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

Revenue up 16.72% to ¥2.86B, net profit down 18.59% to ¥603M; wind carbon beam up 75.84%

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

Revenue grew 16.72% to ¥2.86 billion, but net profit fell 18.59% to ¥603 million due to margin pressure and increased R&D. Wind power carbon beam business surged 75.84%, while carbon fiber remained the core segment. Cash dividend of ¥5 per 10 shares proposed.

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