Tongwei stock
600438.SSSHHTongwei Co.,Ltd, EnergyISIN CNE000001GS3
28Score 28 out of 100, Weak
Price and trend
55 / 100
Price history
−53% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 19% below it.
Since February 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 55).
The price is 57% below its 52-week high. Largest decline in 20 years: 85% (July 2022 to July 2026).
Chart figures for advanced users
- SMA 50$1.72
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$2.17
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)55
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$1.57
- The lowest closing price of the last twelve months.
- Resistance$4.07
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Tongwei Co.,Ltd belongs to the Solar industry (China) and, with a market value of $7.73B, is number 4 of 12 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $12.62B (down 8.6% year on year) and a loss of $1.43B.
- For fiscal 2026, analysts expect on average revenue of $12.62B (up 0%) and adjusted earnings per share of −$0.25.
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- MEQIRI Score 28 out of 100 (Weak): rank 260 of 266 in Energy, median 60.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
None of our strength checks applies.
Weaknesses
- Margin fallingOperating margin −13.7%, average of the prior years 16% (to 2024).Profitability 12
- High debtDebt 2.53 times equity (latest quarter), Energy sector median 0.36.Stability 28
- Loss-makingLoss of $1.38B over the last 12 months.Fundamentals 37
The score is held back by valuation and capital allocation.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 27 to 28.
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk not measured
How well MEQIRI warnsFor stocks from Japan, China, Hong Kong, Taiwan, Korea, Canada, India and Brazil we only show crash risk once a separate backtest shows that it warns as well there as in the US and Europe.
Valuation
Valuation signal
OvervaluedA fair value is not meaningful here, so the signal follows the valuation grade.
Valuation metrics
The model puts the fair value at less than a quarter of the share price. That says more about the assumptions than about the company, so a fair value is not meaningful here and the valuation relies on the P/E and the other metrics.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In fiscal 2025, revenue fell 8.6% on the prior year. Revenue has grown strongly since 2006, at around 16% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 3%, operating −14%, net −11%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 27 Apr 2027in 165 days
- Last reported
- 30 Oct 2026EPS reported −$0.05 (expected −$0.07)above expectations
Analyst estimates
Analysts have cut their 2027 earnings estimate by 8.0% since 24 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- −$0.25−3.7%
- Revenue
- $12.62B−0.1%
- Earnings per share
- −$0.04−8.0%
- Revenue
- $15.18B−0.5%
MEQIRI has stored the estimates since 24 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Tongwei
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 28
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Solar
The next larger and next smaller companies by market value
- First SolarFSLR $18.52B61
- NextpowerNXT $14.27B69
- Waaree EnergiesWAAREEENER.NS $7.86B67
- Enphase EnergyENPH $3.54B45
- SunrunRUN $2.06B43
- SMA Solar TechnologyS92.DE $1.9B37
- SolarEdge TechnologiesSEDG $1.5B25
- Shoals Technologies GroupSHLS $1.36B51
ETFs that hold Tongwei
Held by 40 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD AccRARE | 1.15% | 0.50% | €604M |
| Market Access Stoxx China A Minimum Variance Index UCITS ETFM9SV | 0.80% | 0.45% | €284.44M |
| HSBC MSCI China A UCITS ETF USDH41K | 0.19% | 0.30% | €68.31M |
Show 5 more
| Xtrackers Harvest CSI300 UCITS ETF 1DRQFI | 0.16% | 0.65% | €251.68M |
| Xtrackers Harvest CSI A500 UCITS ETF 1DAH50 | 0.14% | 0.65% | €10.81M |
| iShares Edge MSCI EM Minimum Volatility UCITS ETFEUNZ | 0.09% | 0.40% | €435.04M |
| HSBC MSCI China UCITS ETFH4ZP | 0.02% | 0.28% | €865.89M |
| Franklin FTSE China UCITS ETFFLXC | 0.02% | 0.19% | €1.43B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 30 Sep 2024)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.