公用事业与环保行业深度研究：环保行业增长稳定，2018年蓄势待发-180501

1.1.[Table_Title]/2018[Table_Summary]2017672017620172017671800.3924.95%230.39,18.74%201729%12.28%1.1452.70%630%61.35%28.72%0.28%50%30%ROE17.21%ROE2017ROEROE34.41%[Table_CompanyFinance]EPSPE2017A2018E2019E2017A2018E2019E27.851.191.521.9123.4018.3214.588.090.380.540.6821.2914.9811.9018.490.821.101.4422.5516.8112.8414.050.600.720.8023.4219.5117.5617.880.420.871.3042.5720.5513.75[Table_Invest][Table_PicQuote]-33%-21%-9%3%15%27%2017/52017/62017/72017/82017/92017/102017/112017/122018/12018/22018/32018/4[Table_Trend]%1M3M12M-2.35%-12.58%-28.53%1.64%1.67%-37.52%[Table_IndustryMarket]443029207518.981.61976109%56.14[Table_Report]2018-04-222018-04-17PPP2018-04-09PPP2018-04-01[Table_Author]S0550516090002021-20361113liujun@nesc.cnS0550117050002021-20361158maqh@nesc.cn/2018-05-012/221.2017.32...62.162.1.1.62.1.2..62.1.3.72.2.30%..82.2.1.38.74%...82.2.2.30%92.2.3102.3..112.3.1112.3.2.ROE112.3.3...122.4..132.4.1132.4.2.ROE142.4.3...152.5.:ROE152.5.1...152.5.2.ROE162.5.3...172.6..172.6.1..172.6.2.ROE...182.6.3.193...193/221.20172018428201720174201843009.22%18.32%2531.68%17.71%13.00%12.64%120172018-30%-20%-10%0%10%20%30%40%Wind67201720171800.3924.95%620%38.74%22017320170%5%10%15%20%25%30%35%0500001000001500002000002500002013201420152016201714.38%38.74%34.18%8.33%27.82%26.02%0%5%10%15%20%25%30%35%40%45%WindWind4/2242013-201705000100001500020000250003000035000400004500020132014201520162017Wind2017230.3918.74%17.2328.9061.35%36.57%14.590.28%201752017620170%5%10%15%20%25%30%35%05000100001500020000250002013201420152016201728.72%29.31%17.21%-0.28%61.35%36.57%-10%0%10%20%30%40%50%60%70%WindWind5/22701000200030004000500060007000800020132014201520162017WindROE201729%1.312.80%0.6720171.144.56%11.85%4.25%0.040.850.27201752.70%ROE2017ROE8.56%8931.42%31.18%32.56%30.30%29.00%17.81%14.68%15.83%13.47%12.80%0%5%10%15%20%25%30%35%201320142015201620174.85%4.98%5.07%4.52%4.25%13.52%13.47%13.92%12.70%11.85%3.95%4.89%5.21%4.60%4.56%-3%2%7%12%17%22%27%20132014201520162017WindWind6/221011ROE46.65%49.98%48.3