TCL Zhonghuan Renewable Energy Technology Co Ltd Class A
002129: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CNY 98.40 | Kdnnl | Qpfnhrzjt |
TCL Zhonghuan: Initiating Coverage With No Moat and Stable Trend; CNY 25.70 Fair Value Estimate
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Business Strategy and Outlook
TCL Zhonghuan strives to achieve global leadership in solar silicon wafer production. As of December 2022, Zhonghuan’s solar wafer capacity has overtaken longtime champion Longi Green Energy to become the largest in the world. After years of investment in smart manufacturing, Zhonghuan has built the most automated factories in the industry. This helps increase output and reduce costs.