TacticScaleWhat Gansu Shangfeng Materials (上峰材料) Does & How It Makes Money (000672.SZ)
Updated October 2026 · reflects Gansu Shangfeng Materials's latest reported financials
Chinese cement and building materials maker with environmental arm. It earns the bulk of its revenue by selling cement, clinker, aggregates, and concrete in volume to construction and infrastructure customers.
How Gansu Shangfeng Materials makes money
It earns the bulk of its revenue by selling cement, clinker, aggregates, and concrete in volume to construction and infrastructure customers. Additional income comes from environmental services and equipment, self-generated power, mining and logistics, and equity, fund, and venture capital investments.
What Gansu Shangfeng Materials does
Gansu Shangfeng Materials Co., Ltd. (000672.SZ) is a Chinese building materials producer founded in 1978 and headquartered in Hangzhou. Its business is organized into two segments: a Building Materials Products Division that produces and sells cement clinker, cement, aggregates, concrete, dry powder mortar, and specialty oil well cement; and an Environmental Protection Division covering waste and solid waste utilization and treatment, manufacture of special environmental protection equipment, and power generation from waste heat, waste pressure, and solar. Around these two pillars the company operates a set of supporting and diversifying activities, including mineral resource mining, stone processing, logistics and transportation, coal trading, supply chain management, e-commerce technology, import and export, property management and development, asset management, and energy-saving technical consulting. It also deploys capital through equity investments, funds, and venture capital, giving it exposure beyond its core cement operations.
Products & services
- Cement and cement clinker
- Aggregates and concrete
- Oil well special cement
- Dry powder mortar
- Solid waste and hazardous waste treatment services
- Waste heat, waste pressure and solar power generation
上峰材料是做什么的？
甘肃上峰水泥股份有限公司（000672.SZ）成立于1978年，总部位于浙江杭州，是一家中国建筑材料生产企业。公司业务分为两大板块：建材产品板块生产销售水泥熟料、水泥、骨料、混凝土、干粉砂浆以及油井特种水泥；环保板块涵盖固废资源化利用与处置、环保专用设备制造，以及余热余压发电和光伏发电。 围绕这两大主业，公司还开展矿产资源开采、石材加工、物流运输、煤炭及煤制品销售、供应链管理、电子商务技术、进出口贸易、物业管理与开发、资产管理和节能技术开发咨询等配套与多元化业务。同时，公司通过股权投资、基金投资和创业投资进行资本运作，业务范围超出传统水泥主业。
What is Gansu Shangfeng Materials worth?
On an owner-earnings DCF, Gansu Shangfeng Materials's most-likely value is about ¥11 versus a recent price near ¥15 (38% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥8) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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