CNGR(SZ:300919) Xin Lang Cai Jing·2025-08-25 00:38Core Viewpoint - Zhongwei Co., Ltd. reported a revenue of 21.32 billion yuan for H1 2025, a year-on-year increase of 6.16%, while net profit attributable to shareholders decreased by 15.20% to 733 million yuan [1] Group 1: Financial Performance - In Q2 2025, the company achieved a revenue of 10.54 billion yuan, a quarter-on-quarter decrease of 2.34%, but net profit increased by 38.24% to 425 million yuan [1] - The non-recurring net profit for Q2 2025 was 390 million yuan, reflecting a quarter-on-quarter increase of 48.42% [1] Group 2: Technological Advancements - The company has successfully industrialized the oxygen-enriched side-blowing process in the smelting of laterite nickel ore, which is adaptable to ore grades above 1.2% [1] - The company has made significant breakthroughs in new products and processes, including the industry's first ultra-high nickel ternary precursor and a low-cost poly-anionic precursor for sodium-ion batteries [2] Group 3: Global Expansion and Supply Capacity - The company is enhancing its global supply capabilities, with nickel ore roughing capacity in Indonesia reaching nearly 200,000 tons, and plans to establish battery material production facilities in South Korea [2] - The company has seen positive growth in product shipments, with sales of nickel, cobalt, phosphorus, and sodium products exceeding 188,000 tons, a year-on-year increase of 33.91% [2] Group 4: Investment Outlook - Despite a decline in net profit due to lower-than-expected demand for ternary materials, the company anticipates an increase in production and sales in the second half of the year, with a projected net profit of 1.684 billion yuan for 2025 [3] - The company is expected to achieve a nickel resource self-sufficiency rate of 60% by the end of September 2025, following the completion of its high-ice nickel project in Indonesia [3]