The Huayuan Securities Research Report pointed out that Shangfeng Materials and Cement's main business is under pressure, and semiconductor equity investment has greatly increased profits. Net profit for the first half of the year was 1,364 billion yuan, +452.54% year-on-year; of these, net profit to mother was 1,332 billion yuan in the second quarter, or +698.01% year-on-year. The cement industry chain business is under systemic pressure. The semiconductor equity investment business ushered in a good harvest, and the IC packaging substrate business began and listed. The company has begun to invest an additional 600 million yuan in the current manufacturing base to carry out the first phase of technological upgrading and production expansion of the second phase of the new line. It is expected to become a new growth pole in the future. Considering the short-term increase in large profits brought about by the listing of Shenghe Jingwei and Changxin Technology, as well as listing expectations for subsequent projects, the company's performance forecast was raised and the “buy” rating was maintained.

The Huayuan Securities Research Report pointed out that Shangfeng Materials and Cement's main business is under pressure, and semiconductor equity investment has greatly increased profits. Net profit for the first half of the year was 1,364 billion yuan, +452.54% year-on-year; of these, net profit to mother was 1,332 billion yuan in the second quarter, or +698.01% year-on-year. The cement industry chain business is under systemic pressure. The semiconductor equity investment business ushered in a good harvest, and the IC packaging substrate business began and listed. The company has begun to invest an additional 600 million yuan in the current manufacturing base to carry out the first phase of technological upgrading and production expansion of the second phase of the new line. It is expected to become a new growth pole in the future. Considering the short-term increase in large profits brought about by the listing of Shenghe Jingwei and Changxin Technology, as well as listing expectations for subsequent projects, the company's performance forecast was raised and the “buy” rating was maintained.