Core Insights - Zhongwei New Materials Co., Ltd. has successfully listed on the Hong Kong Stock Exchange, becoming the second "A+H" company in the new energy sector after CATL [2] - The company specializes in the research, production, and sales of new energy battery materials, particularly focusing on precursor cathode active materials (pCAM) [2] - The global market share for Zhongwei's nickel and cobalt pCAM is 20.3% and 28.0% respectively, maintaining the top global shipment volume for five consecutive years [2] Industry Overview - The global new energy battery market is experiencing significant growth, with shipments projected to increase from 260.6 GWh in 2020 to 1393.2 GWh by 2024, reflecting a compound annual growth rate (CAGR) of 52.1% [3] - By 2030, the market is expected to grow over three times, reaching 6019.1 GWh [3] - The expansion of electric vehicles, energy storage systems, and consumer electronics is driving demand for new energy materials [3] Company Performance - In 2024, Zhongwei is expected to achieve revenue of 40.223 billion RMB, a year-on-year increase of 17.77% [3] - For the first three quarters of 2025, the company reported revenue of 33.297 billion RMB, maintaining a growth rate of over 10% for three consecutive years [3] - The company’s high-nickel products are projected to capture 31.7% of the global market share in 2024, with ultra-high nickel products accounting for 89.5% [2] Future Development - Zhongwei emphasizes that technology and research are core to its business, aiming to enhance product performance and cost efficiency through continuous innovation [4] - The recent IPO will provide approximately 3.628 billion HKD for various initiatives, including the construction of a production base in South Korea and mining expenditures [3][4] - The listing is expected to strengthen the company's global integration and enhance its competitive edge in the international market [4]
中伟新材正式登陆港交所 前驱体龙头驶入全球化布局快车道