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The subsidiary signed a large contract worth 3.664 billion yuan. Can it provide Weihai Guangwei Composites with a sense of assurance? | Quick read of the announcement.
① Weihai Guangwei Composites announced that its wholly-owned subsidiary, Weihai Expansion, signed a "Material Purchase Contract" with Client A, with a total contract amount of 3.664 billion yuan. ② In the company's Carbon Fiber Business, the growth of Aviation-related sectors is relatively fast, including T300 grade/T700G grade/T800H grade.
Express News | Weihai Guangwei Composites Says Unit Signs Contract to Buy Carbon Fiber and Carbon Fiber Fabric Worth 3.7 Bln Yuan
Weihai Guangwei Composites (300699.SZ): Weihai Expansion signed a material procurement contract worth 3.664 billion yuan.
Gelonghui reported on December 25 that Weihai Guangwei Composites (300699.SZ) announced that recently, its wholly-owned subsidiary Weihai TuoZhan Fiber Co., Ltd. (referred to as "Weihai TuoZhan") signed a "Material Procurement Contract" with Client A, with a total contract amount of 3.6636 billion yuan.
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China International Capital Corporation: High-temperature resistant composite materials are key materials for the thermal structure of aircraft, and industry demand is expected to be released rapidly.
With the deployment of high-end equipment represented by hypersonic equipment, the demand for high-temperature resistant composite materials is expected to show strong elasticity, and core enterprises in the industry chain are likely to fully benefit.
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