On October 25th, Tongwei Co., Ltd., the world's largest supplier of hi

Published: Oct 26, 2023 09:37

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On October 25th, Tongwei Co., Ltd., the world's largest supplier of high-purity silicon and photovoltaic cells (600438.SH), released its third-quarter report. According to the report, Tongwei's third-quarter net profit plunged 68%, while in the first half of the year, the company's net profit was still on the rise. Since the beginning of this year, the company's quarterly net profit attributable to shareholders has been 8.601 billion yuan, 4.669 billion yuan and 3.031 billion yuan respectively.

In addition, Tongwei Co., Ltd. recently terminated a 160 billion yuan fundraising project, the reason for the termination of the increase being "obvious undervaluation of the company's value". On the secondary market, on October 23rd, Tongwei Co., Ltd.'s stock price just hit a new low this year.

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