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 building materials industry aimed at stabilizing growth from 2025 to 2026, focusing on supply-demand coordination, capacity control, and promoting green and digital transformation [1][2]. 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][3]. - Specific measures include preventing the transfer of cement clinker and flat glass capacity from non-key pollution areas to key pollution 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 building 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 building materials companies generated 305.5 billion yuan in revenue but only 11.8 billion yuan in net profit in the first half of 2025, 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]. Group 3: Industry Transformation - Industry experts believe that the building materials sector can transition from quantity to quality by reducing inefficient capacity and promoting technological innovation, especially in light of ongoing reductions in real estate investment and slowing infrastructure growth [5].