Bei Jing Shang Bao·2025-12-22 11:28Group 1 - The renovation and building materials sector experienced a slight decline, closing at 16,306.77 points with a drop of 0.16% [1] - Individual stocks in the sector showed varying degrees of decline, with Zhongyuan Home (603709) leading the drop at 16.91 CNY per share, down 4.52% [1] - Other notable declines included Rierte (002790) at 8.64 CNY per share, down 3.03%, and Sankeshu (603737) at 44.41 CNY per share, down 3.01% [1] Group 2 - On the other hand, Pianos (002853) led the gains in the sector, closing at 24.31 CNY per share with an increase of 8.04% [1] - Dinggu Jichuang (300749) closed at 11.99 CNY per share, up 6.20%, while *ST Songfa (603268) closed at 77.10 CNY per share, up 5.00% [1] Group 3 - Huafu Securities indicated that the supply-side reform expectations amid the acceleration of anti-involution may signal a turning point in the building materials capacity cycle [1] - The expectation of declining interest rates is anticipated to restore home buying willingness, while storage and urban renewal are expected to enhance home buying capacity [1] - The marginal recovery in home buying willingness and capacity is likely to increase the probability of stabilization in the real estate market fundamentals, which may also drive the recovery of post-real estate demand [1]