Equity income is 1.213 billion yuan! The net profit of Shangfeng Materials increased by 452.54% in the first half of the year.

23, Gansu Shangfeng Material Co., Ltd. (Stock Code: 000672, hereinafter referred to as "Shangfeng Material") released its semi-annual report for 2026. In the first half of the year, the Company realized operating income of RMB1.839 billion, representing a year-on-year decrease of 19.09%; net profit attributable to parent company of RMB1.364 billion, representing a year-on-year increase of 452.54%; net profit after deduction of non-profits of RMB151 million, representing a year-on-year decrease of 46.54%. In the context of the continuous downward demand in the cement industry, the company's profit side has increased substantially against the trend, and the performance structure has changed significantly.

Especially, the company's new semiconductor economic equity investment has entered the stage of centralized cash, which is also the core of the company's transformation from traditional building materials to multi-material enterprises. The semi-annual report shows that the company confirms the fair value change income of 1.213 billion yuan through the target equity of Shenghe Jingwei held by the fund, accounting for about 88.93% of the net profit attributable to the shareholders of the listed company in the current period; at the same time, the company plans to implement the interim cash dividend of nearly 150 million yuan. The release of investment income and the increase of shareholder returns have become the core highlights of this semi-annual report.