According to Shangfeng Materials's announcement, from January 1 to June 30, 2026, net profit attributable to shareholders of listed companies was 1.3-1.4 billion yuan, up 426.59%-467.10% year on year; net profit after deducting non-recurring profit and loss was 150-160 million yuan, down 46.81% -43.26% year on year. The increase in performance was mainly due to investment income. The company confirmed fair value change income of about 1,150 billion yuan through Shenghe Jingwei's shares held by the fund; the building materials business was affected by weakening downstream demand, and non-net profit declined year-on-year. Remind investors to pay attention to the risk of changes in profit structure.

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