PVTIME – Tongwei Co., Ltd. (hereinafer referred to as “Tongwei” or the “Company”)(600438.SH) announced a brief report on the Year-End 2021 Earnings on February 13.
As preliminary accounting, the company achieved an operating income of 66.602 billion yuan in 2021, a year-on-year increase of 50.68%. Net profit attributable to shareholders of listed companies was 8.203 billion yuan, a year-on-year increase of 127.35%. After deducting non-recurring gains and losses, the net profit attributable to shareholders of listed companies was 8.382 billion yuan, a year-on-year increase of 248.03%. The basic earnings per share was 1.8222 yuan, a year-on-year increase of 112.35%.
By the end of 2021, the company’s total assets were 88.301 billion yuan, and the owner’s equity attributable to shareholders of listed companies was 37.470 billion yuan, an increase of 37.4% and 22.62% respectively over the end of the previous year.
The reasons for the change in performance are as follows:
The demand for high-purity crystalline silicon in the downstream of the industry was high and the price was increased significantly in 2021. And the high-purity crystalline silicon production in the company had to be operated at full capacity, then the annual sales reached 107,700 MT, a year-on-year increase of 24%, thus the profits increased crucially. At the same time, the solar cells, feed and other business of the company have strong market competitiveness and gone steadily,therefore made profit gained.
