Market Performance - On December 19, 2025, the A-share market saw all three major indices rise, with the Shanghai Composite Index closing at 3,890.45 points, up 0.36%, and the Shenzhen Component Index at 13,140.21 points, up 0.66% [1] - The Hong Kong stock market also experienced gains, with the Hang Seng Index increasing by 0.75% to 25,690.53 points, while the total trading volume reached 221.19 billion HKD [1] - In the U.S. stock market, all three major indices closed higher, with the Dow Jones Industrial Average rising by 0.38% to 48,134.89 points, and the S&P 500 Index increasing by 0.88% to 6,834.50 points [1] New Stock Offerings - Two new stocks are available for subscription today, with no new stocks listed [2] - Shaanxi Tourism, with a stock code of 603402, has an issue price of 80.44 CNY per share and a price-to-earnings ratio of 12.37 times, focusing on tourism performance and related services [4] - New Guangyi, with a stock code of 301687, has an issue price of 21.93 CNY per share and a price-to-earnings ratio of 28.59 times, specializing in high-performance special functional materials [4] Regulatory Developments - The National Development and Reform Commission, along with other agencies, released the "Internet Platform Pricing Behavior Rules" to enhance price regulation and protect consumer rights [5][6] - The rules prohibit platform operators from imposing unreasonable restrictions on pricing, including forced price reductions or mandatory price alignment across different sales channels [6] Business Sector Initiatives - The Ministry of Commerce held an expanded meeting emphasizing the importance of business work in 2026, which marks the beginning of the "14th Five-Year Plan" [7] - The meeting highlighted the need to boost consumption, expand the supply of quality goods and services, and promote trade innovation and investment integration [7] - There is a focus on enhancing the international trade environment, including the development of digital and green trade, and the promotion of the Belt and Road Initiative [7]

Core Viewpoint - Gansu Shifeng Cement Co., Ltd. has established partnerships through its wholly-owned subsidiary, Ningbo Shangrong Logistics Co., Ltd., to invest in the semiconductor industry, specifically in the initial public offering (IPO) of Guangdong Xin Semiconductor Technology Co., Ltd. [1][2] Group 1: Company Overview - Guangdong Xin Semiconductor is focused on providing 12-inch wafer foundry services and specialized process solutions for domestic and international chip design companies, with applications in consumer electronics, industrial control, automotive electronics, and artificial intelligence [2]. - The company has achieved significant milestones, being the first in Guangdong Province to enter mass production of 12-inch wafers, contributing to the national integrated circuit industry strategy [2]. Group 2: Investment Details - Ningbo Shangrong has invested a total of 233.83 million yuan, holding 38.46% of Shanghai Xin Puran, 13.08% of Suzhou Jingpu, and 3.27% of Suzhou Chuxin [2]. - The investment stakes in Guangdong Xin Semiconductor are 3.52% for Shanghai Xin Puran, 0.91% for Suzhou Jingpu, and 0.70% for Suzhou Chuxin, leading to an indirect ownership of approximately 1.4957% by the company prior to the IPO [2]. Group 3: IPO Process - The IPO of Guangdong Xin Semiconductor is subject to approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission, with uncertainties regarding the approval timeline and implementation [3].

Group 1 - The core announcement is that Gansu Shafeng Cement Co., Ltd. has invested in Yuexin Semiconductor Technology Co., Ltd., which has received approval for its initial public offering (IPO) on the ChiNext board [1] - Shafeng Cement has maintained a top-three position in the industry for gross margin and ROE (Return on Equity) for several years, and has initiated a "self-revolution" since 2020, investing approximately 2 billion yuan in the semiconductor industry chain [1] - The company has established a complete investment matrix covering equipment, design, manufacturing, and materials through investments in leading manufacturers and material companies [1] Group 2 - The IPO of Yuexin Semiconductor is expected to alleviate the funding bottleneck for capacity expansion and accelerate the technological industrialization process [2] - Shafeng Cement's investment has already proven valuable, with the previous project with Jinghe Integrated Circuit Co., Ltd. generating a net profit of 166 million yuan [2] - The strategic collaboration aims to bind core resources of the semiconductor industry chain, laying the groundwork for future extensions into new material production [2] Group 3 - The company plans to continue increasing investments in the semiconductor and new energy sectors, adopting a model that integrates industrial investment, technology incubation, and resource integration to build a new materials industry cluster [3]

Group 1 - *ST Dongyi's restructuring plan has been approved by the court, marking the end of its restructuring process and entering the execution phase, which is expected to improve the company's financial structure and promote sustainable development [1] - Guankang Technology is planning to acquire at least 60% of Liaojing Electronics' shares, leading to a suspension of trading starting December 22, 2025, due to uncertainties surrounding the transaction [2] - Zhuoran Co. and its actual controller are under investigation for suspected violations of information disclosure laws, but the company's operations remain normal during this period [3] Group 2 - China Shenhua plans to issue A-shares and pay cash to acquire assets from its controlling shareholder, with a total transaction value of 133.598 billion yuan, which will significantly enhance its coal resource reserves and production capacity [5] - Bohai Chemical has decided to terminate its major asset restructuring plan due to a lack of agreement on key terms, with trading resuming on December 22, 2025 [6] - Jinshi Resources intends to acquire a 15.7147% stake in Noah Fluorine Chemical for approximately 256.94 million yuan, which will strengthen its position in the fluorine chemical sector [8] Group 3 - Qingdao Port plans to invest 9.097 billion yuan in the construction of a container terminal, with an expected internal rate of return of 8.15% [13] - Tianchuang Fashion is undergoing a potential change in control, leading to a suspension of its stock starting December 22, 2025, for a maximum of two trading days [12] - Deyu Water Conservancy has won a bid for a significant irrigation project in Guangxi, with a contract value of 1 billion yuan, which is expected to positively impact future earnings [15] Group 4 - The stock of Guizhou Bailin will be suspended for one day starting December 22, 2025, due to an administrative penalty notice, and will resume trading under the name "ST Bailin" [20] - *ST Weihai's stock will also be suspended for one day and will resume trading on December 23, 2025, with the removal of certain risk warnings [23] - Tianpu Co. has completed a public offering of shares, with a total of 33.52 million shares being offered at a price of 23.98 yuan per share [21]

经合并统计计算，公司间接持有此次公开发行上市前粤芯半导体的股权比例约为1.4957%。 人民财讯12月21日电，上峰水泥（000672）12月21日公告，公司通过全资子公司宁波上融物流有限公司 为出资主体分别与专业机构合资成立的私募股权投资基金——上海芯濮然创业投资合伙企业(有限合 伙)、苏州晶璞创业投资合伙企业(有限合伙)及苏州工业园区储芯创业投资合伙企业(有限合伙)投资的粤 芯半导体技术股份有限公司(简称"粤芯半导体")首次公开发行股票(IPO)并在创业板上市申请于12月19日 获深交所受理。 ...

智通财经APP讯，上峰水泥(000672.SZ)发布公告，近日获悉，公司通过全资子公司宁波上融物流有限公 司为出资主体分别与专业机构合资成立的私募股权投资基金—上海芯濮然创业投资合伙企业(有限合 伙)、苏州晶璞创业投资合伙企业(有限合伙)及苏州工业园区储芯创业投资合伙企业(有限合伙)投资的粤 芯半导体技术股份有限公司(简称"粤芯半导体")首次公开发行股票并在创业板上市申请于2025年12月19 日获深圳证券交易所受理。经合并统计计算，公司间接持有本次公开发行上市前粤芯半导体的股权比例 约为1.4957%。 ...

智通财经APP讯，上峰水泥(000672.SZ)发布公告，近日获悉，公司通过全资子公司宁波上融物流有限公 司为出资主体分别与专业机构合资成立的私募股权投资基金—上海芯濮然创业投资合伙企业(有限合 伙)、苏州晶璞创业投资合伙企业(有限合伙)及苏州工业园区储芯创业投资合伙企业(有限合伙)投资的粤 芯半导体技术股份有限公司(简称"粤芯半导体")首次公开发行股票并在创业板上市申请于2025年12月19 日获深圳证券交易所受理。经合并统计计算，公司间接持有本次公开发行上市前粤芯半导体的股权比例 约为1.4957%。 ...

证券代码：000672 证券简称：上峰水泥 公告编号：2025-082 甘肃上峰水泥股份有限公司 特此公告。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 甘肃上峰水泥股份有限公司（以下简称"公司"）近日获悉，公司通过全资 子公司宁波上融物流有限公司（以下简称"宁波上融"）为出资主体分别与专业机 构合资成立的私募股权投资基金——上海芯濮然创业投资合伙企业（有限合伙） （以下简称"上海芯濮然"）、苏州晶璞创业投资合伙企业（有限合伙）（以下简 称"苏州晶璞"）及苏州工业园区储芯创业投资合伙企业（有限合伙）（以下简称 "苏州储芯"）投资的粤芯半导体技术股份有限公司（以下简称"粤芯半导体"） 首次公开发行股票并在创业板上市申请于 2025 年 12 月 19 日获深圳证券交易所 受理。 《招股说明书（申报稿）》显示：粤芯半导体是一家致力于为境内外芯片设 计企业提供 12 英寸晶圆代工服务和特色工艺解决方案的集成电路制造企业。以 特色工艺晶圆代工为核心商业模式，服务芯片设计公司和终端客户，主要客户涵 盖境内外多家一流半导体行业设计公司。粤芯半导体具备集成电路、功率器件 ...

上峰水泥公告称，其通过全资子公司宁波上融参投的私募股权投资基金，所投粤芯半导体于2025年12月 19日创业板上市申请获深交所受理。截至2025年6月30日，粤芯半导体获授权专利681项。截至公告日， 宁波上融出资2.34亿元，通过三只基金间接持粤芯半导体1.4957%股权。此次上市尚需深交所审核及证 监会同意注册，存在不确定性。 ...

（文章来源：证券日报） 证券日报网讯 12月19日，上峰水泥发布公告称，公司第十一届董事会第九次会议审议通过《关于补选 公司董事的议案》《关于提请召开公司2026年第一次临时股东会的议案》。 ...