On the evening of March 22nd, Shangfeng cement (000672.SZ) once again announced the layout of the semiconductor industry, the company announced that it plans to invest 200 million yuan to set up a private equity fund Hefei Natural Integrated Circuit Equity Investment Partnership with Lanpu Venture Capital of Suzhou Industrial Park, with a special investment in Guangzhou Yuexin Semiconductor Technology Co., Ltd.
Shangfeng cement related sources told the Financial Associated Press that this investment is a financial investment of the company. Although the amount is small, Shangfeng cement continues to invest in the new economy. In the future, the company hopes to continue to enhance the company's comprehensive competitiveness by investing in new economic areas such as the semiconductor industry.
According to a reporter from the Financial Associated Press, Guangzhou Yuexin Semiconductor Technology Co., Ltd., in which Shangfeng cement and Lanpu Venture Capital set up a private equity fund to invest, is the first 12-inch chip manufacturing company in China with "customized OEM" as its operating strategy. it has the first 12-inch chip production line in Guangzhou, and it is also the only 12-inch chip production platform for Guangdong Province and Guangdong-Hong Kong-Macau Greater Bay Area to enter mass production. Products include microprocessors, power management chips, analog chips, power discrete devices, etc., to meet the needs of analog chips in innovative applications such as the Internet of things, automotive electronics, artificial intelligence, 5G and so on.
This investment is also the third time that Shangfeng cement has invested in the new economic field after investing in Hefei Crystal Integration and Zhejiang Shuowei track. Hefei Crystal Integration, which was invested in Shangfeng cement before, now has the first market share of drive chips in the world.
In addition, a reporter from the Financial Associated Press noted that in April 2020, Shangfeng cement issued a medium-and long-term development plan and formulated a "one main and two wings" development path map of "cement building materials + aggregate environmental protection + investment". In terms of the main cement industry, Shangfeng cement previously cooperated to build a 4500T/D new dry process cement clinker production line in Ciwu Town, Zhuji City, East China, and Synchronize implemented supporting projects such as coordinated disposal of cement kilns. The Dushan clinker line project in southern Guizhou has been successfully put into operation, and the adjacent northern Guangxi du'an new project is under construction. In addition, the company bought an 85 per cent stake in Songta cement for 112 million yuan in February.
With the rapid development of the main industry and the "efficient + standard" characteristics of mixed ownership, the rate of return on net assets of Shangfeng cement has exceeded 40% for three consecutive years.
However, last year's quarterly report showed that in the first three quarters of 2020, Shangfeng cement revenue was 1.577 billion yuan, down 6.74% from the same period last year, and net profit was 505 million yuan, down 14.41% from the same period last year.
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