Weihai Guangwei Composites (300699) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥1.32 billion, up 9.83% year-over-year, while net profit attributable to shareholders fell 26.21% to ¥198.83 million due to margin pressure and increased costs.

• Cash flow from operating activities was negative ¥114.04 million, a significant decline from the prior year, mainly due to reduced sales collections.

• The company maintained a strong position in carbon fiber and composite materials, with continued investment in R&D and expansion of high-end product lines.

Financial highlights

• Operating income: ¥1.32 billion, up 9.83% year-over-year.

• Net profit attributable to shareholders: ¥198.83 million, down 26.21% year-over-year.

• Gross margin for carbon fiber and fabrics: 51.49%; for carbon beams: 32.92%.

• Basic and diluted EPS: ¥0.241, down 25.64% year-over-year.

• Total assets at period end: ¥9.14 billion, up 1.35% from year-end 2025.

• Net assets attributable to shareholders: ¥5.47 billion, down 3.84% from year-end 2025.

Outlook and guidance

• The company expects continued growth in new carbon fiber models and industrial applications, but notes ongoing risks from order volatility and price competition.

• No interim dividend, bonus shares, or capital increase from reserves planned for the half-year.