Weihai Guangwei Composites Co.,Ltd.’s Net Profit Dropped 6.1% in First Quarter of 2022

Weihai Guangwei Composites Co.,Ltd. (威海光威复合材料股份有限公司) (300699.SZ) reported a net profit of 205 million yuan in the first quarter of 2022, down 6.1% year-on-year.

Meanwhile, the company posted 590.9 million yuan in revenue, down 5.5% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 20.8%.