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【建筑建材】建材行业稳增长工作方案发布,以质量效益为中心严禁新增产能——建材、建筑及基建公募REITs周报(孙伟风/鲁俊)
光大证券研究· 2025-09-29 23:06
Core Viewpoint - The new "Building Materials Industry Stabilization Growth Work Plan (2025-2026)" emphasizes coordinated efforts on both supply and demand sides to enhance profitability, with a focus on quality and efficiency, technological innovation, and industry transformation [4][5]. Group 1: Background and Objectives - The new plan is issued against the backdrop of weak market demand and prominent structural issues in the building materials industry, differing from the previous plan which was released during the early recovery phase post-pandemic [4]. - The current plan does not set specific total industry growth targets but aims for effective improvement in profitability levels and sets a specific revenue target of over 300 billion yuan for green building materials by 2026 [4][5]. Group 2: Key Measures - The plan prioritizes strict management of the industry, promoting the elimination of outdated production capacities in cement and flat glass, and emphasizes the need for capacity replacement plans by the end of 2025 [5][6]. - It encourages the development of advanced inorganic non-metallic materials, including advanced glass, artificial crystals, and high-performance fibers, while supporting local initiatives for pilot platform construction [6]. Group 3: Supply and Demand Strategies - On the supply side, the plan prohibits the addition of new capacities for cement clinker and flat glass, aiming to phase out low-performance enterprises and enhance environmental performance [5][6]. - On the demand side, it focuses on tapping into traditional consumption potential and fostering new applications to stimulate market demand [5].