Weihai Guangwei Composites Co.,Ltd.’s Net Profit Rose 19.8% in 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 906.2 million yuan in 2022, up 19.8% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 3.7% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 21.1%.