On March 14, Tongwei Co., Ltd. reported a significant increase in its stock price, which closed at 21.63 CNY, reflecting a 2.90% rise from the previous day. The trading volume reached an impressive 1.574 billion CNY, with over 725,600 shares exchanged. The stock fluctuated within a range of 21.04 CNY to 21.98 CNY, resulting in a volatility of 4.47%. As of this date, the company’s market capitalization stood at approximately 97.378 billion CNY, with a price-to-book ratio of 1.96.
In recent news, Tongwei’s green silicon industrial park project, located in Baoshan, Yunnan, officially commenced construction on March 14. This project is designed to produce 500,000 tons of high-purity polysilicon annually, making it the largest polysilicon production facility globally upon completion.
Additionally, Tongwei has entered into a comprehensive cooperation agreement with Huawei, aiming to deepen technological integration in the fields of smart photovoltaics and digital energy, thereby promoting the intelligent upgrade of the solar energy industry.
According to the National Energy Administration, China’s newly installed photovoltaic capacity in 2023 is projected to increase by 148% year-on-year, indicating a robust and growing demand in the sector.
Risk Warning: Factors such as technological iterations in the photovoltaic industry, fluctuations in raw material prices, and intensified market competition may impact the company’s performance.
