"水泥市场需求下滑严重，供需矛盾加剧，市场信心缺失，企业生产经营困难，纷纷通过低价恶性竞争抢占市场份额，导 致水泥价格持续下降至成本线附近，行业效益大幅下降。"数字水泥网总裁陈柏林表示。 本报记者 刘欢 近期，安徽海螺水泥股份有限公司（以下简称"海螺水泥"）、天山材料股份有限公司（以下简称"天山股份"）、甘肃上峰 水泥股份有限公司（以下简称"上峰水泥"）等多家水泥上市公司陆续召开业绩说明会，各公司高管围绕公司2024年、2025年一 季度的业绩表现和经营情况等，与投资者展开了深入交流。 从上述公司业绩说明会释放的信号来看，各企业围绕产业链延伸、绿色低碳转型等方向谋篇布局，试图在需求下行等多重 压力下，寻找突围与转型的新路径。 企业积极探索应对之策 2024年，全国及各主要消费区域水泥需求均出现接近两位数的降幅，全国规模以上企业的累计水泥产量18.25亿吨，同比下 降9.5%（按可比口径），水泥产量创下十五年以来的最低值。 从企业层面来看，Wind数据显示，2024年，A股市场18家水泥上市公司中，有10家净利润同比下滑。 "展望2025年全年，水泥行业整体盈利水平有望比2024年出现明显改善。"中国水泥协会会 ...

证券代码：000672 证券简称：上峰水泥 公告编号：2025-043 甘肃上峰水泥股份有限公司 关于对外担保的进展公告 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。 一、担保情况概述 近日，公司及子公司与相关金融机构商谈并达成意向，拟合计向银行申请 18,900 万元的融资授信，其中，怀宁上峰水泥有限公司拟向安徽怀宁农村商业银 行股份有限公司申请融资贷款 1.1 亿元，由公司和铜陵上峰水泥股份有限公司提 供连带责任保证；铜陵上峰水泥股份有限公司拟向铜陵农村商业银行股份有限公 司申请融资贷款 4,900 万元，由公司和浙江上峰建材有限公司提供连带责任保证； 铜陵上峰节能发展有限公司拟向铜陵农村商业银行股份有限公司申请融资贷款 3,000 万元，由公司和铜陵上峰水泥股份有限公司提供连带责任保证。具体担保 明细如下： （一）公司对子公司担保进展情况 1 甘肃上峰水泥股份有限公司(以下简称"公司")分别于 2025 年 2 月 19 日和 2025 年 3 月 10 日召开第十届董事会第四十次会议和 2025 年第二次临时股东大 会，审议通过了《关于公司 2025 ...

Core Points - The company held the first meeting of the third employee stock ownership plan on May 20, 2025, with 210 participants representing 48.9366 million shares, which is the total share of the first employee stock ownership plan [1][2] - The meeting approved the establishment of a management committee for the third employee stock ownership plan, which will oversee daily management and represent the plan in exercising shareholder rights [1][2] - The management committee consists of five members, with Mr. Qu Hui as the chairman, and all members have no affiliations with the company's controlling shareholders or other executives [2] - The meeting authorized the management committee to handle various matters related to the employee stock ownership plan, including convening meetings, managing daily operations, and representing shareholders in exercising rights [2][3]

第三期员工持股计划第一次持有人会议决议公告 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"）第三期员工持股计划第一次 持有人会议于 2025 年 5 月 20 日下午 14:00 时在公司会议室以现场和通讯表决 相结合的方式召开。本次会议通知于 2025 年 5 月 17 日以书面或电子邮件等方式 送达各位持有人，本次会议应出席持有人 210 名，实际出席持有人 210 名，代表 公司员工持股计划份额 4,893.66 万份，占公司第一次员工持股计划总份额的 100%。会议由公司党委书记、董事、副总裁兼董事会秘书瞿辉先生主持，本次会 议的召集、召开和表决符合公司第三期员工持股计划的有关规定，合法有效。会 议审议通过了如下议案： 一、审议通过《关于设立公司第三期员工持股计划管理委员会的议案》 根据《公司第三期员工持股计划》和《公司第三期员工持股计划管理办法》 等有关规定，本次第三期员工持股计划设立管理委员会，根据员工持股计划规定 履行员工持股计划日常管理职责、代表员工持股计划行使股东权利等职权。 表决结果：同意 4,8 ...

Investment Rating - The report maintains an "Overweight" rating for the construction and building materials industry [6] Core Insights - The report highlights a recovery in building materials retail, with expectations for the impact of policy implementation to support demand in the construction sector [1][2] - Investment in infrastructure, real estate, and manufacturing has shown mixed results, with infrastructure investment continuing to rise while real estate and manufacturing investments have declined [1] - The report emphasizes the importance of recent monetary policy measures, including interest rate cuts and structural monetary policy tools, to stimulate domestic demand [1] Summary by Sections Real Estate and Construction - From January to April 2025, real estate sales and new construction starts saw a reduction in their year-on-year decline, with sales down by 2.8% and new starts down by 23.8% [2] - The report notes that the retail sales of construction and decoration materials reached 53 billion yuan, showing a year-on-year increase of 2.3% [2] Cement Industry - Cement production from January to April 2025 was 495 million tons, reflecting a year-on-year decrease of 2.8% [3] - The average cement price in April was 398 yuan per ton, which is a 9.6% increase year-on-year [3] - The report indicates that the average cement shipment rate was 48.3%, with a slight increase from the previous month [3] Glass Industry - The flat glass production from January to April 2025 was 319 million weight cases, down 4.8% year-on-year [4] - The average price of float glass in April was 71 yuan per weight case, showing a slight month-on-month increase [4] - The report notes an increase in inventory levels for photovoltaic glass, indicating a potential oversupply situation [4] Recommended Stocks - The report recommends several stocks in the construction and building materials sector, including: - Sichuan Road and Bridge (600039 CH) with a target price of 11.03 yuan - China National Materials (600970 CH) with a target price of 13.04 yuan - China National Chemical (601117 CH) with a target price of 9.03 yuan - Huaneng Water Cement (6655 HK) with a target price of 11.26 HKD [10][29]

证券代码：000672 证券简称：上峰水泥 公告编号：2025-041 甘肃上峰水泥股份有限公司 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"）2024 年年度权益分派方案已 获 2025 年 5 月 16 日召开的 2024 年度股东会审议通过，现将权益分派事宜公告 如下： 一、权益分派方案审议及相关情况 股东会审议通过，利润分配方案为：以公司现有总股本 969,395,450.00 股剔除已 回购股份 15,987,940.00 股后的 953,407,510.00 股为基数，向全体股东每 10 股派 发现金红利 6.300000 元（含税），送红股 0.00 股（含税），不以公积金转增股本。 合计派发现金红利总额为 600,646,731.30 元（含税），占上市公司本年度归母净 利润（合并报表）的 95.73%，剩余未分配利润结转至以后年度。 均为 969,395,450.00 股。若在权益分派方案实施前公司总股本由于股份回购、再 融资新增股份上市等原因而发生变化的，按照现金分红分配总额固定不变的原则 进行 ...

证券代码：000672 证券简称：上峰水泥 公告编号：2025-041 1、公司 2024 年年度权益分派方案已获 2025 年 5 月 16 日召开的 2024 年度 股东会审议通过，利润分配方案为：以公司现有总股本 969,395,450.00 股剔除已 回购股份 15,987,940.00 股后的 953,407,510.00 股为基数，向全体股东每 10 股派 发现金红利 6.300000 元（含税），送红股 0.00 股（含税），不以公积金转增股本。 合计派发现金红利总额为 600,646,731.30 元（含税），占上市公司本年度归母净 利润（合并报表）的 95.73%，剩余未分配利润结转至以后年度。 2、自 2024 年年度权益分派方案披露至实施期间，公司股本总额未发生变化， 均为 969,395,450.00 股。若在权益分派方案实施前公司总股本由于股份回购、再 融资新增股份上市等原因而发生变化的，按照现金分红分配总额固定不变的原则 进行调整。 3、本次实施的权益分派方案与股东会审议通过的权益分派方案一致。 4、本次权益分派方案实施时间距离公司股东会审议通过的时间未超过两个 月。 二、本次实施 ...

Core Viewpoint - The successful nomination of independent director Du Jian by the China Securities Investor Services Center marks a significant step in the reform of the independent director system in China, following the first case with First Pharmaceutical in June 2024, indicating a trend towards improved corporate governance in listed companies [1][4]. Group 1: Nomination Process - The nomination of Du Jian was conducted in collaboration with institutional investors, adhering to market-oriented and legal principles, and received support from 8 shareholders, representing approximately 1.2288% of the total voting rights of Shangfeng Cement [2]. - The voting results showed that the shares in favor of the nomination exceeded the required threshold, indicating that the center could potentially nominate candidates independently in the future [2][3]. Group 2: Impact on Corporate Governance - The initiative by the China Securities Investor Services Center to publicly nominate independent directors has garnered widespread attention and is seen as a positive exploration for enhancing internal governance of listed companies [4]. - The involvement of the center allows for a more rigorous selection of independent directors based on their past performance and ability to protect minority shareholders' rights, thereby improving the overall governance of listed companies [4][5]. - The successful implementation of this nomination process is expected to encourage more investors to exercise their shareholder rights, thereby enhancing the supervisory and balancing forces within corporate governance structures [5].

Core Viewpoint - The appointment of independent director Du Jian marks a significant step in governance reform for Shangfeng Cement, enhancing transparency and institutional participation for minority shareholders [1][2]. Group 1: Governance Reform - Shangfeng Cement's shareholder meeting on May 16 approved the appointment of independent director Du Jian, nominated by the China Securities Investor Services Center, marking the first independent director recommendation in a non-state-owned listed company [1]. - This initiative aligns with the State Council's opinions on independent director system reform, providing a new pathway for minority shareholder involvement in corporate governance [1][2]. Group 2: Strategic Development - The company has been optimizing its governance since before its listing, introducing state-owned enterprise equity to explore mixed-ownership reform, which has helped it grow from a regional cement company to a national leader in the building materials sector [2]. - Shangfeng Cement has successfully expanded its business from a single cement focus to a full building materials industry chain, while also venturing into new economic sectors such as semiconductors and renewable energy [2]. Group 3: Financial Performance - The company has demonstrated strong anti-cyclical capabilities, maintaining the highest industry gross margin for five consecutive years and achieving an average return on equity of 17.8% over the past five years [2]. - In the new economy investment sector, Shangfeng Cement has made successful investments, with one semiconductor company already listed and five others initiating or undergoing the listing process [2].

关于中证中小投资者服务中心有限责任公司 公开征集甘肃上峰水泥股份有限公司股东投票权的 法律意见书 北京市中伦（上海）律师事务所 二〇二五年五月 北京市中伦（上海）律师事务所 关于中证中小投资者服务中心有限责任公司 公开征集甘肃上峰水泥股份有限公司股东投票权的 法律意见书 致：中证中小投资者服务中心有限责任公司（以下简称"征集人"、"中证投服中 心"） 北京市中伦（上海）律师事务所（以下简称"本所"）作为征集人聘请的专 项法律顾问，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《公开征集上市公司股东 权利管理暂行规定》（以下简称"《暂行规定》"）等相关法律、行政法规、规 章、规范性文件和《甘肃上峰水泥股份有限公司章程》（以下简称"《公司章程》"） 的规定，按照律师行业公认的业务标准、道德规范和勤勉尽责精神，对征集人向 截至2025年5月7日下午交易结束后在中国证券登记结算有限责任公司深圳分公 司登记在册的甘肃上峰水泥股份有限公司（以下简称"上峰水泥"）全体股东征 集2025年5月16日召开的上峰水泥2024年度股东会表决权（以下简称"本次征集 表决 ...