Core 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]

Core Viewpoint - Zhongwei Co., Ltd. (300919.SZ) reported a revenue of 21.323 billion yuan for the first half of 2025, reflecting a year-on-year growth of 6.16% [1] - The net profit attributable to shareholders decreased by 15.20% to 733 million yuan, while the net profit excluding non-recurring gains and losses fell by 14.77% to 653 million yuan [1] - Basic earnings per share stood at 0.79 yuan [1] Group 1 - The company optimized its product and customer structure during the reporting period [1] - Despite intensified industry competition, the company achieved positive growth in the shipment volumes of nickel, cobalt, phosphorus, and sodium products [1] - Total product sales volume exceeded 188,000 tons, marking a year-on-year increase of 33.91% [1] Group 2 - The company maintained a leading market share in its core products [1]