Group 1 - The company Zhongwei New Materials (02579.HK) has officially launched its global offering in Hong Kong, planning to issue 104 million shares with an offering price range of HKD 34 to HKD 37.8 per share [2] - The expected net proceeds from the offering, assuming a mid-point price of HKD 35.9 and excluding related expenses, is approximately HKD 3.6279 billion, with about 50% allocated for expanding production and supply chain capabilities, and 40% for R&D in new energy battery materials and digitalization [2] - The public offering period is from November 7 to November 12, with the final offer price and share allocation results expected to be announced on November 14, and trading on the Hong Kong Stock Exchange set to begin on November 17 [2] Group 2 - Zhongwei New Materials has a comprehensive product line that includes nickel-based materials, cobalt-based materials, phosphorus-based materials, sodium-based materials, and new energy metal products, catering to leading companies in the new energy materials, battery, automotive, and consumer electronics industries [3] - The company achieved a revenue of RMB 40.223 billion in 2024, with a growth from RMB 20.086 billion in the first half of 2024 to RMB 21.323 billion in the first half of 2025, although net profit has declined from RMB 0.863 billion in the first half of 2024 to RMB 0.735 billion in the first half of 2025 [3] Group 3 - In the third quarter of 2025, the company experienced a "revenue growth without profit growth" scenario, with a year-on-year revenue increase of 18.84% but a net profit decline of 17.33% [4] - The decline in net profit is attributed to a high level of government subsidies in the same period last year and weaker marginal contributions from low-priced inventory [4]

Group 1 - The core point of the article highlights the performance of Zhongwei Co., Ltd., which saw a stock increase of 5.17% to 48.20 CNY per share, with a total market capitalization of 45.213 billion CNY as of November 7 [1] - Zhongwei Co., Ltd. is primarily engaged in the research, production, processing, and sales of lithium battery cathode material precursors, with its main business revenue composition being 45.17% from battery materials, 43.49% from new energy metals, and 11.34% from other sources [1] Group 2 - From the perspective of the top circulating shareholders, E Fund's ETF (159915) reduced its holdings by 1.4414 million shares in the third quarter, now holding 8.9949 million shares, which represents 0.99% of the circulating shares [2] - The E Fund's ETF has achieved a year-to-date return of 52.52% and a one-year return of 44.11%, ranking 545 out of 4216 and 653 out of 3913 respectively in its category [2] Group 3 - The fund managers of E Fund's ETF are Cheng Xi and Liu Shurong, with Cheng having a tenure of 9 years and 187 days and a total fund asset size of 250.121 billion CNY, while Liu has a tenure of 8 years and 115 days with a total fund asset size of 141.127 billion CNY [3]

Core Viewpoint - Zhongwei Co., Ltd., a global leader in the new energy materials sector, has announced its H-share IPO details, with a price range set between HKD 34.00 and HKD 37.80 [1] Group 1: IPO Details - The total number of H-shares for global offering is 104,225,400 shares, subject to adjustments based on the exercise of the over-allotment option [1] - Of the total shares, 10,422,600 shares (approximately 10.00%) are allocated for public offering in Hong Kong, while 93,802,800 shares (approximately 90.00%) are for international offering [1] - An additional 15,633,800 shares may be issued if the overall coordinator exercises the over-allotment option within 30 days from the listing date [1] Group 2: Company Positioning - Zhongwei Co., Ltd. is the second A+H core stock in the new energy sector after CATL, highlighting its significance in the industry [1] - The company is a leading player in the precursor and cathode materials sector, which are critical components of lithium-ion batteries, significantly influencing battery performance [1] - The upcoming IPO aligns with foreign investors' optimistic outlook on China's new energy industry, as the company is expected to experience a performance rebound [1]

Group 1 - The core viewpoint of the article highlights that Zhongwei Co., Ltd. (300919), a leading global enterprise in the new energy materials sector, has announced its H-share IPO details, with a price range set between HKD 34.00 and HKD 37.80 [1] - The total number of H-shares for global offering is 104,225,400, with 10,422,600 shares allocated for public offering in Hong Kong, accounting for 10% of the total, and 93,802,800 shares for international offering, accounting for 90% [1] - The overall coordinator has the option to exercise an over-allotment option to issue up to 15,633,800 additional H-shares within 30 days from the listing date [1] Group 2 - Zhongwei Co., Ltd. is positioned as the second core A+H stock in the new energy sector after CATL (300750), emphasizing its leading role in the lithium-ion battery materials market [1] - The company is recognized for its comprehensive upgrades across cycles and is expected to experience a rebound in performance, resonating with foreign investors' optimistic outlook on China's new energy industry [2]

Core Viewpoint - Zhongwei Co., Ltd. is set to issue H-shares globally, with a total of 104,225,400 shares available, subject to adjustments based on demand and over-allotment options [1] Group 1: H-share Issuance Details - The initial arrangement includes a public offering of 10,422,600 shares in Hong Kong, accounting for approximately 10.00% of the total global offering [1] - The international offering consists of 93,802,800 shares, representing about 90.00% of the total global offering [1] - The overall coordinator has the option to exercise an over-allotment right to issue up to 15,633,800 additional H-shares within 30 days after the public offering period [1] - In the event of full exercise of the over-allotment option, the maximum number of H-shares to be issued will be 119,859,200 [1] Group 2: Pricing and Timeline - The price range for the H-share issuance is preliminarily set between HKD 34.00 and HKD 37.80 [1] - The public offering in Hong Kong is scheduled to commence on November 7, 2025, and is expected to conclude on November 12, 2025 [1] - The issuance price is anticipated to be announced on November 14, 2025 [1]

Core Viewpoint - Zhongwei Co., Ltd. is in the process of issuing H-shares and listing on the Hong Kong Stock Exchange, with the prospectus published on November 7 [1] Group 1: H-share Issuance Details - The total number of H-shares for global offering is set at 10,422.54 million shares, subject to adjustments based on the exercise of the over-allotment option [1] - The preliminary arrangement includes 1,042.26 million shares for public offering in Hong Kong, accounting for approximately 10% of the total global offering, and 9,380.28 million shares for international offering, making up about 90% [1] - The price range for the H-share issuance is initially set between HKD 34 and HKD 37.8 [1] Group 2: Timeline and Expectations - The public offering of H-shares in Hong Kong commenced on November 7 and is expected to conclude on November 12 [1] - The issuance price is anticipated to be announced on November 14, with the H-shares expected to be listed and commence trading on November 17, 2025 [1]

Core Viewpoint - Zhongwei Co., Ltd. (300919.SZ) announced the global offering of H-shares, with a total base issuance of 104,225,400 shares, subject to adjustments based on the exercise of the over-allotment option and excess allocation rights [1] Group 1: Offering Details - The initial arrangement includes a public offering of 10,422,600 shares in Hong Kong, accounting for approximately 10.00% of the total global offering [1] - The international offering consists of 93,802,800 shares, representing about 90.00% of the total global offering, also subject to adjustments and the exercise of the over-allotment option [1] - The overall coordinator has the option to exercise the over-allotment right to request the company to issue up to 15,633,800 additional H-shares at the offering price within 30 days from the listing date to the end of the Hong Kong public offering [1] - In the case of full exercise of the over-allotment option, the maximum number of H-shares to be issued in this global offering would be 119,859,200 shares [1] Group 2: Pricing and Timeline - The price range for the H-share issuance is preliminarily set between HKD 34.00 and HKD 37.80 [1] - The Hong Kong public offering is scheduled to commence on November 7, 2025, and is expected to conclude on November 12, 2025 [1] - The issuance price is anticipated to be announced on November 14, 2025 [1]

中伟新材料股份有限公司 关于刊发H股招股说明书、H股发行价格区间 证券代码：300919 证券简称：中伟股份 公告编号：2025-121 2025 年 9 月，公司收到中国证券监督管理委员会（以下简称"中国证监会"）就公司本 次发行上市出具的《关于中伟新材料股份有限公司境外发行上市备案通知书》（国合函〔2025〕 1661 号）。具体内容详见公司 2025 年 9 月 26 日在巨潮资讯网披露的《关于发行境外上市 股份（H 股）获得中国证监会备案的公告》（公告编号：2025-110）。 2025 年 10 月 2 日，香港联交所上市委员会举行上市聆讯，审议了公司本次发行上市的 申请。具体内容详见公司 2025 年 10 月 9 日在巨潮资讯网披露的《关于香港联交所审议公司 发行 H 股的公告》（公告编号：2025-113）。公司按照有关规定于 2025 年 10 月 31 日在香 港联交所网站刊登了本次发行聆讯后资料集。具体内容详见公司 2025 年 10 月 31 日在巨潮 资讯网披露的《关于刊发境外上市股份（H 股）发行聆讯后资料集的公告》（公告编号： 2025-119）。 根据本次发行上市的时间安排，2 ...

Core Viewpoint - Zhongwei Co., Ltd. has experienced fluctuations in stock price and trading volume, with a notable increase in revenue but a decrease in net profit year-on-year [1][2]. Financial Performance - As of September 30, Zhongwei Co., Ltd. reported a revenue of 33.297 billion yuan for the first nine months of 2025, representing a year-on-year growth of 10.39% [2]. - The net profit attributable to shareholders for the same period was 1.113 billion yuan, showing a year-on-year decrease of 15.94% [2]. Stock Market Activity - On November 4, Zhongwei's stock price fell by 2.01% to 44.91 yuan per share, with a trading volume of 1.20 billion yuan and a turnover rate of 0.29% [1]. - The stock has increased by 26.51% year-to-date, with a 3.17% rise over the last five trading days, an 8.31% decline over the last 20 days, and a 33.90% increase over the last 60 days [1]. Shareholder Information - As of September 30, the number of shareholders increased by 30.27% to 46,800, while the average number of circulating shares per person decreased by 23.00% to 19,509 shares [2]. - The company has distributed a total of 1.936 billion yuan in dividends since its A-share listing, with 1.789 billion yuan distributed in the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 18.5809 million shares, an increase of 2.8208 million shares from the previous period [3]. - E-Fund's ChiNext ETF is the eighth-largest circulating shareholder, holding 8.9949 million shares, a decrease of 1.4414 million shares from the previous period [3].

Group 1 - The company is continuously enhancing its recycling R&D innovations, developing new lithium processing technologies and achieving industry-leading recovery rates for nickel, cobalt, and lithium [1] - The self-sufficiency rate for nickel from laterite ore exceeds 80%, while the self-sufficiency ratio for cobalt is relatively low [1] - An increase in cobalt prices in 2025 is expected to positively impact the company's annual profits [1] Group 2 - The company is projected to process over 50,000 tons of retired batteries in 2024, with inquiries about the expected processing volume for the first half of 2025 [3] - The company has maintained the number one global market share for ternary precursors and cobalt tetroxide for five consecutive years, with questions regarding the current self-production ratios for nickel and cobalt [3]