电动化&环卫服务相得益彰，“5115”战略行稳致远

电动化&环卫服务相得益彰，“5115”战略行稳致远 -13%6%25%44%63%10-1902-2005-2009-20盈峰环境沪深300 要点 1 “5115” ...................................................................................... 3 2 ...................................................................................... 5 2.1 2021 ..................................................................................... 5 2.2 ................................................................................................ 12 3 .................................................................................... 16 3.1 ............................................................................................ 16 3.2 & ............................................................................... 19 4 ................................................................................................................................ 22 5 ................................................................................................................................ 22 -30%-20%-10%0%10%20%30%40%50%60%0510152025303540452020Q12020Q22020Q3-50%-40%-30%-20%-10%0%10%20%00.511.522.533.544.52020Q12020Q22020Q3-10-8-6-4-202462019Q12019Q22019Q32020Q12020Q22020Q30%5%10%15%20%25%30%2019Q12019Q22019Q32020Q12020Q22020Q3 11389061.22%58%58%59%59%60%60%61%61%62%0200004000060000800001000001200002016201720182019CR1002000400060008000100001200014000160001234567891011122016201720182019 22672 19.9% 17227 15.1% 7210 6.3% 4333 3.8% 3387 3.0% 3385 3.0% 3281 2.9% 3150 2.8% 2554 2.2% 2527 2.2% 1/17 2020—2022 2/18 2019-2020 4/23 2020 7/8 “”2020-2022 7/14 2020 4.5 7/28 2020-2022 20226600 9/22 202021 10/14 4.54.550% 11/13 2021 + 010203040506070201320142015201620172018201920202021 49%48%0%10%20%30%40%50%60%201720182019() 0%5%10%15%20%25%0200040006000800010000120001400016000180002000020162017201820190%5%10%15%20%25%01002003004005006007002016201720182019 -30%-20%-10%0%10%20%30%0100200300400500600123456789102019202000.050.10.150.20.2511.522.533.544.555.56201520162017201820192020.1-10 2015 2016 2017H1 2018 2019Q1-Q3 2020Q1-Q3 1 4.1 12 5.5 24.3 13.9 10.15 2 3.4 11.9 4.9 16.6 9.6 8.05 3 3.2 6.4 2.6 12.4 9.5 6.3 4 2.7 4.7 2.5 8.8 5.9 4.88 5 1.5 4.7 2 7.8 5.6 3.97 6 0.9 3.6 1.9 7.6 5.2 3.68 7 0.3 3.5 1.5 5.8 4.8 3.47 8 2.8 1.5 5.6 4.7 3.18 9 1.9 1.3 5.6 2.98 10 1.2 5.3 2.98 道路清扫保洁垃圾收转运公厕运维绿化管养智慧平台建设垃圾分类设施建设运维环卫停车场建设运维城市综合执法地下管廊运维公共物业（政府、产业园等）公共服务（巡查、信访等）城市公共资源运营（广告牌、停车场等）传统环卫招标环卫PPP项目城市服务 城市治理变革线企业业务承接线环卫市场化标段释放环卫一体化需求出现综合市政、执法、服务、运营，向城市服务商迈进案例项目洛阳市涧西区环卫业务市场化（5个标段）深圳市宝安区环卫一体化PPP项目珠海市横琴新区“物业城市”项目由政府包干向市场化转型在市场化过程中进行职能整合进一步放权，“整体性”打包第一阶段第二阶段第三阶段 1 121 3697 16 59144 2 313 160 3 479 3 430 PPP 2327 21 48867 4 523 PPP 52042 15 780631 5 63 PPP 1159 14 16232 6 610 1500 8 12000 7 615 2020 438 3 1313 8 615 7296 3 21889 9 623 3900 8 31200 10 624 1950 8 15600 11 624 2020-2022 375 2 750 12 629 5918 3 17754 13 630 3166 3 9499 14 915 2020 382 1 382 15 99 A 264 3 791 16 924 2391 20 47820 17 930 2066 3 6199 18 1030 A 1530 3 4590 19 1118 3961 3 11884 20 122 2418 1 2418 21 127 3917 3 11751 博时基金