According to data from Digit Cement, cement companies in Hefei and other eastern regions raised cement prices by RMB 20 per ton on July 16th. This is the second successful price increase in the East since June. In addition, Guangdong companies have also recently raised cement prices by RMB 20-25 per ton, marking the second round of price increases. The bank believes that this cement price hike comes from cooperation on the supply side. Companies choose to cooperate to maintain supply and demand matching and to raise prices to gain profits. Although the weather in July has turned bad again, the bank still expects prices to remain at this level until the end of the peak season. Lyon is optimistic about the rebound of cement prices in the second half of the year to the level of the first half of last year. However, due to the continuous heavy rain in many regions, especially in South China, the bank believes that there is limited room for further price increases. Taking into account the good prospects for the second half of the year, the bank raised its net profit forecast for CR Bldg Mat Tec for the next two years by 31% and 43%, respectively, and raised the target price from HKD 1.7 to HKD 2.2, with a rating of "outperforming the market," and also lowered the target price for CNBM from HKD 4 to HKD 3.4 with a rating of "outperforming the market."