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]

Group 1: Investment Projects and Production Capacity - The new production capacity for T700 grade carbon fiber aims to target the civilian market, as most civilian carbon fiber is currently sourced externally. The project utilizes a dry-wet spinning process to produce high-strength carbon fiber, significantly reducing production costs per unit [2][3] - The company is actively working on certifications for civilian products, which will be applied in wind power and marine engineering sectors [3] Group 2: Accounts Receivable and Sales Growth - The rapid growth in accounts receivable is primarily due to large sales from military products, which typically involve longer payment cycles influenced by customer funding conditions and manufacturing schedules [3][4] - Military product sales have not historically resulted in bad debts, indicating a stable collection process [3] Group 3: Military Product Sales and Performance - The total annual contracts for military products in 2017 saw a slight increase, with significant shipments occurring in the first half of the year. However, the overall execution of contracts is expected to remain stable [4] - The slowdown in the third quarter's performance forecast is attributed to customer holidays and scheduled maintenance, but overall operations are proceeding smoothly without major adverse changes in demand or competition [4] Group 4: Research and Development - The company is at the forefront of developing higher-grade carbon fibers, with T300 products currently being used in major equipment models. Once a model is validated, it is unlikely to switch to a different product or supplier [5][6] - The company has invested significant resources in the research and development of T300 grade carbon fiber, achieving stable supply since 2008 [6] Group 5: Equipment and Production Capabilities - Most production equipment is self-developed, with only a small portion of general equipment sourced externally. The company’s subsidiary specializes in designing and manufacturing non-standard equipment [5] - The company is exploring opportunities in automotive lightweighting but has not yet committed significant resources to this area [5]