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Weei New Materials: Net profit is expected to reach 1.25 billion–1.35 billion yuan in the first half of 2026, representing a year-on-year increase of 70.58%–84.23%

2026-07-13 10:33:46

Weiwei New Materials Co., Ltd. announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be $1.25 billion–$1.35 billion, up 70.58%–84.23% from $733 million in the same period last year. Net profit after deducting non-recurring gains and losses is expected to be $1.2 billion–$1.3 billion, up 83.63%–98.93%. The growth in performance is mainly due to the company seizing opportunities in the new energy industry: the combined total sales volume of its core nickel-series, cobalt-series, phosphorus-series, and sodium-series products exceeded 250k tons, including that the sales volume of ternary precursor materials grew by more than 50% year over year, phosphorus-series materials turned from loss to profit, and its upstream resource layout has yielded significant results.

CNGR-3.05%

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