of June 4, Shangfeng Cement (stock code 000672) ushered in an important moment of renaming the stock abbreviation. The company's announcement said that due to the changes in the company's business structure, asset quality and development momentum, in order to accurately match the company's strategic positioning, industrial layout and actual operation, further enhance the brand image, market recognition and industry influence, and better support the company's high-quality transformation and development to the direction of new materials and technology empowerment, The company has made corresponding changes to its name and securities abbreviation.
The company has submitted relevant applications to the Shenzhen Stock Exchange for approval and has completed the relevant industrial and commercial procedures. Since June 5, the full name of the company has been changed from "Gansu Shangfeng Cement Co., Ltd." To "Gansu Shangfeng Materials Co., Ltd.", the stock abbreviation of the company will be changed from "Shangfeng Cement" to "Shangfeng Materials", and the stock code will remain unchanged.
From the efficiency and benefit leader of the traditional building materials industry to the entrant of the emerging pillar industries, since the reorganization and listing of the company in 2013, the company has been growing steadily from the single business of cement, and has carefully constructed a new pattern of "troika" of the current building materials cornerstone, equity investment and new quality materials, showing an innovative development model of tough growth through the cycle.
The company's annual performance conference has indicated that the three businesses of Shangfeng Material will take "Shangfeng Building Material", "Shangfeng Core Material" and "Shangfeng Investment" as the platform, respectively, based on the principles of "excellent", "stable" and "fast", to clarify the business rhythm and development goals of each business. Especially in the new semiconductor packaging substrate business, Shangfeng Core Material will take Meiqi Circuit, a holding subsidiary, as the starting point, relying on the accumulation and accumulation of technology of the original team for many years, combining with the rich resource advantages of both sides in the semiconductor industry chain, quickly build the organizational ability and core team resources of advanced manufacturing, enhance the ability of technology research and development, and form a high-end product. Strive to make the new quality business better and stronger as soon as possible.
Faced with competition and challenges, Shangfeng Material is continuing to steadily open a new journey for the development of new quality productivity with a firm, steady and clear strategic determination.
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