Group 1: Share Buyback and Financial Performance - The company has initiated a share buyback plan, having repurchased 18.95 million shares, accounting for 2.02% of total share capital, with a total transaction amount of 662 million yuan [1][4] - The buyback started in November 2024, with a planned investment of 500 million to 1 billion yuan, aimed at implementing an employee stock incentive plan [4] - The company has distributed a total of 1.682 billion yuan in dividends since its A-share listing, with a cash dividend of 3.6 yuan per 10 shares in 2024, totaling 330 million yuan [4] Group 2: Market Position and Revenue Growth - The company maintains a leading position in the new energy battery materials sector, with a market share of 20.3% in ternary precursors and 28% in cobalt-based materials, both for five consecutive years [1] - In 2024, the company's overseas revenue reached 17.88 billion yuan, accounting for 44.5% of total revenue, representing a year-on-year growth of 27.1% [2][8] - The company has established partnerships with major global players in the lithium battery industry, including Tesla and LG Chem [6] Group 3: Financial Metrics and Challenges - The company's revenue for 2022, 2023, and 2024 was 30.344 billion yuan, 34.273 billion yuan, and 40.223 billion yuan, respectively, while net profits were 1.543 billion yuan, 1.947 billion yuan, and 1.467 billion yuan [7] - In the first quarter of 2024, the company reported total revenue of 10.787 billion yuan, a year-on-year increase of 16.09%, but net profit decreased by 18.88% to 308 million yuan [7] Group 4: Global Expansion Strategy - The company has announced plans to issue H-shares and list in Hong Kong to enhance its global strategy and create an international capital operation platform [3][9]

随着海外新能源市场的快速发展，企业海外业务增长迅速，海外市场已经成为了各大企业的必争之地，赴港上市被视为加速全球供应链整合、 提升国际资本运作能力的关键一步。 4 月 22 日，中伟股份在港交所递交招股书，拟在香港主板上市。 据了解，中伟股份已于 2020 年 12 月 23 日在 A 股上市，截至 2025 年 4 月 22 日收市，总市值约人民币 303 亿元。香港上市后，中伟 股份将实现" A+H "双地上市，打造全球化资本平台，助力其产业布局持续升维，加快构建国内国际双循环格局。 据招股书，中伟股份成立于 2014 年 9 月，专注于镍、钴、磷、钠、锰、锂等新能源材料的研发与前沿技术。公司主要产品包括三元 / 磷酸 铁前驱体、四氧化三钴、镍等，主要用于生产三元正极材料、磷酸铁锂正极材料、钴酸锂正极材料。 公司直接向领先的正极公司供货，并作为直接供货商或间接供货商为世界知名的电池公司和顶级汽车品牌服务，已向所有 2024 年全球出货 量排名前十的电动汽车电池制造商供货。 目前，中伟股份已建立了一套从上游新能源金属开采、冶炼和精炼至新能源材料生产再到回收的一体化运营。 自 2020 年以来，该公司在镍系和 ...

Core Viewpoint - Zhongwei Co., Ltd. announced its plan to issue H-shares and list in Hong Kong, aiming to advance its global development strategy and enhance its international capital operation platform [1][2]. Fundraising and Financial Performance - Since its listing on the ChiNext board in December 2020, Zhongwei has raised a total of 107.08 billion yuan through its IPO and two private placements, which raised 50 billion yuan in 2021 and 43.07 billion yuan in 2022 [1][4]. - The company has reported significant revenue growth, with revenues of 74.4 billion yuan in 2020, 200.72 billion yuan in 2021, 303.44 billion yuan in 2022, and 342.73 billion yuan in 2023, reflecting year-on-year growth rates of 40.07%, 169.81%, 51.17%, and 12.95% respectively [6]. - Cumulative net profit reached 61.74 billion yuan since its listing, with net profits of 4.2 billion yuan in 2020, 9.39 billion yuan in 2021, 15.43 billion yuan in 2022, and 19.47 billion yuan in 2023, showing year-on-year growth of 133.65%, 123.48%, 64.33%, and 26.15% respectively [6][7]. Global Expansion Strategy - Zhongwei has been actively pursuing a global strategy since 2021, establishing nickel resource smelting bases in Indonesia with a production capacity of nearly 200,000 metal tons [2]. - The company plans to produce over 35,000 metal tons of nickel products in Indonesia by the first half of 2024, with a nearly 40% quarter-on-quarter growth in the second quarter [2]. - In Morocco, Zhongwei is collaborating with AL MADA to build a project that will supply battery materials for over 1 million electric vehicles annually, targeting the European and American markets [2]. - In South Korea, the company is working with POSCO on an integrated nickel refining and precursor production project, with an annual output of 50,000 tons of nickel refining and 110,000 tons of precursor production, sufficient for 1.2 million electric vehicles [2]. Research and Development Investment - Zhongwei has consistently increased its R&D investment, with expenditures of 2.7 billion yuan in 2020, 7.69 billion yuan in 2021, 9.29 billion yuan in 2022, and 10.56 billion yuan in 2023, totaling approximately 37.42 billion yuan since its listing [7].

Battery - CATL and Sinopec signed a cooperation framework agreement to build a nationwide battery swap network, aiming to establish at least 500 swap stations this year and expand to 10,000 in the long term [2] - Zhongwei Co. announced plans to issue H-shares and list, focusing on lithium battery materials including ternary/phosphate precursors and cobalt oxide, which are essential for electric vehicles and energy storage [2] - Zhonglun New Materials successfully developed BOPA specifically for solid-state batteries, which will protect internal components of solid-state batteries [3] - Jiangsu Yucheng's PI lithium battery separator project commenced with a total investment of 5 billion yuan, with the first phase expected to be completed by October this year [4] Equipment - Gansu Chenyue Yuchen's 600 million yuan project for recycling 40,000 tons of waste lithium batteries has started, aiming for an annual output value of 1 billion yuan upon full production [6] Overseas - Samsung Electro-Mechanics is developing a solid-state battery named "Dream Battery" for the Galaxy Ring 2, targeting an energy density increase from 200Wh/L to 360Wh/L by Q4 this year [7] - LGES plans to acquire GM's joint battery factory Ultium Cells for 30 trillion won (approximately 14.8 billion yuan), with a previous investment of $2.3 billion to create a 30GWh battery plant [8]