On January 24, Tongling Shangfeng Lurun 660 kW Roof Photovoltaic Project, a joint venture between Zhejiang Shangfeng Sunshine New Energy and Tongling Lurun Kaiyuan New Building Materials Co., Ltd., passed the acceptance of the local power supply company and was successfully connected to the grid. This project is also the first joint venture and cooperative construction project of Shangfeng Sunshine New Energy Industry and Commerce Distributed Photovoltaic. It is
not only Tongling Shangfeng Lurun Photovoltaic Project, but also Shangfeng Cement 's sustained efforts in photovoltaic energy storage business. Various projects have gradually landed, and have begun to play an important supporting role in empowering the main industry, reducing costs and increasing efficiency, and improving quality and consolidating the foundation. On December 19,
2023, the Tongling Shangfeng Phase II 4MW distributed photovoltaic power generation project invested by Shangfeng Sunshine New Energy Company passed the acceptance test and was successfully connected to the grid; On October 30, Inner Mongolia Shangfeng Photovoltaic Project and Guizhou Duyun Shangfeng Southwest Cement Photovoltaic Project invested by Shangfeng Sunshine New Energy Company were successfully connected to the grid, and Yingshang Shangfeng Photovoltaic Project was also completed and will soon be put into operation. The application of green and clean power continues to boost the low-carbon and high-quality development of Shangfeng.
Since the release of the "one main and two wings" strategy, Shangfeng Cement has been based on cement and "cement +", continuously extending and expanding the industrial chain, investing in new economic equity, focusing on the fields of chip semiconductor, optical storage, new energy and new materials. Not only photovoltaic, but also in the new economic equity investment, Shangfeng Cement has been steadily advancing. On December 27,
2023, Shangfeng Cement announced in the evening that two private investment funds jointly established by Ningbo Shangrong, a wholly-owned subsidiary of the company, and Suzhou Lanpu Venture Capital, a professional institution, had invested 10 million yuan in Shenzhen Fushi Technology Co., Ltd. and 70 million yuan in Taizhou Hengchuan New Energy Material Technology Co., Ltd. This equity investment is a powerful measure to implement the strategic requirements of "one main and two wings" and enhance the comprehensive competitiveness of sustainable development of enterprises. It has played a positive role in promoting the optimization and upgrading of the company's industrial structure, and continues to support the stable and sustainable development of the company. On December 15,
2023, Jiangsu Zhongrun Solar Energy Technology Co., Ltd. passed the IPO meeting on the GEM of Shenzhen Stock Exchange. In August 2022, Shangfeng Cement invested 50 million yuan in Zhongrun Solar Energy through Suzhou Puda, a private equity investment fund holding 99.69% of the shares. Up to now, Suzhou Puda holds 2.271 million shares of Zhongrun Solar Energy, with a shareholding ratio of 0.63% (before the issuance).
Shangfeng Cement said that the new economic equity investment wing has made steady efforts in accordance with the principles of strict risk control, strict quota control and strict focus selection, which has initially reflected the effectiveness of hedging the cyclical fluctuations of the main business. According to the third quarterly report
of Shangfeng Cement in 2023, in the first three quarters, the production scale of new production lines of the company continued to increase, and the sales volume of main products of cement and clinker increased by 11.89%; the "cement plus" business continued to promote the company's low-carbon and high-quality development. The
aggregate business realized revenue of RMB352 million and operating profit of approximately RMB212 million when the sales volume decreased year on year due to the impact of regional demand; the cement kiln co-processing environmental protection business realized revenue of RMB173 million and operating profit of RMB29.62 million; Photovoltaic new energy has generated 4.0854 million kilowatt-hours of electricity, equivalent to saving 1,232 tons of standard coal and reducing carbon dioxide emissions by about 3,383 tons. The first user-side energy storage power station was put into trial operation in August, and the first phase of development of the digital low-carbon new energy platform was completed. In accordance with the principles of strict risk control, strict quota control and strict focus selection, the
company's new economic equity investment wing has made steady efforts, which has initially reflected the effect of hedging the cyclical fluctuations of the main business. Among them, due to the contribution of 146 million yuan in investment income from the issuance and listing of Hefei Jinghe Integrated Project, the application for listing of Zhongrun Solar Energy has been accepted and two rounds of inquiries have been made, and other invested projects have passed the prophase work of listing guidance and acceptance. The production and sales volume of the main business
of Shangfeng Cement has maintained a steady growth, the business structure has been gradually improved and optimized, the "cement +" of "one main and two wings" and the equity investment wing have made contributions to the performance, and the overall upgrading and development has shown a good momentum.
