Tongwei Nixing Capital Increase in Jiangsu Runyang New Energy Technology -February 16, 2025 at 09:22 pm EST

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February 16, 2025 at 09:22 pm EST

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Tongwei Nixing Capital Increase in Jiangsu Runyang New Energy Technology	Feb. 16	MT
Tongwei Says Scraps Plan To Boost Capital In Jiangsu Runergy New Energy Technology	Feb. 14	RE
China renewable stocks slide after state planner scales back subsidies	Feb. 09	RE
China renewable stocks slip after state planner scales back subsidies	Feb. 09	RE
Tongwei to Swing to Loss in 2024	Jan. 19	MT
Tranche Update on Tongwei Co.,Ltd’s Equity Buyback Plan announced on April 30, 2024.	Jan. 03	CI
Tongwei Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2024	24-10-30	CI
Chinese Polysilicon Manufacturers Rally Thursday on Possible Production Curbs	24-10-25	MT
Tranche Update on Tongwei Co.,Ltd’s Equity Buyback Plan announced on April 30, 2024.	24-10-09	CI
Tongwei to Supply 1.18 Gigawatts of Solar Modules to Saudi Arabian Power Company	24-09-27	MT
Shichuang Energy Partners With Tongwei, Jingsheng Electromechanical to Develop Stacked-Grid Photovoltaic Modules	24-09-22	MT
Jefferies Adjusts Tongwei’s Price Target to 25.17 Yuan From 29.32 Yuan, Keeps at Buy	24-09-03	MT
Tongwei Swings to H1 Loss as Operating Income Falls 41%	24-09-02	MT
Tongwei Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2024	24-08-26	CI
Tongwei to Buy 51% of Runergy for 5 Billion Yuan; Shares Jump 6%	24-08-14	MT
Chinese solar firm Tongwei plans to take controlling stake in Runergy for $698 mln	24-08-14	RE
Macquarie Upgrades Tongwei to Outperform From Underperform; Price Target is 21.87 Yuan	24-08-14	MT
Tongwei Co.,Ltd agreed to acquire 51% stake in Jiangsu Runergy New Energy Technology Co., Ltd. from Jiangsu Yueda Group Co.Ltd. for CNY 5.0 billion.	24-08-13	CI
Jiangsu Runergy New Energy Technology Co., Ltd. announced that it expects to receive CNY 5 billion in funding from Tongwei Co.,Ltd, Jiangsu Yueda Group Co.Ltd.	24-08-13	CI
Aotecar New Energy Technology Co., Ltd. Approves Board Appointments	24-07-30	CI
LONGi’s Market Cap Falls to Below 100 Billion Yuan	24-07-10	MT
Nomura Adjusts Tongwei’s Price Target to 19 Yuan From 22 Yuan, Keeps at Neutral	24-07-05	MT
Tongwei Issues Green Ultra-Short-Term Bonds of 500 Million Yuan	24-05-29	MT
Tongwei Strikes 39 Billion Yuan Sales Deal With LONGi	24-05-13	MT
Nomura Adjusts Tongwei’s Price Target to 22 Yuan From 30 Yuan, Keeps at Neutral	24-05-10	MT

Duration

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600438: Dynamic Chart

Tongwei Co., Ltd. is a diversified company. Net sales (before elimination of intragroup sales) are divided as follows:

– production of photovoltaic cells and modules (35.7%);

– production of animal feeds (35.2%): in particular, feeds for fish, pigs and poultry. In addition, the group is developing its activity into fish farming; the distribution of veterinary products and food additives; and the sale of fish-, pork- and poultry-based food products;

– production of polysilicon, monocrystalline silicon and chemicals for solar cell manufacture (26.8%);

– operation of photovoltaic power plants (2.3%);

90.2% of the net sales (before elimination of intragroup sales) are conducted in China.

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