（文章来源：证券日报） 证券日报网讯 1月19日，海螺水泥在互动平台回答投资者提问时表示，公司股价波动受宏观经济、行业 和市场形势等多种复杂因素综合影响。公司将围绕已制定的《市值管理制度》，积极推动落实市值管理 的各项举措，持续提升经营发展质量，不断增强公司的内在投资价值。 ...

（编辑 姚尧） 证券日报网讯 1月19日，海螺水泥在互动平台回答投资者提问时表示，2025年四季度，公司生产经营平 稳有序，符合行业整体运行态势。根据上市公司信息披露有关规定，公司会在定期报告中披露报告期末 的股东户数，具体情况请关注公司后续披露的《2025年度报告》。 ...

Group 1 - The cement sector experienced a rise of 0.93% on January 19, with Shangfeng Cement leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] - Key stocks in the cement sector showed significant price increases, with Shangfeng Cement closing at 13.41, up 4.36%, and Hainan Ruize at 4.73, up 4.19% [1] Group 2 - The cement sector saw a net outflow of 54.11 million yuan from institutional investors, while retail investors contributed a net inflow of 18.65 million yuan [2] - Major stocks like Conch Cement had a net inflow of 1.07 billion yuan from institutional investors, despite a net outflow from retail investors [3] - The overall trading volume in the cement sector indicated mixed investor sentiment, with some stocks experiencing significant outflows while others attracted retail interest [3]

Core Viewpoint - The company is actively promoting AI applications in the context of digital transformation, collaborating with Huawei to launch the industry's first AI model for the cement and building materials sector [1] Group 1: AI Application and Impact - The AI model is being utilized in quality control, production optimization, equipment management, and safety production, significantly enhancing operational efficiency [1] - The implementation of the AI model aims to reduce costs, increase efficiency, and improve quality, injecting new momentum into the company's high-quality development [1] - The application scenarios of the AI model are continuously being promoted and optimized [1]

格隆汇1月19日丨海螺水泥(600585.SH)在互动平台表示，在当前数字化转型的背景下，公司积极推进AI 应用，联合华为发布行业首个水泥建材AI大模型，并在质量管控、生产环节优化、装备管理、安全生 产等领域充分发挥效能，助力公司实现降本增效、提质升级，为企业高质量发展注入新动能。目前， AI大模型的应用场景正在持续推广和优化。 ...

Investment Rating - The report maintains an "Overweight" rating for the construction materials industry [1] Core Insights - The construction materials sector has shown a slight decline in social financing growth, prompting a focus on high-dividend stocks and sectors such as real estate and technology [3] - The cement market is experiencing price fluctuations, with a current average price of 347.7 yuan/ton, down 4.8 yuan from last week and down 56.2 yuan from the same period in 2025 [10][11] - The report highlights potential investment opportunities in companies benefiting from high dividends, export-oriented industries, and home renovation sectors [3] Summary by Sections 1. Cement Market Overview - The national average cement price is 347.7 yuan/ton, reflecting a decrease of 4.8 yuan from the previous week and a decrease of 56.2 yuan year-on-year [10][11] - The average cement inventory ratio is 58.9%, down 1.4 percentage points from last week but up 1.4 percentage points from the same period in 2025 [16][20] - The average daily cement shipment rate is 39.2%, down 5.0 percentage points from last week but up 7.0 percentage points year-on-year [16][20] 2. Glass Market Overview - The average price of float glass is 1138.3 yuan/ton, an increase of 16.3 yuan from last week but a decrease of 246.1 yuan from 2025 [41][42] - The inventory of float glass in 13 provinces is 4,986 million weight boxes, a decrease of 209 million from last week but an increase of 1,071 million from the same period in 2025 [46][49] 3. Fiberglass Market Overview - The effective production capacity for fiberglass is projected to reach 759.2 million tons in 2026, a year-on-year increase of 6.9% [4] - The demand for fiberglass is expected to maintain steady growth, driven by wind power and new applications, despite a potential slowdown in overall growth [4] 4. Investment Recommendations - Recommended companies include China National Building Material, Huaxin Cement, and others that are expected to benefit from industry recovery and structural improvements [4][3] - The report suggests focusing on companies with strong dividend yields and those involved in technology and home renovation sectors [3]

Investment Rating - The report maintains a "Strong Buy" rating for the fiberglass sector, indicating a positive outlook for investment opportunities in this industry [2]. Core Insights - The report highlights a favorable policy environment that is expected to support the fiberglass sector's growth, particularly in 2026, with anticipated price increases for electronic fabrics due to supply constraints and high demand for mid-to-high-end products [7][11]. - The report emphasizes the importance of leading companies in the construction materials sector, which are expected to show resilience and profitability as the real estate market stabilizes [7][11]. Summary by Sections Cement - The cement market is entering a seasonal slowdown, with prices expected to decline as demand weakens ahead of the Chinese New Year. The average price is around 353 RMB/ton, with a decrease of 4.7 RMB/ton week-on-week [25][27]. - Southern regions are experiencing a temporary uptick in demand due to project completions before the holiday, while northern regions face declining demand due to cold weather [32][34]. Glass - Float glass prices have seen a slight increase, with an average price of 1,138 RMB/ton, while inventory levels have decreased by 4% week-on-week [35]. - The report anticipates a stable price environment for glass in the short term, with supply reductions expected to support price stabilization as the industry faces ongoing profitability challenges [44]. Fiberglass - The report notes that electronic fabric prices have increased, with the G75 electronic yarn priced between 9,300-9,700 RMB/ton, and the 7628 electronic fabric priced at 4.4-4.85 RMB/meter, reflecting a stable demand and supply situation [49]. - The fiberglass sector is expected to benefit from structural adjustments in product offerings, leading to a favorable supply-demand balance and potential price increases in 2026 [11][45]. Carbon Fiber - Carbon fiber prices are expected to remain stable in the short term, with the report highlighting the potential for increased demand driven by advancements in commercial aerospace [11][13].

Group 1 - The cement sector experienced a decline of 0.92% on January 16, with Jinyu Group leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] - Key stocks in the cement sector showed varied performance, with Xizang Tianlu rising by 3.02% to a closing price of 11.25, while Jinyu Group fell by 9.95% to 1.90 [1][2] Group 2 - The cement sector saw a net inflow of 126 million yuan from institutional investors, while retail investors experienced a net outflow of 161 million yuan [2] - The trading volume for Xizang Tianlu was 1.2037 million hands, with a transaction value of 1.37 billion yuan, indicating strong interest despite the overall sector decline [1][2] - The main capital inflow was concentrated in stocks like Xizang Tianlu and Guotong Shares, with net inflows of 207 million yuan and 16.56 million yuan respectively [3]

绿色是高质量发展的底色。"十四五"以来，海螺集团践行"两山"理念，落实"双碳"行动，协同推进降碳、减污、扩绿、增长，引领行业向资源节约型、环境 友好型绿色循环产业转型发展。 海螺集团以打赢蓝天保卫战为己任，"十四五"累计投入节能环保技改资金200多亿元，超前谋划实施超低排放技术改造，大力推广应用SCR脱硝、湿法脱 硫、"电收尘"改"袋收尘"等深度减排技术，氮氧化物、二氧化硫、颗粒物平均排放浓度远优于国家及地方排放标准，较"十三五"末大幅优化。集团26家公司 通过重污染天气绩效分级A级企业评审，25家公司通过引领性企业评审，位居行业第一。 海螺集团在超过90%的基地公司推广使用替代燃料，加大生物质燃料、生活垃圾、RDF等资源综合利用，充分利用热值的同时为社会消纳有害废弃物，替代 燃料使用比例达30%以上。在甘肃平凉海螺水泥有限责任公司建成行业首个绿电制氢项目，在安徽荻港海螺水泥股份有限公司试点掺氢燃烧技术，在宁国水 泥厂建成生物质碳项目，大力建设光伏、风力发电项目，多途径开发利用清洁能源，深入推动用能结构转型。 海螺集团广泛推行"水泥+协同处置"模式，实现环境效益与经济效益的双赢，建成76个协同处置环保项目，累 ...

Group 1 - The main market saw a net inflow of 19.18 billion yuan as of January 14 [1] - The top ten sectors with the largest capital outflows included Energy Metals (-1.365 billion yuan), Wind Power Equipment (-1.086 billion yuan), and Communication Equipment (-0.983 billion yuan) [1] - The banking sector experienced a capital outflow of 0.721 billion yuan, while the healthcare services sector saw an outflow of 0.628 billion yuan [1] Group 2 - The Energy Metals sector had a slight decline of 0.13% with a net outflow of 1.365 billion yuan, led by the company Greenmei [2] - The Wind Power Equipment sector increased by 1.61% but still faced a net outflow of 1.086 billion yuan, with major outflow attributed to Daikin Heavy Industries [2] - The Communication Equipment sector rose by 4.01% despite a net outflow of 0.983 billion yuan, primarily driven by Galaxy Electronics [2][3]