Weihai Guangwei Composites Co.,Ltd.’s Net Profit Rose 16.1% in First Half 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 502.7 million yuan in the first half of 2022, up 16.1% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 2.4% 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 20.3%.