Xin Lang Cai Jing·2026-01-26 09:57Core Insights - Mr. Han Yu has officially joined CITIC Construction Investment Securities Research Institute as the co-chief analyst for building materials and new materials, bringing a multidisciplinary background in materials engineering and economics with six years of research experience in the building materials and chemical sectors [2][13] - The company aims to challenge the traditional perception of the building materials industry as a sunset sector and to uncover growth opportunities during the industry's transformation, ultimately creating value for investors and providing references for industrial development [2][13] Team and Future Plans - The team will focus on consensus building and key areas, leveraging professional capabilities to enhance the research ranking in line with the company's business ranking [6][19] - CITIC Construction Investment has launched a multi-asset allocation platform to provide investors with a practical investment system supported by robust data processing capabilities [6][19] Research Methodology - The building materials industry has experienced a continuous decline over the past five years, necessitating a focus on identifying investment opportunities and maintaining research integrity [8][21] - The research scope has expanded from traditional building materials to "constructive materials," which include structural materials for various applications, particularly in the context of AI and computing power upgrades [9][22] Market Outlook - By 2025, the demand for new real estate in cement is expected to decrease to 18.9%, and the demand for flat glass in construction is projected to drop to 41.3% of total flat glass demand, indicating a shift towards a market dominated by existing housing renovations [10][23] - The company is optimistic about investment opportunities in special electronic fabrics and resin material upgrades, as well as the accelerated domestic substitution in the electronic chemicals sector [10][23]