HUAXIN CEMENT (06655) surged over 7%, rising 7.74% to HK$16.7 with trading volume of HK$143 million as of press time.

On the news front, HUAXIN CEMENT recently announced several corporate initiatives, including plans to grant 2.578 million restricted shares to 11 incentive recipients. The company also plans to repurchase A-shares worth RMB 32.25-64.5 million, with the buyback price not exceeding RMB 25 per share. Additionally, the company has terminated plans for an overseas subsidiary IPO and proposed changing its name to "Huaxin Building Materials" while keeping the same stock code.

Guojin Securities commented that this incentive plan differs from previous stock option and core employee shareholding programs, focusing on senior management with more diversified assessment criteria. Furthermore, the termination of the overseas IPO reduces dilution impact on the parent company while reflecting positive development of overseas operations. The name change signals the company's transition from cement to building materials, expanding its product categories through steady growth.

Notably, on October 9, the National Development and Reform Commission and State Administration for Market Regulation issued an "Announcement on Addressing Disorderly Price Competition and Maintaining Good Market Price Order." The announcement stated that for key industries with prominent disorderly price competition issues, industry associations and relevant institutions can research and evaluate industry average costs under guidance from regulatory bodies to provide pricing references for operators.

Guoxin Securities noted that with the introduction of growth stabilization measures and rising anti-involution sentiment expected to continue boosting industry expectations, attention should be paid to the cement sector where supply regulation is tightening and profitability levels are expected to gradually recover.