Sina tip: This is a research report column, which is only an analyst's personal views and opinions on a stock, not a formal news report. Sina does not guarantee its authenticity and objectivity. All effective information about the stock is subject to the announcement of the Shanghai and Shenzhen Stock Exchanges. Investors are respectfully advised to pay attention to the risks.

　　 Changjiang Securities

The People's Government of Julu County, Hebei Province and Sound environment On November 13, 2012, Resources Co., Ltd. signed the Cooperation Framework Agreement on the Domestic Waste to Energy Power Generation Project in Julu County, Hebei Province, and both parties reached a cooperation intention on the disposal of regional solid waste. The project is currently in the early stage of preparation. Based on the 18 month construction period of the waste incineration treatment project, it is expected that the project will contribute performance as soon as 2014. From the perspective of the future development of the environmental protection industry, solid waste is one of the fastest growing fields. Sound Environment, as a leading enterprise in the solid waste industry, has a complete solid waste industry chain business, which will benefit from the rapid growth of the industry during the "12th Five Year Plan" period. With the gradual increase of the company's construction projects, a good demonstration effect may promote the rapid growth of the company in the future. The company's performance forecast for 2012-2014 is 0.86, 1.12 and 1.45 yuan, corresponding to the current stock price valuation of 26 times, 20 times and 15 times, optimistic about Sound Environment's good future development prospects in the field of solid waste, and maintain the "recommended" rating.

get into [Sina Finance and Economics] discuss