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Tongwei Co.,Ltd
600438.SH
Tongwei Co.,Ltd engages in the production and distribution of feed products in China and internationally. The company offers fish feed, pig feed, poultry feed and freshwater and aquatic feed; aquatic products; breeding and seedling cultivation; production, wholesale and retail of veterinary drugs, feed pharmaceutical additives; slaughter and processing of fish, pig, duck food and sales of fresh fish. It also produces and sells polysilicon and monocrystalline silicon, polyvinyl chloride and its series products, and caustic soda and ancillary products. In addition, the company operates in monocrystalline and polycrystalline silicon wafers, solar cells, solar cell modules, solar heat pipes, solar water heaters, hot water systems and solar thermal application products; and sale of photovoltaic equipment and technical consultation, as well as provides solar power generation and related services.
6.144 T
600438.SHMarket value -Rank by Market Cap -/-

Financial Score

06/12/2025 Update
D
SemiconductorsIndustry
Industry Ranking135/163
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreD
    • ROE-17.51%E
    • Profit Margin-9.44%D
    • Gross Margin17.27%D
  • Growth ScoreD
    • Revenue YoY-7.96%D
    • Net Profit YoY-24.40%D
    • Total Assets YoY1.72%C
    • Net Assets YoY-7.85%D
  • Cash ScoreE
    • Cash Flow Margin-1059.56%E
    • OCF YoY-7.96%D
  • Operating ScoreC
    • Turnover0.44C
  • Debt ScoreD
    • Gearing Ratio71.95%D

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Institutional View & Shareholder

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    News
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    Tongwei Group's Liu Hanyuan: Although below expectations, still confident in the effective completion and implementation of self-discipline in the photovoltaic industry

    During the 2025 8th China International Photovoltaic and Energy Storage Industry Conference, Liu Hanyuan, Chairman of Tongwei Group, responded to issues such as the integration of polysilicon production capacity in an interview with Jiemian News and other media

    Wallstreetcn·
    SH
    600438
    +0.55%
    Wallstreetcn·
    SH
    600438
    +0.55%

    Rumors triggered a sharp decline in the photovoltaic sector, and the industry association urgently refuted the claims, stating that they will not rest until they eliminate vicious competition

    On November 12th, it was rumored that the "photovoltaic industry storage plan" had failed, leading to a sharp decline in the A-share photovoltaic sector, with the photovoltaic 50 ETF dropping over 5% at one point. The China Photovoltaic Industry Association urgently refuted the rumors, stating that relevant work is progressing steadily. Liu Yiyang, the association's executive secretary, expressed in a social media post that they will promote industry self-discipline and "anti-involution" work under the guidance of relevant ministries, pushing for the orderly exit of backward production capacity from both supply and demand sides, stating, "We will not rest until we eliminate the vicious competition of involution."

    Wallstreetcn·
    SH
    600438
    +0.55%
    Wallstreetcn·
    SH
    600438
    +0.55%

    The three major A-share indices collectively fell at the midday break, with Tongwei Co., Ltd. dropping over 8%

    36Kr learned that the three major A-share indices collectively fell during the midday break, with the Shanghai Composite Index down 0.23%, the Shenzhen Component Index down 1.07%, and the ChiNext Index down 1.58%; the power generation equipment, electrical grid, and semiconductor sectors led the decline, with Longi Green Energy and Tongwei Co., Ltd. dropping over 8%, and Rongfa Nuclear Power falling over 5%; the insurance, oil and gas, and home appliance sectors saw the largest gains, with Aoni Electronics rising over 8%, and New China Life Insurance and China National Offshore Oil Corporation rising over 3%

    36Kr·
    SH
    600438
    +0.55%
    36Kr·
    SH
    600438
    +0.55%

    In half a day, the main funds increased their positions in the basic chemical sector and sold off the computer sector

    In the morning, the main funds had a net inflow in the basic chemical, power equipment, and pharmaceutical biotechnology sectors, while there was a net outflow in the computer, electronics, and non-bank financial sectors. Specifically, in individual stocks, Tongwei Co., Ltd, Haima Automobile, and DFD saw net inflows of 2.426 billion yuan, 1.890 billion yuan, and 1.645 billion yuan, respectively. On the outflow side, Sungrow Power Supply, Industrial Fulian, and Zhongji Xuchuang were sold off for 1.093 billion yuan, 836 million yuan, and 654 million yuan, respectively. (First Financial)

    36Kr·
    SH
    600438
    +0.55%
    SZ
    002407
    -2.46%
    36Kr·
    SH
    600438
    +0.55%
    SZ
    002407
    -2.46%

    Tongwei Co., Ltd. disclosed a production reduction and control plan

    On the 3rd, Tongwei Co., Ltd. held an online briefing on its performance for the third quarter of 2025, addressing hot topics such as the operating performance for the first three quarters and the "anti-involution" in the photovoltaic industry. A relevant person in charge of Tongwei Co., Ltd. stated that after entering the winter dry season, the electricity prices for projects in the southwestern region of the company will increase month-on-month. Affected by this, and considering the need to further maintain the stable operation of the polysilicon market and promote the long-term healthy development of the photovoltaic industry, the company will carry out maintenance work on some projects according to the overall production and operation plan, and will phase out production in an orderly manner

    Zhitong·
    SH
    600438
    +0.55%
    Zhitong·
    SH
    600438
    +0.55%
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