Tongwei Co Ltd
SSE:600438

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Tongwei Co Ltd Logo
Tongwei Co Ltd
SSE:600438
Watchlist
Price: 25.22 CNY -2.1% Market Closed
Market Cap: 113.5B CNY
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-26%
5Y
+114%
10Y
+400%
Operating Income
+
3Y
-
5Y
-
10Y
-
Net Income
+
3Y
-
5Y
-
10Y
-

Earnings Waterfall
Tongwei Co Ltd

Revenue
88.3B CNY
Cost of Revenue
-86.5B CNY
Gross Profit
1.8B CNY
Operating Expenses
-9.4B CNY
Operating Income
-7.6B CNY
Other Expenses
-777.7m CNY
Net Income
-8.3B CNY

Income Statement
Tongwei Co Ltd

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Income Statement
Currency: CNY
Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
27
0
0
0
24
0
0
0
20
0
0
0
32
0
0
0
0
0
0
0
0
0
0
0
150
0
0
0
94
0
0
0
98
0
0
0
100
0
0
0
92
0
0
0
121
0
0
0
348
0
0
0
197
0
0
45
180
149
230
268
319
382
463
577
606
674
650
595
522
657
682
730
469
662
736
1 044
973
1 148
1 349
1 207
1 345
1 629
1 685
1 982
2 097
2 573
0
0
Revenue
1 699
N/A
1 816
+7%
2 054
+13%
2 516
+22%
2 629
+4%
2 688
+2%
2 977
+11%
3 510
+18%
3 671
+5%
3 862
+5%
4 077
+6%
4 382
+7%
4 905
+12%
5 082
+4%
5 822
+15%
6 906
+19%
7 565
+10%
8 210
+9%
9 165
+12%
9 878
+8%
10 303
+4%
10 318
+0%
10 336
+0%
10 407
+1%
10 378
0%
10 230
-1%
9 851
-4%
9 792
-1%
9 622
-2%
9 648
+0%
10 025
+4%
10 986
+10%
11 601
+6%
12 011
+4%
12 901
+7%
13 498
+5%
13 491
0%
13 721
+2%
13 835
+1%
14 571
+5%
15 190
+4%
15 224
+0%
15 736
+3%
15 358
-2%
15 409
+0%
15 596
+1%
17 397
+12%
17 678
+2%
18 773
+6%
19 529
+4%
19 323
-1%
20 136
+4%
20 884
+4%
22 180
+6%
23 075
+4%
24 803
+7%
26 092
+5%
27 105
+4%
27 453
+1%
27 867
+2%
27 535
-1%
28 482
+3%
31 197
+10%
34 172
+10%
37 555
+10%
39 211
+4%
40 169
+2%
41 208
+3%
44 200
+7%
46 993
+6%
52 024
+11%
59 222
+14%
64 830
+9%
77 559
+20%
97 268
+25%
118 876
+22%
142 423
+20%
150 982
+6%
156 151
+3%
151 759
-3%
139 104
-8%
125 430
-10%
108 833
-13%
95 956
-12%
91 994
-4%
88 357
-4%
88 706
+0%
88 322
0%
Gross Profit
Cost of Revenue
(1 510)
(1 616)
(1 841)
(2 284)
(2 377)
(2 418)
(2 680)
(3 161)
(3 281)
(3 451)
(3 643)
(3 925)
(4 377)
(4 551)
(5 177)
(6 144)
(6 849)
(7 436)
(8 364)
(9 053)
(9 414)
(9 425)
(9 421)
(9 443)
(9 429)
(9 340)
(8 983)
(8 909)
(8 773)
(8 809)
(9 183)
(10 175)
(10 754)
(11 132)
(11 916)
(12 406)
(12 353)
(12 517)
(12 604)
(13 169)
(13 709)
(13 710)
(14 110)
(13 665)
(13 674)
(13 840)
(15 324)
(15 241)
(15 911)
(16 325)
(15 945)
(16 891)
(17 606)
(18 682)
(19 317)
(20 409)
(21 030)
(22 001)
(22 152)
(22 566)
(22 330)
(22 970)
(24 991)
(27 693)
(30 541)
(32 361)
(33 748)
(34 481)
(36 676)
(38 702)
(41 265)
(45 196)
(48 426)
(54 146)
(65 485)
(74 568)
(88 529)
(91 718)
(98 707)
(105 013)
(103 633)
(101 802)
(94 728)
(87 009)
(90 681)
(85 197)
(86 403)
(86 484)
Gross Profit
188
N/A
200
+6%
213
+7%
232
+9%
252
+9%
270
+7%
297
+10%
348
+17%
391
+12%
410
+5%
434
+6%
458
+6%
528
+15%
532
+1%
644
+21%
761
+18%
716
-6%
773
+8%
801
+4%
825
+3%
889
+8%
893
+0%
916
+3%
965
+5%
949
-2%
892
-6%
869
-3%
884
+2%
849
-4%
838
-1%
841
+0%
809
-4%
847
+5%
878
+4%
983
+12%
1 091
+11%
1 137
+4%
1 203
+6%
1 232
+2%
1 403
+14%
1 481
+6%
1 516
+2%
1 627
+7%
1 694
+4%
1 735
+2%
1 756
+1%
2 073
+18%
2 437
+18%
2 862
+17%
3 203
+12%
3 377
+5%
3 243
-4%
3 278
+1%
3 497
+7%
3 757
+7%
4 394
+17%
5 062
+15%
5 103
+1%
5 300
+4%
5 300
N/A
5 205
-2%
5 512
+6%
6 206
+13%
6 478
+4%
7 014
+8%
6 849
-2%
6 420
-6%
6 727
+5%
7 524
+12%
8 291
+10%
10 760
+30%
14 026
+30%
16 404
+17%
23 412
+43%
31 783
+36%
44 307
+39%
53 894
+22%
59 264
+10%
57 445
-3%
46 746
-19%
35 471
-24%
23 628
-33%
14 105
-40%
8 947
-37%
1 313
-85%
3 160
+141%
2 304
-27%
1 837
-20%
Operating Income
Operating Expenses
(107)
(110)
(123)
(127)
(141)
(145)
(162)
(183)
(205)
(220)
(236)
(242)
(284)
(284)
(324)
(373)
(384)
(423)
(443)
(466)
(543)
(558)
(579)
(609)
(611)
(617)
(633)
(626)
(629)
(629)
(630)
(677)
(695)
(736)
(813)
(901)
(973)
(1 011)
(1 033)
(1 053)
(1 126)
(1 152)
(1 211)
(1 265)
(1 274)
(1 301)
(1 436)
(1 610)
(1 847)
(1 892)
(1 970)
(1 876)
(2 063)
(2 062)
(2 047)
(2 187)
(2 543)
(2 466)
(2 639)
(2 622)
(2 645)
(2 604)
(2 742)
(2 925)
(3 638)
(3 406)
(3 388)
(3 372)
(3 672)
(3 861)
(4 256)
(5 062)
(5 200)
(5 952)
(6 636)
(8 569)
(12 012)
(12 921)
(13 864)
(13 106)
(8 122)
(13 839)
(14 972)
(15 421)
(7 687)
(12 419)
(11 427)
(9 395)
Selling, General & Administrative
(110)
(114)
(128)
(133)
(146)
(153)
(169)
(186)
(214)
(228)
(243)
(251)
(288)
(291)
(331)
(356)
(370)
(413)
(427)
(458)
(495)
(511)
(534)
(561)
(568)
(571)
(580)
(578)
(573)
(578)
(587)
(631)
(665)
(702)
(774)
(865)
(835)
(975)
(1 000)
(1 012)
(984)
(1 110)
(1 163)
(1 224)
(1 059)
(1 264)
(1 399)
(1 573)
(1 423)
(1 855)
(1 928)
(1 829)
(1 512)
(2 023)
(2 044)
(2 098)
(1 946)
(2 066)
(2 065)
(2 010)
(1 911)
(1 949)
(2 062)
(2 263)
(2 467)
(2 645)
(2 580)
(2 504)
(2 480)
(2 768)
(2 979)
(3 433)
(4 004)
(4 265)
(4 641)
(6 914)
(9 905)
(9 565)
(10 168)
(8 730)
(7 378)
(7 568)
(7 566)
(7 471)
(5 834)
(5 643)
(5 041)
(4 520)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(77)
0
0
0
(76)
0
0
0
(139)
0
0
0
(270)
0
0
0
(362)
0
0
(124)
(455)
(395)
(543)
(550)
(522)
(690)
(808)
(875)
(896)
(1 009)
(1 008)
(1 083)
(927)
(1 171)
(1 359)
(1 679)
(967)
(1 893)
(1 911)
(1 643)
(1 393)
(1 558)
(1 467)
(1 529)
(959)
(1 168)
(1 145)
(1 199)
(1 065)
(1 485)
(1 423)
(1 265)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(57)
0
0
0
(62)
0
0
0
(72)
0
0
0
(100)
0
0
0
(128)
0
0
0
(177)
0
0
0
(218)
0
0
0
(293)
0
0
0
(364)
0
0
0
(339)
0
0
0
(505)
0
0
0
(594)
0
0
0
(1 150)
0
0
0
Other Operating Expenses
4
4
4
5
5
7
7
4
9
8
7
9
5
7
6
(18)
(15)
(9)
(14)
(8)
(48)
(46)
(45)
(49)
(43)
(46)
(53)
(48)
(56)
(50)
(43)
(46)
(30)
(34)
(37)
(35)
(4)
(35)
(33)
(41)
(5)
(44)
(50)
(41)
(4)
(35)
(36)
(37)
(54)
(37)
(42)
(46)
(60)
(38)
(1)
36
36
(4)
(30)
(61)
7
36
129
213
17
248
200
214
100
79
83
49
109
206
(83)
(12)
(209)
(1 798)
(2 228)
(2 848)
808
(5 103)
(6 261)
(6 751)
362
(5 291)
(4 963)
(3 610)
Operating Income
82
N/A
92
+12%
92
N/A
106
+15%
111
+5%
124
+12%
135
+9%
166
+23%
185
+11%
191
+3%
199
+4%
216
+9%
244
+13%
248
+2%
321
+29%
388
+21%
333
-14%
350
+5%
358
+2%
360
+1%
346
-4%
335
-3%
335
N/A
354
+6%
338
-5%
273
-19%
235
-14%
257
+9%
220
-14%
211
-4%
213
+1%
134
-37%
152
+13%
142
-7%
171
+20%
191
+12%
165
-14%
193
+17%
199
+3%
350
+76%
355
+1%
364
+3%
416
+14%
430
+3%
461
+7%
457
-1%
639
+40%
828
+30%
1 016
+23%
1 311
+29%
1 407
+7%
1 368
-3%
1 215
-11%
1 436
+18%
1 711
+19%
2 207
+29%
2 519
+14%
2 638
+5%
2 662
+1%
2 679
+1%
2 560
-4%
2 908
+14%
3 464
+19%
3 553
+3%
3 376
-5%
3 444
+2%
3 034
-12%
3 356
+11%
3 852
+15%
4 430
+15%
6 502
+47%
8 964
+38%
11 203
+25%
17 460
+56%
25 147
+44%
35 739
+42%
41 882
+17%
46 343
+11%
43 581
-6%
33 640
-23%
27 350
-19%
9 789
-64%
(868)
N/A
(6 473)
-646%
(6 373)
+2%
(9 259)
-45%
(9 123)
+1%
(7 558)
+17%
Pre-Tax Income
Interest Income Expense
(24)
(28)
(26)
(21)
(17)
(16)
(13)
(8)
(22)
(26)
(27)
(15)
(30)
(35)
(54)
(72)
(70)
(82)
(93)
(115)
(137)
(147)
(147)
(142)
(140)
(119)
(112)
(47)
(20)
(34)
(30)
(85)
(87)
(92)
(87)
(82)
(80)
(90)
(94)
(90)
(17)
(10)
(19)
(32)
(86)
(128)
(184)
(214)
(282)
(337)
(295)
(291)
(154)
(162)
(142)
(106)
(61)
(103)
(71)
(142)
(212)
(321)
(474)
(527)
(402)
(602)
(567)
951
(452)
912
919
(584)
(338)
(720)
(893)
(1 089)
(541)
(984)
(893)
(690)
(164)
(702)
(924)
(1 274)
(1 414)
(2 117)
(2 329)
(2 535)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17
0
0
0
49
0
0
(1)
(24)
(15)
(17)
(19)
47
(4)
(6)
37
148
137
141
100
1 313
2
(142)
(145)
(150)
(82)
54
59
(1 767)
7
15
11
(4 895)
4
3
64
(931)
134
130
71
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
0
0
0
(3)
0
0
0
(1)
0
0
0
(2)
0
0
0
1
0
0
0
3
0
0
0
1
(1)
(3)
(4)
(14)
(13)
0
0
0
0
0
18
0
19
0
0
0
0
0
0
(2)
0
0
0
(3)
0
0
0
(400)
0
0
0
(452)
0
0
0
(1 190)
0
0
0
(251)
0
0
0
0
0
0
0
Total Other Income
(1)
0
0
1
(1)
(1)
(1)
(2)
(1)
(1)
(1)
(12)
3
3
9
10
15
14
15
14
(5)
(8)
(11)
(10)
9
8
6
6
7
7
12
15
28
29
26
30
30
35
41
42
35
41
45
50
59
58
39
57
222
242
264
276
111
103
64
4
5
(19)
9
12
5
(2)
1
3
33
28
18
15
(39)
(442)
(486)
(489)
7
(451)
(852)
(894)
(46)
(1 229)
(790)
(774)
13
(288)
(238)
(259)
35
(242)
(301)
(161)
Pre-Tax Income
57
N/A
63
+11%
65
+3%
85
+31%
93
+9%
107
+15%
121
+13%
156
+29%
161
+3%
164
+2%
171
+4%
189
+11%
218
+15%
217
0%
277
+28%
327
+18%
275
-16%
281
+2%
279
-1%
258
-8%
201
-22%
181
-10%
178
-2%
203
+14%
206
+1%
162
-21%
130
-20%
217
+67%
205
-6%
184
-10%
193
+5%
63
-67%
95
+51%
80
-16%
111
+39%
139
+25%
118
-15%
138
+17%
146
+6%
301
+106%
374
+24%
394
+5%
439
+11%
442
+1%
420
-5%
372
-11%
494
+33%
671
+36%
972
+45%
1 216
+25%
1 377
+13%
1 372
0%
1 221
-11%
1 396
+14%
1 633
+17%
2 105
+29%
2 439
+16%
2 501
+3%
2 583
+3%
2 530
-2%
2 398
-5%
2 582
+8%
2 986
+16%
3 067
+3%
3 152
+3%
3 007
-5%
2 626
-13%
4 422
+68%
4 274
-3%
4 900
+15%
6 792
+39%
7 744
+14%
10 270
+33%
16 208
+58%
23 457
+45%
33 814
+44%
38 339
+13%
44 137
+15%
41 913
-5%
32 187
-23%
22 052
-31%
8 803
-60%
(2 026)
N/A
(7 943)
-292%
(8 683)
-9%
(11 484)
-32%
(11 623)
-1%
(10 182)
+12%
Net Income
Tax Provision
(13)
(14)
(15)
(16)
(20)
(21)
(24)
(32)
(37)
(38)
(37)
(34)
(47)
(45)
(55)
(60)
(37)
(35)
(39)
(48)
(55)
(56)
(51)
(60)
(64)
(57)
(52)
(64)
(61)
(58)
(58)
(27)
(24)
(20)
(28)
(34)
(34)
(44)
(44)
(66)
(80)
(70)
(91)
(104)
(83)
(73)
(63)
(58)
(164)
(208)
(252)
(275)
(198)
(232)
(302)
(415)
(401)
(409)
(419)
(383)
(367)
(387)
(427)
(432)
(469)
(450)
(366)
(612)
(559)
(652)
(966)
(1 105)
(1 649)
(2 536)
(3 627)
(5 220)
(5 966)
(6 642)
(6 693)
(5 072)
(3 805)
(2 149)
(451)
493
575
979
1 052
472
Income from Continuing Operations
44
48
50
69
72
86
96
124
125
126
134
155
171
172
222
267
238
246
240
210
146
126
128
143
143
104
76
152
144
125
135
35
70
58
81
104
84
93
102
235
294
325
348
339
337
301
434
615
808
1 009
1 124
1 096
1 023
1 163
1 332
1 691
2 038
2 093
2 164
2 148
2 031
2 195
2 560
2 635
2 682
2 557
2 259
3 810
3 715
4 249
5 826
6 639
8 622
13 672
19 830
28 594
32 373
37 495
35 220
27 116
18 246
6 654
(2 477)
(7 450)
(8 109)
(10 505)
(10 571)
(9 711)
Income to Minority Interest
(1)
(3)
(4)
(3)
(3)
(3)
(4)
(5)
(2)
(1)
0
0
(24)
(25)
(46)
(85)
(66)
(73)
(58)
(29)
(42)
(32)
(22)
(16)
4
12
9
14
17
12
15
19
13
14
11
8
12
14
14
5
12
6
(1)
5
(8)
14
2
(39)
(71)
(87)
(76)
(37)
1
(11)
(17)
(35)
(29)
(30)
(28)
(8)
(12)
(5)
(8)
(32)
(48)
(68)
(65)
(86)
(107)
(139)
(264)
(419)
(512)
(1 117)
(2 364)
(4 600)
(6 646)
(8 362)
(8 447)
(6 818)
(4 672)
(2 468)
(348)
749
1 070
1 660
1 706
1 375
Equity Earnings Affiliates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(17)
(32)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
43
N/A
46
+7%
47
+2%
66
+40%
70
+6%
83
+19%
92
+11%
118
+28%
123
+4%
124
+1%
133
+7%
155
+17%
147
-5%
146
-1%
158
+8%
149
-6%
172
+15%
173
+1%
198
+14%
211
+7%
104
-51%
92
-12%
105
+14%
127
+21%
147
+16%
117
-20%
86
-26%
167
+94%
161
-4%
137
-15%
150
+9%
54
-64%
84
+56%
73
-13%
93
+27%
113
+22%
96
-15%
108
+13%
117
+8%
240
+105%
306
+28%
330
+8%
347
+5%
344
-1%
329
-4%
316
-4%
436
+38%
577
+32%
737
+28%
922
+25%
1 048
+14%
1 059
+1%
1 025
-3%
1 152
+12%
1 315
+14%
1 656
+26%
2 008
+21%
2 063
+3%
2 135
+3%
2 138
+0%
2 019
-6%
2 189
+8%
2 551
+17%
2 603
+2%
2 635
+1%
2 488
-6%
2 194
-12%
3 724
+70%
3 608
-3%
4 110
+14%
5 562
+35%
6 219
+12%
8 109
+30%
12 555
+55%
17 466
+39%
23 994
+37%
25 726
+7%
29 133
+13%
26 773
-8%
20 298
-24%
13 574
-33%
4 186
-69%
(2 826)
N/A
(6 701)
-137%
(7 039)
-5%
(8 845)
-26%
(8 865)
0%
(8 336)
+6%
EPS (Diluted)
0.05
N/A
0.05
N/A
0.05
N/A
0.05
N/A
0.05
N/A
0.06
+20%
0.06
N/A
0.08
+33%
0.09
+13%
0.08
-11%
0.09
+13%
0.11
+22%
0.11
N/A
0.11
N/A
0.12
+9%
0.11
-8%
0.13
+18%
0.12
-8%
0.14
+17%
0.15
+7%
0.08
-47%
0.08
N/A
0.08
N/A
0.1
+25%
0.11
+10%
0.08
-27%
0.06
-25%
0.12
+100%
0.12
N/A
0.11
-8%
0.12
+9%
0.05
-58%
0.06
+20%
0.06
N/A
0.08
+33%
0.09
+13%
0.07
-22%
0.08
+14%
0.08
N/A
0.14
+75%
0.19
+36%
0.21
+11%
0.21
N/A
0.21
N/A
0.2
-5%
0.19
-5%
0.26
+37%
0.35
+35%
0.45
+29%
0.43
-4%
0.5
+16%
0.31
-38%
0.32
+3%
0.29
-9%
0.33
+14%
0.43
+30%
0.52
+21%
0.53
+2%
0.54
+2%
0.54
N/A
0.52
-4%
0.56
+8%
0.66
+18%
0.67
+2%
0.68
+1%
0.64
-6%
0.51
-20%
0.86
+69%
0.85
-1%
0.91
+7%
1.23
+35%
1.38
+12%
1.8
+30%
2.79
+55%
3.88
+39%
4.69
+21%
5.49
+17%
6.07
+11%
5.5
-9%
4.19
-24%
2.87
-32%
0.92
-68%
-0.54
N/A
-1.79
-231%
-1.58
+12%
-1.95
-23%
-1.96
-1%
-1.87
+5%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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