Core Viewpoint - The company, Shangfeng Cement, announced an investment of 50 million yuan in Guangzhou Newray Photomask Technology Co., Ltd., focusing on the semiconductor sector, which aligns with its strategy in new economy sectors such as semiconductors, new energy, and new materials [1] Investment Details - The investment in Guangzhou Newray Photomask is the third project funded by the Newcun Fund, which was established in partnership with Suzhou Industrial Park Lanpu Venture Capital Management [1] - The Newcun Fund has previously invested a total of 50 million yuan in two projects: Jiaxing Light Dragon Optoelectronics Technology Co., Ltd. and Anhui Yinen Automotive Technology Co., Ltd. [1] Financial Performance - In the first quarter of 2025, the company reported a revenue of 951 million yuan, representing a year-on-year increase of 4.64% [1] - The net profit attributable to the parent company was 79.93 million yuan, showing a significant year-on-year growth of 447.61% [1]

Investment Activities - The company has made a new investment in the semiconductor sector by investing 50 million yuan in Guangzhou New Sharp Photomask Technology Co., Ltd. through its subsidiary Taizhou Shangfeng [1] - This investment aligns with the company's focus on new economic sectors such as semiconductors, new energy, and new materials, and is not expected to adversely affect its financial and operational status [1] - The company has invested a total of 500 million yuan in two previous projects, namely Jiaxing Light Dragon Optoelectronics Technology Co., Ltd. and Anhui Yinen Automotive Technology Co., Ltd. [1] Financial Performance - In the fiscal year 2024, 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 company has successfully completed the investment, listing, and exit process for the Crystal Integration project, yielding a profit of 166 million yuan [2] IPO Progress - The company is advancing multiple investment projects towards IPO, including Shanghai Super Silicon, which has received acceptance for its application to list on the Sci-Tech Innovation Board [3] - Other companies in which the company has invested, such as Angrui Micro and Zhongrun Guangneng, have also had their IPO applications accepted [3] - The company has adjusted its five-year strategic plan to focus on a dual-driven model of "main business in the building materials industry" and "new economic investment chain" [3] Revenue and Profit Growth - 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, reflecting a significant year-on-year growth of 447.61% [4] - The average selling price of cement products has increased compared to the same period last year, contributing to the overall revenue growth [4] - The company has achieved a reduction in manufacturing costs and an increase in comprehensive gross margin due to its strategies of increasing revenue, reducing costs, controlling expenses, and enhancing efficiency [4]

Investment 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]