Liu Shuqi, chairman of Tongwei Co., Ltd., pointed out at a recent results conference that with the gradual release of new production capacity, commodity prices, which have remained high in
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We think Tongwei will remain profitable given its cost advantage, but returns on investment and profit margins will be dampened.
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According to a LONGi investor presentation, the price of wafers and modules dropped 50 percent in 2023, while prices for polysilicon and cells dropped by 66 percent and 55 percent...
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However, prices for these components have sharply declined, with polysilicon dropping by over 35 percent, wafers by more than 45 percent, and cells and modules by over 25 percent.
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According to a LONGi investor presentation, the price of
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We expect limited downside to current price levels, with monthly production peaking in April 2024 and Tongwei''s major competitors starting facility maintenance and postponing new plant construction.
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The company blamed the downturn on oversupply and steep price declines across the solar value chain, which pushed selling prices below industry cash costs. An additional CNY 1.07
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Following the recent sharp price cuts of LONGi and Zhonghuan silicon wafers, on December 27, the latest solar cell prices announced by Tongwei also began to cut prices sharply.
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Even as module prices fell below the widely watched $0.2/W levels in China, the biggest integrated manufacturers continue to move ahead on their expansion plans.
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Tongwei, GCL Technology and Daqo New Energy all reported steep first-half 2025 losses on weak polysilicon prices, with rising n-type output and cost controls failing to offset margin
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Last year, Tongwei benefited from a sharp increase in silicon prices, but as more new capacity came on stream product prices began to fall from December and excess capacity is
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