Changes in Hong Kong stocks | China Liansu (02128) is now up more than 5%. The underground pipeline network policy will boost industry demand and the impact of real estate on the company has come to an end

The Zhitong Finance App learned that China Liansu (02128) is now up more than 5%. As of press release, it has risen 5.12% to HK$3.9, with a turnover of HK$57,1892 million.

According to the news, Liu Sushe, deputy director of the National Development and Reform Commission, said at the press conference of the State Information Office that the total amount of gas, gas, drainage, heating and other pipelines expected to be renovated in the next five years is about 600,000 kilometers, with a total investment requirement of 4 trillion yuan. Qinglong Pipe Industry said that the country's new policy of “construction of a 600,000-kilometer underground pipeline network in 5 years, with a total investment requirement of 4 trillion dollars,” will significantly boost industry demand and improve the project funding situation.

Guotai Jun An pointed out that China Liansu's pipeline business sales transformation is relatively good, and non-real estate+non-South China is expanding rapidly. The expansion of the non-real estate business and the rapid expansion of markets outside of South China, leading the development of the agricultural sector. The company's early real estate business accounts receivable, or more than 75% of the accounts receivable from high-risk housing enterprises, are more than 75%, and the overall risk reduction in the housing arrival process is relatively good. The company's current dynamic PE has dropped to about 4x, which is mainly affected by Hong Kong stocks; moreover, in the current context of insufficient capacity utilization, the increase in the company's transformation to new energy sources is actually difficult to significantly increase capex, and the operating risk is relatively manageable.