Materials focus on going overseas, domestic substitution, and price increase chains

English summary

Traditional building materials are actively going overseas as a breakthrough. In H1, weak domestic real estate and infrastructure investment dragged down demand for domestic cement and consumer building materials; while overseas regions such as Africa, the Middle East, Southeast Asia, and Central Asia, driven by sustained population growth and steady urbanization, have huge potential for infrastructure improvement and growing demand for traditional building materials, attracting companies with cost, channel, and technology advantages to go overseas. For example, #Huaxin Cement# relies on major shareholder Holcim Group; in 2025, the company completed the Nigeria asset acquisition, adding 10.6 million tons of annual capacity, continuously expanding its overseas footprint to lay a solid foundation for performance growth; #Keda Industrial# opened the African market in 2016 by cooperating with Senda which has long been rooted in African channels. By the end of 2025, the company's overseas building materials business operated 21 building ceramic production lines, 2 glass production lines, and 2 sanitary ware production lines in 7 African countries; growth is worth expecting. Domestic substitution provides opportunities for domestic new material companies to overtake on curves. ...