L R AS Published on Tuesday 5 April 2022 - n° 400 - Categories:company results

Tongwei: 5x net profit in H1 2022?

Tongwei's net profit is expected to increase fivefold in thefirst half of 2022 compared with the same period in 2021 (to around

800 million) as a result of higher silicon prices and new capacity coming on stream,

https://www.pv-tech.org/tongwei-set-for-six-fold-profit-leap-after-polysilicon-solar-cell-prices-stay-high/

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Tongwei has signed an agreement to build a 32 GW cell factory in Sichuan province. The investment is worth $1.9 billion.

https://www.pv-magazine.com/2022/04/01/chinese-pv-industry-brief-tongwei-deploys-another-32gw-of-solar-cell-capacity/

PV Magazine of1 April 2022

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