Shangfeng Materials first-half net profit 1.364 billion yuan, equity investment contributed over 1.1 billion yuan

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Summary · why it matters

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.

Impact on assets 3

Others▲ · 3 stocks
Gansu Shangfeng Cement Co Ltd
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▲ PositiveCapitalrelevance

Shangfeng Materials reported strong first-half net profit of 1.364 billion yuan, with equity investment gains boosting results.

SJ Semiconductor Corp
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▲ PositiveCapitalrelevance

Listing of SJSemi contributed over 1.1 billion yuan to Shangfeng's profit via fair value changes.

CXMT Corporation
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▲ PositiveCapitalrelevance

CXMT's listing on the STAR Market is expected to add gains to Shangfeng's profit, though not yet included in the report.

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