, 2026, Shangfeng Cement held a performance presentation for 2025 and the first quarter of 2026 in the form of on-site + network and teleconference. The management of the company interacted and communicated with investors on the operating results, financial indicators and company development in 2025 and the first quarter of 2026. The meeting focused on the reform and innovation practice of the company's transformation and upgrading from a single traditional building material business to a "building material cornerstone business, equity investment business, new material business" and "troika" pattern with new productivity characteristics in response to the call of the state for many years, and clarified the company's plan to change its name from "Shangfeng Cement" to "Shangfeng Cement". The company also introduced to the participating institutions the planned objectives and system guarantee arrangements for the new stage of the company's development. The company also introduced the investment return of 4.4 billion yuan of accumulated cash dividends since listing without financing from the capital market, and the profit distribution plan of not less than 500 million yuan for two dividends this year.
In 2025, under the double squeeze of shrinking demand and overcapacity, the cement market price showed a weak downward pattern throughout the year, and the total profit of the industry was at a historically low level. Faced with the severe environment of volume and price pressure, Shangfeng Cement achieved a steady and slight increase in comprehensive performance by virtue of lean cost control and efficient operation, as well as the support and hedging of industrial chain extension and equity investment business, and maintained the leading level in the industry in terms of operational efficiency indicators throughout the year.
At the same time, Shangfeng Cement deepens its strategic leadership, promotes the transformation and landing, successively establishes the specialized operation and management platforms of "Shangfeng Building Materials", "Shangfeng Core Materials" and "Shangfeng Investment", initially constructs the strategic pattern of "Troika", and forms different business orientations with different emphasis. Based on the principles of "excellence", "stability" and "speed", we will do three aspects of business.
The participating investors had in-depth exchanges with the company's management on the market situation, industry situation, capital expenditure plans of various business sectors, equity investment progress, and business planning of Meiqi Circuit, and had a comprehensive understanding of the company's comprehensive situation. The
management of the company is full of confidence in the development of the three types of business, and expresses that it will make unremitting efforts to go out of the new path of innovative development and continuous strengthening and excellence. The company will uphold the original intention of manufacturing high-quality basic materials needed by the country, society and the times, and strive to build a trustworthy and respected international material enterprise to create greater value for investors, employees and society.
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