Weiling New Energy Co., Ltd. 2025 Semi-Annual Report
August 2025
Section I Important Notes, Table of Contents, and Definitions
The Board of Directors, the Board of Supervisors, and the directors, supervisors, and senior management of the Company guarantee the authenticity, accuracy, and completeness of the contents of the semi-annual report, confirm that there are no false records, misleading statements, or major omissions, and assume individual and joint legal liability.
Company head Zhang Pu, the person in charge of accounting work Zhang Pu, and the head of the accounting department (accounting supervisor) Zhou Suihong declare: Guarantee the authenticity, accuracy, and completeness of the financial report in this semi-annual report.
All directors have attended the board meeting to review this semi-annual report.
This report contains forward-looking statements regarding future plans, which do not constitute substantive commitments by the Company to investors. Investors and relevant parties should maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments.
The Company requests that investors read this full report. The Company has detailed the risks that may exist in its operations and the corresponding countermeasures in the "Section III Management Discussion and Analysis" under "X. Risks Faced by the Company and Countermeasures." Investors are advised to pay attention to relevant content and be aware of investment risks.
The Company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital.
Table of Contents
Section I Important Notes, Table of Contents, and Definitions 2
Section II Company Profile and Key Financial Indicators 6
Section III Management Discussion and Analysis 9
Section IV Corporate Governance, Environment, and Society 18
Section V Important Matters 22
Section VI Changes in Shares and Shareholders 30
Section VII Bond-Related Information 35
Section VIII Financial Report 36
Section IX Other Submitted Data 153
List of Documents for Inspection
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Financial statements signed and sealed by the Company's legal representative, the person in charge of accounting work, and the head of the accounting department (accounting supervisor).
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The 2025 semi-annual report summary and full text signed by the Company's legal representative and sealed by the Company.
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Originals of all company documents and announcements publicly disclosed on media designated by the China Securities Regulatory Commission during the reporting period.
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Location for inspection of the above documents: Company Securities Department.
Definitions
| Definition Item | Definition | Definition Content |
|---|---|---|
| Company, the Company, Weiling Shares | Refers to | Weiling New Energy Co., Ltd. |
| Shanghai Lingyi | Refers to | Shanghai Lingyi New Materials Co., Ltd., the Company's controlling shareholder. |
| Linghui Technology | Refers to | Jiangxi Linghui Technology Co., Ltd. |
| Jiayu Mining | Refers to | Hunan Linwu Jiayu Mining Co., Ltd. |
| Lingneng Lithium | Refers to | Jiangxi Lingneng Lithium Industry Co., Ltd. |
| Lepidolite | Refers to | Mineral raw material for extracting lithium. |
| Lithium Carbonate | Refers to | Raw material for producing lithium compounds and metallic lithium. Battery-grade lithium carbonate is mainly used for preparing lithium cobalt oxide, lithium manganate, ternary materials, and lithium iron phosphate cathode materials for lithium-ion batteries. |
| Lithium Salt | Refers to | General term for salts containing lithium elements, mainly including lithium carbonate, lithium hydroxide, lithium hexafluorophosphate, lithium-based hydrides, lithium-based halides, etc. |
| Yuan, Ten Thousand Yuan, Hundred Million Yuan | Refers to | RMB Yuan, RMB Ten Thousand Yuan, RMB Hundred Million Yuan. |
| Reporting Period | Refers to | January 1, 2025 to June 30, 2025 |