新藏铁路公司成立，继续关注中西部重大基建工程项目和稳增长发力

Core Viewpoint - The construction decoration sector has shown a weekly increase of 1.75%, outperforming the Shanghai and Shenzhen 300 index and the Wind All A index, which increased by 1.23% and 1.94% respectively, indicating a positive trend in the sector [2][4]. Industry Developments - The establishment of the New Tibet Railway Company by the National Railway Group marks a significant step towards the commencement of the New Tibet Railway project, which is expected to be approximately 2000 kilometers long and may require an investment exceeding 300 billion yuan due to its complex terrain and construction challenges [3][4]. - The Ministry of Transport, Ministry of Finance, and Ministry of Natural Resources have issued a new rural road enhancement action plan, aiming to complete the reconstruction of 300,000 kilometers of rural roads by 2027, which is anticipated to support demand for engineering and materials [3]. Market Insights - The construction industry PMI for July stands at 50.6%, a decrease of 2.2 percentage points from the previous month, reflecting potential delays in construction progress due to adverse weather conditions [4]. - The new order index and business activity expectation index for July are at 42.7% and 51.6% respectively, both showing a decline, indicating a weak expectation for new project launches that may require further macroeconomic policy support [4][5]. Investment Recommendations - Companies with low valuations and stable performance in the infrastructure sector, such as China Communications Construction, China Electric Power Construction, and China Railway, are recommended for potential valuation recovery [5]. - The overseas engineering sector has seen a 9.3% year-on-year increase in completed contract value and a 13.7% increase in new contract value in the first half of 2025, with significant growth in contracts signed in Belt and Road Initiative countries [5]. - There are promising investment opportunities in specialized manufacturing and renewable energy-related infrastructure sectors, with companies like Honglu Steel Structure and Huayang International expected to benefit [5].