Tongwei Expects Net Profit Soars by 259.98%-266.71% In Three Quarters of 2022

PVTIME – On October 9, Tongwei Co., Ltd. (600438.SH) released its performance forecast with an expected increase of 15.455 – 15.855 billion yuan for its net profit attributable to shareholders of listed companies in three quarters of 2022 , and reaching a year-on-year increase of 259.98 – 266.71%. Meanwhile, its net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses will increase by 15.669 billion – 16.069 billion yuan, an year-on-year increase of 264.20 – 270.95%.

The net profit in Q3 2022 will reach a new high as it is calculated to be 9.176 – 9.576 billion yuan, a growth of 30.54 – 36.24% compared with that of Q2 2022, which was 7.029 billion yuan.

What is more, in the first half of 2022, the company achieved operating revenue of 60.0339 billion yuan, a year-on-year growth of 127.16%, and its net profit was 12.224 billion yuan in H1 2022, a year-on-year growth of 312.17%, more than that of LONGi for the first time.