Investment Rating - The report assigns an "Accumulate" rating for the building materials industry [5] Core Insights - The report emphasizes the expectation of price increases post-Spring Festival and the potential catalyst from the real estate sector. It highlights that the consumption building materials sector may begin to show fundamentals independent of real estate from 2025-2026, with a focus on the resilience of the real estate market after the Spring Festival [2][7] - The report recommends leading companies in the consumption building materials sector that have independent growth logic and sufficient dividend valuation support, particularly in the waterproof materials sub-sector [5][7] Summary by Sections Building Materials Industry Investment Strategy - The consumption building materials sector is anticipated to benefit from potential macroeconomic improvements, with a focus on the resilience of the real estate market post-Spring Festival. The report highlights the importance of observing second-hand housing transactions for signs of market recovery [7] - Recommended companies include Oriental Yuhong, Beixin Building Materials, Weixing New Materials, and others that are expected to perform well due to their growth strategies and market positions [7] Market Review - From February 2 to February 6, 2026, the building materials sector increased by 0.70%, with specific segments like glass manufacturing rising by 5.32% [10] - The report notes significant individual stock movements, with companies like Hanjian Heshan and Jinjing Technology showing notable weekly gains [17] Cement Industry - The national cement market price decreased by 1% week-on-week, with significant price drops in regions like Henan and Hubei. The average shipment rate for cement companies fell by approximately 8 percentage points [24][25] - The report anticipates a stabilization in cement prices as the market enters a holiday period, with a focus on the execution of production restrictions in 2026 [7][24] Glass Industry - The average price of domestic float glass increased to 1154.49 RMB/ton, reflecting a week-on-week rise of 9.69 RMB/ton. However, demand is expected to weaken as downstream processing plants shut down for the holiday [42] - The report recommends leading companies in the glass sector, including Fuyao Glass and Xinyi Glass, due to their strong market positions and dividend yields [42][43] Fiberglass Industry - The report indicates that the fiberglass market is experiencing price increases, particularly in the electronic yarn segment, driven by tight supply and steady demand [55] - Recommended companies in this sector include China Jushi and Zhongcai Technology, which are expected to benefit from structural demand upgrades [55]

作为佛山市政协常委，蒙娜丽莎集团董事长兼总裁萧礼标受邀出席由佛山市政协和佛山市新闻传媒中心联合打造的"委员通道"履职平台。 围绕佛山城市品质提升、文化传承创新与产业绿色发展，提出以系统规划筑牢根基，用文脉赋能彰显本土特色，以绿色智造实现可持续美学，让城市美学 成为高质量发展的"软实力"，为佛山城市发展提供新思路。 现场派V ，赞56 今年是全面贯彻中共二十届四中全会精神、推进"十五五"规划开局起步的关键一年，要锚定目标，谋定快动。 萧礼标委员紧密围绕"产业赋能文化、文化点亮城市"这一核心主线，清晰明确地提出了两大关键方向：一是构建市、区、镇三级统一的城市美学导向规 划，将陶瓷纹样、醒狮造型、功夫动作等佛山文化精髓转化为可复用的设计图库，融入城市公共空间建设；二是坚持以绿色智造与技术创新为核心驱动， 让环保、高效、具有艺术感的氨氢零碳新型陶瓷材料，成为城市可持续发展的重要材料。 萧礼标这一系列建言，其实早就融入蒙娜丽莎集团整体发展战略之中，是蒙娜丽莎集团长期以来实践经验的总结与升华。 技术赋能：新型材料打造城市美学 作为陶瓷建材领域的深耕者，蒙娜丽莎始终以创新为驱动，不断突破传统陶瓷的应用边界，推动其功能从装饰 ...

（记者 曾健辉） 每经头条（nbdtoutiao）——核电建设热潮下，设备厂忙到"飞起"！订单已排至2028年，员工三班倒， 产线24小时不停 每经AI快讯，蒙娜丽莎1月30日晚间发布公告称，蒙娜丽莎集团股份有限公司于近日取得国家知识产权 局颁发的发明专利证书共3项。专利名称分别为"流纹装饰效果陶瓷砖及其制备方法""一种奢石陶瓷及其 制备方法"等。 ...

| 证券代码：002918 | 证券简称：蒙娜丽莎 | 公告编号：2026-005 | | --- | --- | --- | | 债券代码：127044 | 债券简称：蒙娜转债 | | 蒙娜丽莎集团股份有限公司 上述发明专利为公司自主研发成果。专利的取得和应用不会对公司目前的生产经营产 生重大影响，但有利于充分发挥公司自主知识产权的优势，促进技术创新，增强公司产品 的核心竞争力，对公司未来发展产生积极影响。 特此公告。 蒙娜丽莎集团股份有限公司董事会 2026 年 1 月 31 日 蒙娜丽莎集团股份有限公司（以下简称"蒙娜丽莎"或"公司"）于近日取得国家知 识产权局颁发的发明专利证书共 3 项，具体情况如下： | 序 | 专利 | 专利 | 发明名称 | 专利号 | 专利 | 专利授权 | 证书号 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 类型 | 权人 | | | 申请日 | 公告日 | | | | 1 | 发明 | 蒙娜 | 流纹装饰效果陶瓷砖及 | ZL202511 | 2025.09.24 | 2026.01. ...

Core Viewpoint - The renovation and building materials sector experienced a slight increase, closing at 18,076.57 points with a growth rate of 0.91%, driven by several stocks in the sector showing positive performance [1]. Group 1: Stock Performance - Keshun Co. closed at 7.61 CNY per share, leading the sector with a growth rate of 13.58% [1]. - Dongfang Yuhong closed at 17.95 CNY per share, with a growth rate of 7.87%, ranking second in the sector [1]. - Sankeshu closed at 57.88 CNY per share, achieving a growth rate of 7.58%, ranking third in the sector [1]. - Kangxin New Materials closed at 3.81 CNY per share, leading the decline with a drop of 8.19% [1]. - Xiong Plastic Technology closed at 10.38 CNY per share, with a decline of 3.98%, ranking second in losses [1]. - Mona Lisa closed at 16.46 CNY per share, with a decline of 3.23%, ranking third in losses [1]. Group 2: Market Outlook - China Galaxy's research report indicates that both consumption and investment are working together to expand domestic demand, with consumption upgrades driving the high-quality transformation of building materials [1]. - The Central Economic Work Conference mentioned plans to "deeply implement special actions to boost consumption" by 2026, which aligns with the 14th Five-Year Plan's suggestion to "remove unreasonable restrictions on consumption" [1]. - It is anticipated that by 2026, housing purchase restrictions in various regions will gradually be relaxed, enhancing expectations for a recovery in the home decoration market and boosting demand for building materials [1].

来源：环球网 2025年，中国家居行业处于市场端、消费端、政策端等多重变革交织的关键博弈场中，企业的每一次战 略选择都是一次关键"出牌"。为此，环球网策划"请出牌2026"系列访谈，对话家居行业领军者，解码 2025年出牌逻辑，探寻2026年王牌策略。本期采访蒙娜丽莎集团股份有限公司董事张旗康，解码企 业"向内求"的破局逻辑，探寻行业博弈中穿越周期的发展路径。 避战价格内卷 以精益管理筑牢经营基本盘 谈及2025年陶瓷行业的困境，张旗康直言，2025年是近几年乃至近十年行业最低迷的一年，全行业开窑 率大概在50%。据"陶业长征"调研数据显示，全国近900家规模以上陶瓷生产企业拥有2200多条生产 线，预计产能应超129亿平方米，而2024年官方销售量仅59亿平方米，2025年销售量估计45亿平方米左 右，存量竞争下的价格战愈演愈烈。 面对行业乱象，蒙娜丽莎坚定选择跳出价格战漩涡。"价格战是不归路，一味降价只会导致收入下滑， 还会扼杀品牌价值，拖累企业战略。"张旗康强调。2025年，蒙娜丽莎核心策略是导入美国丹纳赫模 式，推行精益管理，围绕品质、交付、成本、创新四大要素深耕。 通过内部挖潜与管理升级，蒙娜丽莎2 ...

（文章来源：证券日报） 证券日报网讯 1月27日，东和新材发布公告称，容诚会计师事务所（特殊普通合伙）作为2025年年度的 审计机构，原指派周洪波担任项目签字注册会计师，现因工作安排调整，改派沙政宇担任项目签字注册 会计师，继续完成公司2025年度审计报告相关工作。变更后的公司2025年度审计服务的项目合伙人为闫 长满、签字注册会计师为沙政宇、刘燕，质量控制复核人为郎海红。 ...

来源：环球网 【环球网消费综合报道】蒙娜丽莎集团股份有限公司1月20日连发两份公告，引发了资本市场的关注。 一方面，公司发布的2025年度业绩预告显示，预计全年归母净利润仅为4500万元至6600万元，同比大幅 下降47.18%至63.99%，业绩几乎遭遇"腰斩"；另一方面，曾因高薪引发争议的董事、董事会秘书张旗 康于同日提交辞呈。面对房地产行业深度调整带来的阵痛，这家陶瓷行业的头部企业正经历业绩与人事 的双重震荡。 | 项目 | 本报告期 | | | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 | | 4,500 | 2 | 6.600 | 12.496.18 | | 股东的净利润 | 比上年同期下降 | 47.18% | 14 | 63.99% | | | 扣除非经常性损 益后的净利润 | | 3.000 | 14 | 4.450 | 10.287.61 | | | 比上年同期下降 | 56.74% | 14 | 70.84% | | | 基本每股收益 (元/股) | | 0.11 | | 0.16 | 031 | 丽莎公告截图 | 证 ...

Core Viewpoint - Mona Lisa Group is facing a significant decline in net profit for the fiscal year 2025, with projections indicating a drop of 47.18% to 63.99% compared to the previous year, leading to market discussions regarding executive compensation amidst poor performance [1][2][4]. Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 45 million and 66 million yuan, a decrease from 124.96 million yuan in the previous year, representing a decline of 47.18% to 63.99% [2][4]. - The non-recurring net profit is anticipated to decline by 56.74% to 70.84% [2][4]. - The average sales price of products has decreased, contributing to lower overall sales revenue, while the real estate sector's transition to a stock era has led to a reduction in order volume, impacting engineering channel sales [4][10]. Executive Compensation - Despite the declining performance, executive compensation has seen an increase. In 2023, the total pre-tax salary for all directors and senior management was approximately 17.91 million yuan, which rose to about 18.62 million yuan in 2024, despite a significant drop in net profit [6][7]. - The highest-paid executive, Zhang Qikang, had an annual salary of 2.757 million yuan, which has raised concerns regarding the company's incentive mechanisms [7][8]. Market Conditions - The ceramic industry is experiencing intensified competition, leading to a projected revenue decline of 17.96% in the first half of 2025 [10]. - The engineering strategic business revenue is expected to drop significantly, with a reported decrease of 42.68% in the first half of 2025 [11]. Cash Flow and Asset Risks - The company is facing challenges with operating cash flow, reporting a net cash flow from operating activities of -113.62 million yuan in the first quarter of 2025, a significant decline of 507.66% year-on-year [11]. - Asset impairment risks are also a concern, with the company indicating that it has recognized impairment losses of 32 million yuan in the first three quarters of 2025, which is an increase compared to the previous year [12]. Strategic Initiatives - The company is focusing on green and intelligent transformation as a key strategy, with plans to launch a zero-carbon combustion production line in September 2024. However, high costs associated with ammonia fuel pose a challenge for commercial promotion [13].

值得注意的是，为支持公司优化运营成本、提升管理效率，公司部分董事及高级管理人员2025年度薪酬 将同比下降不低于20%，且下降幅度不低于营业收入下降幅度。公司表示，将根据《上市公司治理准 则》及公司相关薪酬管理制度，对董事高管薪酬方案进行合理规划，确保薪酬与业绩匹配。 蒙娜丽莎在业绩预告中表示，未来将继续"持续推进提质增效举措、加大市场拓展力度、加强研发创 新，提升服务品质，从多维度提升公司的运营效率和核心竞争力"。公司董事会及管理层将坚守初心， 恪尽职守，勤勉尽责，积极维护公司及全体股东的利益。 公告指出，建筑陶瓷行业近年来面临激烈竞争，蒙娜丽莎此次业绩下滑是行业整体压力的体现，但公司 积极采取应对措施，包括加强内部管理、优化产品结构、提升服务质量等，有望在行业调整中实现稳步 发展。(王珞) 业绩预告显示，2025年蒙娜丽莎基本每股收益为0.11元/股至0.16元/股，较上年同期的0.31元/股明显下 降。公司表示，虽然在原材料采购、节能降耗、降本等多方面实施提质增效措施，生产成本和运营效率 取得一定成效，期间费用也得到有效管控，但产品平均销售价格同比出现下滑，导致整体销售收入未达 预期。 公司进一步解释称 ...