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Carbon fiber producer Guangwei Composites listed on the Shenzhen Stock Exchange

News International-French

6 Sep 2017

On September 1st, the Chinese company Guangwei Composites was listed on the Shenzhen Stock Exchange (stock code 300699). According to the company, Guangwei Composites has become “the first Chinese A-share listed carbon fiber enterprise”.

Carbon fiber producer Guangwei Composites listed on the Shenzhen Stock Exchange

Based in Weihai, Shandong province, Guangwei Composites is specialized in research and development, production and sales of carbon fiber composite materials. Its main customers are situated in the military industries.

According to the company’s accounts, during the 2014-2016 period, the company achieved revenues of CNY 468 million, CNY 543 million and CNY 633 million (US$ 96 million) respectively, with a net profit of CNY 50 million, CNY 180 million and CNY 220 million (US$ 33,5 million) respectively. 

A total of more than 300 persons attended the listing ceremony in Weihai.

“Carbon fiber is a sunrise industry where Guangwei Composites has many noteworthy achievements in terms of innovation. The company is based on solid foundations with abundant resources. This first-class platform makes us confident for the future”, said Chen Liang, CEO of Guangwei Composites.