机械设备行业《指南》政策点评（2）：有色与建材行业装备更新市场可期

Investment Rating - The industry investment rating is Neutral (maintained) [1] Core Insights - The report highlights the focus on energy conservation, emission reduction, and digital transformation in the non-ferrous metals and construction materials industries, driven by recent policy guidelines [1] - By 2027, the goal is to reduce carbon emissions by 5% per ton of electrolytic aluminum and save 200 kilowatt-hours, while also phasing out inefficient production capacities in key non-ferrous metal sectors [1] - The report emphasizes the diverse range of equipment and technology updates required across various segments, which is expected to drive market demand for related machinery and equipment manufacturers [1] Summary by Relevant Sections Non-Ferrous Metals Industry - The policy emphasizes the need for efficient and green equipment in mining, smelting, and processing, including advanced monitoring and intelligent equipment [1] - Specific equipment updates include energy-efficient mining trucks, intelligent smelting robots, and high-end processing machinery [1] Construction Materials Industry - The focus is on reducing energy consumption and carbon emissions in cement, glass fiber, and ceramic production, with a target of over 30% of production lines meeting benchmark energy standards by 2027 [1] - Key equipment updates involve the application of high-efficiency combustion technologies and automated production processes [1]