建材行业周报：地产销售有所改善，基建投资表现亮眼

Investment Rating - The report maintains an "Outperform" rating for the building materials industry [3] Core Insights - Real estate sales have shown improvement, and infrastructure investment has performed well [2][5] - Cement and glass production has seen a cumulative year-on-year change of -10.7% and +4.9% respectively, with a slight narrowing in the decline of cement production [2][9] - The report suggests focusing on growth-oriented consumer building material companies such as SanKeTree, Weixing New Materials, and others [5][16] Summary by Sections 1. Weekly Focus - Real estate sales have improved, and infrastructure investment has shown strong performance [2][9] - Cement production for the first nine months of 2024 has a cumulative year-on-year decline of -10.7%, with September showing a decline of -10.3% [2][9] - Glass production for the same period has a cumulative year-on-year increase of 4.9%, with September showing an 8.5% increase [2][9] 2. Market Overview - The Shanghai Composite Index rose by 1.4%, while the ChiNext Index increased by 4.5% [17] - The building materials sector saw an increase of 2.8% [17] 3. Key Data Tracking - National cement prices increased by 3.0% week-on-week and 11.3% month-on-month [24][25] - The average price of flat glass increased by 9.0% week-on-week [33] 4. Industry Dynamics - The report highlights ongoing financial statistics from the People's Bank of China, indicating a stable monetary environment [44] - It also notes that the cement market is stabilizing with controlled supply and price increases in certain regions [44] 5. Investment Recommendations - The report recommends focusing on leading consumer building material companies with strong growth potential [5][16] - It also suggests monitoring leading cement companies with significant regional advantages [5][16]