According to the GLONGHUI July 14丨Bank of China Securities Research Report, Western Construction (002302.SZ) expects net profit of 133-165 million yuan in the first half of the year, a decrease of 56.81%-65.18%; net profit of non-return mothers is 1.19-151 million yuan, a decrease of 54.14%-63.84%. The company's performance is under pressure due to poor demand for concrete and high costs, but the company has many highlights, and profitability is expected to rise steadily. Maintain a “buy” rating. The company is the only commercial mixing platform under China Construction Group. The commercial concrete provided to China Construction Group accounts for a low proportion of the total amount of commercial concrete required, and there is still plenty of room for improvement; the company introduced conch cement as a strategic investor. Cooperation between the two sides will enable the company to reduce raw material procurement costs and help the company expand its market; the company continues to promote a regional layering strategy, and the expansion of the new regional business scale is expected to have a scale effect and further enhance profitability.