BEIJING, Aug. 15 (Xinhua) -- Tongwei Co., Ltd (600438.SH) announced recently that its net profits in the first half of 2017 are expected to jump in a range between 200 percent and 246 percent from a year earlier to stand at 700 million yuan to 800 million yuan.
According to a filing to the stock exchange, its net profits in the same period of last year amounted to 231.26 million yuan.
As the listed company included its controlling shareholder Tongwei Group's subsidiary, Tongwei Solar Power (Hefei) Corp, in the consolidated financial statement, after the financial statement adjustment, its net profits in the first half of the year will likely increase in a range between 40 percent and 60 percent year on year.
The company attributed the profit jump to the increase in utilization of the poly-silicon, efficient management of its feed business, and the successful roll-out of the 1GW mono-crystal battery capacity. (Edited by Hu Pingchao, hupingchao@xinhua.org)
A single purchase
