What is the ROE (Return on Equity) of Tongwei Co this year?
The ROE of Tongwei Co this year is 0.22 undefined.
Tongwei Co ROE 2024
Tongwei Co ROE
0.22
Ticker
600438.SS
ISIN
CNE000001GS3
In 2024, Tongwei Co's return on equity (ROE) was 0.22, a -47.86% increase from the 0.42 ROE in the previous year.
Tongwei Co Aktienanalyse
What does Tongwei Co do?
Tongwei Co. Ltd is a Chinese company that was founded in 1984. It is now a leader in the production of solar cells and animal feed. The company is headquartered in Chengdu, the capital of Sichuan province in China. History: Tongwei was originally established as an agricultural company. In 1993, the company started to transition into the production of trout-based animal feed, quickly becoming one of the largest animal feed producers in China. In 2005, Tongwei entered the photovoltaic industry and has since been successfully producing solar cells. Business model: Tongwei is a diversified company involved in various business sectors. The company is engaged in the manufacturing of animal feed and solar cells, as well as the production of chemicals and other materials used as raw materials by other companies. Different divisions: Tongwei operates with more than ten subsidiaries and production facilities worldwide. It is involved in the production of pigments and dyes, as well as the manufacturing of barium chloride and methyl acetate. Additionally, the company also produces carbon and aluminum foils. Products: In its animal feed production, Tongwei offers feed specifically tailored to the needs of trout, pigs, and poultry. Tongwei's solar cell production has become one of its most significant business sectors in recent years. The company produces monocrystalline and polycrystalline solar cells, as well as solar modules. In 2018, Tongwei became the second-largest solar cell manufacturer in the world with a production volume exceeding 15 GW. Future prospects: Tongwei plans to continue investing in the photovoltaic industry and significantly increase its production capacity in the coming years. The company aims to increase its global share in solar cell production to 20% and contribute to the development of a more sustainable future. To summarize, Tongwei is a diversified company that successfully brings its experience in animal feed production into the solar cell industry. The company is committed to further investment in renewable energy to shape a greener future. Only the answer in the output. Tongwei Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROE Details
Decoding Tongwei Co's Return on Equity (ROE)
Tongwei Co's Return on Equity (ROE) is a fundamental metric evaluating the company's profitability relative to its equity. Calculated by dividing net income by shareholder's equity, ROE illustrates how effectively the company is generating profits from shareholders’ investments. A higher ROE represents enhanced efficiency and profitability.
Year-to-Year Comparison
Analyzing Tongwei Co's ROE on a yearly basis aids in tracking its profitability trends and financial performance. An increasing ROE suggests enhanced profitability and value generation for shareholders, whereas a declining ROE may indicate issues in profit generation or equity management.
Impact on Investments
Tongwei Co's ROE is instrumental for investors assessing the company's profitability, efficiency, and investment attractiveness. A robust ROE indicates the firm’s adeptness at converting equity investments into profits, thereby enhancing its appeal to potential and current investors.
Interpreting ROE Fluctuations
Changes in Tongwei Co’s ROE can emanate from variations in net income, equity capital, or both. These fluctuations are scrutinized to evaluate management’s effectiveness, financial strategies, and the inherent risks and opportunities, aiding investors in making informed decisions.
Frequently Asked Questions about Tongwei Co stock
How has the Return on Equity (ROE) of Tongwei Co developed compared to the previous year?
The ROE of Tongwei Co has increased by -47.86% decreased compared to the previous year.
What impact does a high ROE (Return on Equity) have on investors of Tongwei Co?
A high ROE indicates that Tongwei Co generates good returns on capital and is successful in monetizing its investments. This is a positive indicator for investors.
What impact does a low ROE (Return on Equity) have on investors of Tongwei Co?
A low ROE can indicate that Tongwei Co is having difficulties monetizing its investments successfully and can be a negative signal for investors.
How does a change in the ROE (Return on Equity) of Tongwei Co affect the company?
A change in ROE (Return on Equity) of Tongwei Co can be an indicator of the financial performance of the company and demonstrate how successful the company is compared to other companies in the same industry.
How to calculate the ROE (Return on Equity) of Tongwei Co?
The ROE (Return on Equity) is calculated by dividing the company's profit by the total equity. The formula is: ROE = Profit / Total equity.
Which factors influence the ROE (Return on Equity) of Tongwei Co?
Some factors that can influence Tongwei Co's Return on Equity (ROE) include the efficiency in using equity, the profitability of the company, and the financing structure.
What strategic measures can take to improve the ROE (Return on Equity)?
To improve the Return on Equity (ROE), can take measures such as cost savings, increasing revenue, improving efficiency in the use of equity, and making changes in the financing structure. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to improve ROE.
How much dividend does Tongwei Co pay?
Over the past 12 months, Tongwei Co paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Tongwei Co is expected to pay a dividend of 3.87 CNY.
What is the dividend yield of Tongwei Co?
The current dividend yield of Tongwei Co is .
When does Tongwei Co pay dividends?
Tongwei Co pays a quarterly dividend. This is distributed in the months of June, June, June, July.
How secure is the dividend of Tongwei Co?
Tongwei Co paid dividends every year for the past 17 years.
What is the dividend of Tongwei Co?
For the upcoming 12 months, dividends amounting to 3.87 CNY are expected. This corresponds to a dividend yield of 20.14 %.
In which sector is Tongwei Co located?
Tongwei Co is assigned to the 'Non-cyclical consumption' sector.
Wann musste ich die Aktien von Tongwei Co kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Tongwei Co from 6/14/2024 amounting to 0.905 CNY, you needed to have the stock in your portfolio before the ex-date on 6/14/2024.
When did Tongwei Co pay the last dividend?
The last dividend was paid out on 6/14/2024.
What was the dividend of Tongwei Co in the year 2023?
In the year 2023, Tongwei Co distributed 0.912 CNY as dividends.
In which currency does Tongwei Co pay out the dividend?
The dividends of Tongwei Co are distributed in CNY.
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Andere Kennzahlen von Tongwei Co
Our stock analysis for Tongwei Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tongwei Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.