上峰水泥拟5000万元参投鑫华半导体

Core Viewpoint - Gansu Shangfeng Cement Co., Ltd. has announced a strategic investment in Jiangsu Xinhua Semiconductor Technology Co., Ltd., the largest producer of electronic-grade polysilicon in China, through its wholly-owned subsidiary Ningbo Shangrong Logistics Co., Ltd. [1] Investment Details - The total subscribed capital for the partnership enterprise "Guocai No. 3" amounts to 1.476 billion yuan, with Ningbo Shangrong contributing 50 million yuan, representing a 3.39% stake. Following this investment, Guocai No. 3 will become the largest shareholder of Xinhua Semiconductor [1]. - This investment marks the 19th semiconductor enterprise investment by Shangfeng Cement, following significant investments in leading companies such as Changxin Technology Group and Hefei Jinghe Integrated Circuit Co., Ltd. [2] Industry Context - The semiconductor industry is a key area supported by national strategy, with growing market demand, particularly for critical materials like electronic-grade polysilicon, where domestic self-sufficiency has significant room for improvement [2]. - Shangfeng Cement's investment strategy is part of its five-year plan to drive growth through a dual approach of traditional building materials and equity investment, aiming to create a new growth curve in advanced materials [3]. Financial Performance - The cement business continues to maintain industry-leading gross margins, providing substantial returns to shareholders, while the investment business has also yielded good financial returns, exemplified by a net gain of 166 million yuan from the listing reduction of a single project [3].