Since investing in Hefei Crystal Integration in September 2020, Shangfeng has steadily carried out equity investment in the fields of semiconductor, new energy and new materials, with a cumulative investment of over 1.7 billion yuan, especially the series of domestic alternative leaders of semiconductor investment and the rapid growth of unicorns of new energy and new materials, which bring financial benefits to the company every year. It also lays a solid foundation for the company's "two-wheel drive" in the direction of cultivating new quality industries, and the new five-year plan issued by Shangfeng also clearly defines the overall goal of promoting the development of the second growth curve business with equity investment business. At the end of April
this year, the IPO guidance publicity system of the Securities Regulatory Commission showed that Yuexin Semiconductor Technology Co., Ltd. submitted the IPO guidance record and officially launched the A-share listing process, which is the fifth semiconductor company to officially launch the listing in the peak investment enterprises this year, before which the Shanghai Super Silicon IPO guidance has passed the acceptance test. Shenghe Jingwei and Xinyaohui have entered the counseling, the fastest Onruiwei declaration for listing has been accepted, together with Hefei Jinghe, which has been listed to reduce its holdings and withdraw, nearly half of the investment targets of Shangfeng Semiconductor Industry Chain have begun to dock with the A-share market, which is the high efficiency of Shangfeng under the tight approval rhythm in recent years. The follow-up Changxin Storage and other leading semiconductor companies that have completed the share reform are also worth looking forward to.
Shangfeng's investment in new energy and new materials also kept up with the pace of the capital market, and the leading localization of target materials, Pioneer Electrical Science, was promoting the reorganization with Guangzhi Science and Technology (300489). The IPO of Zhongrun Solar, the second largest in the world in terms of cell shipments in 2024, was accepted; Kunyu Power Supply, whose market share of communication energy storage is in the global TOP5, has completed the share reform. As an important part of performance development
, Shangfeng's equity investment business continues to bring positive investment income to the company every year. Up to now, it has accumulated investment income of 530 million yuan for the company, of which a project of Hefei Jinghe has achieved a net income of 166 million yuan; the proportion of investment income contribution to net profit in 2024 is more than 20%. The company's new five-year plan shows that the company will continue to steadily strengthen the equity investment business, and use it to complement the "two-wheel drive" company growth with the building materials business chain, laying a solid foundation for the establishment of the second growth curve business in the direction of new materials.
The Company's equity investment business: