Tongwei Company (600438) Stock Price, Fundamentals & Analysis

What 600438 does

Tongwei Company (600438) is a stock listed on the Shanghai Stock Exchange in the Technology sector, Solar industry. The company produces and sells industrial silicon, high-purity crystalline silicon, solar cells, and modules, and it is also involved in photovoltaic power generation and operation. Tongwei Company was founded in 1995 and is headquartered in Chengdu, China. It is part of the broader Chinese solar and semiconductor ecosystem, alongside peers such as Flat Glass Group (601865), Shanghai Aiko Solar Energy (600732), and Semiconductor Manufacturing International Corporation (688981).

Key numbers explained

• 11.12 CNY is the current price per share of Tongwei Company (600438).
• The price change today of -3.97% shows the percentage the share moved in the session.
• A forward P/E ratio of 22.7 divides the current price by expected future earnings; it is a common way to compare how the market values growth versus current earnings.
• Earnings per share (trailing 12 months) of -2.16 CNY means the company lost money on a per-share basis over the last year.
• The dividend yield of 0% and 0% of earnings paid out as dividends indicate that Tongwei Company does not currently pay a cash dividend.
• Beta of 0.27 suggests the stock has historically moved less than the overall market.
• The 52-week range of 10.32 – 27.75 shows the lowest and highest prices in the past year, with the current price near the low end.
• Revenue (trailing 12 months) of 77.98 mld. CNY and revenue growth of -9.5% year over year show the scale and recent trend of sales.

What to watch

• The solar industry is cyclical and sensitive to policy changes, supply-demand balance, and raw-material costs, all of which can affect companies like Tongwei Company.
• Profitability metrics such as profit margin (-12.5%), operating margin (-18.8%), and return on equity (-22.8%) highlight the impact of recent losses on the business.
• The debt-to-equity ratio of 215.1% is a measure of financial leverage; high leverage can amplify risk during downturns.
• The price-to-book ratio of 1.45 compares the market price to the company's book value, a metric often used alongside other fundamentals.
• Investors tracking Chinese technology stocks may compare Tongwei Company with peers such as StarPower Semiconductor (603290) and Montage Technology (688008).