Green Economy and Regional Transformation of the Central University of Finance and Economics, the China Association of Environmental Protection Industries released a series of reports on the prosperity of the environmental protection industry — *2017 Environmental Protection Industry Prosperity Report: New Third Board Environmental Protection Enterprises* — based on the 2017 annual report data of enterprises from the Wind Database, analyzing data from 367 New Third Board environmental protection enterprises. The report shows that the overall prosperity of New Third Board environmental protection enterprises trended upward in 2017, and it is expected that the prosperity will continue to rise in the first half of 2018. In 2017, the main business revenue, environmental protection main business revenue, and total assets of these enterprises were 48.692 billion yuan, 41.347 billion yuan, and 99.661 billion yuan respectively, with year-on-year growth of 21.03%, 13.56%, and 10.95% respectively, indicating that the overall scale expanded compared to the same period of the previous year; the total profit reached 5.262 billion yuan, with a year-on-year growth of 6.39%. However, the profit margin and comprehensive profitability index performed poorly, both declining by more than 40% year-on-year; the operating capacity improved, while capital liquidity dropped significantly; overall cost pressure increased. It is expected that the market performance will rebound in the first half of 2018. From the perspective of segmented sectors: In the second half of 2017, the solid waste treatment and resource utilization sector was stimulated by increasingly strict supervision of solid waste treatment and disposal and the continued growth of demand for harmless, reduction, and resourceful solid waste treatment, with its market space activated, performing well in terms of benefit and capital operation, and its prosperity trending upward. The air pollution prevention and control sector saw steady and modest growth in prosperity and steady expansion of its scale, but its profitability was poor due to factors such as the shrinking new market for ultra-low emission transformation of coal-fired power plants. However, the favorable market prospects of the non-electric power industry are expected to help the sector maintain stable prosperity in the first half of 2018. The comprehensive sector saw upward prosperity, but its performance in the next half year is not optimistic. The environmental restoration sector's prosperity was lower than expected, but with the further improvement of relevant policies and standards, its performance in the first half of 2018 is promising. Limited by the deficiencies of most enterprises in this sector in terms of assets, team composition, management level, financing, technological innovation, and market expansion capabilities, the water pollution prevention and control sector saw mediocre overall prosperity, and its prosperity may decline in the first half of 2018. Driven by favorable factors such as the reform of the environmental monitoring system and the release of the socialized environmental monitoring market, the environmental monitoring and testing sector performed well in terms of scale and benefit, but its prosperity changes in the next half year remain unclear. From the perspective of regional distribution: The overall prosperity of the eastern region declined in 2017, and it may continue to decline in the first half of 2018; the prosperity of the central and western regions improved significantly in the second half of 2017 compared to the first half, and the western region is expected to maintain its upward trend in the first half of 2018.