en.Wedoany.com Reported - On the evening of June 22, Tongwei Co., Ltd. (hereinafter referred to as "Tongwei Co., Ltd.") announced that, to support the sustained high-quality development of its wholly-owned subsidiary Tongwei Solar Technology Co., Ltd. (hereinafter referred to as "Tongwei Solar") and optimize its asset-liability structure, it plans to increase capital in Tongwei Solar by 5.06 billion yuan.
According to the announcement, the proposed capital increase amount will be entirely sourced from Tongwei Co., Ltd.'s own funds and does not involve any raised funds. The capital increase will be made in cash, and the new amount will be fully recorded in Tongwei Solar's capital reserve. Before and after the capital increase, Tongwei Solar's registered capital will remain unchanged at 3.78 billion yuan, and its equity structure will not change in any way, with it still being a wholly-owned subsidiary of Tongwei Co., Ltd.
In terms of performance, Tongwei Solar is currently experiencing sustained losses. In 2025, the company's revenue was 24.171 billion yuan, with a net profit loss of 832 million yuan and an asset-liability ratio of 99.46%. In the first quarter of this year, the company's revenue was 4.618 billion yuan, with a net profit loss of 269 million yuan, and the asset-liability ratio increased to 101.24%.
"This capital increase does not involve new project investments and is conducive to optimizing Tongwei Solar's capital structure and promoting its business development," stated Tongwei Co., Ltd. The capital increase will not affect the overall asset-liability structure at the company's consolidated reporting level and will not have an adverse impact on its business and daily operations. The funds remain within the consolidated reporting scope and will not create cash flow pressure on the company.
Industry insiders point out that 2026 is a critical year for the photovoltaic industry to transition from an "anti-involution" signal to substantive market consolidation. Under the current financial situation, if Tongwei Solar does not replenish its capital in a timely manner, it will find it difficult to independently obtain bank credit, issue bonds, and participate in a new round of efficient capacity replacement. This capital increase aligns with the "bottoming out" logic and is conducive to making advance preparations for capturing efficient capacity after an industry reversal.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
