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 pressure. 5% year on year. . (Yicai) Oct. 26 -- Shares of Tongwei and TCL Zhonghuan Renewable Energy Technology fell after the two global photovoltaic material titans announced double-digit slumps in revenue for the third quarter due to lower product prices. Tongwei [SHA: 600438] finished the today 5. 04 billion ($969 million) for 2024, down 152% from a net profit of CNY 13. 2/W levels in China, the biggest integrated manufacturers continue to move ahead on their expansion plans. Tongwei, the Chengdu-based food and aquaculture firm that was happy to stop at cell manufacturing until a little over a year back, has. . Two major photovoltaic companies vowed on Tuesday to cut production volume as the industry navigates through supply-demand imbalances and excess outdated capacity, leading to intense price-centered competition. Experts deem output management and technological innovation as crucial for companies to. . Fitch Ratings - Hong Kong - 26 Jul 2024: Fitch Ratings has affirmed China-based polysilicon and integrated solar module producer Tongwei Co., Ltd's Long-Term Issuer Default Rating (IDR) at 'BBB-' and maintained the Negative Outlook.
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