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Research reports dig deep | Changjiang Securities: Tongwei Co.,Ltd. significantly reduced losses in Q3, maintaining industry-leading costs, and solidifying its leading position.
CICC research reports pointed out that tongwei co.,ltd (600438.SH) had a Q3 net profit attributable to the parent of -0.844 billion yuan, a year-on-year decrease of 127.84%, a sequential decrease in losses. Looking at Q3 in detail, the Company's silicone material Baoshan project has completed the ramp-up, the total shipment volume of silica material has further increased, costs have been greatly optimized due to the decrease in electricity prices during the abundant water period, the industrial silicon price reduction, and the completion of capacity ramp-up in yunnan. In terms of batteries, the shipment volume in Q3 has further increased compared to the previous period, overall losses were affected by the perc and large size ramp-up drag. The scale of component shipments remained basically flat compared to the previous period, with operating income slightly in the red. The profit contribution of agricultural and animal husbandry power stations is relatively stable.
tongwei co.,ltd (600438.SH) has spent 2.001 billion yuan to repurchase 2.25% of the shares.
Tongwei Co.,Ltd (600438.SH) announced that, as of October 31, 2024, the company has obtained the Shanghai Securities and Exchange Commission certification...
Tongwei Co.,Ltd (SHSE:600438) Just Reported And Analysts Have Been Lifting Their Price Targets
Everbright Securities: In 2025, the dawn of wind power and photovoltaics is emerging, and it is expected that the prosperity of energy storage and the grid will remain strong.
In 2024-2025, the certainty of the growth rate of the power grid sector is stronger, it can be used as a core sector for allocation, and the sector's performance growth can be gradually realized.
Tongwei Co., Ltd.: Report of Tongwei Co., Ltd. for the third quarter of 2024
Tongwei Co., Ltd. Third Quarter Report 2024
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102884128 : getting disappointed with this counter. every day drop.