——申万宏源建筑周报（20260202-20260206）：系统谋划重点领域重大项目投资，发挥央国企扩投资作用-20260208

Investment Rating - The report indicates a positive outlook for the construction and decoration industry, suggesting an "Overweight" rating, as the industry is expected to outperform the overall market [19]. Core Insights - The construction industry experienced a weekly decline of 1.81%, with the decoration curtain wall sector showing the best performance at +2.17% [4][5]. - Key companies such as Mingdiao Co. (+31.83%), Hangxiao Steel Structure (+9.62%), and Guosheng Technology (+25.29%) led the weekly gains, while companies like Taiji Industrial (-17.38%) and Yaxiang Integration (-14.27%) faced significant losses [5][9]. - The Ministry of Housing and Urban-Rural Development emphasized the importance of improving housing quality through standards, design, materials, construction, and maintenance [11]. - A State Council meeting highlighted the need for effective investment to stabilize economic growth, focusing on infrastructure, urban renewal, and public services as key areas for major projects [11]. Industry Performance - The SW Construction Decoration Index fell by 1.81%, underperforming the Shanghai Composite Index, which declined by 1.27% [4]. - The best-performing sub-industries for the week included decoration curtain walls (+2.17%), steel structures (+2.05%), and ecological landscaping (+0.55%) [5]. - Year-to-date, the steel structure sector has seen the highest growth at +23.50%, followed by professional engineering (+19.18%) and decoration curtain walls (+10.20%) [5]. Company Updates - Palm Holdings won a bid for a high-standard farmland construction project in Shangqiu, valued at 228 million yuan, representing 7.44% of its 2024 revenue [11]. - Southeast Network Framework secured a contract for a cultural industry project in Nanzhan, worth 994 million yuan, accounting for 8.85% of its 2024 revenue [11].