Gansu Shangfeng Cement Co., Ltd. (000672.SZ) announced that Yuexin Semiconductor Technology Co., Ltd. ("Yuexin Semiconductor"), in which the company indirectly holds approximately 1.4957% stake prior to the IPO, has had its application for an initial public offering and listing on the ChiNext board accepted by the Shenzhen Stock Exchange on December 19, 2025.
The investment was made through three private equity funds - Shanghai Xinpran Venture Capital Partnership (Limited Partnership), Suzhou Jingpu Venture Capital Partnership (Limited Partnership), and Suzhou Industrial Park Chuxin Venture Capital Partnership (Limited Partnership). These funds were jointly established by the company's wholly-owned subsidiary Ningbo Shangrong Logistics Co., Ltd. with professional institutions.
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