Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The report emphasizes the importance of the Western Land-Sea New Corridor, with Chongqing as a key node, facilitating global access through various transportation methods. The cargo volume and value from January to October reached 272,300 TEUs and 48.962 billion yuan, respectively, marking increases of 33% and 27% year-on-year. The network has expanded to 581 ports across 127 countries and regions, covering over 1,300 product types [1][11] - In the construction materials sector, four key points are identified for addressing the downturn: low market share and high growth potential, discovering new demands for existing products, developing second business lines, and fostering innovation to create high-barrier business models. The report highlights that the difficulty of these points increases, particularly in innovation [2][12] - The report identifies several companies as potential investment opportunities, including Keda Manufacturing, Huaxin Cement, and China National Building Material, among others, focusing on both domestic and overseas markets [13] Summary by Sections Weekly Discussion - The report discusses the Western Land-Sea New Corridor and its significance in enhancing trade and logistics, with a focus on the expected completion by 2025 and the ongoing construction of the Pinglu Canal [1][11] Cyclical Linkage - Cement prices averaged 352 yuan/ton, down 74 yuan/year-on-year, with a national average shipment rate of 46.2%. Glass prices were reported at 1,195.35 yuan/ton, with a slight decrease. The report also covers trends in concrete, fiberglass, aluminum, and steel, indicating a mixed outlook for these materials [3][14] Market Performance - The construction materials index showed a performance of -0.97%, with specific segments like glass manufacturing and fiberglass experiencing declines, while consumer building materials and pipe materials saw positive growth [17][18] Price Changes in Construction Materials - Cement prices showed a slight increase of 0.3% week-on-week, with regional variations. The report notes a general upward trend in prices due to seasonal demand and efforts to enhance profitability [20][23] - The floating glass market is described as stable but weak, with prices slightly declining. The report indicates that inventory levels are increasing, and market sentiment is cautious [32][47]

Group 1 - The Yellow Bucket to Baise Railway is a significant project under the Western Land-Sea New Corridor, with over 4.5 billion yuan invested in the Guangxi section, aiming for completion and operation by 2028 [2] - The Baise High-tech Zone's Rongrong New Materials Technology (Guangxi) Co., Ltd. is expected to become the world's largest continuous fiber monomer factory for alumina, focusing on research and development to enhance product value and competitiveness [3] - Guangxi Zhihua Communication Technology Co., Ltd. produces optical fiber products primarily for overseas markets and has created approximately 1,300 jobs through its "employment assistance workshop" [3] Group 2 - The emphasis on the integration of the aluminum industry for transformation and upgrading, with a focus on attracting high-quality upstream and downstream enterprises to promote high-end, intelligent, and green development [3] - The need for the Baise city to implement the spirit of the 20th Central Committee and focus on building both political and natural ecological systems while maintaining strict party governance [4] - The call for innovation and practical efforts to foster new business models and dynamics, ensuring the completion of annual targets and laying a solid foundation for the 14th Five-Year Plan [4]

中新网广西新闻11月14日电（林浩）11月13日，西部陆海新通道上行江铁海联运测试班列（澳大利亚— 广西钦州—重庆—四川宜宾），在广西钦州铁路集装箱中心站发车。 图为发车 仪式现场。 林浩 摄 为破解港口和铁路衔接效率不高的难题，广西创新开展北部湾港铁海联运一体化改革，促进物流提质增 效，为全国多式联运发展提供了范本。中国新能源汽车、食糖、茶叶、板材，柬埔寨大米，泰国榴莲等 越来越多中国西部地区和东盟国家的货物，在北部湾港中转。 图为北部 湾港集团（西南）物流服务中心揭牌。林浩 摄 西南地区是西部陆海新通道的核心货源地。当天，北部湾港集团（西南）物流服务中心在重庆揭牌，将 帮助西南地区企业提升物流效率、降低成本。 据悉，"十四五"以来，广西把高水平共建西部陆海新通道作为开放发展牵引工程，坚持建通道、强运营 并重，持续增强通道凝聚力和竞争力，激活了区域开放发展"新引擎"。（完） 广西壮族自治区发展和改革委员会当天介绍，这趟班列成功开行，是西部陆海新通道高效衔接长江黄金 水道的又一次成功实践，也标志着西部陆海新通道江铁海联运班列物流运营水平进一步提升，为后续联 运班列常态化开行，服务引导三峡水运新通道建设期间，长 ...

Core Insights - During the "14th Five-Year Plan" period, Guangxi's foreign trade has significantly increased, with total trade expected to reach 7,563.9 billion yuan by 2024, up from 5,930.6 billion yuan in 2021, marking a substantial growth trajectory [1][2] - The region has seen a remarkable rise in cross-border e-commerce, with exports projected to exceed 55 billion yuan by 2024, up from approximately 3 billion yuan in 2020, indicating a shift in trade dynamics [1][6] Trade Growth - Guangxi's foreign trade total has risen from 5,930.6 billion yuan in 2021 to a projected 7,563.9 billion yuan in 2024, reflecting a robust growth trend [2][3] - In the first ten months of 2025, Guangxi's foreign trade reached 6,503.5 billion yuan, representing a year-on-year increase of 12.1% [2] Sector Performance - Exports of lithium batteries surged to 20.54 billion yuan, up 76.6% year-on-year, while printed circuit exports increased by 225.8% [2] - The automotive sector also showed strong performance, with exports of vehicles and parts rising by 22.2% and 43.7% respectively [2] Port Efficiency - The efficiency of port operations has improved, with the average waiting time for large vessels reduced by 2.66 hours due to innovative customs regulations [3] - The cargo volume of the Western Land-Sea New Corridor increased by 70.3% year-on-year, demonstrating enhanced logistics capabilities [3] Business Expansion - Guangxi enterprises are actively participating in international trade fairs, leading to significant orders, such as a 900 million USD order for elevators from Ethiopia [4][5] - The "Hundred Exhibitions and Thousand Enterprises" initiative has facilitated faster market entry for local businesses into overseas markets [5] E-commerce Development - The establishment of the China (Nanning) Cross-Border E-Commerce Comprehensive Pilot Zone has led to a streamlined process for package sorting and shipping, enhancing export capabilities [6] - The region's cross-border e-commerce exports are expected to grow from approximately 3 billion yuan in 2020 to over 55 billion yuan by 2024, increasing its share of total foreign trade from 0.7% to over 7% [6] International Cooperation - Various international cooperation zones have been established, attracting numerous enterprises and fostering industrial clusters in sectors such as machinery, logistics, and food processing [7] - The Guangxi region is actively engaging in the Belt and Road Initiative, enhancing its global trade relationships and foreign investment [6][7]

中新网南宁11月14日电 (龙绍飞 林浩)11月13日，广西壮族自治区发展和改革委员会介绍，高水平共建 西部陆海新通道广西推介会当天在重庆举行，推动渝桂两地深化合作，促进西部陆海新通道与长江经济 带联动发展。 本次推介会由广西壮族自治区人民政府主办，吸引来自广西、重庆相关部门、有关企业和行业协会代表 等200余人参加。会议全方位展示西部陆海新通道的建设成效、物流组织模式与政策红利。 会议举行西部陆海新通道上行江铁海联运测试班列(澳大利亚—广西钦州—重庆—四川宜宾)首发仪式， 标志着长江经济带与西部陆海新通道实现高效衔接，为后续"江铁海"联运班列的常态化开行打下基础。 广西壮族自治区党委常委、自治区常务副主席许永锞在活动致辞中表示，广西将持续强化数字赋能，共 同优化通道运营组织，提升通道互联互通水平，建设一批"人工智能+"产业园区，与重庆等沿线地区携 手打造更高附加值和安全可靠的产业链供应链，共同拓展市场。 重庆市人民政府副市长郑向东表示，重庆将与广西一道，抢抓西部陆海新通道经济价值挖掘的窗口期、 通道与产业协同融合的机遇期，实现高效互动、优势互补，共筑高效物流体系，共促产业集聚发展，共 建综合服务体系，共推数 ...

Group 1: Company Overview - Hainan Strait Shipping Co., Ltd. was established in 2002 and listed on the Shenzhen Stock Exchange in 2009, laying the foundation for rapid development [2] - In 2017, the company expanded its business to port services by acquiring ferry terminal assets [2] - The company completed the integration of shipping resources in the Qiongzhou Strait in 2021, enhancing transportation service capabilities [2] - By 2025, the company will have a fleet of 64 passenger and roll-on/roll-off ships, ranking first globally [2] Group 2: Financial Performance - As of Q3 2025, the company reported cumulative revenue of CNY 3.923 billion and a net profit of CNY 190 million [3] - The weighted average return on equity was 2.96%, with basic earnings per share at CNY 0.0852 [3] - Revenue in Q3 2025 showed a 2.19% year-on-year growth despite a decline in net profit due to increased costs from strategic investments [3] Group 3: Business Operations - The revenue breakdown for Hainan Strait Shipping includes: - 72% from the Haian route - 10% from the Yantai to Dalian route - 6% from the Xisha route - 5% from port services [6] - The newly launched Haikou to Fangchenggang route covers 157 nautical miles and takes approximately 12 hours, enhancing connectivity with strategic initiatives [5] Group 4: Future Opportunities - The implementation of favorable tax policies in Hainan's free trade port is expected to lower operational costs and attract more investors [9] - The completion of infrastructure projects, such as the circular island tourism road, is anticipated to boost passenger traffic [9] Group 5: Strategic Initiatives - The company plans to invest in two new passenger and roll-on/roll-off ships to replace aging vessels [10] - Future strategies include improving operational efficiency and enhancing collaboration with partners to maximize resource utilization [11]

中新网重庆11月13日电 (张旭 朱明姝)"我们愿意为西部陆海新通道提供最密集的班轮。"万海航运股份 有限公司(下称"万海航运")中国大陆区总经理江文渊说，万海航运拥有非常密集的班轮，在泰国、越南 等地布局很深，希望助力西部陆海新通道铁海联运班列实现"班列即到、班轮即开"。 11月12日至14日，陆海新通道经济发展论坛系列活动在重庆举行。活动期间，多家企业相关负责人在接 受中新网记者采访时表示，希望从不同角度，加深与西部陆海新通道的合作。 江文渊说，万海航运还关注西部陆海新通道在数字化等方面的发展情况。"我们致力于无纸化的创新， 订舱、查询货物动态等，都可在线上完成。"江文渊说，希望未来能够将数字化应用到更多环节，为客 户提供更精致的服务。 新加坡企业太平船务(中国)有限公司商务部总经理叶长华说，西部陆海新通道以不断增长的货物量，以 通道与园区的合作亦吸引企业关注。叶长华提到，太平船务在四川、重庆、广西等地，以投资等形式入 驻当地物流园，与西部陆海新通道的合作将更加深入。 王武舰说，截至目前，理文造纸累计通过西部陆海新通道进出口货物超1.6万标箱。未来，理文造纸愿 意继续和通道肩并肩，一起拓展海内外市场，把更 ...

新华社重庆11月13日电 11月13日中午，一列装载汽配零部件、塑料部件、纸盒套装等货物的X8485次中 老泰班列从重庆团结村中心站驶出，这是重庆首次开行全程时刻表中老泰班列，此后将以每周2列的固 定频率开行。 本次开行的全程时刻表中老泰班列，从重庆团结村中心站始发，途经磨憨口岸、磨丁口岸、廊开口岸， 终点是泰国马达普站。运营初期，每周开行2列，班列自重庆团结村中心站12时49分发车，全程2921公 里、用时95小时11分钟。 中老泰班列全程时刻表的发布，标志着"东盟快班"产品更加高效、更加丰富，以"固定时间、固定线 路、固定班期"组织运行中老泰班列，将为外贸企业提供更加优质的跨境运输保障。 在13日开幕的2025陆海新通道经济发展论坛上，国铁集团正式发布首批中老泰班列全程时刻表，同日在 渝开出首列全程时刻表中老泰班列。 中铁集装箱运输有限责任公司董事长杨斌说："该班列既是中老泰铁路三方等密切合作的成果，也是高 质量建设西部陆海新通道的生动实践。班列的开行，将为推动中老泰经贸往来注入强劲动力。" （文章来源：新华社） ...

Core Viewpoint - The Guangxi Zhuang Autonomous Region is actively enhancing the Western Land-Sea New Corridor as a key project for open development, focusing on building infrastructure and improving operational efficiency to stimulate regional economic growth [1] Group 1: Infrastructure Development - The construction of the Pinglu Canal, a major project within the Western Land-Sea New Corridor, is currently in a critical phase, with completion expected by 2026 [3] - The transportation network has expanded to cover 18 provinces, 75 cities, and 163 stations in China, connecting to over 200 ports globally, transforming from a "single line" to a "network" [3] - The corridor now handles over 1,200 types of goods, including electronics, vehicles, machinery, and food products [3] Group 2: Port and Logistics Enhancement - The Beibu Gulf Port is a crucial outlet for the Western Land-Sea New Corridor, with significant improvements in port infrastructure and an increase in the number of berths to 119 for vessels over 10,000 tons [5] - The port's comprehensive throughput capacity exceeds 360 million tons, ranking among the top in the country [5] - Innovations in integrated rail-sea transport have improved logistics efficiency and reduced costs, serving as a model for multi-modal transport development in China [5] Group 3: Digital Transformation - The Western Land-Sea New Corridor is leveraging digital technologies to enhance operational efficiency, including the establishment of the first automated container terminal for sea-rail intermodal transport in the country [6] - A unified scheduling system for vessel navigation has been developed, promoting a new model of smart water transport [6] - Efforts are underway to improve customs clearance efficiency at the Friendship Pass, enhancing cross-border trade [6] Group 4: Economic Development and Industry Attraction - The development of the Western Land-Sea New Corridor is attracting businesses to Guangxi, with companies like Malaysia's Minhe International establishing operations to leverage logistics advantages [8] - A positive interaction between logistics hubs and industry is forming, with a focus on expanding internal and external trade [8] - Future plans include further enhancing the corridor's capabilities through artificial intelligence and promoting integrated development of logistics and industry [8]

新华社音视频部制作 【纠错】 【责任编辑:吴京泽】 记者：李晓婷、李爱斌、沙青 编导：沈倩 ...