On August 18, Northeast Securities Co.Ltd(000686) issued a research report, maintaining the Tongwei Co.Ltd(600438) buy rating, with a target price of 55.2 yuan. As of the reporting date, the latest closing price of the company was 47.45 yuan, 16.33% higher than the target price. Northeast Securities Co.Ltd(000686) predicts that the net profit attributable to the parent company in Tongwei Co.Ltd(600438) 2021 will be 7.381 billion yuan, a year-on-year increase of 104.58%.
Main financial indicators and valuation
2021E
2022E
2023E
Total operating revenue (RMB 100 million) 62873725 thirty-six thousand eight hundred and three point nine seven
Net profit attributable to parent company (RMB 100 million) 738182 eight thousand seven hundred and eighty-nine point five four
Earnings per share (yuan) 1.641 eight hundred and forty-one point nine nine
Net assets per share (yuan) 8.6910 eight thousand six hundred and thirteen point two five
Price earnings ratio (PE) 292624
Price to book ratio (PB) 5.524 four hundred and twenty-three point six two
Return on net assets (%) 18.916 nine hundred and fifteen
Note: the data is obtained from the text of the research report.
Tongwei Co.Ltd(600438) in the past month, it has received 12 research reports from securities companies, with an average target price of 58.45 yuan. According to the reverse order of the release date of the research report, the latest research report data of the five securities companies are shown in the table below:
Research report date
Organization abbreviation
Target price
This rating
details
2021-08-18 Huaan Securities Co.Ltd(600909) – the production cost of purchased silicon material decreased, and the profit of battery chip led the whole industry
On August 18, 2021 Northeast Securities Co.Ltd(000686) 55.2, the purchase of silicon battery had a good harvest, and the price of silicon in the second half of the year was still optimistic
2021-08-18 open source Securities – buy company information update report: silicon material profit highlights elasticity, and battery breakthrough will be seen in the follow-up
2021-08-18 Sinolink Securities Co.Ltd(600109) 58 buy the interim report results, paste the upper limit of the forecast, and there is room for repair in the short, medium and long term
2021-08-18 Everbright Securities Company Limited(601788) – buy comments on 2021 semi annual report: silicon materials are in short supply, batteries are in full production and sales, and the company’s profits have increased significantly
Disclaimer: This article is based on big data production and is for reference only. It does not constitute any investment suggestions. Therefore, the operator shall bear the operational risk.
