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

Weihai Guangwei Composites Co: Revenue and profit declined, but wind power carbon beam and R&D investment grew

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

H1 2024 revenue fell 5.53% and net profit dropped 10.87% year-over-year, with carbon fiber sales down but wind power carbon beam business growing. The company completed a major share buyback and increased R&D investment.

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