建材行业策略周报：收储政策加速落地，产业链需求或企稳回升-20250319

Core Insights - The report maintains a positive outlook on the building materials industry, emphasizing the potential for recovery in the real estate sector driven by recent policy implementations [1][4]. Group 1: Market Performance - The building materials sector has experienced a significant decline, with a reported drop of 20% over the past 12 months, compared to a 16% increase in the broader Shanghai and Shenzhen 300 index [2][4]. Group 2: Policy and Market Dynamics - The Guangdong province has initiated land reserve policies, with the first batch of special bond idle land reserve lists revealing 48 plots covering approximately 2.246 million square meters, amounting to 17.1 billion yuan [4]. - The majority of the acquired land is intended for residential use, with residential, commercial, and industrial land accounting for 50%, 30%, and 10% respectively [4]. - The report anticipates that more cities will adopt similar practices to Guangdong, which could lead to improved operational guidelines and support for land exchanges [5]. Group 3: Investment Recommendations - Short-term expectations indicate a marginal improvement in real estate transactions due to proactive policy implementations, while long-term prospects suggest a gradual recovery in consumer confidence and market stability [7]. - The report recommends focusing on consumer building materials companies such as Beixin Building Materials, Weixing New Materials, and Tubao for long-term investments, while suggesting a watch on companies like Dongfang Yuhong and Sankeshu for potential rebounds [7].