SHANGFENG CEMENT(SZ:000672) 智通财经网·2025-11-05 11:53Core Viewpoint - The company is expanding its operations in the East China market by establishing a new joint venture, Ningbo Shangfeng Cement Co., Ltd., to enhance its production capacity and regional economic development [1][2] Group 1: Joint Venture Establishment - The company, through its wholly-owned subsidiary Zhejiang Shangfeng Building Materials Co., Ltd., is partnering with Ningbo Economic and Technological Development Zone Kaisheng Investment Co., Ltd. to set up Ningbo Shangfeng Cement with a registered capital of 20 million yuan [1] - The ownership structure of the joint venture will be 51% held by Shangfeng Building Materials and 49% by Ningbo Kaisheng [1] Group 2: Project Investment and Capital Increase - To support the project, the company and its partner plan to increase the registered capital of Ningbo Shangfeng by 40 million yuan, raising it from 20 million yuan to 60 million yuan [2] - The additional funds will be used for technical upgrades at the Yongxin Port and for acquiring production capacity indicators and related assets from Ningbo Daxie Wanhua Thermal Power Building Materials Co., Ltd., totaling approximately 72.03 million yuan [2] Group 3: Strategic Benefits - The project aims to leverage the existing port resources and enhance market competitiveness by engaging in trade of cement, mineral powder, fly ash, and coal [2] - This initiative is expected to improve asset efficiency, strengthen the company's brand image, and lay a solid market foundation for future cement grinding projects, aligning with the company's strategic development plan [2]