Analysis of the Strong Performance of Shengyuan Environmental Protection (300867)

Shengyuan Environmental Protection (300867) entered the strong stock pool today, closing up 12.51% to 24.73 yuan with a trading volume of 38.3534 million shares, 2.72 times the average volume, and a market capitalization of 6.72 billion yuan [1]. Analysis shows its strong performance is mainly driven by sector linkage and technical momentum:

1. Sector Policy Favorable Linkage
   : The environmental protection sector has received continuous policy support from the Chinese government, especially in waste incineration power generation and sewage treatment. Related enterprises are expected to obtain more projects and subsidies, and the overall valuation of the industry has increased [2].
2. Technical Side: Rising Volume and Price
   : The stock price is close to the 52-week high of 25.47 yuan, and the volume increase indicates continuous capital inflow, forming strong upward momentum. The year-to-date increase is 91.94%, significantly outperforming the market index [1].

• Industrial Position and Fundamental Support
  : The company operates 13 waste incineration power plants and 5 sewage treatment plants, focusing on environmentally friendly sub-sectors supported by key policies. Long-term growth has an industrial foundation [1].
• Consistency of Market Sentiment
  : Institutional and long-term investors have increased their attention to the environmental protection sector. The technical signal of volume breakthrough and approaching historical highs further strengthens market optimism [2].

• Opportunities
  : As a policy-supported sunrise industry, if the company can continue to expand projects, it is expected to benefit from industry growth dividends [2].
• Risks
  : Dependence on policy subsidies and project approval pace; policy changes may affect performance; the year-to-date increase is significant, so attention should be paid to valuation rationality; the industry competition is fierce, and there is great pressure on project expansion [1].
• Time Sensitivity
  : The short-term stock price is close to the 52-week high; attention should be paid to the resistance level breakthrough. The 20-day moving average (about 23 yuan) is the key support [1].

The strong performance of Shengyuan Environmental Protection (300867) today is jointly driven by sector policies and technical factors, with fundamentals relying on favorable environmental protection industry policies. Investors should pay attention to policy, valuation, and competition risks, and judge the subsequent trend based on technical support and resistance levels.

([0] Jinling Analysis Database, [1] Yahoo Finance, [2] Environmental Protection Industry Policy Analysis)