Group 1: Shareholder Structure and Support - The company benefits from a unique mixed-ownership structure, with the largest shareholder being a private enterprise focused on meticulous management and cost control [1] - The second largest shareholder is a subsidiary of a state-owned enterprise, providing global strategic vision [1] - The third largest shareholder is a provincial state-owned enterprise, contributing to the stability of the company's shareholder structure [2] Group 2: Employee Incentives - The company plans to establish five phases of employee stock ownership plans, with two phases already implemented, targeting directors, middle and senior management, and core business teams [2] Group 3: Cost Advantages - The geographical location of production lines is crucial, with rich limestone resources and favorable transportation conditions [2] - Continuous efforts in fine management and cost reduction are integral to daily operations, including energy-saving measures and production efficiency improvements [2] Group 4: Environmental Initiatives - The company currently has an annual capacity of 570,000 tons for collaborative disposal of environmental projects, with plans to exceed 1 million tons in the future [2] Group 5: Investment Plans - The company plans to invest up to 500 million RMB annually in new economic sectors, focusing on renewable energy and technology innovation [3]

Group 1: Shipping and Production - After the Spring Festival, daily shipping volume in the East China region has steadily increased, recovering to over 80% of normal levels since March, while the Southwest region has reached over 60% [1] - The Northwest region, including Ningxia, has begun to gradually increase sales [1] Group 2: Coal Procurement and Pricing - Coal procurement prices vary by region, with lower prices in the Northwest due to proximity to coal production areas, while East and Southwest regions face higher prices [2] - The company is implementing measures to stabilize production costs, including improving energy efficiency and expanding direct procurement channels [2] Group 3: Aggregate Production and Profitability - The company’s aggregate gross margin is high due to abundant and low-cost mineral resources, particularly in East China where aggregate prices are relatively high [2] - Current annual aggregate production capacity is approximately 20 million tons, with a planned target capacity of 30 million tons [2] Group 4: Market Outlook - The overall market outlook for cement demand and pricing is optimistic, with expectations for recovery compared to last year [3] - Infrastructure projects are resuming, leading to a gradual increase in cement shipping volumes, while prices are also showing a slight upward trend post-Spring Festival [3] Group 5: Environmental and Carbon Reduction Initiatives - The company aims to achieve an annual disposal capacity of 1 million tons through collaborative environmental projects at its facilities [3] - Long-term carbon reduction strategies include utilizing renewable energy sources and improving energy efficiency through various technological upgrades [3] Group 6: Investment in New Economy Sectors - The company plans to invest up to 500 million RMB annually in new economy sectors, focusing on projects related to renewable energy and technology [4] - Investment strategies emphasize strict budget control and risk management, utilizing professional investment institutions for project evaluation [4]

Group 1: Market Outlook and Demand - The company maintains an optimistic outlook for the recovery of demand in key operating areas, particularly in real estate and infrastructure projects post-pandemic [2] - The real estate sector is expected to rebound as it has hit the bottom, while infrastructure projects will drive industry demand [2] - Strict implementation of capacity reduction and peak production policies will help control supply-side issues [2] Group 2: Operational Strategies - The company is focusing on energy conservation, cost control, and optimizing the industrial chain to maintain competitive advantages [2] - Plans to increase the proportion of high-margin products and expand into the solar energy sector as part of its transformation strategy [2] - New production lines will utilize advanced technologies to improve efficiency and reduce operational costs [3] Group 3: Environmental Initiatives - The company is developing integrated photovoltaic power generation and energy storage projects to meet self-use electricity needs and promote low-carbon operations [4] - Plans to enhance waste disposal capabilities by optimizing the processing of hazardous waste and solid waste [4] Group 4: Capital Expenditure and Investment - The capital expenditure for 2023 will focus on advancing existing projects, optimizing the industrial chain, and investing in new energy and semiconductor sectors [4] - The company limits new economic equity investments to no more than 500 million yuan annually, focusing on long-term holdings [5]

编号：2015-002 证券代码：000672 证券简称：上峰水泥 甘肃上峰水泥股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|-------------------------------|---------------------------------------------------------| | | | | | | ■特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | 投资者关系活 | □ 新闻发布会 □路演活动 | | | 动类别 | □现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | 申银万国 王丝语 | \ 长江证券 李金宝 | | 及人员姓名 | 人寿资管 刘洪刚\星石投资 冯都 | | | 时间 | 2015 年 12 月 16 | 日 | | 地点 | 浙江省杭州市西湖区文二西路 | 712 号公司办公室 | | 上市公司接待 | 董事会秘书 瞿辉 | | | 人员姓名 | 证券事务代表 杨旭 | | | 投资者关系活 | | 1、目前塔吉克斯坦水泥 ...

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