Loading…
China's leading maker of carbon fiber, used in wind turbine blades, aerospace and sporting goods.
China's leading maker of carbon fiber, used in wind turbine blades, aerospace and sporting goods.
Sells carbon fiber by weight under supply agreements, with large-tow grades used for wind blades and other industrial uses and small-tow grades for aerospace and sporting goods. Aerospace and defense customers must qualify the material first, which takes time but then keeps orders.
In one line: A Chinese Toray Carbon Fiber.
Moat: narrow (process know-how, scale, IP / patents). Leading domestic carbon-fiber production scale and process know-how amid strategic import-substitution.
Headquarters: Weihai, Shandong, China · Founded: 1998 · Employees: 2,263
Size Weihai Guangwei Composites (300699.SZ) is a China Industrials company (Electrical Products) with a market value of $2.68B, the 963rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.51 on 6 Nov 2026.
Performance Over six months the shares fell 34.8%, against -21.9% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 11.7% over the last twelve months (peer median +19.5%); the operating margin is 16.4% (peer median 10.2%).
Valuation It trades at 45.8× forward earnings against a peer median of 19.4× (3rd most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.9 points above its cost of capital (6.6% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.81B | CN¥2.84B | CN¥2.43B | CN¥2.50B | CN¥2.49B |
| Revenue growth | — | +17% | -3% | 0% | — |
| Gross profit | CN¥1.30B | CN¥1.07B | CN¥1.05B | CN¥1.17B | CN¥1.19B |
| EBITDA | n/a | CN¥1.07B | CN¥992M | CN¥946M | CN¥981M |
| Net income | CN¥388M | CN¥603M | CN¥741M | CN¥873M | CN¥934M |
| Free cash flow | CN¥57.2M | CN¥548M | CN¥25.7M | -CN¥200M | -CN¥542M |
| Capital expenditure | CN¥785M | CN¥747M | CN¥839M | CN¥745M | CN¥698M |
| Total debt | CN¥2.84B | CN¥2.12B | CN¥1.52B | CN¥562M | CN¥385M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Weihai Guangwei Composites 300699.SZ | $2.68B | -35% | +12% | 16% | 45.8× | 13.8% |
| Toray Industries 3402.T | $11.1B | +6% | +6% | 6% | 16.6× | 5.5% |
| Hexcel HXL | $6.09B | -16% | +8% | 11% | 29.6× | 23.0% |
| Jilin Chemical Fibre Stock 000420.SZ | $1.42B | -25% | +11% | 5% | 154.0× | n/a |
| Zhongfu Shenying Carbon Fiber 688295.SS | $680M | -45% | +22% | 2% | 160.8× | n/a |
| Teijin 3401.T | $2.07B | +7% | -14% | -7% | 6.9× | -11.5% |
| Mitsubishi Chemical 4188.T | $8.65B | +10% | -8% | 8% | 8.9× | -0.5% |
| SGL Carbon SGL.DE | $668M | +2% | -16% | 8% | 18.9× | 2.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 300699.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.2% | -9.4% | 8th highest of 21 |
| 6-month return | -34.8% | -21.9% | 8th lowest of 21 |
| Distance from 52-week high | -54.4% | -47.3% | 6th lowest of 21 |
| Revenue growth (TTM) | +11.7% | +19.5% | 8th lowest of 21 |
| Operating margin | 16.4% | 10.2% | 5th highest of 21 |
| Forward P/E | 45.8× | 19.4× | 3rd most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 13.8% | 18.9% | 5th least demanding of 11 |
| Growth delivered (Del g) | +6.2% | +11.9% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | +7.6 pp | -3.7 pp | 4th most demanding of 11 |
| ROIC minus cost of capital | +1.9 pp | -0.7 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Weihai Guangwei Composites 300699.SZ | China | $2.68B | -35% | +12% | 16% | 45.8× | 13.8% | +6.2% |
| GS Yuasa 6674.T | Japan | $2.67B | -33% | +6% | 10% | 9.9× | n/a | n/a |
| Schneider Electric Infrastructure SCHNEIDER.NS | India | $2.69B | -21% | +10% | 10% | 76.0× | 56.2% | +17.4% |
| Huaming Power Equipment 002270.SZ | China | $2.66B | -19% | +7% | 32% | 22.3× | 5.9% | +12.3% |
| Baoding Tianwei Baobian Electric 600550.SS | China | $2.65B | -36% | +13% | 4% | n/a | 45.5% | +7.1% |
| Daming Electronics 603376.SS | China | $2.71B | -22% | +110% | 9% | n/a | n/a | n/a |
| Luster LightTech 688400.SS | China | $2.63B | -37% | +10% | 0% | 28.1× | 56.8% | +10.7% |
| Zhongshan Broad-Ocean Motor 002249.SZ | China | $2.73B | -21% | +1% | 6% | n/a | 7.7% | +9.5% |
| Sanil Electric 062040.KS | South Korea | $2.62B | -56% | +29% | 36% | 17.1× | 15.1% | +50.8% |
| Qingdao Hanhe Cable 002498.SZ | China | $2.74B | -37% | +21% | 3% | 18.3× | n/a | n/a |
| Fortior Technology (Shenzhen) 1304.HK | Hong Kong | $2.76B | -15% | +54% | 25% | 31.8× | n/a | n/a |
| Tianneng Battery 688819.SS | China | $2.79B | -37% | +2% | 0% | 10.9× | -7.9% | +5.4% |
| Shijiazhuang Shangtai Technology 001301.SZ | China | $2.80B | -16% | +34% | 13% | 16.6× | n/a | n/a |
| Shenzhen Senior Technology Material 300568.SZ | China | $2.80B | -23% | +45% | 10% | 27.4× | n/a | n/a |
| Ming Yang Smart Energy 601615.SS | China | $2.80B | -47% | +8% | -4% | 19.4× | n/a | n/a |
| Mabuchi Motor 6592.T | Japan | $2.84B | +18% | +12% | 12% | 17.9× | 5.8% | +11.5% |
| Time Interconnect Technology 1729.HK | Hong Kong | $2.84B | -57% | +84% | 7% | 10.8× | n/a | n/a |
| Zhuhai CosMX Battery 688772.SS | China | $2.88B | +2% | +18% | -2% | 144.1× | n/a | n/a |
| HBL Engineering HBLENGINE.NS | India | $2.46B | -1% | +63% | 31% | n/a | 22.6% | +29.4% |
| Tongding Interconnection Information 002491.SZ | China | $2.44B | -15% | +50% | 11% | n/a | n/a | n/a |
| Kirloskar Oil Engines KIRLOSENG.NS | India | $2.44B | -8% | +23% | 15% | 36.6× | 25.3% | +18.6% |