Shangfeng Materials (000672.SZ) announced first-half results, with net profit of 1,364 billion yuan to mother, an increase of 452.54% over the previous year

Zhitong Finance App News, Shangfeng Materials (000672.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 1,839 billion yuan, a year-on-year decrease of 19.09%. Achieved net profit attributable to shareholders of listed companies of 1,364 billion yuan, an increase of 452.54% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 151 million yuan, a year-on-year decrease of 46.54%. Basic earnings per share were $1.44.

The sharp increase in current profit was mainly due to income from changes in fair value of equity investment. The main cement industry was affected by the downturn in the industry, and operating profit contracted markedly. The company's comprehensive gross profit margin was 25.84% during the reporting period, and the net interest rate on sales and return on net assets were at a high level in the industry. At the same time, the company's operating cash flow performance was stable, and the balance ratio remained within a reasonable range; resource reserves such as its own mines, mature production capacity, and supporting logistics provided some support for the company to cope with fluctuations in the industry cycle.