Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
600438.SS
STRONG SELLTongwei Co.,Ltd · Technology · China · $7.9B · Avg Vol: $100M/d
COMPANY DESCRIPTION
Tongwei is a global leader in the solar photovoltaic (PV) industry, operating as the world's largest producer of high-purity crystalline silicon and solar cells. The company also maintains a highly profitable agricultural segment focused on aquaculture feed, creating a unique "PV + Agriculture" business model. Its massive scale, advanced manufacturing technology, and industry-leading cost structure provide a formidable competitive advantage in the global solar supply chain.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.0B | 20.5B | 13.5B | 12.4B | -16.1% | 11.8B | 13.6B | 16.2B | 14.5% |
| EPS | 0.84 | 0.44 | -0.23 | -0.31 | -47.3% | -0.31 | — | — | — |
| Shares | 4.5B | 4.5B | 4.5B | 4.5B | +0.0% | 4.5B | — | — | — |
| Debt | 4.5B | 6.7B | 12.4B | 13.9B | 45.0% | 14.7B | — | — | — |
| Equity | 9.0B | 9.1B | 7.1B | 5.7B | -13.8% | — | — | — | — |
| Op CF | 6.5B | 4.5B | 168.5M | 203.1M | -68.4% | 26.5M | — | — | — |
| Inv CF | -3.1B | -6.6B | -4.2B | -1.9B | — | — | — | — | — |
| Fin CF | 1.4B | -952.2M | 4.0B | 1.8B | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 600438.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 600438.SS | Tongwei Co.,Ltd(you) | $7.9B | 10 | STRONG SELL |
| 688223.SS | Jinko Solar Co., Ltd. | $7.1B | 23 | SELL |
| 002459.SZ | JA Solar Technology Co., Ltd. | $3.9B | 12 | STRONG SELL |
| 688599.SS | Trina Solar Co., Ltd. | $4.7B | 25 | SELL |
| 002506.SZ | GCL System Integration Technology Co., Ltd. | $2.6B | 17 | STRONG SELL |
| 002865.SZ | Hainan Drinda New Energy Technology Co., Ltd. | $2.6B | 2 | STRONG SELL |
| 600732.SS | Shanghai Aiko Solar Energy Co.,Ltd. | $4.0B | 26 | SELL |
| 300118.SZ | Risen Energy Co.,Ltd. | $2.0B | 8 | STRONG SELL |
| 3800.HK | GCL Technology Holdings Limited | $2.8B | 22 | SELL |
| 301658.SZ | Shenzhen SOFARSOLAR Co., Ltd. | $1.6B | 9 | STRONG SELL |
Peer medians: ROE 3.6% · P/E 68.0x · Gross margin 25.9%