On August 17, 2022, Tongwei Co., Ltd. released its semi-annual report. Its revenue in the first half of the year was 60.339 billion yuan, a year-on-year increase of 127.16%; the net profit attributable to shareholders of listed companies was 12.224 billion yuan, a year-on-year increase of 312.17%. Annual net profit increased by nearly 50%. In the first quarter of 2022, Tongwei achieved a net profit of 5.194 billion yuan. Based on this calculation, the company's second-quarter net profit reached 7.03 billion yuan, an increase of 35.3% month-on-month.

On the same day, Tongwei also announced an expansion plan totaling 28 billion yuan. The company plans to invest in Baoshan City and Baotou City, respectively, with an annual output of 200,000 tons of high-purity crystalline silicon and supporting projects. Longzhong Information previously predicted that according to the plans of various companies, by 2023, Tongwei's silicon material production capacity will reach 430,000 tons. After the completion of the above two projects, Tongwei's silicon material production capacity will double.

The main business of Tongwei Co., Ltd. includes two major sectors: agriculture, animal husbandry and new energy. The agricultural field includes the research, production and sales of aquatic feed, livestock and poultry feed and other products. In terms of new energy, high-purity crystalline silicon, solar cells and other products are the main products.

In addition to the fields of crystalline silicon and batteries, Tongwei has also combined photovoltaic power generation with fishery to develop and construct the "fishing-light integration" project. As of the end of the reporting period, Tongwei had built 51 photovoltaic power stations mainly focusing on "fishing and photovoltaic integration", with a cumulative installed capacity of more than 3.12 GW connected to the grid, and the settled power generation in the first half of the year was 1.916 billion kWh. As of the close on August 17, Tongwei shares rose 2.32% to close at 54.8 yuan per share, with a total market value of about 246.7 billion yuan. Editor / Zhao E