TongweiLtd Future Growth

Future criteria checks 3/6

TongweiLtd is forecast to grow earnings and revenue by 28.6% and 11.4% per annum respectively. EPS is expected to grow by 27.4% per annum. Return on equity is forecast to be 11% in 3 years.

Key information

28.6%

Earnings growth rate

27.4%

EPS growth rate

Semiconductor earnings growth	39.2%
Revenue growth rate	11.4%
Future return on equity	11.0%
Analyst coverage	Good
Last updated	21 Aug 2024

Recent future growth updates

Tongwei Co.,Ltd Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

May 01

Recent updates

There's No Escaping Tongwei Co.,Ltd's (SHSE:600438) Muted Revenues

Aug 21

Tongwei Co.,Ltd's (SHSE:600438) Intrinsic Value Is Potentially 76% Above Its Share Price

Aug 08

We Think TongweiLtd (SHSE:600438) Is Taking Some Risk With Its Debt

Jul 26

Is Now The Time To Look At Buying Tongwei Co.,Ltd (SHSE:600438)?

Jun 06

Improved Revenues Required Before Tongwei Co.,Ltd (SHSE:600438) Shares Find Their Feet

May 22

There May Be Reason For Hope In TongweiLtd's (SHSE:600438) Disappointing Earnings

May 06

Tongwei Co.,Ltd Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

May 01

Under The Bonnet, TongweiLtd's (SHSE:600438) Returns Look Impressive

Apr 15

Does TongweiLtd (SHSE:600438) Have A Healthy Balance Sheet?

Feb 28

Earnings and Revenue Growth Forecasts

SHSE:600438 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	171,154	7,236	9,872	23,590	19
12/31/2025	154,113	6,422	11,119	18,751	23
12/31/2024	123,550	-1,035	-14,281	13,218	23
3/31/2024	125,430	4,186	-10,118	27,040	N/A
12/31/2023	139,104	13,574	-5,773	30,679	N/A
9/30/2023	151,759	20,298	14,090	35,960	N/A
6/30/2023	156,151	26,773	32,821	51,538	N/A
3/31/2023	150,982	29,141	23,995	42,814	N/A
12/31/2022	142,423	25,734	28,600	43,818	N/A
9/30/2022	120,214	23,895	16,215	32,795	N/A
6/30/2022	98,607	17,367	-423	17,830	N/A
3/31/2022	78,897	12,456	-6,548	9,038	N/A
12/31/2021	64,830	8,109	-6,357	7,474	N/A
9/30/2021	59,222	6,220	-4,173	4,548	N/A
6/30/2021	52,024	5,563	-1,109	5,089	N/A
3/31/2021	46,993	4,111	-1,014	4,276	N/A
12/31/2020	44,200	3,608	-2,462	3,025	N/A
9/30/2020	41,208	3,724	-3,080	2,231	N/A
6/30/2020	40,169	2,194	-2,773	2,267	N/A
3/31/2020	39,211	2,488	-2,160	2,487	N/A
12/31/2019	37,555	2,635	-1,851	2,357	N/A
9/30/2019	34,172	2,603	-1,216	3,526	N/A
6/30/2019	31,198	2,551	-3,465	3,527	N/A
3/31/2019	28,482	2,189	-4,278	2,904	N/A
12/31/2018	27,535	2,019	-4,025	3,100	N/A
9/30/2018	27,867	2,138	-3,432	3,102	N/A
6/30/2018	27,452	2,135	-1,844	2,926	N/A
3/31/2018	27,105	2,063	-1,395	3,290	N/A
12/31/2017	26,092	2,008	N/A	3,026	N/A
9/30/2017	24,800	1,652	N/A	2,734	N/A
6/30/2017	23,072	1,310	N/A	1,429	N/A
3/31/2017	22,180	1,152	N/A	1,940	N/A
12/31/2016	20,884	1,025	N/A	2,432	N/A
9/30/2016	20,138	1,063	N/A	2,098	N/A
6/30/2016	19,326	1,052	N/A	2,844	N/A
3/31/2016	19,529	922	N/A	2,502	N/A
12/31/2015	18,773	737	N/A	1,916	N/A
9/30/2015	17,678	576	N/A	1,441	N/A
6/30/2015	17,397	436	N/A	1,116	N/A
3/31/2015	15,596	315	N/A	863	N/A
12/31/2014	15,409	329	N/A	580	N/A
9/30/2014	15,359	344	N/A	357	N/A
6/30/2014	15,737	347	N/A	455	N/A
3/31/2014	15,225	330	N/A	348	N/A
12/31/2013	15,190	306	N/A	827	N/A
9/30/2013	14,571	240	N/A	909	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600438's forecast earnings growth (28.6% per year) is above the savings rate (2.9%).

Earnings vs Market: 600438's earnings (28.6% per year) are forecast to grow faster than the CN market (21.8% per year).

High Growth Earnings: 600438's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 600438's revenue (11.4% per year) is forecast to grow slower than the CN market (13.4% per year).

High Growth Revenue: 600438's revenue (11.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 600438's Return on Equity is forecast to be low in 3 years time (11%).

TongweiLtd Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall from profit to CN¥0.053 loss

Consensus EPS estimates increase by 11%, revenue downgraded

Price target decreased by 10% to CN¥28.45

Consensus EPS estimates fall by 61%

Tongwei Co.,Ltd Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

Price target decreased by 7.8% to CN¥32.23

Recent updates

There's No Escaping Tongwei Co.,Ltd's (SHSE:600438) Muted Revenues

Consensus EPS estimates fall from profit to CN¥0.053 loss

Tongwei Co.,Ltd (SHSE:600438) agreed to acquire 51% stake in Jiangsu Runergy New Energy Technology Co., Ltd. from Jiangsu Yueda Group Co.Ltd. for CNY 5.0 billion.

Tongwei Co.,Ltd's (SHSE:600438) Intrinsic Value Is Potentially 76% Above Its Share Price

We Think TongweiLtd (SHSE:600438) Is Taking Some Risk With Its Debt

Consensus EPS estimates increase by 11%, revenue downgraded

Tongwei Co.,Ltd to Report First Half, 2024 Results on Aug 20, 2024

Is Now The Time To Look At Buying Tongwei Co.,Ltd (SHSE:600438)?

Improved Revenues Required Before Tongwei Co.,Ltd (SHSE:600438) Shares Find Their Feet

Price target decreased by 10% to CN¥28.45

There May Be Reason For Hope In TongweiLtd's (SHSE:600438) Disappointing Earnings

Consensus EPS estimates fall by 61%

Tongwei Co.,Ltd Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

Tongwei Co.,Ltd, Annual General Meeting, May 20, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Under The Bonnet, TongweiLtd's (SHSE:600438) Returns Look Impressive

Tongwei Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024

Does TongweiLtd (SHSE:600438) Have A Healthy Balance Sheet?

Price target decreased by 7.8% to CN¥32.23

Tongwei Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Tongwei Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023

Price target decreased by 8.1% to CN¥41.57

Price target decreased by 7.0% to CN¥43.02

Second quarter 2023 earnings: EPS misses analyst expectations

Tongwei Co.,Ltd to Report First Half, 2023 Results on Aug 22, 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 20%

Price target decreased to CN¥54.90

Less than half of directors are independent

Consensus revenue estimates increase by 12%

Price target decreased to CN¥62.87

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus revenue estimates increase by 12%

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Consensus EPS estimates increase by 19%

Price target increased to CN¥63.74

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Third quarter 2021 earnings released: EPS CN¥0.66 (vs CN¥0.56 in 3Q 2020)

Tongwei Co., Ltd. (SHSE:600438) agreed to acquire an unknown stake in 7 wholly-owned subsidiaries of Tech-Bank Food Co., Ltd. for approximately CNY 190 million.

Investor sentiment deteriorated over the past week

Tech-Bank Food Plans to Sell Entire Aquatic Feed Assets to Tongwei

Price target increased to CN¥55.78

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.15 in 2Q 2020)

Consensus EPS estimates increase to CN¥1.75

Investor sentiment improved over the past week

Consensus EPS estimates increase to CN¥1.42

Investor sentiment improved over the past week

Third quarter 2020 earnings released: EPS CN¥0.56 (vs CN¥0.20 in 3Q 2019)

New 90-day low: CN¥31.10

Investor sentiment deteriorated over the past week

Jinkosolar Holding Co., Ltd. to Sign A Strategic Partnership Agreement with Tongwei for Project Investment and Industrial Chain Cooperation

Investor sentiment improved over the past week

New 90-day high: CN¥51.00

Investor sentiment improved over the past week

New 90-day high: CN¥44.85

Price target raised to CN¥40.17

Investor sentiment improved over the past week

New 90-day high: CN¥41.65

Investor sentiment improved over the past week

New 90-day high: CN¥33.64

Trina Solar Announces a Joint Venture Agreement with Tongwei

New 90-day high: CN¥32.20

Analysts update estimates

Third quarter earnings released