Core Viewpoint - The Anhui Province is implementing a series of measures to optimize the building materials industry, aiming for significant growth and environmental improvements by 2027 [1] Group 1: Industry Measures - Since the beginning of the 14th Five-Year Plan, Anhui Province has eliminated 35 cement clinker production lines with a daily capacity of less than 4,500 tons, resulting in a 30% reduction in the number of production lines [1] - The building materials industry is a traditional sector with competitive advantages in Anhui, comprising two trillion-level sub-industries: cement and glass [1] Group 2: Future Goals - The recently issued "Implementation Plan for the Optimization and Upgrading of the Building Materials Industry in Anhui Province" aims for the industry revenue to reach 270 billion yuan by 2027 [1] - The plan includes the establishment of 20 advanced intelligent factories and 50 provincial-level green factories, along with the completion of ultra-low emission transformations in the cement and flat glass sectors, and the complete exit of backward production capacity [1]

Equity Research Report Shangfeng Cement (000672 CH) Near-Term Recovery Sustained, Strategic Chains to Retain Growth | Analyst | FANG Yanhe | | --- | --- | | SAC No. S0570517080007 | fangyanhe@htsc.com | | SFC No. BPW811 | +(86) 755 2266 0892 | | Analyst | HUANG Ying | | SAC No. S0570522030002 | huangying018854@htsc.com | SFC No. BSH293 +(86) 21 2897 2228 | Huatai Research | Annual Results Review | Rating (Maintain): | BUY | | --- | --- | --- | --- | | 13 May 2025 │ China (Mainland) | Cement | Target price ( ...