TCL Zhonghuan Renewable Energy Technology Co Ltd Class A

002129: XSHE (CHN)
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TCL Zhonghuan Earnings: Raise Fair Value Estimate by 11% to CNY 8 on Vertical Integration Gains

TCL Zhonghuan's first-half revenue grew 7% year on year, as growth in solar modules and semiconductor wafers more than offset lower solar wafer sales. The company remained deeply lossmaking, with a net loss margin of 22%.

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