On November 3, Tongwei held an online performance presentation in the third quarter of 2025 to exchange views on the company's operating performance and business sector operation.
Tongwei shares said that the company's net operating cash in the third quarter was 4.776 billion yuan, a significant improvement, benefiting from the industry's "anti-involution" policy to guide the recovery of polysilicon prices, driving the company's main business profitability to improve synchronously.
At the same time, with the recovery of polysilicon price in the third quarter, the cost of power elements in the wet season of the Company has decreased on a month-on-month basis; the polysilicon business of the Company has been profitable in the third quarter.
In addition, Tongwei joint-stock exchange disclosed that after entering the winter dry season, the electricity price of the company's projects in southwest China will rise annually. Affected by this, in order to further maintain the stable operation of the polysilicon market and promote the long-term healthy development of the photovoltaic industry , the company will carry out maintenance work on some projects according to the overall production and operation plan, and reduce production and control production in a phased and orderly manner. During the
exchange, Tongwei introduced that the company has fully laid out the mainstream technologies such as TOPCon, HJT, xBC, perovskite/crystalline silicon stack and so on. In terms of HJT R & D, the company builds a multi-dimensional ecological chain of HJT "cost reduction and efficiency enhancement" to tackle key problems and promote its large-scale production process. Up to now, the average power of HJT module batches produced by the company's 1GW pilot line has exceeded 770W (2384 * 1303 mm) , which is in the leading position in the industry. At the same time, the technology of silver-clad copper and copper interconnection has made positive progress successively, which has promoted the significant reduction of silver consumption per unit of HJT. The company will also dynamically evaluate the feasibility of mass production of HJT around the dimensions of economy, reliability and market acceptance.
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