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Tongwei (600438) investor relations material
Tongwei H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Financial highlights
Total assets at period end reached RMB 201.93 billion, up 3.07% from last year end.
Net assets attributable to shareholders decreased 9.30% year-over-year to RMB 43.95 billion.
Operating revenue for the half-year was RMB 40.51 billion, down 7.51% year-over-year.
Net profit attributable to shareholders was a loss of RMB 3.13 billion, down 58.35% year-over-year.
Net cash flow from operating activities was negative RMB 1.95 billion, a significant decline from positive RMB 961 million a year ago.
Basic and diluted EPS both at -1.1007 RMB, down 58.35% year-over-year.
Key financial ratios and metrics
Weighted average ROE was -10.72%, a decrease of 5.56 percentage points year-over-year.
Asset-liability ratio increased to 71.93% from 70.44% at last year end.
EBITDA interest coverage ratio dropped to 0.71 from 1.23 year-over-year.
Capital allocation and financing
Multiple green bonds and short-term notes issued in 2024 and 2025, each with a principal of RMB 500 million and interest rates ranging from 2.20% to 2.95%.
Outstanding bonds include both medium-term notes and short-term commercial papers with maturities from 2025 to 2029.
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