PVTIME – On 31 October 2024, Tongwei Co.,Ltd.(Tongwei, 600438.SH) announced its financial results for the first three quarters of 2024 that its operating income was 68.272 billion yuan, down 38.73% from the same period of last year. Its attributable net profit was a loss of 3.973 billion yuan, compared with a profit of 16.302 billion yuan in the same period last year. Its non-deductible net profit was a loss of 4.038 billion yuan, compared with a profit of 15.642 billion yuan in the same period of last year. Its net cash flow from operating activities was 2.988 billion yuan, down 85.79% year on year.
In terms of profitability, Tongwei’s weighted average return on net assets (RONA) for the first three quarters was -6.52%, down 32.3% year on year. The company’s return on invested capital for the first three quarters of 2024 was -3.14%, down 22.2% year on year.
According to public information, its principal businesses are the research, production and sale of aquatic feed and animal feed, and the research, production and sale of high-purity silicon and solar cells and modules.
 announced its financial results for the first three quarters of 2024 that its operating income was 68.272 billion yuan, down 38.73%…){kind=link}