According to the Wisdom Financial APP, cement stocks collectively rose, as of the time of publication, CNBM (03323) rose by 6.01%, closing at HK$2.47; Conch Cement (00914) rose by 5.27%, closing at HK$19.58; Asia Cement (China) (00743) rose by 3.17%, closing at HK$2.28; Huaxin Cement (06655) rose by 1.84%, closing at HK$7.2.

On the news front, as we enter September, cement prices in various regions have seen different degrees of increases. According to Century Architecture Information, in early September, cement prices in many areas of Zhejiang rose by 10-20 yuan/ton, with Zhejiang completing the first round of price increases for the entire province in September; in markets like Southern Jiangsu, some brands have successively raised prices by 20-30 yuan/ton, with most brands maintaining price increases ranging from 10-30 yuan/ton; in many areas of Sichuan, it was announced that starting from 6th, various types of bagged and bulk cement factory prices will be increased by 40 yuan/ton on the original prices.

Recently, the State Council Information Office held a press conference, announcing multiple bullish policies for the real estate sector, involving reserve requirement ratio cuts, interest rate reductions, adjustments to existing home mortgage rates, and reductions in down payment ratios for second homes, among other significant measures. CITIC Securities pointed out that the favorable policies are expected to transmit to the entire industry chain, promoting stability in the operations and profitability of real estate construction engineering and building materials companies. The bank believes that the cement industry is already at the bottom of the profit cycle, and if subsequent real estate sales can stabilize under policy support, the drag of real estate on cement demand will not worsen further. Moreover, with the gradual improvement in the cement supply landscape in recent years, the profit restoration expectations for leading companies are gradually improving.