Tongwei Co., Ltd. has reported a significant development in its new energy strategy, coinciding with its current P/E ratio of -14.68. As of April 17, 2025, the company’s stock price stands at 17.27 CNY, with a total market capitalization of 77.749 billion CNY and a price-to-book ratio of 1.57.
Recently, Tongwei New Energy Co., Ltd., a subsidiary of Tongwei, collaborated with other enterprises to establish Shaoyuan Beihe Tong New Energy Co., Ltd. with a registered capital of 8 million CNY. This new venture will engage in various sectors, including power generation, aquaculture, and the sale of feed materials.
However, investors should be cautious as the intensifying competition within the industry and the diversification of business operations could present management challenges. It is advisable to remain vigilant when considering investments in this sector.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/tongwei-co-expands-renewable-energy-ventures-amid-negative-earnings-per-share-ratio/
