SHANGFENG CEMENT(SZ:000672) Zheng Quan Shi Bao Wang·2025-08-07 11:29Investment Activities - The company has made a new investment in the semiconductor sector by investing 50 million yuan in Guangzhou New Wave Photomask Technology Co., Ltd. through its subsidiary Taizhou Shangfeng [1] - The company has established a private equity investment fund, New Storage Fund, focusing on semiconductor, new energy, and related materials, with previous investments totaling 50 million yuan in two projects [1] - The company has invested in 24 projects in recent years, with a cumulative investment exceeding 1.7 billion yuan, creating a complementary investment segment to its core building materials business [1] Financial Performance - In the 2024 fiscal year, the net profit contribution from equity investment business reached 22.6%, with cumulative profits from equity investments amounting to 530 million yuan over five years [2] - The Crystal Integrated Project has completed its investment, listing, and exit steps, yielding an investment return of 166 million yuan [2] IPO Progress - The company has several investment projects progressing towards IPO, including Shanghai Super Silicon, which has received acceptance for its IPO application on the Sci-Tech Innovation Board [3] - Other companies such as Angrui Micro and Zhongrun Guangneng have also had their IPO applications accepted, while several others are in the listing guidance phase [3] - The company has adjusted its five-year strategic plan to focus on a dual-driven model of "core building materials industry chain" and "new economic investment chain" [3] Recent Financial Results - In Q1 2025, the company reported revenue of 951 million yuan, a year-on-year increase of 4.64%, and a net profit of 79.93 million yuan, up 447.61% year-on-year [4] - The average selling price of cement products increased compared to the previous year, contributing to overall revenue growth [4] - The company achieved a reduction in manufacturing costs, with total operating costs decreasing by 2.16%, leading to an improvement in overall gross margin [4]