SHANGFENG CEMENT(SZ:000672) Zhi Tong Cai Jing·2025-10-15 10:51Core Viewpoint - The announcement highlights that the company's wholly-owned subsidiary, Ningbo Shangrong Logistics Co., Ltd., has successfully established a joint venture investment fund, Suzhou Industrial Park Xincheng Venture Capital Partnership, which has received approval for the initial public offering of Beijing Angrui Microelectronics Technology Co., Ltd. on the Sci-Tech Innovation Board [1] Group 1 - The joint venture fund is focused on investing in the semiconductor industry, specifically in integrated circuit design [1] - Angrui Microelectronics is recognized as a national-level specialized and innovative small giant enterprise, specializing in the research, design, and sales of RF front-end chips, RF SoC chips, and other analog chips [1] - The approval for Angrui Microelectronics' IPO marks a significant milestone for the company and the investment fund [1]