No more than 49.8 million yuan! Shangfeng Cement purchases raw materials, leases assets and sells commodities from Nanfang Cement.

2026-01-28 14:35:02

The wholly-owned subsidiary of the Company intends to purchase raw materials, lease assets and sell commodities from Southern Cement Co., Ltd., a 5% shareholder of the Company, and its affiliated companies due to production and operation needs. Among them, it is estimated that the daily related transactions of the Company's purchase of raw materials from Southern Cement and its affiliated companies in 2026 will not exceed 49.8 million yuan. The actual amount of similar transactions in 2025 was RMB 34,798,800.

On January 27, Shangfeng Cement issued an announcement on the forecast of daily related transactions in 2026.

1. Due to the needs of production and operation, the wholly-owned subsidiary of the company intends to purchase raw materials, lease assets and sell commodities from more than 5% shareholders of the company, Southern Cement Co., Ltd. and its affiliated companies. It is estimated that in 2026, the daily related transactions of raw materials purchased by the Company from Southern Cement and its subsidiaries will not exceed 49.8 million yuan, and the actual amount of similar transactions in 2025 will be 34.7988 million yuan.

It is estimated that the daily related transaction amount of the assets leased by the company from Southern Cement and its affiliated companies in 2026 will not exceed 66,000 yuan, and the actual amount of similar transactions in 2025 will be 40,300 yuan.

It is estimated that the daily related transaction amount of goods sold by the company to Southern Cement and its affiliated companies in 2026 will not exceed 600,000 yuan, and the actual amount of similar transactions in 2025 will be 146,300 yuan.

2. Due to the needs of production and operation, the wholly-owned subsidiary of the company intends to purchase raw materials from Tongling Nonferrous Metals Group Holding Co., Ltd. and its affiliated companies, which are more than 5% shareholders of the company. It is estimated that the daily related transactions of purchasing raw materials from Tongling Nonferrous Metals and its affiliated companies in 2026 will not exceed 3.24 million yuan, and the actual amount of similar transactions in 2025 will be 2.4445 million yuan.

3. In order to promote business synergy, give full play to the advantages of all parties and strengthen channels and business layout, the company's wholly-owned subsidiary intends to sign the Trusteeship Agreement with Anhui Huijiu Pipe Industry Co., Ltd., a wholly-owned subsidiary of Zhejiang Shangfeng Holding Group Co., Ltd. Huijiu Pipe Industry entrusts its daily operation and management rights to Zhejiang Shangfeng Building Material Operation Management Co., Ltd., a wholly-owned subsidiary of the company. The trusteeship fee is calculated by 30% of the annual net profit attributable to shareholders of Huijiu Pipe Industry, and less than 300000 yuan is charged by 300000 yuan.

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Correlation

The wholly-owned subsidiary of the Company intends to purchase raw materials, lease assets and sell commodities from Southern Cement Co., Ltd., a 5% shareholder of the Company, and its affiliated companies due to production and operation needs. Among them, it is estimated that the daily related transactions of the Company's purchase of raw materials from Southern Cement and its affiliated companies in 2026 will not exceed 49.8 million yuan. The actual amount of similar transactions in 2025 was RMB 34,798,800.

2026-01-28 14:35:02

From February 9, 2026 to February 15, 2026, Anhui Province has the highest rate of opening cement kilns, with the rate of 67.86%. Kiln opening rate of 50% and above: 65.52% in Zhejiang Province and 52.38% in Hainan Province.