Weihai Guangwei Composites Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 556.77 million compared to CNY 590.89 million a year ago. Revenue was CNY 556.77 million compared to CNY 590.89 million a year ago.

Net income was CNY 171.45 million compared to CNY 207.51 million a year ago. Basic earnings per share from continuing operations was CNY 0.2063 compared to CNY 0.25 a year ago. Diluted earnings per share from continuing operations was CNY 0.2063 compared to CNY 0.25 a year ago.