Chengdu Daily丨Best Performance of All Time in Chengdu's Stock Market - Tongwei Co., Ltd. Obtained Net Profit over RMB 8 Billion in 2021

Source: Chengdu Daily

Reporter: Liu Taishan

According to the performance report disclosed by Tongwei Co., Ltd. today, its revenue in 2021 was RMB 66.602 billion, a year-on-year increase of 50.68%; the net profit attributable to the parent company was RMB 8.203 billion, a year-on-year increase of 127.35%. In 2021, benefiting from the growth of downstream demand, the high-purity crystalline silicon products were in short supply, and the market price increased significantly year-on-year, making the Company's high-purity crystalline silicon production capacity at full capacity continuously. Therefore, the annual sales volume was 107,700 tons, with a year-on-year increase of 24%, and the profit increased significantly. At the same time, the Company's business segments including solar cells and feed have been operating steadily, maintaining strong market competitiveness. It is worth mentioning that the profit of RMB 8 billion obtained by Tongwei Co., Ltd. also set the best performance record of all time in Chengdu's Stock Market.

IGV trolley runs efficiently in the intelligent manufacturing workshop of Tongwei Solar PV Industry Base Project

As a pioneer in the PV sector, Tongwei Co., Ltd. entered the PV new energy industry in 2007. The industrial chain has formed a complete PV new energy industrial chain with independent intellectual property rights from the production of high-purity crystalline silicon in the upstream, the production of high-efficiency solar cells in the midstream, and then to the vertical integrated PV enterprise for the construction and operation of terminal PV power stations. Recently, the Joint Office for Promoting Development of Chengdu-Chongqing Economic Circle officially released the List of Major Projects for Co-development of Chengdu-Chongqing Economic Circle in 2022, which includes the Tongwei Solar PV Industry Base Project. The reporter learned that the Tongwei Solar PV Industry Base Project of is located in Huaikou Town, Jintang County, Chengdu. As a major investment project in Sichuan, this project has total investment of approx. RMB 20 billion, expected newly increased output value approx. RMB 70 billion and annual tax contribution approx. RMB 2 billion.