上峰水泥：中证投服首次向非公企业推荐独董 构筑长期增长的治理机制

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].