Tongwei Co., Ltd. Included on the List of "100 Most Valuable Main Board Listed Companies" in the China Listed Company Value Selection

A few days ago, the list of companies recognized by the 16th China Listed Company Value Selection was revealed. On account of its steady development and outstanding market performance, Tongwei Co., Ltd. is included on the list of "100 Most Valuable Main Board Listed Companies" in the China Listed Company Value Selection.

The China Listed Company Value Selection, one of the most prestigious listed companies selection events in China, has been held sixteen times. The selection is mainly based upon the general performance of the listed companies in creating wealth for the investors, shareholders and the companies themselves in the year of selection and the prior two years, and only the listed companies who have outstanding financial performance, highly competent corporate governance and excellent management team and who meet the value standards regarding brand and strategy can be included on the list. In this year's selection, the list of winners is finalized after financial performance review, online voting, expert audit and review by authorities.

Leshan Base of Yongxiang Co., Ltd

Tongwei Co., Ltd. is included on the list because of its forward-looking strategy in green agriculture and green energy sectors and the steady and rapid growth of its two main business sectors. In 2021, Tongwei Co., Ltd. accomplished operating revenue of RMB 63.491 billion, with 43.64% year-on-year growth; the net profit allocated to the shareholders of the list company was RMB 8.208 billion, with 127.50% year-on-year growth. This year, the Yongxiang Co., Ltd under the brand of Tongwei Co., Ltd. has accomplished high-purity crystalline silicon production capacity of 230,000t/a, which is still a world-leading figure. As of Q2 of this year, the global shipment of PV cells of TW Solar topped 100GW, making it the first cell manufacturer in the industry to accomplish 100GW cells shipment. In addition to its healthy and robust growth, the market value of Tongwei Co., Ltd. has topped RMB 300 billion for the first time, making it the first company in Chengdu to exceed RMB 300 billion market value.

Meishan Base of TW Solar