On March 19, 2025, Tongwei Co., Ltd. (stock code: 600438) closed at 21.12 yuan, experiencing a 1.72% decline from the previous trading day, with a total transaction volume of 908 million yuan. After the market closed on that day, data revealed a block trade involving 158,600 shares, amounting to 3.35 million yuan. The transaction price was equal to the closing price, showing no premium or discount. The buyer was Guotai Junan Securities Co., Ltd., while the seller was Haitong Securities Co., Ltd.. This transaction accounted for 0.37% of the day’s competitive trading volume.
On the same day, Tongwei’s opening price was 21.46 yuan, with a daily high of 21.50 yuan and a low of 21.07 yuan, resulting in a 2.00% fluctuation. The total trading volume reached 428,300 lots, with a turnover rate of 0.95%, bringing the total market capitalization to 95.082 billion yuan.
According to real-time data, the company’s current price-to-earnings ratio stands at -17.95, and the price-to-book ratio is 1.92. The company operates within sectors such as photovoltaic equipment, new energy, and convertible bond targets.
The block trade information indicates that both the buyer and seller were brokerages’ headquarters, and the transaction price matched the closing price in the secondary market. Recently, Tongwei has also made strides in technology development; on March 5, its THC210 high-efficiency heterojunction module set a world record for the eighth time, achieving a conversion efficiency surpassing 25.21%.
Additionally, the company announced that as of March 6, it had repurchased a total of 102 million shares, representing 2.26% of its total share capital, with a total expenditure of 2.008 billion yuan. In the secondary market, Tongwei’s stock price fluctuations this year have been influenced by industry and market factors, prompting investors to make decisions cautiously by considering the company’s fundamentals and market environment.
