GW COMPOS(SZ:300699)2022-12-04 09:14Group 1: Financial Performance - The net profit margin for the carbon beam business is approximately 5% [2] - The carbon beam business has a payment cycle of around 3 months [4] Group 2: Supply Chain and Production - The main source of large tow carbon fiber is currently from Taiwan, with some supply from Turkey and domestic sources [3] - The company has 50 production lines for carbon beams, with 10 lines expected to start production in the second half of 2019, each capable of producing about 150,000 meters annually [4] - The first phase of the large tow project in Baotou is expected to be operational by 2021 [3] Group 3: Research and Development - The company invests in R&D for various carbon fiber types, including T800 and M40J, with costs accounted as R&D expenses [5] - The T700G production technology is mature, and production capabilities have been established since 2017 [5] - The T800H grade carbon fiber is currently under verification, with small batch product demand [5] Group 4: Market and Applications - High-strength and high-modulus fibers are primarily used in aerospace and high-end sports equipment [4] - The company is involved in the C919 aircraft project, participating in the PCD airworthiness certification with its carbon fiber [6]