建筑装饰行业建筑周报：中巴关系加深带动合作，国资委强调央企效益持续性

Investment Rating - The report maintains a positive outlook on the construction decoration industry, rating it as "Overweight" [1]. Core Insights - The construction decoration sector has shown resilience, with the SW Construction Decoration Index declining by only 1.61%, outperforming major indices like the Shanghai Composite Index, which fell by 2.60% [4][6]. - Key sub-sectors such as home decoration (+4.48%), ecological landscaping (+0.87%), and professional engineering (+0.78%) have demonstrated strong performance, with notable companies like Dongyi Risheng (+17.62%) and Daqian Ecological (+40.85%) leading the gains [6][9]. - The report highlights significant macroeconomic developments, including President Xi Jinping's visit to Brazil, which aims to enhance bilateral cooperation and align development strategies with the Belt and Road Initiative [16]. Summary by Sections Industry Performance - The construction decoration industry experienced a weekly decline of 1.61%, outperforming the Shanghai Composite Index and other major indices [4][6]. - The best-performing sub-sectors for the week included home decoration, ecological landscaping, and professional engineering, with respective gains of 4.48%, 0.87%, and 0.78% [6][9]. Key Company Developments - China Chemical signed new contracts worth 311.28 billion yuan in Q1-Q3 2024, reflecting a year-on-year increase of 7.20% [19]. - Zhite New Materials secured a significant overseas contract valued at approximately 29.29 million yuan, representing 1.31% of its 2023 revenue [19]. - Baoying Co. won a major project totaling 745 million yuan, accounting for 18.11% of its 2023 revenue [20]. Market Outlook - The report suggests that government investment is expected to play a crucial role in driving growth in the construction sector in Q4 2024 and 2025, with a focus on state-owned enterprises [1][19]. - Key companies recommended for investment include China Railway, China Railway Construction, and China Communications Construction, among others [1][19].