编号：2025-006 | | 特定对象调研 ☑ | □分析师会议 | | --- | --- | --- | | | □媒体采访 | □业绩说明会 | | 投资者关系活动 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | □一对一沟通 | | | 其他（电话会议） ☑ | | | | 广发基金 张毅 | | | | 暖逸欣私募基金 刘记龙 | | | | 财通基金 翁嘉敏 | | | | 余泽 Pinpoint | | | | 长城基金 申忆扬 | | | | 摩根基金 陶雨涛 | | | | 汇泉基金 周晓东 | | | | 国泰基金 谢泓材 | | | 参与单位名称及 | 大成基金 吴天齐 | | | 人员姓名 | 国寿安保 肖佳琪 | | | | 百嘉基金 黄超 | | | | 建信基金 杨荔媛 | | | | 建投基金 钱博文 | | | | 大摩基金 李子扬 | | | | 银华基金 王翔 | | | | 创金合信基金 王鑫 | | | | 农银汇理基金 刘荫泽 | | | | 财通机械 佘炜超 孟欣 | | --- | --- | | | 易方达基金 张一哲 | | | 工银瑞 ...

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has issued a "Work Plan for Stable Growth in the Building Materials Industry (2025-2026)", aiming for green building materials revenue to exceed 300 billion yuan by 2026 [1][2]. Group 1: Policy Measures - The plan prohibits the addition of new cement clinker and flat glass production capacity, requiring new and renovated projects to develop capacity replacement plans [1]. - It emphasizes strengthening industry management and promoting the unification of actual and registered production capacities [1]. - The plan includes enhancing technological innovation in the industry, focusing on advanced inorganic non-metallic materials and fostering unique resource industries [1][2]. Group 2: Investment and Demand Expansion - The initiative aims to expand effective investment by accelerating digital and green transformations, and developing key industry standards [1][2]. - It promotes the demand for green building materials through government procurement policies and rural outreach activities [2]. - The plan encourages the establishment of cooperation mechanisms between upstream and downstream enterprises in the inorganic non-metallic materials sector [2]. Group 3: Collaborative Governance and Market Integration - The plan establishes a multi-departmental collaborative governance framework to address supply-demand imbalances in the industry [2]. - It aims to guide resource allocation away from traditional homogeneous competition towards green building materials and advanced non-metallic materials [2][3]. - The initiative seeks to activate domestic demand through measures like rural outreach and alignment with quality housing construction [2]. Group 4: Implementation and Support - Local governments are required to tailor the plan to their specific circumstances, ensuring stable growth in the building materials sector [3]. - Key enterprises are encouraged to take a leading role in the supply chain and promote collaborative development across industries [3]. - The plan outlines the use of existing and new policies to support equipment upgrades and technological innovations in the industry [3].

Core Viewpoint - The "Building Materials Industry Stabilization Growth Work Plan (2025-2026)" aims to enhance the profitability and innovation capacity of the building materials industry, with a target of exceeding 300 billion yuan in green building materials revenue by 2026 [1] Group 1: Key Tasks - Strengthening industry management to promote survival of the fittest, prohibiting new capacities for cement clinker and flat glass, and enforcing the elimination of outdated capacities [2] - Enhancing industrial technological innovation to improve effective supply capacity and fostering advanced inorganic non-metallic materials [3] - Expanding effective investment to facilitate industry transformation and upgrading, including digital and green modifications [3] - Stimulating consumer demand through initiatives like promoting green building materials in rural areas and supporting cooperation between upstream and downstream enterprises [3] - Deepening open cooperation to enhance international development levels and promoting high-level international collaboration [3] Group 2: Market Impact - The policy is expected to reverse the weak expectations in the glass industry chain, potentially leading to a recovery in glass prices during the peak demand season [4] - The glass production industry is under high energy consumption scrutiny, with a shift towards natural gas as a fuel source anticipated [4] - The implementation of comprehensive standards for quality, environmental protection, energy consumption, and safety is expected to create a balanced supply-demand dynamic in the glass industry [4]

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has issued the "Building Materials Industry Stabilization and Growth Work Plan (2025-2026)", aiming for recovery and growth in the building materials sector, with a target of exceeding 300 billion yuan in revenue from green building materials by 2026 [1][2]. Group 1: Key Tasks - Strengthening industry management to promote survival of the fittest, prohibiting new production capacity for cement clinker and flat glass, and mandating capacity replacement plans for new and renovated projects [1]. - Enhancing technological innovation in the industry to improve effective supply capacity and fostering advanced inorganic non-metallic materials [2]. - Expanding effective investment to facilitate industry transformation and upgrading, including digital and green transformations [2]. Group 2: Market Demand and International Cooperation - Stimulating consumer demand through initiatives like promoting green building materials in rural areas and supporting the establishment of cooperation mechanisms among upstream and downstream enterprises [2]. - Deepening open cooperation to enhance international development levels, particularly with countries involved in the Belt and Road Initiative [2]. Group 3: Industry Insights - Analysts suggest that the policy will positively impact the glass industry, potentially reversing weak expectations and aligning with seasonal demand [2]. - The flat glass industry is under high regulatory scrutiny due to its energy consumption, with a shift towards natural gas as a fuel source anticipated [3]. - Long-term strategies include differentiated management in the flat glass sector to concentrate resources on leading enterprises, aiming to cultivate world-class building material companies [3].

新华社北京9月24日电（记者王悦阳）记者24日从工业和信息化部获悉，工业和信息化部、自然资 源部、生态环境部等六部门日前联合印发《建材行业稳增长工作方案（2025—2026年）》，其中提出 2026年，力争绿色建材营业收入超过3000亿元。 方案还明确了一系列2025年至2026年建材行业稳增长主要目标：建材行业恢复向好，盈利水平有效 提升，产业科技创新能力不断增强，绿色建材、先进无机非金属材料产业规模持续增长，绿色低碳和数 字化发展水平明显提高。 方案以质量效益为中心，强化科技创新和产业创新深度融合，注重供需两端协同发力，具体提出了 一系列重点任务。 优供给，推动传统建筑材料升级和先进无机非金属材料发展。壮大先进无机非金属材料产业，加快 先进陶瓷、超硬材料等补短板锻长板，培育石墨、萤石、菱镁矿等特色优势资源产业。 扩需求，挖掘传统消费潜力、培育新兴应用。持续开展绿色建材下乡活动，落实政府采购支持绿色 建材促进建筑品质提升政策；支持建立无机非金属材料生产企业上下游合作机制，推动金刚石、先进陶 瓷、低介电玻璃纤维制品等推广应用。 在控总量方面，严禁新增产能，开展风险预警。严禁新增水泥熟料、平板玻璃产能，加快光伏 ...

Core Viewpoint - The Ministry of Industry and Information Technology of China has issued a work plan for the building materials industry aimed at restoring growth and improving profitability from 2025 to 2026, with a target for green building materials revenue to exceed 300 billion yuan by 2026 [1][2] Group 1: Key Tasks - Strengthening industry management by prohibiting new cement clinker and flat glass production capacity, requiring capacity replacement plans for new projects, and enhancing the management of existing capacities [1] - Enhancing technological innovation in the industry by promoting advanced inorganic non-metallic materials and improving supply capabilities in sectors like advanced ceramics and superhard materials [1] - Expanding effective investment through digital and green transformations, and developing industry standards for safety glass and insulation materials [2] Group 2: Demand and Cooperation - Expanding consumer demand by promoting green building materials in rural areas and supporting the establishment of cooperation mechanisms between upstream and downstream enterprises in the non-metallic materials sector [2] - Deepening open cooperation with countries along the Belt and Road Initiative to promote building materials products, technologies, and standards internationally [2]

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has issued the "Building Materials Industry Stabilization and Growth Work Plan (2025-2026)", aiming for recovery and growth in the building materials sector, with a projected revenue of over 300 billion yuan from green building materials by 2026 [1][2]. Group 1: Key Tasks - Strengthening industry management by prohibiting new cement clinker and flat glass production capacity, requiring capacity replacement plans for new projects, and enhancing regulatory standards for cement and flat glass [2]. - Enhancing industrial technological innovation by expanding the advanced inorganic non-metallic materials industry and improving supply capabilities in key resource sectors such as graphite and magnesium [2]. - Expanding effective investment through digital and green transformation initiatives, including the development of digital transformation solutions and the establishment of "zero" factories in the cement and flat glass industries [2]. - Expanding consumer demand by promoting green building materials in rural areas and supporting the establishment of cooperation mechanisms between upstream and downstream enterprises in the inorganic non-metallic materials sector [2]. - Deepening open cooperation by strengthening industrial collaboration with countries along the Belt and Road Initiative and promoting the internationalization of building materials products, technologies, and standards [2].

Group 1 - The 2025 Diamond Industry Conference and the 7th China (Zhengzhou) International Abrasives, Tools, and Grinding Exhibition will be held from September 20 to 22 in Zhengzhou, with a total of 30 projects signed during the event, amounting to 14.77 billion yuan [1][3] - The conference is organized by the China Machine Tool & Tool Industry Association and aims to gather experts, scholars, and industry representatives from the global diamond sector to discuss innovative applications and development trends of superhard materials in fields such as semiconductors, new energy, and aerospace [3] - During the event, multiple technical sub-forums will be held, and various reports will be released, including the "China Superhard Materials Industry Cluster Development Competitiveness Index (2025)" and industry development reports for diamond trading and cultivation [3]

Group 1 - The 2025 Diamond Industry Conference and the 7th China (Zhengzhou) International Abrasives, Tools, and Grinding Exhibition opened on September 20, highlighting the importance of the diamond and superhard materials industry as a strategic emerging industry in China [1] - The conference aims to serve as a "watchtower" for industry trends, a "connector" for technology and industry, a "catalyst" for collaborative innovation, and a "showcase" to boost confidence in achievements [1] - The event featured speeches from key industry leaders, emphasizing the need for high-level exchanges and cooperation to drive the industry towards higher development levels [1] Group 2 - A total of 30 projects were signed during the event, with a signing amount of 14.77 billion yuan, alongside the release of several industry reports and indices [2] - The conference, hosted by the China Machine Tool Industry Association, focused on the theme "Gathering Industry Chain Advantages, Expanding Diamond Prospects," and included various related activities such as the 2025 Cultivated Diamond E-commerce Festival [2] - Global experts and enterprises in the diamond field engaged in deep discussions on frontier technologies, development trends, and key common issues to explore innovative development paths for the superhard materials industry [2]

Group 1: Diamond Industry Development - The 2025 Diamond Industry Conference opened in Zhengzhou, highlighting the significance of the diamond industry as a key sector in Henan, evolving from abrasives to high-end products like single crystals and synthetic diamonds [1] - Henan has initiated a three-year action plan to enhance the superhard materials industry chain, establishing research institutes and associations to strengthen the industry ecosystem [1] - The province's focus on modernizing industrial chains has led to the creation of seven advanced manufacturing clusters and 28 key industry chains, enhancing Henan's competitive advantage [1] Group 2: New Energy Vehicle Sector - The rise of the new energy vehicle sector in Henan has been marked by the introduction of major manufacturers like BYD and CATL, leading to a significant increase in production from 6.6 million units in 2021 to 681,000 units in 2024 [2] - Exports of new energy vehicles from Henan have surged, with notable deliveries to international markets such as Norway and the UK [2] Group 3: Electronics and Advanced Equipment Industries - The electronics industry in Henan is focusing on specialized chips, high-end displays, and new computing power, with mobile phone production expected to reach 130 million units in 2024, ranking second in the country [2] - The advanced equipment sector is transitioning towards high-quality and intelligent products, with over 30% of the equipment industry now classified as advanced [2] Group 4: Innovation and Economic Growth - Henan is integrating innovation into its industrial chain, with the establishment of numerous research institutes and innovation centers, leading to significant technological advancements [3] - In the first half of the year, the added value of key industry chains in Henan grew by 9.5%, contributing 67.9% to industrial growth [3] - The "7+28+N" industry chain model has become a crucial support for high-quality development in Henan's manufacturing sector, accounting for over 80% of the province's total import and export value [3]