“反内卷”行情爆火！钢铁、水泥、煤炭等全面爆发！八大方向概念股梳理！

Core Viewpoint - The "anti-involution" theme is gaining traction across various industries, leading to significant price increases in commodities such as polysilicon, lithium carbonate, and rebar, with A-shares reflecting a strong performance in sectors like steel, photovoltaic, and building materials [2][3]. Group 1: Photovoltaic Industry - The photovoltaic industry is experiencing overcapacity, prompting major manufacturers to announce a 30% production cut, which has led to a rebound in polysilicon prices [3][4]. - Key players in the photovoltaic sector, such as Tongwei and LONGi Green Energy, are supporting government policies aimed at eliminating low-price competition and phasing out outdated production capacity [3]. - Companies with core competitive advantages, like Yamaton, which has developed ultra-thin photovoltaic glass technology, are expected to benefit from market consolidation, with Yamaton's stock rising over 50% in the past month [3][5]. Group 2: Steel Industry - The steel industry is responding to the "anti-involution" call, with the China Iron and Steel Association advocating for a new capacity governance mechanism to prevent overcapacity and maintain healthy competition [6]. - A reduction of 30 million tons in crude steel production by 2025 could potentially increase profit margins by 229 yuan per ton, indicating a possible doubling of industry profits [6]. - The steel sector's current price-to-book ratio is at 1.04, suggesting it is undervalued compared to historical levels, with specific segments like ordinary steel showing a price-to-book ratio of 0.88 [6]. Group 3: Cement Industry - The cement industry is also accelerating its "anti-involution" efforts, with the China Cement Association promoting structural optimization and high-quality development [7][8]. - The commencement of a major hydropower project in Tibet, with an investment of approximately 1.2 trillion yuan, is expected to significantly boost cement demand in the region [9]. Group 4: Coal Industry - The coal industry is facing significant challenges, with over 50% of companies reporting losses due to falling prices, prompting calls for self-regulation and a reduction in production to stabilize the market [10][11]. - The focus on improving supply quality and controlling production rates is seen as essential for achieving a more sustainable coal market [10]. Group 5: Other Industries - The "anti-involution" sentiment is spreading to other sectors, including the automotive industry, where companies are advocating against price wars to protect profit margins [12]. - In the livestock sector, leading companies are reducing breeding stock to manage supply and stabilize prices, reflecting a broader trend of capacity control [15]. - The express delivery industry is also moving towards "anti-involution," with regulatory measures aimed at curbing excessive competition and improving operational efficiency [16].