Group 1 - Gansu Shangfeng Cement Co., Ltd. announced an investment of 20 million yuan in Anhui Yinen Automotive Technology Co., Ltd. through the private equity fund "Xincun Fund," marking a new development in its layout in the new economy equity investment sector [1] - The main contributor to this investment is Taizhou Shangfeng Cement Co., Ltd., a subsidiary of Shangfeng Cement, which has invested 53.2 million yuan in the Xincun Fund, holding 98.15% of the partnership share [1] - The Xincun Fund focuses on investments in the semiconductor, new energy, and related materials sectors, with the investment in Yinen Technology being its second project following an earlier investment in Jiaxing Light Dragon Optoelectronics Technology Co., Ltd. [1] Group 2 - Yinen Technology, established on August 29, 2023, specializes in the research and manufacturing of automotive thermal management systems, with a registered capital of 100 million yuan [2] - After the investment, the Xincun Fund holds 6.56% of Yinen Technology's shares, making it the fifth largest shareholder [2] - Yinen Technology has developed a competitive edge in the cooling systems for electric vehicles, with a focus on high-quality products and advanced technology [2] Group 3 - The new economy equity investment is a crucial part of Shangfeng Cement's "one main and two wings" strategy, aimed at enhancing the company's overall competitiveness [3] - Since 2020, Shangfeng Cement has adhered to the principles of precise and effective investment to hedge against cyclical fluctuations, targeting promising companies in the new economy sector [3] - The company aims to optimize asset allocation, improve capital structure, and enhance profitability through investments in high-potential enterprises like Yinen Technology [3]