8月17日，中伟新材料股份有限公司（以下简称"中伟股份"）发布了2025年半年报。半年报显示，中伟股份实现营收213.23亿元，同比增长6.16%；归母净利 润为7.33亿元，同比下降15.20%；扣非归母净利润为6.53亿元，同比下降14.77%；基本每股收益为0.79元/股。 | | 本报告期 | 上年同期 | 本报告期比上年同期 | | --- | --- | --- | --- | | 营业收入(元) | 21,322,547,151.55 | 20,086,185,811.78 | | | 归属于上市公司股东的净利 | 732,774,616.71 | 864,076,698.38 | -1 | | 润(元) | | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 | 653,492,363.86 | 766,737,930.14 | -1 | | (元) | | | | | 经营活动产生的现金流量净 额(元) | 1,475,640,821.04 | 1,304,533,096.06 | | | 基本每股收益(元/股) | 0.79 | 0.92 | -1 | | 稀释每股收益(元/股 ...

Core Viewpoint - The company, Zhongwei Co., Ltd., reported a revenue of 21.32 billion yuan for the first half of 2025, marking a 6.16% increase, with a notable second-quarter net profit growth of 38.24% [1] Group 1: Financial Performance - The company achieved a net profit attributable to shareholders of 733 million yuan and a net profit excluding non-recurring items of 653 million yuan [1] - Sales volume of nickel, cobalt, phosphorus, and sodium products exceeded 188,000 tons, representing a year-on-year growth of 33.91% [1] Group 2: Product and Technology Development - Zhongwei Co., Ltd. has established a diversified product matrix including nickel, cobalt, phosphorus, and sodium materials, with high-nickel materials accounting for nearly 70% of shipments [2] - The company has made significant advancements in cobalt materials, entering high-value markets such as high-end electronics and AI terminals [2] - The company has achieved breakthroughs in solid-state battery precursor materials and is developing customized precursors for different solid-state battery routes [4] Group 3: Research and Development - The company has invested a total of 3.639 billion yuan in R&D since 2022, establishing a comprehensive R&D system from fundamental research to intelligent manufacturing [3] - It has created several industry-first products, including ultra-high nickel ternary precursors and low-cost sodium-ion battery precursors [3] Group 4: Sustainability and ESG Performance - Zhongwei Co., Ltd. has developed a green low-carbon closed-loop system, integrating resource extraction, refining, material production, and recycling [5][6] - The company achieved an upgrade in its MSCI ESG rating from BBB to AA, ranking first in its industry, reflecting its commitment to sustainable practices [7] Group 5: Market Position and Future Outlook - The company has expanded its international presence, with overseas revenue accounting for 50.58% as of June 30, 2025, and has established partnerships with major global battery manufacturers [6] - The demand for new energy materials is expected to experience structural growth, positioning Zhongwei Co., Ltd. favorably in the next round of competition in the global new energy industry [8]

Group 1 - The company has implemented the oxygen-enriched side-blowing process in its Indonesia Zhongqing project, marking the first industrial application of this technology for laterite nickel ore smelting, creating a new technical route for this process [2] - The Zhongqing project is expected to complete its main construction in Q2 of this year, with all six production lines operational, leading to rapid production debugging and capacity ramp-up, which will enhance industrial synergy and reduce overall production costs [2] - The company anticipates a 50% year-on-year increase in total lithium iron phosphate production, reaching 2.38 million tons in 2024, while maintaining its leading position in nickel and cobalt materials [2] Group 2 - The company emphasizes the environmental and cost advantages of the pyrometallurgical process, with the oxygen-enriched side-blowing process having lower carbon emissions compared to traditional RKEF technology, and the ability to utilize waste heat for energy generation [3] - The company has established and is constructing smelting capacity of 195,000 metal tons in Indonesia, with an expected actual capacity of 155,000 tons by the end of 2024, and an annual nickel production of nearly 100,000 tons [3] - The company plans to further expand its lithium resources in South America to enhance its global raw material supply chain [3]