According to Zhitong Finance App News, Shangfeng Materials (000672.SZ) released its report for the third quarter of 2026. In the first three quarters, the company achieved cumulative operating income of 2,952 billion yuan, down 17.95% from the same period last year. Net profit attributable to shareholders of listed companies was 3.312 billion yuan, an increase of 527.26% year on 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 69.43%. Basic earnings per share were $3.47.
In the first three quarters of 2026, around the “troika” strategic layout, the company promoted the development of cement building materials and industrial chain extension business, new packaging substrate business and equity investment business in an integrated manner. While the cornerstone business continued to maintain stable leading competitiveness, the new quality business and semiconductor equity investment business achieved new breakthroughs. The overall business structure reflected new changes in strategic implementation. Net profit, total assets and net assets reached a record high of 10 billion yuan for the first time.
Facing a downward environment in the cement industry where volume and prices are falling sharply and losses are high, the company insists on deepening cost reduction and efficiency, and high-margin extension businesses such as aggregates play a supporting role; the new packaging board business has completed strategic integration and entered a period of investment in technical reform and production expansion; the listing of key projects in the equity investment sector has brought about a large fair value increase, and has become the main source of profit for reporting. The sharp increase in profit in the first three quarters was mainly due to income from changes in fair value of equity investment, accounting for about 94.56% of the total net profit for the current period.