证券代码：000672 证券简称：上峰水泥 公告编号：2025-044 甘肃上峰水泥股份有限公司 关于与专业投资机构共同投资暨新经济股权投资进展的公告 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、对外投资概述 为落实战略发展规划，在立足主业的同时适度开展新经济产业股权投资，以 提升企业可持续发展综合竞争力，甘肃上峰水泥股份有限公司（以下简称"公司" 或"本公司"）以全资子公司宁波上融物流有限公司（以下简称"宁波上融"）为 出资主体与专业机构苏州工业园区兰璞创业投资管理合伙企业（有限合伙）合作， 合资成立私募股权投资基金——苏州嵩至创业投资合伙企业（有限合伙）（以下 简称"苏州嵩至"），本基金专项用于对合肥方晶科技有限公司进行投资。 本次合作投资事项属于经公司第十届董事会第四十次会议审议通过的新经 济产业投资额度范围内，无需提交公司股东会审议。 本次合作对外投资事项不构成同业竞争或关联交易，也不构成《上市公司重 大资产重组管理办法》规定的重大资产重组。 二、本次合作的专业投资机构基本信息 机构名称：苏州工业园区兰璞创业投资管理合伙企业（有限合伙）（以下简 ...

Investment Rating - The report maintains an "Overweight" rating for the construction materials sector [1] Core Viewpoints - The construction materials sector is experiencing fluctuations at the bottom of the PMI index, with expectations for a gradual recovery in demand driven by government policies and market dynamics [4][16] - The report emphasizes the potential for recovery in the home decoration materials segment, particularly with the implementation of "old-for-new" subsidies and service consumption stimulus policies [4][16] Summary by Sections 1. Sector Overview - The construction materials sector has shown a slight increase of 0.18% in the past week, outperforming the Shanghai Composite Index and the Wind All A Index, which decreased by -1.08% and -0.02% respectively [4] - The report highlights that the cement market price is currently at 367.8 RMB/ton, down by 3.0 RMB/ton from the previous week and down by 6.3 RMB/ton compared to the same period last year [20][21] 2. Cement Market - The average cement inventory ratio is reported at 65.7%, an increase of 0.4 percentage points from the previous week, but down by 2.5 percentage points year-on-year [25] - The average daily cement shipment rate is 47.8%, up by 1.4 percentage points from the previous week but down by 5.3 percentage points compared to last year [25] - The report notes that the cement price is expected to stabilize or slightly rebound in the coming months due to supply-side adjustments and demand recovery [12][19] 3. Glass Fiber Market - The report indicates that the profitability of the glass fiber sector remains low, with many second and third-tier companies operating at breakeven or loss [13] - The demand for high-end products in wind power and thermoplastics is expected to continue growing, which may support profitability for leading companies [13] - The report recommends companies like China Jushi and suggests monitoring others such as Zhongcai Technology and Shandong Fiberglass [13] 4. Glass Market - The glass sector is facing weak terminal demand, with inventory levels remaining high and price pressures expected to increase as the market enters a seasonal downturn [14][15] - The report recommends Qibin Group as a leading player in the glass market, with a focus on its cost advantages and growth potential in photovoltaic glass [14] 5. Home Decoration Materials - The report highlights the positive impact of government policies aimed at boosting domestic demand and stabilizing the real estate market, which is expected to enhance the demand for home decoration materials [16] - Companies such as Beixin Building Materials and Arrow Home are recommended for their strong growth potential and market positioning [16]

"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].