长鑫科技刚迎上市新进展，上峰水泥再投鑫华半导体，新质材料版图继续扩容

Core Viewpoint - The company has made a significant investment in the semiconductor industry by establishing partnerships and investing in leading firms, indicating a strategic focus on diversifying its business and enhancing growth potential in new material sectors [1][2]. Group 1: Investment Activities - The company announced the establishment of Guocai No. 2 Enterprise Management Co., Ltd. in partnership with China National Building Material (Anhui) New Materials Fund, contributing a total of 1.476 billion yuan to invest in Jiangsu Xinhua Semiconductor, the largest domestic producer of electronic-grade polysilicon [1]. - This investment marks the company's 19th investment in the semiconductor sector, following previous investments in major players like Changxin Storage and Hefei Jinghe [1]. - Jiangsu Xinhua Semiconductor is the only company in China capable of large-scale production of electronic-grade polysilicon, with clients covering the 12-inch advanced process integrated circuit industry and achieving exports [1]. Group 2: Strategic Planning - The company's five-year strategic plan emphasizes a dual-driven approach combining construction materials and equity investment, aiming to cultivate a new growth curve in advanced materials [2]. - The construction materials segment continues to maintain industry-leading gross margins and provides substantial returns to shareholders, while the investment segment has generated good financial returns with over 60% of invested projects either starting the IPO process or already listed [2]. Group 3: IPO Developments - The company’s investments in semiconductor firms such as Changxin Technology and Shenghe Jingwei are progressing towards IPOs, with Changxin Technology completing its IPO counseling and aiming to submit its application by late 2025 or early 2026 [2][3]. - Other companies in the semiconductor sector, including Shenghe Jingwei and Shanghai Chaogui, are also advancing in their IPO processes, contributing to a robust ecosystem in the semiconductor industry [3].