The China Galaxy Securities Research Report said that real estate policies continue to be strengthened to boost confidence in the building materials market. 1) Stock housing market: From a policy perspective, the stock market is still the focus of follow-up attention. As the threshold for buying a home is lowered and special debt funds are used to buy stock housing, it is expected that the removal of stock commercial housing will be accelerated, directly driving the recovery in demand for consumer building materials. Furthermore, with the improvement of residents' quality of life, consumer requirements for housing quality, functionality, and quality have all increased, and improved housing is expected to increase demand for high-quality consumer building materials products. 2) Old renovation market: The October 17 press conference mentioned that it is necessary to implement 1 million new urban village renovation and dilapidated housing renovation through monetized resettlement and other methods. At present, China's urbanization has entered the stage of urban renewal, and the demand for old housing renovation is broad. With policy support, demand for urban village renovation and dilapidated housing renovation is expected to be released at an accelerated pace, and demand for consumer building materials in the old renovation market is expected to increase dramatically. 3) Corporate repayment situation: With the optimization of loan fund disbursement methods, it is expected to shorten the repayment time of building materials companies, improve corporate cash flow, and facilitate the long-term sustainable development of building materials companies.

The China Galaxy Securities Research Report said that real estate policies continue to be strengthened to boost confidence in the building materials market. 1) Stock housing market: From a policy perspective, the stock market is still the focus of follow-up attention. As the threshold for buying a home is lowered and special debt funds are used to buy stock housing, it is expected that the removal of stock commercial housing will be accelerated, directly driving the recovery in demand for consumer building materials. Furthermore, with the improvement of residents' quality of life, consumer requirements for housing quality, functionality, and quality have all increased, and improved housing is expected to increase demand for high-quality consumer building materials products. 2) Old renovation market: The October 17 press conference mentioned that it is necessary to implement 1 million new urban village renovation and dilapidated housing renovation through monetized resettlement and other methods. At present, China's urbanization has entered the stage of urban renewal, and the demand for old housing renovation is broad. With policy support, demand for urban village renovation and dilapidated housing renovation is expected to be released at an accelerated pace, and demand for consumer building materials in the old renovation market is expected to increase dramatically. 3) Corporate repayment situation: With the optimization of loan fund disbursement methods, it is expected to shorten the repayment time of building materials companies, improve corporate cash flow, and facilitate the long-term sustainable development of building materials companies.