行 业 研 究 / 建 筑 装 饰 / 证 券 研 究 报 告 建筑装饰行业周报 继续推荐政策持续加码的未来产业成 长赛道，同时重视低位央国企配置机会 2026 年 02 月 08 日 【投资要点】 2）本周，《中共中央 国务院关于锚定农业农村现代化 扎实推进乡村 全面振兴的意见》正式发布，意见要求努力把农业建成现代化大产业， 使农村基本具备现代生活条件，让农民生活更加富裕美好。我们注意 到 2025 年国家发布《逐步把永久基本农田建成高标准农田实施方案》， 并发出通知，要求各地区各部门结合实际认真贯彻落实。主要目标是， 到 2030 年，力争累计建成高标准农田 13.5 亿亩，累计改造提升 2.8 亿亩，统筹规划、同步实施高效节水灌溉，新增高效节水灌溉面积 8000 万亩，测算高标农田建设年空间 2000 亿元，且由于政府补贴能够覆盖 30%左右成本，因此资金确定性较高。高标农田建设企业【棕榈股份】、 水系统建设企业【大禹节水】有望受益。 3）本周，上海启动收购二手住房用于保障性租赁住房工作，浦东新区、 静安区、徐汇区为首批试点区。第一批拟收购房源将着重房型匹配、 布局合理、配套成熟、交通便捷等特点，尽量精 ...

Core Viewpoint - The report highlights the competitive landscape and development trends of the cement specialized equipment industry in China from 2026 to 2032, indicating a slight decline in production in December 2025 but an overall increase in annual production for the year [1] Group 1: Industry Overview - According to the National Bureau of Statistics, the production of cement specialized equipment in China was 27,000 tons in December 2025, representing a year-on-year decrease of 1.2% [1] - The cumulative production of cement specialized equipment from January to December 2025 reached 289,000 tons, showing a cumulative growth of 21.2% [1] Group 2: Companies Mentioned - Listed companies in the report include Jidong Equipment (000856), Southern Road Machinery (603280), and China National Materials International (600970) [1] Group 3: Research and Consulting - The report is published by Zhiyan Consulting, a leading industry consulting firm in China, which has been dedicated to industry research for over a decade, providing comprehensive consulting services [1]

Core Viewpoint - The stock of China National Materials (中材国际) has experienced a decline, with a closing price of 10.71 yuan on February 6, 2026, down 2.19% from the previous day, indicating a trend of fluctuating investor sentiment and capital flow [1]. Group 1: Stock Performance and Capital Flow - On February 6, 2026, the stock recorded a trading volume of 189,800 shares and a total transaction value of 205 million yuan [1]. - The net inflow of main funds was 452,800 yuan, accounting for 0.22% of the total transaction value, while retail investors saw a net inflow of 15.85 million yuan, representing 7.73% of the total [1]. - Over the past five days, the stock has seen varying capital flows, with notable net outflows from speculative funds on February 6, amounting to 16.30 million yuan [1][2]. Group 2: Financing and Margin Trading - On February 6, 2026, the financing buy amounted to 10.30 million yuan, while financing repayment was 15.26 million yuan, resulting in a net repayment of 4.96 million yuan [1]. - The margin trading balance stood at 460 million yuan, with a margin loan balance of 1.77 million yuan and a short selling balance of 164,800 shares [1][2]. Group 3: Company Financials and Industry Comparison - As of the third quarter of 2025, China National Materials reported a main business revenue of 32.998 billion yuan, a year-on-year increase of 3.99%, and a net profit attributable to shareholders of 2.074 billion yuan, up 0.68% year-on-year [4]. - The company’s total market capitalization is 28.08 billion yuan, with a net asset value of 23.897 billion yuan, and a net profit margin of 6.76%, which is significantly higher than the industry average of -3.1% [4]. - The company ranks 10th in net profit and 5th in return on equity (ROE) within the engineering construction industry, indicating a competitive position [4]. Group 4: Analyst Ratings - In the last 90 days, 9 institutions have provided ratings for the stock, with 8 recommending a buy and 1 suggesting an increase in holdings, while the average target price set by analysts is 13.86 yuan [5].

Core Viewpoint - The announcement highlights the construction of an intelligent manufacturing research and production base in Chaozhou, which aims to enhance the product R&D and manufacturing capabilities of Zhuozhao Point Glue, thereby improving operational efficiency and reducing costs [1][3]. Group 1: Project Details - The project is located in the Daling Mountain Industrial Park in Chao'an District, Chaozhou, covering a total construction area of 74,863.53 square meters, including factory buildings, a guardhouse, and a basement [1]. - The total contract amount for the construction project is tentatively set at 119 million yuan, with a planned start date of February 12, 2026, and a completion date of December 12, 2027, totaling 688 calendar days for the construction period [3]. Group 2: Strategic Importance - The construction of the Chaozhou intelligent manufacturing base is seen as a critical move for Zhuozhao Point Glue to alleviate capacity bottlenecks and support business expansion, while also promoting a more intensive production upgrade [1][2]. - The strategic location of Chaozhou, which connects the Guangdong-Hong Kong-Macao Greater Bay Area and the Haixi Economic Zone, offers significant advantages in terms of supply chain coordination and market reach in South China [1][2]. Group 3: Industry Context - The capacity expansion by Zhuozhao Point Glue reflects a broader trend among manufacturing companies to enhance their presence in the real economy, as evidenced by recent major project announcements from various listed companies in high-end manufacturing and energy sectors [2][4]. - The focus on significant industrial projects indicates a strong demand for internal growth and highlights the development potential in core areas such as high-end manufacturing and new energy [4].

【头条要闻】 详讯 | 习近平同美国总统特朗普通电话 习近平指出，过去一年，我们保持着良好沟通，在釜山成功会晤，为中美关系领航把舵，受到两国人民 和国际社会欢迎。我高度重视中美关系。新的一年，我愿同你继续引领中美关系这艘大船穿越风浪、平 稳前行，多办一些大事、好事。美方有美方的关切，中方有中方的关切。中方言必信，行必果，说到做 到。只要双方秉持平等、尊重、互惠的态度相向而行，就可以找到解决彼此关切的办法。今年中美两国 各自都有不少重要议程，中国"十五五"开局起步，美国将迎来建国250周年，两国将分别主办亚太经合 组织领导人非正式会议、二十国集团领导人峰会。双方要按照我们达成的共识，加强对话沟通，妥善管 控分歧，拓展务实合作，不以善小而不为，不以恶小而为之，一件事一件事去做，不断积累互信，走出 一条正确相处之道，让2026年成为中美两个大国迈向相互尊重、和平共处、合作共赢的一年。 习近平强调，台湾问题是中美关系中最重要的问题。台湾是中国的领土，中方必须捍卫国家主权和领土 完整，永远不可能让台湾分裂出去。美方务必慎重处理对台军售问题。 2026年信贷资源重点流向哪里？央行这场重磅会议明确 近日，中国人民银行召开2 ...

Group 1 - The core viewpoint of the news is that Zhongcai International (600970) has shown a slight increase in stock price and mixed financial performance in recent reports [1][2]. Group 2 - As of February 4, 2026, Zhongcai International's stock closed at 11.0 yuan, up 1.38%, with a turnover rate of 1.22% and a trading volume of 274,700 hands, amounting to a total transaction value of 302 million yuan [1]. - In terms of capital flow on February 4, 2026, the net outflow of main funds was 23.43 million yuan, accounting for 7.76% of the total transaction value, while retail investors saw a net inflow of 5.12 million yuan, representing 1.7% of the total transaction value [1]. - For the first three quarters of 2025, Zhongcai International reported a main revenue of 32.998 billion yuan, a year-on-year increase of 3.99%, and a net profit attributable to shareholders of 2.074 billion yuan, up 0.68% year-on-year [2]. - The company's third-quarter results for 2025 showed a single-quarter main revenue of 11.322 billion yuan, a year-on-year increase of 4.48%, but a net profit decline of 1.18% to 653 million yuan [2]. - The debt ratio of Zhongcai International stands at 60.73%, with an investment income of 132 million yuan and a financial expense of -87.5637 million yuan, while the gross profit margin is reported at 17.18% [2]. - In the last 90 days, 9 institutions have rated Zhongcai International, with 8 giving a buy rating and 1 an increase rating, and the average target price set by institutions is 13.86 yuan [2].

天通股份发布股票交易风险提示性公告，近期，公司因商业航天概念、铌酸锂晶体领域及CPO概念影响，受关注度较高。其中，公司主营业务未发生变化， 公司不生产商业卫星；铌酸锂晶体领域涉及公司"大尺寸射频压电晶圆项目"，该项目为公司募投项目，建设期将延期至2029年12月，截至目前该项目尚未结 项，且尚未形成稳定收入；公司主营业务未发生变化，公司不生产光模块产品。 以下是第一财经对一些重要公告的汇总，供投资者参考。 【品大事】 中金公司：获批发行总额不超过350亿元债券 中金公司公告，近日收到中国证监会批复，中国证监会同意公司向专业投资者公开发行公司债券的注册申请。其中，本次公开发行一年期以上公司债券面值 总额不超过200亿元，本次公开发行短期公司债券面值余额不超过150亿元。该批复自同意注册之日起24个月内有效，公司在注册有效期内可以分期发行公司 债券。 利亚德：拟不超1亿元投资基金 后者定向投资商业航天领域非上市公司 利亚德公告，公司2月2日与深圳前海君川投资管理有限公司、中廷投资控股有限公司等有限合伙人共同签署《共青城道盈盛远创业投资合伙企业（有限合 伙）有限合伙协议》。共青城道盈盛远创业投资合伙企业（有限合伙） ...

来源：人民日报海外版 数九寒冬的山东济南，朔风裹挟着寒意，而在济南职业学院的中国重汽全球培训中心车间，却是一片热 气腾腾的景象。来自非洲的30名外籍学员，正围着卡车底盘全神贯注，跟随中国培训师的指点，将目光 聚焦在发动机与变速箱的精密构造上。 "这里是动力输出的核心节点，拆装时必须严格对准扭矩参数。"济南职业学院培训教师何清讲解道。学 员们是中国重汽海外市场公司不同国家的技术工人和汽车维修师，此刻在实训台前，正将课堂上的理论 转化为实操经验。 在这个由济南职业学院与中国重汽共建的"匠心课堂"上，非洲学员们不仅要掌握重型卡车的拆装检修技 术，更要将"中国标准"与"非洲需求"深度融合。 近几年，在共建"一带一路"倡议背景下，济南职业学院紧紧围绕"双高计划"建设，立足教育强国的战略 视野，秉持"产教融合、教随产出、校企同行"理念，以职业教育助力优质产能"走出去"为指引，不断拓 展国际合作伙伴，创新合作内涵。依托山东省"班·墨学院"建设计划，以服务国际产业合作为主要任 务，以校企合作为主要模式，以"职业技能+中文"为主要内容，以项目为牵引，基于优质产业海外布局 规划"班·墨学院"建设。 打造职业教育输出新标杆 在"班 ...

通过举办"汉语桥""云游济南"等线上团组交流活动，开展"职业技能+中文"培训，传播中国声音，讲好 中国故事；累计招收培养全日制留学生280人，顺利通过了中国教育国际交流协会"来华留学高等职业教 育质量认证(初次认证)"，成为山东省首批、济南市唯一一所通过质量认证的高职院校。 数九寒冬的山东济南，朔风裹挟着寒意，而在济南职业学院的中国重汽（000951）全球培训中心车间， 却是一片热气腾腾的景象。来自非洲的30名外籍学员，正围着卡车底盘全神贯注，跟随中国培训师的指 点，将目光聚焦在发动机与变速箱的精密构造上。 "这里是动力输出的核心节点，拆装时必须严格对准扭矩参数。"济南职业学院培训教师何清讲解道。学 员们是中国重汽海外市场公司不同国家的技术工人和汽车维修师，此刻在实训台前，正将课堂上的理论 转化为实操经验。 在这个由济南职业学院与中国重汽共建的"匠心课堂"上，非洲学员们不仅要掌握重型卡车的拆装检修技 术，更要将"中国标准"与"非洲需求"深度融合。 近几年，在共建"一带一路"倡议背景下，济南职业学院紧紧围绕"双高计划"建设，立足教育强国的战略 视野，秉持"产教融合、教随产出、校企同行"理念，以职业教育助力优质产 ...

Group 1 - The core point of the article is that China National Materials International Engineering Company (Beijing) has obtained a patent for a system designed for the co-disposal of hazardous waste liquid in cement kilns, with the patent granted under announcement number CN115183239B and the application date being June 2022 [1] Group 2 - China National Materials International Engineering Company (Beijing) was established in 2010 and is located in Beijing, primarily engaged in public facility management [1] - The company has a registered capital of 350 million RMB [1] - According to data analysis from Tianyancha, the company has invested in 8 enterprises, participated in 82 bidding projects, and holds 120 patent records, in addition to having 11 administrative licenses [1]