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Tongwei Co Ltd (600438.SS)

600438.SS on Shanghai Stock Exchange

11.51CNY
19 Jan 2018
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Mon, Jan 8 2018

BRIEF-Tongwei Expects 2017 Net Profit To Rise 80-100 Percent Y/Y

* SAYS IT EXPECTS 2017 NET PROFIT TO RISE 80-100 PERCENT Y/Y VERSUS NET PROFIT OF 1.0 BILLION YUAN ($153.96 million) YEAR AGO Source text in Chinese: http://bit.ly/2CRodET Further company coverage: ($1 = 6.4951 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

BRIEF-Tongwei Plans To Issue A-Share Convertible Bonds, Plans Employee Stock Ownership Plan

* SAYS IT PLANS TO ISSUE UP TO 5.0 BILLION YUAN ($756.74 million) A-SHARE CONVERTIBLE BONDS

BRIEF-Tongwei plans solar cell production projects, commercial paper issue

* Says it plans to issue up to 3.0 billion yuan ($452.18 million) commercial paper

BRIEF-Tongwei's 9-month net profit up 69.5 pct y/y at 1.53 bln yuan

* Says its 9-month net profit up 69.5 percent y/y at 1.53 billion yuan ($231.17 million)

BRIEF-Tongwei sees Jan-Sept profit up 50-70 pct on upgrade in production technology

* Says it expects Jan-Sept net profit to rise 50-70 percent y/y from 901.6 million yuan ($139.19 million) a year ago

BRIEF-Feedstuffs producer Tongwei's H1 net profit up 57.8 pct y/y

* Says H1 net profit up 57.8 percent y/y at 791.6 million yuan ($118.64 million)

BRIEF-Tongwei to invest 8 bln yuan in high purity silicon and new energy project

* Says co plans to invest a high purity silicon and new energy project in Baotou via co's Sichuan-based unit or the unit's project company, with annual output of 50,000 tons

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