证券之星消息，12月30日水泥板块较上一交易日下跌0.79%，四方新材领跌。当日上证指数报收于 3965.12，下跌0.0%。深证成指报收于13604.07，上涨0.49%。水泥板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600678 | 四川金顶 | 13.41 | 4.85% | 88.10万 | 11.72亿 | | 002233 | 塔牌集团 | 9.05 | 1.46% | 13.54万 | · 1.23亿 | | 000672 | 上峰水泥 | 11.81 | 1.37% | 16.15万 | 1.90亿 | | 600801 | 华新建材 | 24.44 | 1.24% | 1 9.76万 | 2.39亿 | | 002205 | 国统股份 | 14.56 | 0.48% | 15.36万 | 2.23亿 | | 600326 | 西藏天路 | 11.08 | -0.27% | 28.09万 | 3.11亿 | | 600802 | 福建水泥 | 6.85 ...

东莞证券研报指出，上峰水泥水泥建材主业虽然受行业周期影响，但凭借其优化的区域布局和极致的成 本控制，其毛利率、净资产收益率等核心盈利指标常年位居行业前列，构成公司稳固的业绩及现金流基 础。而新经济股权投资组合已进入收获期，未来几年有望持续贡献可观利润，对冲主业周期性风险。与 此同时，"新质材料"业务的布局也为公司打开了超越水泥行业的长期成长天花板，有助于公司整体估值 的提升。公司坚持持续稳定的高分红政策，2024年分红率高达95.73%，未来两年也承诺保持高分红比 例。在低利率环境下，整体股息率具备吸引力，也彰显了公司对股东回报的高度重视和经营信心。预测 公司2025年—2027年EPS分别为0.72元、0.87元和0.92元，对应当前股价PE分别为16.56倍、13.8倍及13 倍。看好公司持续发展壮大，首次覆盖，给予"增持"评级。 ...

从券商推荐家数来看，12月29日有27家上市公司得到券商推荐，其中海澜之家、华创云信、桂冠电力等 获得1家推荐。 首次覆盖方面，12月29日券商共给出了8次首次覆盖，其中上峰水泥获得东莞证券给予"增持"评级，爱 旭股份获得开源证券给予"增持"评级，利柏特、珠海冠宇获得国盛证券给予"买入"评级，百龙创园获得 华泰证券给予"买入"评级。 南财投研通数据显示，12月29日，券商给予上市公司目标价共11次，按最新收盘价计算，目标价涨幅排 名居前的公司有晶品特装、环旭电子、安克创新，目标价涨幅分别为43.02%、35.06%、30.02%，分别 属于军工电子、消费电子行业。 | | | 8家最新被首次覆盖的公司 | | | | --- | --- | --- | --- | --- | | 证券代码 | 证券名称 | 机构 | 最新评级 | 行业 | | 000672 | 上峰水泥 | 东莞证券 | 増持 | 水泥 | | 600732 | 爱相股份 | 开源证券 | 增持 | 光伏设备 | | 605167 | 利柏特 | 国盛证券 | 买人 | 专业工程 | | 688772 | 珠海冠宇 | 国盛证券 | 求人 ...

Investment Rating - The report assigns an "Accumulate" rating for the first time [2]. Core Insights - The company is driven by dual engines of "building materials" and "new economic investments," indicating a promising future [4][36]. - The cement business remains robust, with industry-leading profitability metrics, providing a solid performance foundation [4][13]. - The company has entered a harvest phase for its equity investments, particularly in semiconductor, new energy, and new materials sectors, which are expected to mitigate cyclical risks and foster new growth engines [30][36]. - The company has shown a significant recovery in performance, with net profit for the first three quarters of 2025 reaching 5.51 billion, a year-on-year increase of 45.9% [37]. - The company maintains a generous dividend policy, with a commitment to distribute at least 35% of net profit as cash dividends, translating to a dividend yield of approximately 3.47% based on current market capitalization [42]. Summary by Sections Company Overview - Gansu Shafeng Cement Co., Ltd. primarily engages in the production and sale of cement and related building materials, with a focus on optimizing resources and expanding into related industries [11]. Cement Business Stability and Profitability - The traditional cement business, despite facing industry cycles, has maintained high gross margins and return on equity (ROE), positioning the company favorably within the industry [4][13]. - In 2024, cement and related materials accounted for 96.72% of total revenue, with cement alone contributing 70.55% [13]. Equity Investment Harvest Phase - The company has strategically invested over 1.7 billion in key technology sectors, with equity investments contributing approximately 31% to net profit in the first three quarters of 2025 [30][36]. Performance Recovery - The company reported a net profit of 5.51 billion for the first three quarters of 2025, marking a significant recovery from previous years [37]. Generous Dividend Policy - The company has a history of consistent dividend payouts, with a planned minimum cash dividend of 4 billion annually for 2025-2026, reflecting a strong commitment to shareholder returns [42]. Investment Outlook - The report forecasts earnings per share (EPS) of 0.72, 0.87, and 0.92 for 2025, 2026, and 2027 respectively, indicating a positive growth trajectory [43].

Investment Rating - The report assigns an "Accumulate" rating for the company for the first time [2]. Core Viewpoints - The company is driven by dual engines of "building materials" and "new economy investments," showing promising growth potential [4][36]. - The cement business remains robust with industry-leading profitability, supported by optimized regional layouts and refined operations [4][13]. - The company has entered a harvest period for equity investments, particularly in semiconductor, new energy, and new materials sectors, which are expected to mitigate cyclical risks of the main business [4][30]. - The company has a strong commitment to dividends, with a planned cash dividend of no less than 35% of net profit for 2025-2026, translating to a dividend yield of approximately 3.47% based on current market capitalization [4][42]. Summary by Sections Company Overview - Gansu Shangfeng Cement Co., Ltd. primarily engages in the production and sale of cement and related building materials, with a focus on optimizing resources and expanding into new economic sectors [11]. Cement Business Stability and Profitability - The cement business accounts for 96.72% of revenue, with cement sales contributing 70.55% and clinker sales 16.88% [13]. - The company maintains a leading position in key profitability metrics such as gross margin and return on equity (ROE) [23][29]. - Despite a decline in cement production and sales, the company achieved a net profit of 5.51 billion and a net profit attributable to shareholders of 5.28 billion for the first three quarters of 2025, reflecting year-on-year increases of 45.9% and 30.56% respectively [4][37]. Equity Investment Harvest Period - The company has invested over 1.7 billion in equity investments, contributing approximately 31% to net profit in the first three quarters of 2025 [30][35]. - The strategic focus on sectors supported by national policies is expected to create new growth engines [30]. Performance Recovery - The company reported a total revenue of 54.48 billion for 2024, a decrease of 14.83% year-on-year, but the decline has narrowed in 2025 [37]. - The operating cash flow reached 7.55 billion, indicating a 2.34% year-on-year increase, with a low debt ratio of 42.65% [38]. Generous Dividends and Investor Returns - The company has consistently returned value to shareholders, with a dividend payout ratio of 95.73% in 2024 [42]. - Future dividend plans include a minimum of 4 billion in cash dividends annually, reinforcing the company's commitment to shareholder returns [42]. Summary and Investment Recommendations - The company is well-positioned for sustainable growth, with a strong foundation in its cement business and promising prospects in new economic sectors [43]. - Earnings per share (EPS) are projected to be 0.72, 0.87, and 0.92 for 2025-2027, with corresponding price-to-earnings (PE) ratios of 16.56, 13.8, and 13 [43].

中经记者 孙汝祥 夏欣 北京报道 2025年12月29日，鑫铂股份（003038.SZ）将召开临时股东会。此前，中证中小投资者服务中心有限责 任公司（以下简称"投服中心"）已公开提名独立董事候选人，并就独立董事选任议案向全体股东公开征 集投票权。 南网储能（600995.SH）2025年12月22日发布的公告显示，投服中心公开提名独立董事议案，已获股东 会通过。 截至目前，投服中心共四次以制度化方式介入上市公司独立董事选任程序。分别是2024年6月的第一医 药（600833.SH），2025年4月的上峰水泥（000672.SZ），2025年12月的南网储能和鑫铂股份。 专业人士评价，上述四次实践横跨不同板块、不同所有制、不同治理基础的上市公司，这表明投资者保 护机构，正从资本市场的"外围支持者"走向公司治理结构中的"前台参与者"。 与此同时，业内专家对《中国经营报》记者表示，由投服中心公开提名独董并征集表决权以采取一致行 动，让具备行业经验的独董真正成为中小投资者代言人，有助于破解中小股东话语权薄弱问题，有利于 从源头上提升投资者权益保护效能。 2025年12月22日，投服中心提名的独董候选人张粒子，在南网储 ...

证券之星消息，12月26日水泥板块较上一交易日下跌0.49%，四川金顶领跌。当日上证指数报收于 3963.68，上涨0.1%。深证成指报收于13603.89，上涨0.54%。水泥板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002596 | 烘脂屋與 | 5.94 | 2.59% | 304.61万 | | 18.50亿 | | 003037 | 三和营桩 | 8.00 | 2.17% | 15.13万 | | 1.20亿 | | 601992 | 全隅集团 | 1.68 | 0.60% | 61.35万 | | 1.03亿 | | 603616 | 韩建河山 | 5.20 | 0.39% | 9.33万 | | 4854.79万 | | 600801 | 华新建材 | 24.44 | 0.37% | 6.63万 | | 1.62亿 | | 000672 | 上峰水泥 | 11.97 | 0.00% | 16.83万 | | 2.01亿 | | 60512 ...

证券代码：000672 证券简称：上峰水泥 公告编号：2025-083 甘肃上峰水泥股份有限公司 关于第二期员工持股计划出售完毕暨终止的公告 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。 甘肃上峰水泥股份有限公司（以下简称"公司"）第二期员工持股计划（以下 简称"第二期员工持股计划"）存续期即将届满，截至 2025 年 12 月 24 日第二期 员工持股计划所持有的公司股份已全部出售完毕。根据《关于上市公司实施员工 持股计划试点的指导意见》及《深圳证券交易所上市公司自律监管指引第 1 号 ——主板上市公司规范运作》等相关规定，公司第二期员工持股计划实施完毕并 终止。现将第二期员工持股计划相关情况公告如下： 一、第二期员工持股计划的基本情况 1、2022 年 4 月 25 日，公司收到中国证券登记结算有限责任公司深圳分公 司下发的《证券过户登记确认书》，公司回购专用证券账户所持有的 5,765,600 股公司股票已于 2022 年 4 月 22 日全部以非交易过户形式过户至甘肃上峰水泥股 份有限公司-第二期员工持股计划账户。具体内容详见 2022 年 4 月 ...

上峰水泥公告称，截至2025年12月24日，公司第二期员工持股计划所持691.872万股公司股份已全部出 售，占公司总股本的0.71%。该计划于2022年4月22日获576.56万股非交易过户股票，经2021年度权益分 派后持股增至691.872万股。原存续期为36个月，2025年3月31日公司决定将其延长1年至2026年4月22 日。现计划已终止，公司将按规定完成资产清算和收益分配。 ...

格隆汇12月24日丨上峰水泥(000672.SZ)公布，第二期员工持股计划所持有的6,918,720股（含2021年度 权益分派增加的1,153,120股）公司股份已于2025年5月27日至2025年12月24日期间通过集中竞价交易方 式全部出售完毕，出售股份数量占目前公司总股本的0.71%。股份出售已严格遵守市场交易规则及中国 证监会关于信息敏感期不得买卖股票的规定，未利用内幕信息进行交易。 ...