, 2026, Ningbo Fidelity announced that Xinping Company, a holding subsidiary of the company, intends to transfer its cement clinker production line capacity indicators by public listing. In recent years, due to the decline in demand in the cement industry, intensified competition and the tightening of national environmental protection and consumption reduction policies, Xinping Company has continued to lose money.
Although in 2025, the company achieved greater loss reduction by expanding sales, reducing costs and increasing efficiency, combined with the changes in the market and policy environment since this year, Xinping Company will still face greater market uncertainty and large investment pressure in environmental protection in the future. After comprehensive evaluation, in order to maximize the value of the existing clinker production line capacity and reduce operational risks, Ningbo Fidelity decided to promote the transfer of capacity indicators. The capacity index
to be listed this time is 2000t/d, equivalent to 600,000 tons per year. The transaction price will be based on the evaluation results filed by the competent department of state-owned assets supervision and administration, and the proposed listing base price will not be lower than evaluation value of 43.8 million yuan, and the final transaction price will be determined according to the results of public listing and bidding. After deducting the transaction tax and related expenses of about 5 million yuan and the loss of disposal of fixed assets of production line of about 37.48 million yuan, the overall net income of this transaction is estimated to be about 1.32 million yuan. After the completion of the transfer of
production capacity indicators, Xinping Company will shut down and dismantle the original rotary kiln production equipment according to law, retain the existing cement grinding system, and plan to invest about 23.5 million yuan in environmental protection and energy consumption technology transformation of the grinding system, while using existing mine resources to carry out aggregate production and sales. It is understood that the limestone mine development project of Piqimo Building Stone in Yangwu Town of Xinping Company will become an important carrier of Xinping Company in the utilization of mine resources.
According to the financial report of Ningbo Fidelity in 2025, on December 27, 2023, Xinping Company won the mining right of the limestone mine for 21.33 million yuan. As of December 31, 2025, the project has completed an investment of 27.2049 million yuan, accounting for 90.68% of the estimated total investment. At present, the excavation of the benchmark bench of the mine and the construction of roads are under way, and the project is expected to complete acceptance by the end of October this year, and can formally enter the mining stage.
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