Shenwan Hongyuan Securities·2025-11-09 11:08Investment Rating - The report indicates a positive outlook for the construction and decoration industry, with specific recommendations for state-owned enterprises and private companies [1][2]. Core Insights - The construction industry experienced a weekly increase of 1.85%, outperforming major indices such as the Shanghai Composite Index and Shenzhen Component Index [2][4]. - The best-performing sub-industries for the week included decorative curtain walls (+5.31%), professional engineering (+4.28%), and infrastructure private enterprises (+2.59%) [4][7]. - Year-to-date, the top-performing sub-industries were infrastructure private enterprises (+71.38%), decorative curtain walls (+52.94%), and professional engineering (+49.27%) [4][7]. - Key companies showing significant weekly gains included Dongyi Yisheng (+27.68%), Hainan Development (+27.41%), and Chongqing Construction (+25.24%) [7][8]. Industry Changes - The State Council approved the "Chengdu-Chongqing Twin City Economic Circle Land Space Planning (2021-2035)", aiming to enhance regional competitiveness and support the construction of the new western land-sea corridor [8][9]. - The Ministry of Transport announced plans for significant infrastructure improvements, including the renovation of 100 old bridges in Shaanxi and the completion of rural road investments in Inner Mongolia [9][10]. Key Company Developments - Zhongyan Dadi won a bid for a project in Beijing with a total amount of 0.74 billion yuan, representing 9.4% of its 2024 revenue [10]. - Chongqing Construction secured contracts for the Huangmianping Yangtze River Bridge project, totaling 18.39 billion yuan, which accounts for 6.7% of its 2024 revenue [11].