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Tongwei Co Ltd
SSE:600438

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Tongwei Co Ltd
SSE:600438
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Price: 23.95 CNY 3.06% Market Closed
Updated: Apr 18, 2024

ROE
Return on Equity

33.6%
Current
33%
Average
6.4%
Industry
Positive for the last year
33.6%
Positive average
33%
Better than average
Better than industry value

ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.

ROE
33.6%
=
Net Income
20.3B
/
Equity
66.8B

ROE Across Competitors

ROE Comparison
Tongwei Co Ltd Competitors

Country CN
Market Cap 107.8B CNY
ROE
34%
Country US
Market Cap 31B USD
ROE
14%
Country CY
Market Cap 24B USD
ROE
27%
Country SG
Market Cap 21.2B SGD
ROE
8%
Country US
Market Cap 15.3B USD
ROE
22%
Country US
Market Cap 7.3B USD
ROE
19%
Country US
Market Cap 6.7B USD
ROE
16%
Country MY
Market Cap 30.8B MYR
ROE
10%
Country CN
Market Cap 40.7B CNY
ROE
-10%
Country MY
Market Cap 24.7B MYR
ROE
8%
Country MY
Market Cap 24.5B MYR
ROE
4%

Profitability Report

View the profitability report to see the full profitability analysis for Tongwei Co Ltd.

See Also

Discover More
What is Return on Equity?

ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.

ROE
33.6%
=
Net Income
20.3B
/
Equity
66.8B
What is the ROE of Tongwei Co Ltd?

Based on Tongwei Co Ltd's most recent financial statements, the company has ROE of 33.6%.