六部门推动建材行业稳增长严格水泥玻璃产能调控

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has released a work plan for the construction materials industry aimed at stabilizing growth from 2025 to 2026, focusing on supply-demand coordination, capacity control, and promoting green and digital transformation [1] Group 1: Capacity Control - The plan emphasizes strict control over cement and glass production capacity, prohibiting new capacity for cement clinker and flat glass, and requiring capacity replacement plans for new or modified projects [2][3] - Analysts note that the national cement price index is at a low since 2019, with declining real estate and infrastructure investments leading to weak demand for cement and glass, making capacity control crucial to reversing price declines [2] - Specific measures include preventing the transfer of cement clinker and flat glass capacity from non-pollution areas to pollution control areas, and requiring cement companies to align actual capacity with registered capacity by the end of 2025 [3] Group 2: Profitability Enhancement - The plan aims to improve the profitability of the construction materials industry, with expectations for recovery and enhanced innovation capabilities from 2025 to 2026, targeting over 300 billion yuan in revenue from green building materials by 2026 [4] - Recent data shows that 73 listed construction materials companies generated 305.5 billion yuan in revenue in the first half of 2025, with net profits of only 11.8 billion yuan, indicating significant pressure on profitability [4] - The shift in policy focus from scale to quality and efficiency is highlighted, suggesting that improved profitability will enable more investment in research and development, fostering a cycle of innovation and profit [4][5] Group 3: Industry Transformation - The plan indicates a need for the industry to transition from low-efficiency capacity reduction to technological innovation, aiming for a shift from quantity to quality in production [5] - Industry experts believe that the construction materials sector can achieve a transformation by eliminating outdated capacity and promoting technological advancements, especially in light of ongoing reductions in real estate investment and slowing infrastructure growth [5]