Tongwei Co.Ltd(600438) : PV installed capacity exceeded expectations, and the net profit in the first quarter of this year increased by 478% – 514% year-on-year

Tongwei Co.Ltd(600438) 3 on the evening of March 27, the company released the announcement of pre increase of performance in the first quarter of 2022. The company expects that the net profit attributable to shareholders of Listed Companies in the first quarter of 2022 will increase by 4.053 billion yuan – 4.353 billion yuan compared with the same period of last year, with a year-on-year increase of 478% – 514%; It is estimated that the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses will increase by 4.004 billion yuan to 4.304 billion yuan compared with the same period of last year, with a year-on-year increase of 503% – 541%. The announcement said that during the reporting period, the installed capacity of photovoltaic exceeded expectations, the demand for polysilicon products was strong, the market price increased year-on-year, the company’s new production capacity was effectively released, the output increased year-on-year, and the volume and profit increased in the first quarter.