Weihai Guangwei Composites Co.,Ltd.’s Net Profit Rose 18.7% in First Three Quarters 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 732.7 million yuan in the first three quarters of 2022, up 18.7% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 19.2%.