New Weiling (920634) plans to implement the 2025 annual equity distribution, with a cash dividend of 1 yuan for every 10 shares.

On April 2, Hunan Xinweilng Metal New Materials Co., Ltd. issued an announcement stating that, in light of its actual business operations, the company plans to implement a 2025 annual equity distribution proposal. The company’s current total share capital is 63.908766 million shares. Cash dividends of RMB 1.00 will be distributed to all shareholders for every 10 shares based on undistributed profits. The total cash dividends to be distributed in this equity distribution are expected to be RMB 6.39 million.

In its announcement, Xinweiling stated that, according to the company’s disclosed 2025 annual report, as of the end of 2025, the undistributed profits in the consolidated financial statements of the listed company were RMB 104 million, and the undistributed profits of the parent company were RMB 14.08 million.

The company’s Wall Street Finance (Tongbi Finance) learned that the company mainly manufactures by purchasing raw materials such as zinc ingots. It makes full use of the company’s core technology in the preparation and application of zinc powder to provide products such as spherical zinc powder, flake zinc powder, and atomized zinc powder, thereby meeting the specific needs of downstream customers in fields including zinc-rich anti-corrosion coatings, powder zinc penetration, reducing agents, catalysts, metallurgical decontamination and impurity removal, pharmaceutical and agrochemical production, diamond tool applications, Daclocro coating solutions, and more.

The company’s subsidiary, Hunan Xinweiling, is a national-level “specialized and innovative small giant” enterprise (the fourth batch by the Ministry of Industry and Information Technology in August 2022); it is also a Hunan provincial specialized and innovative small giant enterprise. The company is a Changsha specialized and innovative small giant enterprise, and it has participated in drafting the industry standard 《Zinc-Rich Primer》 HG/T3668-2020.

The company has always adhered to placing technological innovation and business model innovation at the top of its corporate development priorities. It focuses on building a research and development and production system that integrates theory with practice, as well as a step-by-step intelligent factory construction process. The company continuously carries out process innovation for new products, independently develops production equipment, and optimizes and upgrades manufacturing processes and production lines. It has established a full closed-loop production system for materials and a “two integrations” management system, thereby significantly improving manufacturing efficiency and manufacturing capability in traditional industries.

Unlike original technology and original product innovation in emerging technology industries such as information and communications, zinc powder is a product whose underlying technical principles are relatively mature. From the perspective of broad technology innovation, innovation and upgrading by manufacturing enterprises mainly manifest in innovations related to further downstream processing of products, innovations in production process technologies and processing equipment, and other innovations, and exist in the form of patented technologies and non-patented technologies (technical secrets). Based on the objective reality of the transformation, upgrading, and cost reduction and efficiency improvement of the basic manufacturing industry, the company focuses on a diversified innovation strategy. For example, product innovation represented by deep processing of spherical zinc powder; technical innovation represented by process technology improvements and independent development of production equipment; and model innovation represented by a full closed-loop production system for materials, and so on.

The stability of zinc powder performance and the timeliness of after-sales service have a significant impact on downstream customers’ production and operations. When well-known customers in the coatings, chemical, and pharmaceutical industries select suppliers, they conduct strict qualification reviews. Once a cooperative relationship is determined, in order to ensure product quality and supply stability, suppliers will not be changed lightly. The company has established stable cooperative relationships with central state-owned enterprises and their subsidiaries such as CIMC Group (000039), Sinochem Group, and China National Shipbuilding (601989), as well as with top global paint and coating manufacturers including Hempel (not sure), AkzoNobel, Kansai Paints, and others within the top 20 listed paint and coating production enterprises in the world.

In terms of performance, for 2025, the company achieved operating revenue of RMB 823 million, and net profit attributable to shareholders of the listed company was RMB 17.74 million.