建筑材料行业周报：中央经济工作会议推动房地产市场止跌回稳，关注企业出海布局

Investment Rating - The industry investment rating is maintained at "Overweight" [2] Core Viewpoints - The Central Economic Work Conference held on December 11-12, 2024, aims to promote the stabilization and recovery of the real estate market in 2025, focusing on the release of rigid and improved housing demand potential [2][3] - The report emphasizes the importance of expanding high-level opening-up and promoting the Belt and Road Initiative, highlighting the need to pay attention to companies with significant overseas capacity and revenue [3][7] Summary by Relevant Sections Real Estate Market - The conference identified nine key tasks, with a focus on stabilizing the real estate market and implementing urban village and dilapidated housing renovations [2] - As of the end of November 2024, 3.24 million housing units have been delivered in the nationwide "guaranteed delivery" campaign, improving market expectations [2] Cement Industry - The national average cement price for the week of December 9-15, 2024, was 538.23 RMB/ton, a week-on-week decrease of 1.1% [4] - Cement demand is weak due to seasonal factors, with a week-on-week decrease in cement shipments of 1.4% [4] Flat Glass Industry - The price of flat glass was 1416.7 RMB/ton on December 10, 2024, reflecting a week-on-week decline of 1.1% [5] - Inventory levels decreased by 1.25% week-on-week, indicating a positive trend in the market [5] Investment Strategy - The report suggests focusing on resilient consumer building material leaders such as Weixing New Materials, Beixin Building Materials, and Tubao [7] - It also recommends paying attention to companies benefiting from cash flow improvements and those involved in municipal projects [7]