Weihai Guangwei Composites Co.,Ltd.’s Net Profit Dropped 18.8% in First Three Quarters of 2023

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 594.7 million yuan in the first three quarters of 2023, down 18.8% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 10% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 20%.