Zhongwei New Materials (02579) Projects 70.58%-84.23% Growth in H1 2026 Net Profit

CNGR-3.05%
According to Zhongwei New Materials' announcement, the company projects attributable net profit of 1.25-1.35 billion yuan for the first half of 2026, representing a 70.58%-84.23% year-over-year increase. The company reported combined sales of over 250,000 tons across nickel-based, cobalt-based, phosphorus-based, and sodium-based battery materials. Ternary precursors achieved over 50% sales growth with stable margins, phosphorus-based materials surged over 25% with significant margin expansion and returned to profitability, and sodium-ion precursors maintained industry-leading growth. The company's integrated resource, smelting, and materials value chain continued to strengthen, bolstered by stable returns from red-soil nickel investments and improved earnings from Indonesia's pyrometallurgical nickel facility.
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