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

Weihai Guangwei Composites Co: Net profit fell 15.12% on lower revenue, but cash flow and R&D investment remained strong

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

Revenue fell 2.69% to ¥2.45 billion and net profit dropped 15.12% to ¥741 million, with strong cash flow and continued R&D investment. Carbon fiber and wind power segments showed mixed results amid industry overcapacity, but the company remains a leader in high-end applications and expects a recovery in aerospace and wind power demand.

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