Weihai Guangwei Composites (300699) investor relations material

Executive summary

• Revenue reached ¥2.86 billion in 2025, up 16.72% year-over-year; net profit attributable to shareholders was ¥603 million, down 18.59% year-over-year.

• Core business segments include carbon fiber, energy new materials, and general new materials, with carbon fiber remaining the main revenue driver.

• Wind power carbon beam business saw rapid growth, with revenue up 75.84% year-over-year.

• R&D investment increased 27.10% to ¥220 million, focusing on high-end carbon fiber and new application fields.

• Proposed cash dividend of ¥5 per 10 shares, totaling ¥412.5 million.

Financial highlights

• Operating income: ¥2,859,519,691.08 (+16.72% YoY); net profit attributable to shareholders: ¥603,403,052.05 (-18.59% YoY).

• Gross margin for carbon fiber and fabric: 52.67%; for carbon beam: 28.79%.

• Operating cash flow: ¥1,294,810,169.94 (+50.05% YoY).

• Total assets: ¥9,015,931,390.88 (+11.70% YoY); net assets: ¥5,686,124,820.70 (+3.11% YoY).

• Basic and diluted EPS: ¥0.7314; ROE: 10.74%.

Outlook and guidance

• 2026 focus on high-performance, high-quality, high-end applications, with emphasis on aviation, aerospace, new energy, and robotics.

• Plans to expand high-end carbon fiber applications, enhance product structure, and improve market share.

• Continued R&D in wind power carbon beams, high-end prepreg, and automation equipment.