Zhongwei New Materials: First quarter net profit expected to increase by 72.32% to 91.82% year-on-year

Zhongwei New Materials announced that the net profit for the first quarter of 2026 is expected to be between 530 million yuan and 590 million yuan, a year-on-year increase of 72.32% to 91.82%. During the reporting period, benefiting from the rapid development of the global new energy market and the company’s leading position in the battery materials field, the company’s sales of nickel-based, cobalt-based, phosphorus-based, and sodium-based battery materials products totaled nearly 130k tons. The battery materials business overall showed a strong production and sales momentum, strongly supporting the steady growth of the company’s operating profit. At the same time, the company’s integrated competitive advantage of “resources + materials” in the nickel-based product field continued to be evident. Coupled with rising prices of nickel ore and nickel products, the profitability of nickel ore mining and nickel smelting segments steadily improved, further promoting the company’s overall profit growth.