Weihai Guangwei Composites (300699) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥639.05 million, up 13.04% year-over-year, while net profit attributable to shareholders fell 21.58% to ¥121.41 million.

• Net profit excluding non-recurring items was ¥112.97 million, down 19.87% year-over-year.

• Operating cash flow was negative at -¥23.59 million, a significant decline from the prior year.

Financial highlights

• Basic and diluted EPS were ¥0.15, down from ¥0.19 year-over-year.

• Gross margin pressure evident as operating costs rose 33.03% year-over-year, mainly due to increased carbon beam revenue.

• Total assets at quarter-end were ¥9.07 billion, up 0.55% from year-end 2025.

• Shareholders’ equity increased 2.08% to ¥5.80 billion.

Outlook and guidance

• Energy new materials segment showed strong growth, while traditional fiber and general materials segments declined.