CNGR(SZ:300919) Xi Niu Cai Jing·2025-08-20 05:37Core Insights - Zhongwei New Materials Co., Ltd. reported a revenue of 21.32 billion yuan for the first half of 2025, representing a year-on-year growth of 6.16% [1][2] - The company's net profit attributable to shareholders decreased by 15.20% to 733 million yuan, while the net profit after deducting non-recurring gains and losses fell by 14.77% to 653 million yuan [1][2] - Basic earnings per share were reported at 0.79 yuan, down from 0.92 yuan in the same period last year [1][2] Revenue Breakdown - The battery materials segment generated revenue of 9.63 billion yuan, a decline of 5.55% year-on-year, attributed to intensified market competition and product structure adjustments [2][3] - The new energy metals segment showed strong performance with revenue reaching 9.27 billion yuan, marking a significant increase of 44.01% year-on-year, becoming the main driver of revenue growth [2][3] - Other business segments reported revenue of 2.42 billion yuan, down 29.90% compared to the previous year [2] Cost and Expenses - Sales expenses decreased by 4.17% to 48 million yuan, while management expenses increased by 10.12% to 551 million yuan [3][4] - Financial expenses surged by 51.09% to 581 million yuan, indicating rising costs in financing [3][4] Company Overview - Zhongwei New Materials was established in 2014 and went public in September 2020, focusing on the research, production, and sales of new energy battery cathode materials and precursors, including nickel-based, cobalt-based, phosphate-based, and sodium-based materials, as well as new energy metal products [4]