Tongwei Co.,Ltd

Equities

600438

CNE000001GS3

Renewable Energy Equipment & Services

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
21.68 ^CNY	+2.02%		-5.86%	-13.38%

Mar. 05	Tongwei's Chairman Calls for Stimulus for Big Hydro Power Projects	MT
Feb. 05	Tongwei Issues 500 Million Yuan Green Bonds	MT

Tongwei Co.,Ltd cancelled the transaction announced on April 25, 2023

September 24, 2023

On September 25, 2023, Tongwei Co.,Ltd, cancelled the transaction. The transaction has been approved by the shareholders of the company in the 13th session of the company?s 8th directorate and the 11th session of the company?s 8th supervisory board.

Latest news about Tongwei Co.,Ltd

Tongwei's Chairman Calls for Stimulus for Big Hydro Power Projects	Mar. 05	MT
Tongwei Issues 500 Million Yuan Green Bonds	Feb. 05	MT
Shanghai-Listed Firms Actively Repurchase Shares as Regulators Focus on Market Value	Feb. 01	MT
Tongwei plans $3.9 bln project to boost silicon production	Dec. 26	RE
Tongwei to Build 28 Billion Yuan Green Substrate Integration Project	Dec. 26	MT
Chinese Polysilicon Maker Tongwei Plans $3.92 Billion Plant in Northern China	Dec. 26	DJ
RoboTechnik Signs 141 Million Yuan Deal With Tongwei Unit	Nov. 06	MT
Tongwei's Profit Slumps 68% in Q3	23-10-26	MT
Tongwei Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2023	23-10-25	CI
Tongwei Issues Green Bonds Worth 500 Million Yuan	23-10-20	MT
Hunan Huamin Lands 4.5 Billion Yuan Tongwei Solar Wafer Supply Deal	23-10-10	MT
Nomura Adjusts Tongwei’s Price Target to 30 Yuan From 38 Yuan, Keeps at Neutral	23-10-04	MT
Tongwei Drops 16 Billion Yuan Share Sale Plan	23-09-27	MT
Tongwei Co.,Ltd cancelled the transaction announced on April 25, 2023	23-09-24	CI
Jefferies Adjusts Tongwei’s Price Target to 51.05 Yuan From 61.90 Yuan, Keeps at Buy	23-08-25	MT
Tongwei to Invest 10 Billion Yuan in New PV Components Project	23-08-22	MT
Tongwei’s H1 Profit Rises 9%, Revenue Climbs 23% as Solar Power Boom Continues	23-08-22	MT
Tongwei Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-16	CI
Tongwei Becomes First Photovoltaic Company to Enter Fortune Global 500	23-08-04	MT
Nomura Adjusts Tongwei’s Price Target to 38 Yuan From 54 Yuan, Keeps at Neutral	23-05-08	MT
Tongwei’s Q1 Profit Surges 66% as Revenue Climbs 35% Amid Solar Power Boom	23-04-24	MT
Tongwei's First-Quarter Profit Jumps 66%, Driven by Revenue Growth	23-04-24	DJ
Tongwei Co.,Ltd announced that it expects to receive CNY 16 billion in funding	23-04-24	CI
Tongwei Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-24	CI
Tongwei Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2022	23-04-24	CI

Chart Tongwei Co.,Ltd

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Company Profile

Tongwei Co., Ltd. is a diversified company. Net sales (before elimination of intragroup sales) are divided as follows: - production of photovoltaic cells and modules (35.7%); - production of animal feeds (35.2%): in particular, feeds for fish, pigs and poultry. In addition, the group is developing its activity into fish farming; the distribution of veterinary products and food additives; and the sale of fish-, pork- and poultry-based food products; - production of polysilicon, monocrystalline silicon and chemicals for solar cell manufacture (26.8%); - operation of photovoltaic power plants (2.3%); 90.2% of the net sales (before elimination of intragroup sales) are conducted in China.

Sector

Renewable Energy Equipment & Services

Calendar

2024-04-29 - Q4 2023 Earnings Release

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Income Statement Evolution

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Ratings for Tongwei Co.,Ltd

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

21.68 CNY

Average target price

31.69 CNY

Spread / Average Target

+46.19%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Photovoltaic Solar Systems & Equipment

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Photovoltaic Solar Systems & Equipment