Weihai Guangwei Composites Co., Ltd. Class ASZSE: 300699

Weihai Guangwei Composites Co: Net profit dropped 32.55% despite 4.40% revenue growth, with energy new materials leading gains

· Issued by Weihai Guangwei Composites Co., Ltd. Class A

Revenue grew 4.40% year-over-year to ¥1.99 billion, but net profit fell 32.55% to ¥415 million. Energy new materials saw robust growth, while fiber and composite segments declined. Operating cash flow improved sharply, but profitability was pressured by higher costs.

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