Group 1 - The company, Shangfeng Cement, announced the approval of the election of the vice chairman of the board and the supplementary election of members of the specialized committees of the board during its 11th board meeting [1]

Group 1 - The company Shangfeng Cement held its 11th board meeting on January 14, 2026, via telecommunication to discuss the proposal for the re-election of members of the specialized committees of the board [1] Group 2 - Haili Biological's acquisition has seen a ninefold increase in value, but the valuation has halved in eight months, raising concerns about its first major client, which is a company that has not yet been established [1]

证券代码：000672 证券简称：上峰水泥 公告编号：2026-003 甘肃上峰水泥股份有限公司 第十一届董事会第十一次会议决议公告 审计委员会：刘强（召集人）、杜健、刘宗虎。 战略与投资委员会：俞锋（召集人）、刘宗虎、王志、杜健、瞿辉。 提名委员会：杜健（召集人）、李琛、俞锋。 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"）第十一届董事会第十一次 会议于 2026 年 1 月 14 日上午 10:00 时在公司会议室以通讯表决方式召开。本次 会议通知于 2026 年 1 月 8 日以邮件和书面传递等方式送达各位董事，会议应出 席董事 9 名，实际出席董事 9 名(其中独立董事 3 名)，会议由公司董事长俞锋先 生主持。本次会议的召集、召开和表决符合《公司法》及《公司章程》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《关于选举公司第十一届董事会副董事长的议案》； 现拟选举王志先生为公司第十一届董事会副董事长，自本次会议通过之日起 至第十一届董事会届满之日（2028 年 5 月 15 日）止。（简历 ...

Group 1 - The company announced that its 11th Board of Directors held its 11th meeting on January 14, 2026, where two resolutions were approved [1] - The first resolution elected Wang Zhi as the Vice Chairman of the 11th Board of Directors, with a term ending on May 15, 2028 [1] - The second resolution re-elected Wang Zhi as a member of the Board's Strategy and Investment Committee and the Compensation and Assessment Committee, with both resolutions receiving unanimous approval of 9 votes in favor, 0 against, and 0 abstentions [1]

Market Overview - The cement sector experienced a decline of 0.45% on January 13, with Sichuan Jinding leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Individual Stock Performance - Notable gainers included: - Qianou Group (601992) with a closing price of 2.13, up 9.79% and a trading volume of 1.84 million shares, totaling 392 million yuan [1] - Jinyu Cement (000401) closed at 4.62, up 1.09% with a trading volume of 170,600 shares, totaling 78.55 million yuan [1] - Major decliners included: - Sichuan Jinding (600678) with a closing price of 13.72, down 9.97% and a trading volume of 914,500 shares, totaling 1.274 billion yuan [2] - Shangfeng Cement (000672) closed at 12.73, down 5.56% with a trading volume of 289,300 shares, totaling 375 million yuan [2] Capital Flow Analysis - The cement sector saw a net outflow of 384 million yuan from institutional investors, while retail investors contributed a net inflow of 365 million yuan [2] - The table of capital flow indicates that: - Qianou Group had a net inflow of 604.26 million yuan from retail investors, but a net outflow of 8.67 million yuan from institutional investors [3] - Sichuan Jinding experienced a significant net outflow of 866.87 million yuan from institutional investors [3]

Group 1 - The cement sector experienced a slight increase of 0.35% on January 12, with Jinju Group leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up by 1.09%, while the Shenzhen Component Index closed at 14366.91, up by 1.75% [1] - Key stocks in the cement sector showed varied performance, with Jin阳重列 rising by 10.23% and 四川金顶 increasing by 7.10% [1] Group 2 - The cement sector saw a net inflow of 363 million yuan from main funds, while retail investors experienced a net outflow of 54.14 million yuan [2] - Major stocks like 四川金顶 and 金隅集团 had significant net inflows from main funds, with 四川金顶 receiving 2.40 billion yuan [3] - Conversely, retail investors withdrew funds from several stocks, including 金隅集团 and 上峰水泥, indicating a shift in investor sentiment [3]

Investment Rating - The report maintains an "Overweight" rating for the construction and engineering sector and the building materials sector [9] Core Insights - The construction activity indicators have shown significant improvement at the beginning of 2026, with increased operating rates for cement mills and concrete mixing stations, alongside a rise in building steel sales [12][20] - The commercial aerospace sector is expected to see a surge in demand for high-temperature materials and perovskite materials due to the acceleration of satellite launches [12][13] - The report suggests a balanced investment strategy between emerging industries and traditional sectors in Q1 2026, with a focus on companies like Jinggong Steel Structure, Sichuan Road and Bridge, and China Nuclear Engineering [12][10] Summary by Sections Construction and Engineering - The construction sector is benefiting from improved PMI indicators and government policies aimed at boosting domestic demand, with a focus on steel structures and fiberglass [12][13] - Key metrics include a national cement mill operating rate of 36.6%, up 6.6 percentage points month-on-month and 14.1 percentage points year-on-year [12] Building Materials - The report highlights a slight decrease in national cement prices by 0.1% to 358 CNY per ton, with a 38.7% shipment rate [20] - The average price of float glass is reported at 60 CNY per weight box, showing a week-on-week increase of 0.2% [21] Recommended Companies - The report recommends several companies for investment, including: - China National Materials (600970 CH) with a target price of 14.23 CNY and a "Buy" rating [10] - Sichuan Road and Bridge (600039 CH) with a target price of 13.48 CNY and a "Buy" rating [10] - Jinggong Steel Structure (600496 CH) with a target price of 5.75 CNY and a "Buy" rating [10] - Other recommended companies include China Glass (600176 CH), Oriental Yuhong (002271 CH), and Huaneng Renewables (600552 CH) [10][31]

Group 1 - The cement sector experienced a decline of 0.5% on January 9, with Sanhe Pile leading the drop [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] - Key stocks in the cement sector showed varied performance, with Sifang New Material rising by 1.42% and Sanhe Pile falling by 5.78% [1][2] Group 2 - The cement sector saw a net outflow of 175 million yuan from major funds, while retail investors contributed a net inflow of 218 million yuan [2] - Major funds showed a negative net flow in several stocks, including Conch Cement with a net outflow of 29.21 million yuan [3] - Retail investors had a positive net flow in stocks like Tapa Group, indicating differing investor sentiment across the sector [3]

Meeting Overview - The meeting was held on January 7, 2026, at 14:30 in Hangzhou, Zhejiang Province, with both on-site and online voting options available [4][5]. - The meeting was convened by the 11th Board of Directors of Gansu Shanfeng Cement Co., Ltd. [5]. - The meeting was legally valid and complied with relevant laws and regulations [6]. Attendance - A total of 279 shareholders attended the meeting, representing 576,235,568 shares, which is 60.4396% of the total voting shares [7]. - Among them, 3 shareholders attended in person, representing 543,242,933 shares (56.9791%), while 276 participated via online voting, representing 32,992,635 shares (3.4605%) [7]. Voting Results - The proposal to elect a new director was approved with 575,989,668 votes in favor, accounting for 99.9573% of the valid votes cast [9]. - The minority shareholders voted with 32,746,735 shares in favor, representing 99.2547% of the minority shareholders' valid votes [10]. Legal Opinion - The meeting was witnessed by lawyers from Guohao Law Firm (Hangzhou), who confirmed that the meeting's procedures and voting results were in compliance with applicable laws and regulations [12]. Documents for Reference - The resolutions from the 2026 First Extraordinary General Meeting and the legal opinion from Guohao Law Firm (Hangzhou) are available for review [13].

（文章来源：证券日报） 证券日报网讯 1月7日，上峰水泥发布公告称，公司2026年第一次临时股东会审议通过《关于补选公司 董事的议案》。 ...