Environmental pressure overwhelmed, in North China to reduce coal consumption is imperative. Coal burning is an important factor in winter haze in North China. Under the background of increasing environmental pressure, coal consumption is gradually becoming the core of air pollution control policy. According to the policy plan, China's coal consumption will fall from 63.95% in 2015 to 58% in 2020, down 6pct; coal consumption in North China will fall from 75.72% in 2015 to 62.98% in 2020, 13pct, the intensity was significantly higher than the national level.

Three factors to promote Qi, 2017 policy ushered in the window period. 1) "Atmospheric ten" usher in the final year, North China, especially in Beijing and Tianjin region facing a huge pressure; 2) environmental protection down to solve local protectionism intervention in environmental monitoring and monitoring, strengthen government supervision and local environmental protection agencies; Environmental protection into the performance indicators, assessment increasingly stringent. Under the three factors catalyzed, 2017 in North China's air pollution control policy will usher in a window period, the implementation of the intensity is expected to be strong.

North China coal alternative market size close to 700 billion. The technical path of reducing coal consumption is mainly five forms: "coal to gas", "coal to electricity", "coal to geothermal", "coal reform" and energy saving. Through the analysis of the technical path, the industrial chain structure and the competitive pattern of the above five forms of transformation, we expect the corresponding potential market size to be 170 billion, 130 billion, 110 billion, 260 billion and 10 billion respectively in the 13th Five-Year Plan period. Close to 700 billion.

"Coal to gas", "coal to light" full benefit, focusing on recommended Hangzhou pot shares, large yuan pump, Jingshan light machine. From the perspective of performance flexibility, the proposed focus on "coal to gas" plate, optimistic about the recovery in market demand for the industry leader in the performance of the increase, focusing on the recommendation of waste heat boiler head pot, shield pump leading large yuan pump. From the perspective of performance, "coal to light" is the largest market space in the field, the proposed focus on high performance certainty of the enterprise, such as the subsidiary of Suzhou Sheng Cheng is expected to exceed the expected Jingshan light machine.