建筑行业周报：建筑央企24H1利润承压，刺激政策值得期待

Investment Rating - The report maintains a "Positive" outlook for the construction decoration industry [3]. Core Insights - The construction industry has faced profit pressure in the first half of 2024, with expectations for stimulating policies to support recovery [3]. - The report highlights the performance of various sub-sectors, with design consulting, steel structure, and decorative curtain walls showing the highest weekly gains [3][5]. - Key companies such as China Railway and China Communications Construction have reported declines in revenue and net profit for the first half of 2024 [17]. Summary by Sections Industry Performance - The construction decoration sector's weekly performance was -2.28%, underperforming compared to major indices [5]. - The best-performing sub-sectors for the week included design consulting (+5.28%), steel structure (+4.96%), and decorative curtain walls (+4.18%) [7][9]. Major Changes in the Industry - The National Development and Reform Commission issued a notice to promote private investment in key sectors such as infrastructure and real estate [14]. - The State-owned Assets Supervision and Administration Commission is working on a more targeted evaluation system for state-owned enterprises [14]. Key Company Updates - China Railway reported a 7.83% decline in revenue and a 12.08% drop in net profit for H1 2024 [17]. - China Communications Construction's revenue decreased by 2.52%, with a slight net profit decline of 0.59% [17]. - China Chemical's revenue fell by 0.34%, and net profit decreased by 3.63% [17]. Investment Recommendations - The report recommends focusing on companies like China Railway and China Railway Construction, while also keeping an eye on China Communications Construction and China Metallurgical Group [3].