The company is wholly owned by Guizhou Zhongwei Energy Storage Technology Co., Ltd., which is a wholly-owned subsidiary of Zhongwei New Materials.

According to Qichacha, recently Guangxi Zhongwei Energy Storage Technology Co., Ltd. was established, with Wu Rufeng as the legal representative and a registered capital of 50 million yuan. It is located in Qinnan District, Qinzhou City, Guangxi Zhuang Autonomous Region, and its business scope includes new material technology promotion services; Research and development of emerging energy technologies; Manufacturing of electronic specialized materials; Battery manufacturing; Battery sales; Energy storage technology services, etc. Equity penetration shows that the company is wholly controlled by Guizhou Zhongwei Energy Storage Technology Co., Ltd., which is a wholly-owned subsidiary of Zhongwei New Materials (300919). Zhongwei New Materials was established in September 2014 and is a wholly-owned subsidiary of Zhongwei Group. The company's core products, ternary precursor and cobalt oxide, have consistently ranked first in global shipments for many years, and iron phosphate materials have entered the industry's top camp. In terms of performance, in 2025, Zhongwei New Materials achieved a revenue of 48.14 billion yuan, a year-on-year increase of 19.68%; The net profit attributable to shareholders of the listed company was 1.567 billion yuan, a year-on-year increase of 6.84%. By 2025, benefiting from the rapid growth of the global new energy market and the continuous release of integrated production capacity, Zhongwei New Materials will achieve a total sales volume of over 420000 tons of battery materials (nickel based, cobalt based, phosphorus based, sodium based) products. In addition, on November 17, 2025, Zhongwei New Materials successfully issued H shares, becoming the first "A+H" stock in the new energy materials industry, building a strategic hub that connects domestic and foreign capital markets, constructing a value bridge for deep dialogue with global investors, relying on the resource allocation advantages of the international capital market to accelerate global industrial expansion, and further strengthening global brand influence and industrial discourse power.

In the first quarter of 2026, Zhongwei New Materials is expected to achieve a net profit attributable to shareholders of the listed company of RMB 530 million to RMB 590 million, an increase of 72.32% to 91.82% compared to the same period last year. Regarding the reasons for the performance changes, Zhongwei New Materials stated that in the first quarter, it benefited from the rapid development of the global new energy market and the company's leading position in the field of battery materials. The total sales volume of the company's nickel, cobalt, phosphorus, sodium and other battery material products was nearly 130000 tons, and the overall battery material business showed a good trend of strong production and sales, which strongly supported 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 continues to emerge. Coupled with the rising prices of nickel ore and nickel products, the profitability of the company's nickel mining and smelting processes has steadily improved, further driving the overall profit growth of the company. In addition, on April 9th, Zhongwei New Materials also disclosed its layout progress in emerging fields during the reception of institutional research: solid-state batteries are mainly based on high nickel routes, and Zhongwei New Materials' high nickel technology is globally leading, occupying the most core material link. One of the key development directions for ternary materials in the solid-state field in the future is ultimate performance, which combines ultra-high energy density and ultra-high safety. The three major challenges in the field of solid-state materials currently are interface, stress, and lithium ion transport. The company has strong technical reserves in these three aspects. The company's current progress in solid-state batteries includes: ① joint development with multiple top clients, specializing in precursor materials for sulfide solid-state batteries; ② The shipment volume of solid-state battery precursors exceeds 100 tons; ③ Performance: Cell energy density>350Wh/kg, cycling for 3000 cycles. In the field of low altitude economy, the demand for high rate and high stability cylindrical batteries in low altitude aircraft is rapidly increasing, and the shipment volume of Zhongwei New Materials related products is growing rapidly, becoming an important source of incremental growth. Sodium electricity is most suitable for energy storage scenarios, with natural advantages of long cycle and high safety. At present, the sodium battery industry is in its early stages, and issues such as no negative electrode technology, yield rate, and consistency still need to be resolved. Its cost is feasible, but the core bottleneck lies in its large-scale application. Zhongwei New Materials' sodium and electricity coverage covers all top enterprises, with a stable position in the industry.