Gansu Shangfeng Cement Co Ltd

On the evening of August 23, multiple A-share companies released impressive first-half reports, with earnings doubling or even growing several times over. Wankai New Materials achieved first-half operating revenue of 9.652 billion yuan, up 17.52 percent year on year, and net profit attributable to shareholders of 562 million yuan, surging 910.09 percent. China Tungsten and Hightech Materials posted first-half operating revenue of 16.385 billion yuan, up 108.51 percent, with net profit attributable to shareholders of 2.076 billion yuan, rising 280.53 percent. Yuegui Co. reported first-half operating revenue of 2.343 billion yuan, up 72.37 percent, and net profit attributable to shareholders of 663 million yuan, up 182.76 percent. In addition, Vanadium Titanium Resources and Zhiguang Electric successfully turned losses into profits, while net profit at Shangfeng Materials, Oriental Energy, and Dymatic Chemicals more than doubled. As of the evening of August 23, more than 1,700 A-share companies had completed their first-half report disclosures, with 60 percent reporting year-on-year net profit growth and 18.8 percent achieving a doubling of net profit.

Shangfeng Materials released its semi-annual report for 2026, with net profit attributable to shareholders of the listed company reaching 1.364 billion yuan, a year-on-year increase of 452.54%. The company achieved operating revenue of 1.839 billion yuan in the same period, a year-on-year decrease of 19.09%.

Shangfeng Materials released its 2026 semi-annual report, with net profit attributable to shareholders of the listed company reaching 1.364 billion yuan, a substantial year-on-year increase. Against a backdrop of overall pressure on the cement industry, national output falling to a seventeen-year low, and roughly sixty percent of the industry operating at a loss, the company maintained a comprehensive gross margin of 25.84 percent, with multiple profitability indicators remaining in the industry's top tier. In the first half, the listing of SJSemi had an impact on fair value changes and contributed more than 1.1 billion yuan to company profit, and the semi-annual report has not yet included gains from the company's holding of 91.1531 million shares of CXMT following its listing on the STAR Market. The company also introduced a semi-annual cash dividend plan, proposing a cash dividend of 1.57 yuan per ten shares including tax, totaling nearly 150 million yuan in dividends including tax.