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May 12crashtagteamracingswitch, Tongwei shares received a buy rating from Debon Securities. In the past month, Tongwei shares received 5 research reports attention.

The research report predicts that Tongwei's net profit attributable to its parent company from 2024 to 2026 will be 26.82/64.48/90.06 billion yuan. The research report believes that Tongwei shares are under periodic pressure on profits, its dual leading position in silicon batteries is solid, the quality and cost of silicon materials are continuously optimized, battery component sales are growing rapidly, and its technical strength and production capacity structure remain industry-leading. At the same time, through technological breakthroughs, the company has successfully introduced cost-reduction solutions such as 110-micron thin silicon wafers, low-humidity and heavy silver-coated copper paste, and 0BB technology. The silicon material business will still achieve a net profit per ton of more than 45,000 yuan despite the significant price reduction in 2023.

Risk warning: risk of technology change, risk of raw material price fluctuations, risk of overseas operations, risk of intensified industry competition, and risk of less than expected demand.