转自：北京日报客户端 好房子承载着千家万户对美好生活的向往，党中央、国务院作出建设"安全、舒适、绿色、智慧"好房子 的决策部署，住房和城乡建设部重点从"好标准、好设计、好建材、好建造、好运维"五个方面推动工 作，提出"好房子"营造体系的"6633"标准，为好房子划定"不霉、不堵、不漏、不吵、不裂、不臭"的基 础底线，明确"防电、防火、防灾、防盗、防撞、防摔"的安全要求，以及"省心、省地、省钱""要健 康、要实用、要关怀"的核心诉求，一场关于人居品质的革命正在悄然发生…… 在第二十二届中国国际住宅产业暨建筑工业化产品与设备博览会及好房子科技展上，金隅集团以"科技 焕新・全链赋能"为核心理念，携"好材料—好房子—好服务"全链产品精彩亮相。 从矿山中的一粒砂出发，历经研发、制造、建造、服务的全流程淬炼，最终成长为承载美好生活 的"家"。作为唯一兼具"好材料到好房子"原生优势的企业，金隅用70年积淀给出了关于"安全、舒适、 绿色、智慧"好房子的专属答案。 好材料，筑就"好房子"的坚实根基 在住博会"好材料"专区，金隅七十年匠心积淀集中呈现。金隅深知，好房子始于好材料。从结构主体的 绿色低碳水泥与高性能混凝土，到围护体 ...

Core Insights - The 19th China (Linqu) Home Furnishing and Window Expo opened on October 12, showcasing the home furnishing and window industry with a focus on innovation and market trends [1][2] - The exhibition covers an area of 70,000 square meters with 700 booths, featuring well-known domestic and international brands, as well as emerging companies [1] - The event emphasizes practical outcomes, facilitating supply-demand connections and showcasing products through live demonstrations and technical teams [2] Industry Overview - Linqu is recognized as a significant hub for aluminum profiles and window production, with an annual output value exceeding 48 billion yuan [3] - The expo serves as a platform to enhance the brand influence of "World's Best Windows, Made in Linqu," linking local industries to global markets [3] - The event aims to strengthen collaboration and innovation across the industry chain, contributing to sustainable development in the home furnishing and window sector [3]

Market Overview - The Shanghai Composite Index closed down 36.94 points, a decline of 0.94%, at 3897.03 points; the Shenzhen Component Index fell 370.14 points, down 2.7%, at 13355.42 points; the ChiNext Index dropped 148.56 points, a decrease of 4.55%, at 3113.26 points [1] - After the holiday, risk-averse funds became active again, with trading volume returning to high levels, approximately 2.5 trillion yuan, a decrease of over 100 billion yuan compared to the previous day [1] - The market experienced a rapid rotation of hotspots, with previously underperforming anti-involution sectors showing gains, while technology growth stocks faced significant sell-offs due to concerns over high valuations [1] Sector Performance - The building materials sector performed well, with the Building Materials ETF (159745) initially rising over 3% before closing with a gain of 2.94% [8] - The release of the "Building Materials Industry Stabilization Growth Work Plan (2025-2026)" has raised expectations for enhanced anti-involution policies in the sector, leading to a more optimistic long-term sentiment [8] - Government policies promoting consumption, such as "old-for-new" initiatives, are expected to continue stimulating demand in the building materials industry, supported by real estate policy enhancements [9] Economic and Geopolitical Factors - The U.S. economy faces challenges, with concerns about "stagflation" growing, as evidenced by lower-than-expected job growth figures [13] - Geopolitical tensions, including recent military actions in the Middle East, have heightened market risk aversion, providing support for gold prices [13] - The weakening independence of the Federal Reserve due to political pressures may undermine the dollar's credit system, making gold a more attractive asset for investors [14] Investment Recommendations - During periods of market volatility, it is advised to avoid chasing highs and lows, focusing instead on sectors that have not yet realized significant gains [5] - Investors are encouraged to consider the Building Materials ETF (159745) and other related ETFs that may benefit from policy support and market adjustments [9]

Core Points - The 2025 Malaysia International Construction and Infrastructure Technology Exhibition opened in Kuala Lumpur, focusing on green building, smart construction, and new building materials [1] - Shandong Province organized nearly 80 enterprises in construction materials, engineering machinery, and smart construction to participate, forming a significant exhibition group [1] Group 1 - The exhibition featured 80 booths covering an area of approximately 800 square meters, showcasing representative new technologies and products such as new steel structure materials, energy-saving doors and windows, high-performance concrete, smart engineering machinery, construction robots, and BIM technology systems [1] - During the exhibition, Shandong participating enterprises received over 4,200 professional visitors from more than 10 countries and regions, achieving export intention orders of approximately 48 million USD [1] - Products such as prefabricated building components, smart tower crane equipment, environmentally friendly building materials, and digital construction management systems were particularly favored, demonstrating the strong competitiveness of "Shandong Construction" in the international market [1] Group 2 - The participation in the exhibition effectively enhanced the brand awareness and influence of Shandong's construction materials and engineering machinery in the Southeast Asian market, laying a solid foundation for deepening regional economic and trade cooperation and expanding international collaboration [2] - The successful participation will further promote the transformation and upgrading of Shandong's construction industry and international capacity cooperation, helping enterprises seize opportunities in the "Belt and Road" market [2]

Group 1 - The company's stock closed at 20.58 yuan on August 21, down 0.53% from the previous trading day [1] - There was a rapid rebound in the stock price during the day, reaching a high of 20.93 yuan, with an increase of over 2% within 5 minutes [1] - The trading volume for the day was 0.88 billion yuan, with a turnover rate of 3.92% [1] Group 2 - The company specializes in building energy-saving system solutions, including energy-efficient doors and windows, and curtain walls [1] - It operates within the renovation and building materials sector, possessing relevant technology reserves for building energy efficiency [1] Group 3 - On August 21, there was a net inflow of 4.2391 million yuan from main funds, although the overall trend over the past five trading days showed a net outflow of 23.6371 million yuan [1]

Core Viewpoint - The energy-saving window industry is gaining traction as a key component of green buildings, driven by rising living standards, government policies, and increasing demand for energy-efficient solutions [1][4][12]. Industry Overview - Energy-saving windows are defined as those utilizing advanced technologies and materials to enhance insulation and airtightness, effectively reducing energy consumption and environmental impact [3]. - The market size of the energy-saving window industry reached 260 billion yuan in 2023, but is expected to decline in 2024 due to weak retail consumption influenced by the real estate market and budget cuts [1][12]. - By 2025, the market size is projected to rebound to 270 billion yuan, supported by ongoing green building initiatives and the demand for the renovation of old residential areas [1][12]. Policy Support - The Chinese government has recognized the importance of energy-saving windows, implementing various policies to promote their development, including the "Green Building Industry High-Quality Development Implementation Plan" and the "2024-2025 Energy Saving and Carbon Reduction Action Plan" [4][7]. - Specific targets include increasing the area of energy-saving renovations by over 200 million square meters by the end of 2025 and improving energy efficiency rates for residential and public buildings [4][7]. Industry Chain - The upstream of the energy-saving window industry includes key materials such as main profiles, glass, hardware accessories, and sealing strips, while the downstream encompasses applications in real estate, decoration, and home renovation [8]. Competitive Landscape - Major companies in the energy-saving window sector include Harbin Senying Window Industry Co., Ltd., Anhui Conch Environmental Protection New Materials Co., Ltd., and Guangdong Huangpai Custom Home Group Co., Ltd., among others [16][17]. Development Trends - There is a growing demand for customized energy-saving windows as consumers seek personalized decoration and functionality [21]. - The industry is also witnessing an acceleration in the adoption of smart technologies, with intelligent energy-saving windows becoming an integral part of smart home systems [22]. - The push for carbon neutrality and energy efficiency is expected to further drive the market for high-performance energy-saving windows, such as those made with thermal break aluminum and Low-E glass [23].

Core Viewpoint - *ST Jiayu faces delisting risk due to its stock price falling below 1 yuan for twenty consecutive trading days, leading to a potential suspension of trading starting April 1, 2025 [1][4]. Group 1: Stock Price and Delisting Risk - On March 31, *ST Jiayu announced that its stock price had closed below 1 yuan for twenty consecutive trading days, triggering delisting regulations [1]. - The stock price first fell below 1 yuan on February 11, 2025, when it closed at 0.97 yuan per share [4]. - Throughout January and February 2025, *ST Jiayu's stock price fluctuated, dipping below 1 yuan on multiple occasions but recovering above 1 yuan shortly after [6][7]. Group 2: Financial Health - *ST Jiayu is projected to have a negative net asset value between -2.106 billion yuan and -1.956 billion yuan by the end of the 2024 fiscal year, which could also lead to delisting if confirmed by an audit [8]. - The company has previously managed to avoid delisting by experiencing temporary stock price recoveries, but the ongoing financial instability raises concerns [6]. Group 3: Company Background - *ST Jiayu, known as Jiayu Holdings Co., Ltd., is recognized as the first publicly listed company in China specializing in energy-saving doors and windows [5]. - The company integrates research and development, design, production, and construction in the fields of building energy efficiency, smart technology, and photovoltaic systems [5].