TONGWEI CO.,LTD(SH:600438) Xin Lang Cai Jing·2025-12-01 03:26Core Viewpoint - Tongwei Co., Ltd. has shown a mixed performance in stock price and financial results, with a notable decline in revenue and net profit for the first nine months of 2025, while maintaining a significant market presence in the photovoltaic and feed industries [1][2]. Financial Performance - As of October 31, 2025, Tongwei Co., Ltd. reported a revenue of 646.00 billion yuan, a year-on-year decrease of 5.38%, and a net profit of -52.70 billion yuan, down 32.64% compared to the previous year [2]. - The company's stock price increased by 5.65% year-to-date, with a recent 2.10% rise on December 1, 2025, reaching 23.36 yuan per share [1]. Shareholder Information - The number of shareholders increased to 252,000, a rise of 1.12%, while the average number of circulating shares per person decreased by 1.11% to 17,865 shares [2]. - The company has distributed a total of 251.92 billion yuan in dividends since its A-share listing, with 169.23 billion yuan distributed in the last three years [3]. Market Position - Tongwei Co., Ltd. operates primarily in the photovoltaic sector, with 65.86% of its revenue coming from solar-related products and 32.89% from feed and food products [1]. - The company is categorized under the power equipment and photovoltaic equipment industry, with significant involvement in multi-crystalline silicon and HJT battery sectors [1]. Institutional Holdings - As of September 30, 2025, major institutional shareholders include Hong Kong Central Clearing Limited, holding 136 million shares, and various ETFs, all of which have seen a reduction in their holdings compared to the previous period [3].