Weihai Guangwei Composites Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 511.6 million compared to CNY 556.77 million a year ago. Revenue was CNY 511.6 million compared to CNY 556.77 million a year ago.

Net income was CNY 157.32 million compared to CNY 171.45 million a year ago. Basic earnings per share from continuing operations was CNY 0.1899 compared to CNY 0.2067 a year ago. Diluted earnings per share from continuing operations was CNY 0.1899 compared to CNY 0.2067 a year ago.