Tongwei stock gained 4.07 percent as half-year losses deepened

Published on 10/06/2026 at 14:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tongwei stock reported CNY 34.36 billion in first-half revenue, down 15.2 percent year over year, with a CNY 5.12 billion loss. The next earnings date is October 31, 2026.

Tongwei, CNE000001GS3, Illustration mit AI erstellt.

Tongwei stock (ISIN CNE000001GS3) gained 4.07 percent to CNY 11.52 on the Shanghai Stock Exchange on September 30, 2026, while the company remained under pressure from a CNY 5.12 billion first-half loss. The latest results show why the share price and the earnings outlook are telling different stories.

Half-year loss reaches CNY 5.12 billion

According to Futunn in a September 11, 2026, analyst report, Tongwei generated CNY 34.36 billion in first-half 2026 revenue, down 15.2 percent from the same period a year earlier. Attributable net income was a CNY 5.12 billion loss, with the loss expanding by CNY 1.6 billion year over year.

The second quarter accounted for CNY 22.23 billion of revenue and a CNY 2.67 billion attributable net loss, according to Futunn. The report also states that photovoltaic product revenue fell 26.3 percent to CNY 19.65 billion, while the segment's gross margin was negative 12.2 percent.

Analyst target implies 26.83 percent upside

The market's forward view is less negative than the reported earnings. Investing.com shows a Neutral consensus from 17 analysts, with an average 12-month price target of CNY 14.61. That target lies 26.83 percent above the September 30 price of CNY 11.52; the published range runs from CNY 4.20 to CNY 25.17.

The same report identifies overseas module sales as a possible recovery lever: international markets accounted for close to 40 percent of module sales in the first half, while high-purity polysilicon shipments reached 155,000 metric tons. The counterweight is profitability, as the first-half gross margin was negative 3.1 percent.

Tongwei stock stays below its yearly high

Tongwei's September 30 range was CNY 11.04 to CNY 11.77, with 55,769,412 shares changing hands. The stock's 52-week range was CNY 10.32 to CNY 27.75, placing the latest price 58.49 percent below the high and 11.63 percent above the low.

Tongwei's market capitalization was CNY 50.7 billion as of September 30, 2026. The next earnings report is listed for October 31, 2026, giving investors a dated checkpoint for whether the loss trend is beginning to stabilize.