According to a report published by CICC, real estate and macroeconomic support policies have been intensively issued recently. It is believed that demand expectations in the cement sector have been clearly boosted. Demand for cement is expected to rise by 1 to 2% from year to year next year, so there is no need to worry about the continued sharp decline on the demand side. Looking ahead to next year, CICC believes that industry demand is expected to improve substantially, and that the supply side also has a basis for deepening consensus and strengthening control. The fundamentals of the industry are expected to recover as supply and demand stabilizes, and corporate profits are expected to recover. The bank suggests two main lines of investment, including benefiting from improved industry demand and being flexible in volume and price. Also, endogenous growth momentum is excellent, and growth has been realized. Optimistic about Huaxin Cement, Conch Cement, and China Resources Cement Holdings, etc., which have clearly benefited from industry restoration, have kept their profit forecasts, ratings and target prices unchanged for the companies they cover.