---
title: "Tongwei Co.,Ltd (600438.SH)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/600438.SH.md"
symbol: "600438.SH"
name: "Tongwei Co.,Ltd"
industry: "Semiconductors"
datetime: "2026-05-20T00:05:56.723Z"
locales:
  - [en](https://longbridge.com/en/quote/600438.SH.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600438.SH.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600438.SH.md)
---

# Tongwei Co.,Ltd (600438.SH)

## Company Overview

Tongwei Co.,Ltd engages in the production and sales of industrial silicon and high-purity crystalline silicon for solar energy, chemical products, silicon rods, silicon wafers, solar cells, and modules in China and internationally. It is involved in the generation of electricity and related businesses; production and sale of feed, etc.; and aquaculture, seedling cultivation, food processing, etc. The company also engages in technical services; power supply; photovoltaic new energy; sale of battery cell and components; and photovoltaic power operation. Tongwei Co., Ltd was founded in 1995 and is headquartered in Chengdu, China.

| Item | Detail |
|------|--------|
| Industry | Semiconductors |
| Exchange | CN Market |
| Website | [www.tongwei.cn](https://www.tongwei.cn) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: D
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-19T04:30:10.000Z

**Overall: D (0.75)**

**Industry**: Semiconductors

| Metric | Value |
|--------|-------|
| Industry Ranking | 147 / 165 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Large - The company has stable operations, allowing for dependable long-term returns.

**Multi Score**: D

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -9.10% |  |
| Net Profit YoY | -6.34% |  |
| P/B Ratio | 2.07 |  |
| Dividend Ratio | 0.00% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 72277900702.39 |  |
| Revenue | 80243262261.34 |  |

#### Multi Score Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -22.73% | E |
| Profit Margin | -11.71% | D |
| Gross Margin | -4.03% | E |
| Revenue YoY | -9.10% | D |
| Net Profit YoY | -6.34% | C |
| Total Assets YoY | -10.55% | E |
| Net Assets YoY | -16.93% | E |
| Cash Flow Margin | -1.91% | D |
| OCF YoY | -9.10% | D |
| Turnover | 0.41 | C |
| Gearing Ratio | 74.23% | D |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Tongwei Co.,Ltd",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-9.10%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "-6.34%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "2.07",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.00%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "72277900702.39",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "80243262261.34",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "-22.73%",
          "rating": "E"
        },
        {
          "name": "Profit Margin",
          "value": "-11.71%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "-4.03%",
          "rating": "E"
        },
        {
          "name": "Revenue YoY",
          "value": "-9.10%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "-6.34%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "-10.55%",
          "rating": "E"
        },
        {
          "name": "Net Assets YoY",
          "value": "-16.93%",
          "rating": "E"
        },
        {
          "name": "Cash Flow Margin",
          "value": "-1.91%",
          "rating": "D"
        },
        {
          "name": "OCF YoY",
          "value": "-9.10%",
          "rating": "D"
        },
        {
          "name": "Turnover",
          "value": "0.41",
          "rating": "C"
        },
        {
          "name": "Gearing Ratio",
          "value": "74.23%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -7.71 | 118/165 | - | - | - |
| PB | 2.07 | 8/165 | 2.39 | 2.11 | 1.90 |
| PS (TTM) | 0.90 | 5/165 | 1.13 | 1.03 | 0.90 |
| Dividend Yield | 0.00% | - | 5.58% | 5.53% | 5.30% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | Cambricon (688256.SH) | A | A | B | A | B | A |
| 02 | Rockchip (603893.SH) | A | A | A | A | B | A |
| 03 | Puya semiconductor (688766.SH) | B | A | A | B | B | A |
| 04 | Hygon Information Technology (688041.SH) | B | A | C | B | C | B |
| 05 | Montage Technology (688008.SH) | A | A | D | A | B | B |

## Institutional View

### Analyst Rating Distribution

> As of 2026-05-17T16:00:00.000Z

Total Analysts: **19**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 5 | 26% |
| Overweight | 5 | 26% |
| Hold | 4 | 21% |
| Underweight | 2 | 11% |
| Sell | 3 | 16% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 16.11 |
| Highest Target | 30.00 |
| Lowest Target | 13.00 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/600438.SH/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/600438.SH/norm.md)
- [Related News](https://longbridge.com/en/quote/600438.SH/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/600438.SH/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**