CHINA LESSO (02128) rose nearly 7% during the trading session, with cumulative gains for the year surpassing 50%. At the time of writing, the stock was up 3.91%, trading at HK$6.91, with a turnover of HK$113 million. A research report from CICC indicated that prices in the consumer building materials sector are expected to see a moderate recovery, with leading companies in certain segments potentially achieving marginal improvements in gross profit margins. Recently, major industry players have successively issued price increase notices in segments such as waterproofing, gypsum board, and municipal pipelines. The basis for these price hikes includes optimized supply conditions. Key upstream raw materials, mostly chemical products, have seen their price levels increase since the beginning of the year, including PVC and emulsion. The report expressed optimism about the profit margin recovery for leading companies amid the sector's repricing trend and recommended attention to stocks such as CHINA LESSO. Citigroup previously noted that, prior to the company's quiet period, it had engaged with the CFO and deputy CFO of CHINA LESSO. The core domestic business showed signs of stabilization, with reduced drag from the residential segment being offset by strong growth in non-residential sectors such as agricultural, industrial, healthcare, and municipal projects. Using a forecasted price-to-earnings ratio of 9 times for this year as a valuation basis, Citigroup raised its target price for CHINA LESSO from HK$6.5 to HK$7, maintaining a "Buy" rating.