推进新基建打造韧性城市，强调智能化布局：——申万宏源建筑周报（20251013-20251017）-20251019

Investment Rating - The industry investment rating is "Overweight," indicating that the industry is expected to outperform the overall market [20]. Core Insights - The report highlights the implementation of smart city infrastructure as a key focus, emphasizing the development of intelligent municipal facilities, smart residential areas, and digital home construction [11][12]. - The construction sector is currently experiencing weak overall demand, but regional investments are expected to gain momentum as national strategies are further implemented [11][12]. Industry Performance - The SW Building Decoration Index decreased by 1.67%, outperforming the CSI 300 Index, which fell by 2.22% [2][4]. - The best-performing sub-industries for the week were decoration curtain walls (+3.44%), steel structures (+2.32%), and design consulting (+0.47%) [4][8]. - Year-to-date, the top-performing sub-industries include infrastructure private enterprises (+53.40%), ecological landscaping (+36.59%), and decoration curtain walls (+33.09%) [4][8]. Key Company Developments - Shaanxi Construction Group won a bid for a 150MW wind power project in Guangxi, with a total contract value of 1.162 billion yuan, accounting for 0.77% of its 2024 revenue [11][12]. - Zhongyan Dadi secured a contract for a nuclear power plant project with a total value of 77 million yuan, representing 9.77% of its 2024 revenue [11][12]. - Major companies recommended for investment include China Chemical, China Railway, and China Railway Construction, with a focus on state-owned enterprises and private firms like Zhizhi New Materials and Honglu Steel Structure [11][12].