Group 1 - The core viewpoint of the report highlights significant improvements in the cement and fiberglass sectors in Q2, with cement prices showing a downward trend but profitability increasing year-on-year, while fiberglass benefits from rising prices in thermoplastics and wind power yarns, leading to improved gross margins [1][3] - The construction materials sector saw a 2.71% increase in the Shanghai and Shenzhen 300 index, with the building materials sector (CITIC) rising by 0.53%, particularly driven by strong performance in the fiberglass segment [2] - The report recommends focusing on high-end electronic fabrics and traditional building materials with improving fundamentals, while also noting the impact of declining new construction in real estate on consumption building materials [3] Group 2 - The report indicates that the demand for traditional building materials remains generally weak, although there are signs of improvement in supply, with price increases announced for waterproof materials and gypsum boards in August [3] - A significant expansion announcement was made by China National Materials Group, planning to invest approximately 180.624 million yuan in a low-dielectric fiber fabric project and 175.089 million yuan in an ultra-low-loss low-dielectric fiber fabric project, adding a total of 5.9 million meters of production capacity [4] - The recommended stock portfolio includes companies such as Honghe Technology, China National Materials, Qingsong Chemical, Tibet Tianlu, Huaxin Cement, and Sankeshu, reflecting a focus on firms with potential for growth in the current market environment [5]

行情回顾 水泥、玻纤中报表现较优，继续推荐高端电子布/出海高景气方向及 传统建材基本面改善品种 本周（20250825-20250829）沪深 300 涨 2.71%，建材（中信）涨 0.53%， 其中玻璃纤维板块涨幅较优。个股中，中国巨石（+15.3%）、东鹏控股 （+13.6%）、金刚光伏（+12.5%）、中复神鹰（+11.9%）、蒙娜丽莎（+11.5%） 涨幅居前。 继续推荐高端电子布/出海高景气方向及传统建材基本面改善品种 行业报告 | 行业研究周报 建筑材料 证券研究报告 从中报表现来看，水泥、玻纤 Q2 同比改善较为明显，其中水泥二季度价格 呈环比下降趋势，盈利同比仍有提升；玻纤受益于热塑、风电纱价格上涨， 毛利率环比继续提升，而头部企业的产品结构优势进一步体现，特种纤维布 贡献利润增量。消费建材受地产新建端开竣工下滑影响，收入端同比继续下 降，其中防水和板材 Q2 收入降幅较 Q1 收窄。玻璃需求端表现相对疲软， 二季度价格及毛利环比继续下滑，当前全行业平均毛利已陷入亏损，随着亏 损压力加大，行业冷修节奏可能加快，价格存在阶段性改善的可能。整体而 言，二季度建材传统产品需求端恢复情况仍一般，供给 ...

| 上榜热股 | 实时涨跌幅 | | 买/卖家数 机构净买额 | | --- | --- | --- | --- | | 指南针 300803.5Z | +20.00% | 1/0 | +3.99亿 | | 壹石通 | | | | | 688733.55 | +17.54% | 1/0 | +3.02亿 | | 3日 | | | | | 双一科技 | +15.39% | 3/4 | +2.35 Z | | 300690.5Z | | | | 指南针 龙虎榜显示，1家机构净买入3.99亿。 龙虎榜知名游资 一、大金融 指南针 个股龙虎榜 国内经营经验丰富的金融信息服务提供商之一，子公司网信证券名称将变更为麦高证券 龙虎榜机构热股 今天机构龙虎榜上榜35只个股，净买入16只，净卖出19只。当日机构买入最多的个股前三位是：指南针 （3.99亿）、壹石通（3.02亿）、双一科技（2.35亿）。 近期成交额连续第三个交易日突破2万亿。 此外，截至8月14日，沪深京三市融资融券余额合计20552.08亿元，较前一交易日增加89.57亿元；融资 余额合计20410.57亿元。 长城证券指出，8月后国内外大事将继续迎来密集交 ...