According to EnergyTrend, Tongwei Co., Ltd. released an announcement on June 22, stating that the company plans to conduct a cash capital increase to its wholly-owned subsidiary Tongwei Solar Technology Co., Ltd. using internal funds, with the total capital injection amounting to RMB 5.06 billion.
According to the disclosure in the announcement, all funds raised through this capital increase will be recorded in the capital surplus of Tongwei Solar, while the registered capital of the target subsidiary will remain unchanged. Upon completion of the capital increase, Tongwei Solar will continue to be a 100% wholly-owned subsidiary of Tongwei Co., Ltd. The capital for this injection will be sourced from the listed firm’s internal funds, with no proceeds from equity offerings involved.
Regarding the purpose of the capital injection, Tongwei Co., Ltd. noted in the announcement that the move aims to sustain the high-quality development of Tongwei Solar’s businesses, optimize its asset-liability structure, strengthen its capital base and risk resistance capacity, and improve asset operation efficiency and overall competitiveness.
In addition, the announcement concurrently disclosed recent operational and financial data of Tongwei Solar. At the end of 2025, Tongwei Solar posted operating revenue of RMB 24.171 billion and a net loss of RMB 832 million. In the unaudited first quarter of 2026, its operating revenue reached RMB 4.618 billion, with a net loss of RMB 269 million.
Source：EnergyTrend