Tongwei Co., Ltd. (600438.SH) released semi-annual results, with a net loss of 5.119 billion yuan to mother

According to Zhitong Finance App News, Tongwei Co., Ltd. (600438.SH) released its 2026 semi-annual report. During the reporting period, the company achieved operating income of 34.357 billion yuan, a year-on-year decrease of 15.19%; net loss attributable to owners of the parent company of 5.119 billion yuan; net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss of 5.283 billion yuan; basic earnings per share - 1,1371 yuan.

During the reporting period, the contradiction between supply and demand in the photovoltaic industry has not been fundamentally resolved. The operating rate of all links in the industrial chain has been further reduced, product prices are still sluggish, and the severe industry situation has driven some uncompetitive production capacity to gradually withdraw, but it will still take time to improve the overall business environment of the industry. Affected by this, the company achieved operating income of 34.357 billion yuan in the first half of the year, a year-on-year decrease of 15.19%, and a net loss attributable to owners of the parent company of 5.119 billion yuan. Facing unprecedented industrial cycle challenges, during the reporting period, the company closely followed industrial changes, dynamically adjusted its business strategy, and continued to improve the internal competitiveness of the two main industries of “green energy+green agriculture” based on its long-term competitiveness optimization, making every effort to improve the company's performance and achieve long-term healthy development.

During the reporting period, the company achieved feed sales of 3,0553 million tons, an increase of 3.47% over the previous year. Of these, self-sales volume was 2.974,800 tons, a further increase from last year's record high. In the first half of 2026, in the face of the severe business situation where the imbalance between supply and demand in the photovoltaic industry continues, the scale of new terminals is gradually shrinking, and the prices of major products continue to be sluggish, the company closely followed industry trends, adjusted the pace of production and operation in a timely manner, promoted product inventory consumption, and continued to optimize the company's long-term competitiveness indicators around cutting-edge technology research and development, production cost reduction, market development, etc., to save momentum for the company to move through the industrial cycle.