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.
Zhonghuan will generate stronger margins than peers since it has little legacy capacity.
Zhonghuan’s capacity is too large, and it must price aggressively to increase utilization rate in the current overcapacity environment.
|
Metric
|
002129
|
300274
|
601012
|
|---|---|---|---|
Price/Earnings (Normalized) | 6.41 | 16.56 | 8.82 |
Price/Book Value | 1.00 | 5.65 | 1.99 |
Price/Sales | 0.66 | 2.24 | 1.05 |
Price/Cash Flow | 9.85 | 16.69 | 10.79 |
|
Metric
|
002129
|
300274
|
601012
|
|---|---|---|---|
Quick Ratio | 1.10 | 0.89 | 0.96 |
Current Ratio | 1.88 | 1.56 | 1.38 |
Interest Coverage | 7.15 | 34.75 | 36.16 |
|
Metric
|
002129
|
300274
|
601012
|
|---|---|---|---|
Return on Assets (Normalized) | 5.87% | 12.81% | 10.17% |
Return on Equity (Normalized) | 17.08% | 40.88% | 23.39% |
Return on Invested Capital (Normalized) | 8.64% | 29.14% | 19.81% |
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Ticker
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Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
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