Ranking on the Rise! Tongwei Secured the 127th Position on the 2024 Fortune China 500 List
On July 25, FortuneChina.com released the list of 2024 Fortune China 500. Demonstrating a robust development trajectory, Tongwei once again made the list, achieving an overall ranking of 127th, a rise of 9 positions from last year, and stands as the top company in China's aquaculture and photovoltaic sectors, with its strength being highly recognized by international authoritative institutions.
Tongwei is ranked 127th on the 2024 Fortune China 500 list.
The Fortune China 500 list has a history of 24 years. This year's ranking follows the same methodology as the Fortune Global 500 and includes both listed and non-listed companies. The report shows that the total revenue of the 500 listed Chinese companies reached USD 14.6 trillion in 2023, with a net profit of USD 706.4 billion. Among them, Tongwei ranks 127th, climbing 9 positions from the previous year, and is recognized as the leader in China's aquaculture and PV sectors.
Tongwei ranks 127th on the Fortune China 500 list
Tongwei has always aligned with national strategies, prioritizing technological innovation. Yongxiang Co., Ltd., under the brand of Tongwei, has successfully developed the "Yongxiang Process", which has advanced to its eighth generation and has been prepared for the ninth generation, achieving a product purity of 99.999999999% (11N). The electronic-grade polysilicon has been exported to overseas markets in batches. In the realms of solar cells and PV module manufacturing, Tongwei is continuously enhancing its independent research and development capabilities to maintain a leading edge in progress. Since 2023, Tongwei has set a world record for the eighth time in the history of heterojunction module power and for the third time in the history of TNC series products. Tongwei pioneered the "Integration of Fishery and PV" green industry development model, realizing a harvest in three industries, namely "fishing, electricity, and environmental protection" through the combination of "PV and aquaculture", showcasing the limitless potential of the "PV+" concept. Currently, Tongwei ranks first in the production and sales of high-purity crystalline silicon in the world, first in the shipment of high-efficiency cells for seven consecutive years, and top five in the global shipment of high-efficiency modules. It has become a key player and one of the main driving forces for the development of the global PV industry, continuously injecting strong momentum into the world.
Tongwei Fishery-PV-Integrated Eco-park in Dongying
In August of last year, Tongwei Group made its debut on the 2023 Fortune Global 500 list, becoming the first enterprise in the global PV sector to achieve this status. In 2024, Tongwei's brand value hit a record high at RMB 230,559 million, and continued to rank first in the world's aquaculture and PV sectors, which demonstrates its robust development capabilities. For 42 years, Tongwei has consistently adhered to the "dual green" development path, actively fulfilled the social responsibilities of renewable energy enterprises, and promoted global sustainable development. The company has earned widespread recognition from the community, and has received numerous accolades, including the World's 500 Most Influential Brands, the Top 500 Global New Energy Enterprises, the Top 500 Private Enterprises in China, the Top 100 Private Manufacturing Enterprises in China, and the Top 100 Global PV Brands.
In response to the new wave of technological revolution and industrial transformation, Tongwei will continue to enhance technological research and innovation, tackle critical core technology challenges, actively cultivate new quality productive forces, and further strengthen China's PV industry's core competitive advantages. The company aims to contribute significantly to the transition to green energy in China and globally, as well as to achieving the "dual carbon" goals, thus advancing the Chinese path to modernization and fostering sustainable development for all mankind.
