华福证券研报表示，中央经济工作会议指出，要着力稳定房地产市场，因城施策控增量、去库存、优供 给，鼓励收购存量商品房重点用于保障性住房等；深化住房公积金制度改革，有序推动"好房子"建设。 在反内卷加速供给侧改革预期下，建材产能周期有望迎来拐点。 北京商报讯(记者翟枫瑞)1月12日，装修建材板块增长，以17229.22点收盘，涨幅为1.33%。在板块带动 下，多只装修建材股股价实现增长。鲁阳节能（002088）以12.49元/股收盘，涨幅为10.04%，领涨装修 建材股。友邦吊顶（002718）以56.66元/股收盘，涨幅为10.00%，涨幅位列装修建材股第二。瑞泰科技 （002066）以20.79元/股收盘，涨幅为9.83%，涨幅位列装修建材股第三。除此之外，森鹰窗业 （301227）以41.59元/股收盘，跌幅为9.33%，领跌装修建材股。浙江正特（001238）以52.73元/股收 盘，跌幅为3.53%，跌幅位列装修建材股第二。菲林格尔（603226）以29.95元/股收盘，跌幅为3.26%， 跌幅位列装修建材股第三。 ...

证券之星消息，1月12日装修建材板块较上一交易日上涨1.22%，中钢洛耐领涨。当日上证指数报收于 4165.29，上涨1.09%。深证成指报收于14366.91，上涨1.75%。装修建材板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 001212 | 中旗新材 | 50.88 | -2.47% | 7.08万 | 3.62亿 | | 603737 | 三棵树 | 45.47 | -2.03% | 4.89万 | 2.23亿 | | 300234 | 开尔新材 | 5.76 | -1.37% | 21.15万 | 1.21亿 | | 002457 | 青龙管业 | 11.23 | -1.14% | 16.05万 | 1.79亿 | | 002225 | 濮耐股份 | 6.11 | -0.81% | 30.33万 | 1.86亿 | | 603856 | 东宏股份 | 12.74 | -0.78% | 3.47万 | 4433.66万 | | 002043 | 兔宝宝 | 13 ...

证券研究报告 | 行业周报 gszqdatemark 2026 01 11 年 月 日 建筑材料 反内卷预期再起，关注后续供给侧积极变化 2026 年 1 月 5 日至 1 月 9 日建筑材料板块（ SW）上涨 1.89%，其中水泥 （SW）上涨 1.62%，玻璃制造（SW）上涨 3.10%，玻纤制造（SW）上 涨 0.75%，装修建材（SW）上涨 2.57%，本周建材板块相对沪深 300 超 额收益 1.01%。本期建筑材料板块（SW）资金净流入额为-9.53 亿元。 【周数据总结和观点】 2026 年中国人民银行工作会议召开，明确把促进经济高质量发展、物价 合理回升作为货币政策的重要考量。根据 wind 统计，2025 年 12 月地方 政府债总发行量 2837.47 亿元，发行金额环比 2025 年 11 月下降 68.9%， 同比 2024 年 12 月下降 74.0%。化债政策加码下政府财政压力有望减轻， 企业资产负债表也存在修复的空间，市政工程类项目有望加快推进，市政 管网及减隔震实物工作量有望加快落地，关注龙泉股份、青龙管业、中国 联塑、震安科技。浮法玻璃供需仍有矛盾，光伏玻璃开启自律减产，供需 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300234 | 开尔新材 | 5.78 | 9.06% | 39.54万 | | 2.23亿 | | 300599 | 雄塑科技 | 9.80 | 7.57% | 24.75万 | | 2.39亿 | | 002694 | 顾地科技 | 3.87 | 5.16% | 15.38万 | | 5816.13万 | | 688119 | 中钢洛耐 | 6.11 | 4.62% | 1 70.60万 | | 4.24亿 | | 002271 | 东方南班 | 14.59 | 4.44% | 58.69万 | | 8.46亿 | | 002457 | 青龙营业 | 11.60 | 3.66% | 26.96万 | | 3.09亿 | | 002398 | 垒知隼团 | 5.84 | 3.36% | 32.69万 | | 1.89亿 | | 002043 | 兔宝宝 | 13.66 | 2.86% | 15.54万 | | 2.11亿 | | ...

北京商报讯（记者 翟枫瑞）1月7日，装修建材板块小幅下跌，以16684.54点收盘，跌幅为0.27%。受板 块影响，装修建材板块个股出现不同程度下跌。兔宝宝以13.28元/股收盘，跌幅为6.15%，领跌装修建 材股。麒盛科技以19.22元/股收盘，跌幅为5.18%，跌幅位列装修建材股第二。悦心健康以4.67元/股收 盘，跌幅为3.71%，跌幅位列装修建材股第三。除此之外，皮阿诺以22.53元/股收盘，涨幅为10.01%， 领涨装修建材股。友邦吊顶以47.83元/股收盘，涨幅为10.00%，涨幅位列装修建材股第二。美克家居以 3.88元/股收盘，涨幅为9.92%，涨幅位列装修建材股第三。 中国银河在研报中表示，城市更新驱动消费建材在旧改、修缮市场的需求释放，消费升级将带动高品质 绿色建材需求提升，具备渠道布局优势及品牌优势的龙头企业有望持续巩固市场地位。 ...

证券之星消息，1月6日装修建材板块较上一交易日上涨0.69%，友邦吊顶领涨。当日上证指数报收于 4083.67，上涨1.5%。深证成指报收于14022.55，上涨1.4%。装修建材板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300599 | 雄塑科技 | 9.04 | -7.57% | 41.51万 | 3.83亿 | | 688119 | 中钢溶耐 | 5.36 | -4.11% | 47.54万 | 2.54亿 | | 002043 | 鬼宝宝 | 14.15 | -1.94% | 9.47万 | 1.35亿 | | 301010 | 晶雪节能 | 21.73 | -1.32% | 4.89万 | 1.07亿 | | 301429 | 森泰股份 | 19.20 | -0.88% | 1.31万 | 2541.05万 | | 002785 | 万里石 | 36.11 | -0.47% | 7.07万 | 2.55亿 | | 002372 | 伟星新材 | 10.65 ...

证券之星消息，1月5日装修建材板块较上一交易日上涨1.67%，雄塑科技领涨。当日上证指数报收于 4023.42，上涨1.38%。深证成指报收于13828.63，上涨2.24%。装修建材板块个股涨跌见下表： 从资金流向上来看，当日装修建材板块主力资金净流出29.91万元，游资资金净流入9149.77万元，散户资 金净流出9119.86万元。装修建材板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300599 雄塑科技 | | -5122.07万 | 13.12% | -3745.53万 | -9.59% | -1376.54万 | -3.53% | | 002271 | 东方雨虹 | 3469.22万 | 5.08% | 3807.66万 | 5.57% | -7276.88万 | -10.65% | | 002392 北京利尔 | | 1803.06万 | 7.80% | -418.73万 ...

Investment Rating - The report maintains a "Buy" rating for key stocks in the construction materials sector, including Yao Pi Glass, Yinlong Co., Puyang Huicheng, San Ke Shu, and Beixin Building Materials, while recommending "Hold" for Weixing New Materials [9]. Core Insights - The construction materials sector experienced a decline of 1.25% from December 29 to December 31, 2025, with cement down 1.54%, glass manufacturing down 3.53%, and fiberglass down 1.19% [12]. - The recent policy change regarding the personal sales tax on housing is expected to impact the market positively, with potential for further supportive measures [1]. - The cement industry is currently facing weak demand, with prices fluctuating around the breakeven point, and a focus on improving cash flow rather than just sales volume [2][17]. - The glass market is experiencing a supply-demand imbalance, but self-regulation in the photovoltaic glass sector may alleviate some pressure [3][7]. - Consumer building materials are benefiting from favorable second-hand housing transactions and consumption stimulus policies, with a long-term potential for market share growth [1][8]. Summary by Sections Cement Industry Tracking - As of December 31, 2025, the national cement price index was 352.65 CNY/ton, with a slight decrease of 0.06% from the previous week [17]. - The cement output for the week was 2.847 million tons, down 1.04% week-on-week, indicating a continued contraction in demand as temperatures drop and the Spring Festival approaches [2][17]. - The utilization rate of cement clinker production lines was 38.43%, showing a slight increase, while the cement inventory ratio decreased to 59.1% [17]. Glass Industry Tracking - The average price of float glass was 1121.29 CNY/ton as of December 31, 2025, reflecting a 1.65% decline from the previous week [3]. - Inventory levels for float glass increased year-on-year, indicating ongoing supply challenges despite some production line shutdowns [3][7]. Fiberglass Industry Tracking - The fiberglass market is currently stable, with no significant price changes reported, although demand remains weak [7]. - The electronic fiberglass segment continues to see strong demand for high-end products, while traditional fiberglass demand is expected to decline [7]. Consumer Building Materials - The consumer building materials sector is showing signs of weak recovery, with stable prices for key raw materials like asphalt and acrylic but fluctuations in aluminum and natural gas prices [8]. - The report highlights the potential for growth in companies like San Ke Shu and Beixin Building Materials due to favorable market conditions [1][8].

Core Viewpoint - The stock price of Rabbit Baby has shown significant growth this year, with a notable increase in both revenue and net profit, indicating a positive trend in the company's financial performance [2][3]. Group 1: Stock Performance - As of December 31, Rabbit Baby's stock price increased by 2.04%, reaching 14.48 CNY per share, with a total market capitalization of 12.015 billion CNY [1]. - The stock has risen by 28.28% year-to-date, with a 2.84% increase over the last five trading days, 8.63% over the last 20 days, and 34.82% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Rabbit Baby reported a revenue of 6.319 billion CNY, a year-on-year decrease of 2.25%, while the net profit attributable to shareholders increased by 30.44% to 629 million CNY [2]. - The company has distributed a total of 2.942 billion CNY in dividends since its A-share listing, with 1.6 billion CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Rabbit Baby was 34,300, a decrease of 20.59% from the previous period, with an average of 21,454 shares held per shareholder, an increase of 25.94% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 1.2541 million shares, and a new entry,交银趋势混合A, holding 6.518 million shares [3].

Market Overview - The renovation and building materials sector declined by 0.65% compared to the previous trading day, with Yangzi New Materials leading the decline [1] - The Shanghai Composite Index closed at 3965.12, down 0.0%, while the Shenzhen Component Index closed at 13604.07, up 0.49% [1] Stock Performance - Notable gainers in the renovation and building materials sector included: - Wanli Stone (002785) with a closing price of 37.00, up 3.67% and a trading volume of 85,800 shares [1] - Yashi Chuangneng (603378) with a closing price of 6.76, up 3.05% and a trading volume of 113,500 shares [1] - Jingxue Shieneng (301010) with a closing price of 23.04, up 2.77% and a trading volume of 78,200 shares [1] - Yangzi New Materials (002652) experienced the largest decline, closing at 4.37, down 10.08% with a trading volume of 238,700 shares [2] Capital Flow - The renovation and building materials sector saw a net outflow of 69.65 million yuan from institutional investors, while retail investors experienced a net inflow of 69.71 million yuan [2] - The detailed capital flow for selected stocks showed: - Keshun Co., Ltd. (300737) had a net inflow of 14.80 million yuan from institutional investors [3] - Huali Co., Ltd. (603038) had a net inflow of 14.79 million yuan from institutional investors [3] - Wanli Stone (002785) had a net inflow of 12.79 million yuan from institutional investors [3]