TongweiLtd Past Earnings Performance

Past criteria checks 0/6

TongweiLtd has been growing earnings at an average annual rate of 31%, while the Semiconductor industry saw earnings growing at 16.7% annually. Revenues have been growing at an average rate of 32% per year.

Key information

31.0%

Earnings growth rate

29.6%

EPS growth rate

Semiconductor Industry Growth	27.3%
Revenue growth rate	32.0%
Return on equity	-3.8%
Net Margin	-2.6%
Last Earnings Update	30 Jun 2024

Recent past performance updates

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

May 06

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

Revenue & Expenses Breakdown

How TongweiLtd makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SHSE:600438 Revenue, expenses and earnings (CNY Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Jun 24	108,833	-2,826	7,666	1,145
31 Mar 24	125,430	4,186	7,689	1,168
31 Dec 23	139,104	13,574	7,108	1,189
30 Sep 23	151,759	20,305	8,723	1,529
30 Jun 23	156,151	26,780	10,173	1,467
31 Mar 23	150,982	29,141	9,535	1,558
31 Dec 22	142,423	25,734	9,409	1,464
30 Sep 22	120,214	23,895	6,899	633
30 Jun 22	98,607	17,367	4,740	901
31 Mar 22	78,897	12,456	4,250	883
31 Dec 21	64,830	8,109	3,976	1,026
30 Sep 21	59,222	6,220	3,141	1,679
30 Jun 21	52,024	5,563	2,634	1,359
31 Mar 21	46,993	4,111	2,476	1,172
31 Dec 20	44,200	3,608	2,320	1,035
30 Sep 20	41,208	3,724	2,289	1,083
30 Jun 20	40,169	2,194	2,337	1,009
31 Mar 20	39,211	2,488	2,430	1,010
31 Dec 19	37,555	2,635	2,318	1,001
30 Sep 19	34,172	2,603	2,195	875
30 Jun 19	31,198	2,551	1,937	808
31 Mar 19	28,482	2,189	1,881	690
31 Dec 18	27,535	2,019	1,834	598
30 Sep 18	27,867	2,138	2,025	550
30 Jun 18	27,452	2,135	1,859	755
31 Mar 18	27,105	2,063	1,869	607
31 Dec 17	26,092	2,008	1,890	510
30 Sep 17	24,800	1,652	1,831	336
30 Jun 17	23,072	1,310	1,990	0
31 Mar 17	22,180	1,152	1,968	0
31 Dec 16	20,884	1,025	1,868	0
30 Sep 16	20,138	1,063	1,757	0
30 Jun 16	19,326	1,052	1,856	0
31 Mar 16	19,529	922	1,783	0
31 Dec 15	18,773	737	1,702	0
30 Sep 15	17,678	576	1,564	0
30 Jun 15	17,397	436	1,387	0
31 Mar 15	15,596	315	1,255	0
31 Dec 14	15,409	329	1,229	0
30 Sep 14	15,359	344	1,220	0
30 Jun 14	15,737	347	1,167	0
31 Mar 14	15,225	330	1,106	0
31 Dec 13	15,190	306	1,085	0
30 Sep 13	14,571	240	1,010	0

Quality Earnings: 600438 is currently unprofitable.

Growing Profit Margin: 600438 is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 600438 is unprofitable, but has reduced losses over the past 5 years at a rate of 31% per year.

Accelerating Growth: Unable to compare 600438's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 600438 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (0.3%).

Return on Equity

High ROE: 600438 has a negative Return on Equity (-3.81%), as it is currently unprofitable.

TongweiLtd Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

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

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

First quarter 2024 earnings: EPS and revenues miss analyst expectations

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

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

Recent updates

New major risk - Financial position

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

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