[GF Environmental Chen Long & Guo Peng] Low Allocation + Strong Performance: Focus on AI Transformation and Operating Assets

English summary

# Recommended attention: 瀚蓝环境, 光大环境, 上海实业控股, 粤海投资, 盈峰环境, 大地海洋, 朗坤科技, etc. # As of the end of 26Q2, environmental holdings were only 0.12%, close to the lowest level since 2013. As of the end of 2026Q2, the fund allocation ratio for GF Environmental sample stocks was only 0.12%, down 0.24 pct YoY and 0.12 pct QoQ, close to the lowest since 2013. Among the top ten institutional holdings in the environmental sector, the main positions are operating-type dividend assets with growth expectations, such as 瀚蓝环境, 伟明环保, etc., as well as growth-style companies such as 英科再生 (recycled plastics), 山高环能 (biodiesel), 美埃科技 (semiconductor cleanrooms), 高能环境 (metal resource recovery), 浙富控股 (metal resource recovery), etc. Looking ahead, it is expected that as mid-insurance transformation companies deliver performance results, and waste incineration and water companies continue to show stable earnings and steady dividend increases, their room for increased allocation is worth expecting. ...