Financial Performance - The company's operating revenue for 2022 was ¥2,511,109,454.94, a decrease of 3.69% compared to ¥2,607,307,808.06 in 2021[12]. - Net profit attributable to shareholders for 2022 was ¥934,254,136.12, an increase of 23.19% from ¥758,382,679.09 in 2021[12]. - The net profit after deducting non-recurring gains and losses was ¥874,424,343.76, up 22.72% from ¥712,525,344.71 in 2021[12]. - The basic and diluted earnings per share for 2022 were both ¥1.80, reflecting a 23.29% increase from ¥1.46 in 2021[12]. - Total assets at the end of 2022 reached ¥6,330,103,447.29, a growth of 13.88% from ¥5,558,762,408.78 at the end of 2021[12]. - The net assets attributable to shareholders increased by 17.69% to ¥4,879,999,048.30 at the end of 2022, compared to ¥4,146,384,357.14 at the end of 2021[12]. - The company reported a significant decline in cash flow from operating activities, with a net cash flow of ¥147,233,029.29, down 87.69% from ¥1,196,174,235.13 in 2021[12]. - In 2022, the company achieved total revenue of 2.511 billion yuan, a decrease of 3.69% year-on-year, while net profit attributable to shareholders increased by 23.19% to 934 million yuan[61]. - The company's overall gross profit margin improved by 4.66 percentage points year-on-year, and return on equity increased by 1.67 percentage points[61]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 7 RMB per 10 shares to all shareholders, based on a total of 518,350,000 shares[2]. - The company has not proposed a cash dividend distribution plan despite having a positive profit available for distribution to shareholders[167]. - The annual shareholders' meeting had a participation rate of 50.97% on May 18, 2022[133]. - The company has a total of 36,858,970 shares held by its directors and senior management, with various changes in shareholding during the reporting period[136]. - The company’s chairman, Lu Zhaojun, reduced his shareholding by 1,000,000 shares, resulting in a total of 4,577,144 shares held[135]. Risks and Challenges - The company faces risks including performance volatility, new product development failures, and declining sales prices[2]. - The company has a risk of safety production management that could impact its operations[2]. - The company faces risks related to the inability to achieve mass sales of new products if they do not pass design approval or meet application validation targets, which could adversely affect future performance[122]. - The production of carbon fiber involves hazardous materials, and any mismanagement or operational errors could lead to significant safety incidents, posing a risk to the company's operations[122]. Research and Development - The company aims to enhance its R&D capabilities in advanced composite materials, collaborating with domestic research institutions and manufacturers to expand its market presence[31]. - The company is actively developing high-performance carbon fiber materials for applications in aerospace and medical fields, with several projects already approved and in progress[98]. - The company’s R&D investment in 2022 amounted to approximately ¥192.39 million, representing a decrease of 17.19% from ¥232.39 million in 2021, with the R&D expenditure as a percentage of operating revenue dropping to 7.66% from 8.91%[101]. - The number of R&D personnel increased by 11.84% to 340 in 2022, with a notable rise in the number of personnel holding a master's degree, which increased by 47.62% to 31[99]. Market Position and Strategy - The company is positioned in the carbon fiber industry, which is critical for defense and various industrial applications, indicating a strong market outlook[18]. - The company is a pioneer in the domestic carbon fiber industry, having successfully developed and industrialized carbon fiber, breaking the Western monopoly on technology and equipment[20]. - The company is focusing on expanding into new application areas, including wind power, hydrogen energy, and photovoltaic sectors, to reduce reliance on single markets[69]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[126]. Governance and Compliance - The company has not reported any significant changes in its governance structure[4]. - The governance structure includes a balanced system of the shareholders' meeting, board of directors, supervisory board, and management, ensuring proper checks and balances[128]. - The company has established specialized committees under the board, including a strategy committee, nomination committee, audit committee, and compensation and assessment committee[129]. - The company strictly adheres to laws and regulations regarding information disclosure, ensuring timely and accurate information is available to all investors[130]. Environmental Responsibility - The company adheres strictly to various environmental protection laws and regulations during its operations[176]. - The total wastewater discharge in 2022 was approximately 268,600 cubic meters, with a total discharge of 43 tons per year[178]. - The company has established a wastewater treatment station that meets the urban drainage water quality standards[178]. - The company has implemented an emergency response plan for environmental incidents, filed with the local environmental authority[182]. Acquisitions and Investments - The company made a significant equity investment of ¥32,900,000.00 to acquire 100% of Beijing Lanke Yingsheng Aviation Technology Co., Ltd.[110]. - The company completed the acquisition of a local competitor, which is expected to enhance its market share by 5%[143]. - The company has established a strategic partnership with a leading technology firm to enhance its product offerings and innovation capabilities[143]. Production and Capacity - The production capacity of carbon fiber is 3,655 tons with a utilization rate of 70.06%[40]. - The company has a planned production capacity of 10,000 tons for the low-cost carbon fiber project in Inner Mongolia, with 4,000 tons currently under construction[40]. - The company has achieved a production capacity of 1,190 million meters for carbon beams, with a utilization rate of 49.65%[40]. Employee and Management Information - The total number of employees at the end of the reporting period was 2,175, with 298 in the parent company and 1,877 in major subsidiaries[161]. - The management team consists of experienced professionals with backgrounds in law, engineering, and business management[139][140]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 8.7513 million yuan, with independent directors receiving a total of 360,000 yuan[150]. Investor Relations - The company has engaged in multiple investor relations activities throughout 2022, including meetings and online communications with various institutional investors[123][125]. - The company has not faced any penalties from the China Securities Regulatory Commission or other relevant authorities in the past three years[149].

关于举行2022年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：300699 证券简称：光威复材 公告编号：2023-017 威海光威复合材料股份有限公司 特此公告。 威海光威复合材料股份有限公司董事会 威海光威复合材料股份有限公司（以下简称"公司"）《2022 年年度报告》 全文及摘要于 2023 年 3 月 28 日在中国证监会指定的信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）上披露。 2023 年 3 月 28 日 为便于投资者能够进一步了解公司的生产经营情况，公司将于 2023 年 3 月 30 日（星期四）15：00-17：00 举办 2022 年年度报告业绩说明会，本次业绩说 明会将采用网络远程的方式举行，投资者可登陆全景网"投资者关系互动平台" （http://ir.p5w.net）参与本次业绩说明会。 参加本次年度业绩说明会的人员有：董事长卢钊钧先生、总经理王文义先生、 财务总监熊仕军先生、董事会秘书王颖超先生、独立董事李文涛先生。 为充分尊重投资者、提升交流的针对性，现就公司 ...

Group 1: Business Operations - The company has resumed normal domestic operations in Q2 2020 after a decline due to the pandemic, while overseas shipments to Europe remain paused, affecting only 5% of total shipments [3] - The Baotou project is currently in the land bidding process, with plans to complete construction by the end of next year and commence production the following year [3] - The company has established annual agreements with clients for carbon beam orders, with shipments occurring weekly [2] Group 2: Product Development - T800 carbon fiber is currently in small batch supply and validation, with no pricing pressure felt for mass production products [2] - The T800 level is expected to gradually increase in application, although there is no specific milestone for its development [4] - The T800 product is projected to generate revenue in the tens of millions, with a focus on increasing production capacity [4] Group 3: Market and Pricing - The domestic T700s carbon fiber is currently priced at approximately 130-150 RMB/kg, making it the cheapest globally [6] - The pricing of carbon beams is influenced by carbon fiber prices, which have seen occasional adjustments but remain relatively stable overall [7] - The company’s civil products, aside from carbon beams, have contributed several million in revenue, maintaining a similar status this year [5] Group 4: Financial Aspects - The company has experienced fluctuations in subsidies and other income, primarily from government research project grants and tax rebates [7][8] - Recent asset write-offs have occurred due to the construction of new projects and the disposal of early fixed assets that did not meet technical requirements [8] - The company’s carbon fiber business has shown potential for profitability, with a gradual increase in revenue contributions since 2019 [6]

Group 1: Business Overview - The company's pre-impregnated materials and composite products primarily serve domestic clients, with a significant recovery in business after the initial impact of the pandemic in Q1 2020 [2] - Domestic carbon beam business accounts for 55%, while overseas business represents 45%, with Central Europe at 5% and Central America at 40% [2][3] - The carbon beam business is expected to see stable growth compared to the previous year, although future delivery impacts remain uncertain due to the pandemic [3] Group 2: Revenue Structure - In 2019, carbon fiber accounted for the largest share of revenue, with pre-impregnated materials generating 160 million CNY and composite products in the million-level range [3][4] - Military products contribute the most to profits, accounting for 60-70% of total profit, with T300 products generating approximately 1 billion CNY in business scale [4] Group 3: Cost Reduction Strategies - The company aims to reduce costs in civilian carbon fiber applications, focusing on increasing production efficiency through techniques like "speeding up" and "bundling" [6][7] - The stretching speed has improved from 250 meters/minute to 500 meters/minute, and the fiber bundle size has increased from military specifications to larger civilian specifications [6] Group 4: Future Development Focus - The company plans to focus on carbon fiber and downstream applications, with a goal to enhance capabilities in the composite materials sector through the establishment of an advanced composite materials research center [10] - The center's first phase is expected to cost around 220 million CNY and aims to support future development in composite materials [10] Group 5: Market Applications - Carbon fiber is anticipated to have significant applications in gas cylinders and building reinforcement, with ongoing exploration in the automotive sector [10][11] - The company is optimistic about the potential for carbon fiber in wind power applications, particularly in blade manufacturing, despite current patent restrictions faced by competitors [11]

Group 1: Business Operations - The domestic carbon beam business was impacted early by the pandemic but has since returned to normal, while the Spanish operations remain halted, accounting for only 5.5% of total carbon beam business [2] - The Mexican business experienced a 10-15 day shipment delay but is now stable [3] - The overall carbon fiber business, including military and civilian products, is operating normally with ongoing market development [3] Group 2: Financial Performance - The military contract amount for 2019 was 927 million (including tax), with an execution rate of 86% [4] - The total military contract amount for 2020 is 998 million (including tax), with an execution period from January 1, 2020, to December 31, 2020 [4] - The growth in military contracts from 2019 to 2020 is approximately 8%, with a more than 20% increase when comparing executed amounts [4] Group 3: Production Capacity - The carbon beam production line has 50 lines, each with a capacity of approximately 150,000 meters, with no expansion plans for this year [3] - The T700S and T800S projects are expected to have a production capacity of 2,000 tons, primarily for construction reinforcement and material forming applications [5] Group 4: Customer Base and Revenue - The top three customers contribute 80% of the revenue, with two major clients being a military carbon fiber customer and Vestas in the civilian sector [6] - The stability of orders from these major clients is uncertain, but there is an expectation of some stability in the short term [7] Group 5: Product Development and Market Trends - The company is focusing on domestic carbon fiber material replacement and has been collaborating on verification for domestic alternatives [7] - The carbon fiber application is expected to maintain long-term growth, with advancements in material development leading to increased usage ratios [5]

Group 1: Company Overview and Market Position - Guangwei Composite Materials has a long history of T300 carbon fiber application in military products, with over 30 years of usage in the U.S. [4] - The company is a leader in the development of the next-generation T800 product, which is expected to be adopted in new aircraft models [4][5] - The company has doubled its carbon fiber production capacity in 2017 due to the trial operation of the T700 production line [5] Group 2: Financial Performance and Market Challenges - The company's Q3 performance forecast indicates a slowdown in growth, primarily due to downstream clients' maintenance and holiday shutdowns, leading to reduced shipments [5] - Global carbon fiber capacity utilization is low, estimated at 65%-72%, with China producing around 3,000 tons out of a capacity of 20,000 tons [5][6] - The company has made provisions for impairment on received bills, impacting Q3 performance [5] Group 3: Competitive Landscape and Production Insights - The company maintains a relatively low fixed asset scale compared to competitors, attributed to its gradual investment in fixed assets and reliance on self-developed equipment [6][7] - The company is actively tracking opportunities for carbon fiber applications in the automotive lightweighting sector, collaborating with domestic research institutions [7] - The cost competitiveness of the T700S product is expected to improve as its technology matures [7] Group 4: Raw Material and Supply Chain Considerations - The rise in prices of raw materials such as acrylonitrile and sulfone has a minimal impact on production costs, as they constitute a small portion of the overall cost structure [8] - Guangwei Composite Materials is involved in the C919 large passenger aircraft project, participating in its trial certification [8]