CHENGDU, China, Aug. 4, 2023 /PRNewswire/ — The 2023 Fortune Global 500 list was officially released on August 2. Tongwei Group made its debut on the list with revenue of CNY 2.148.82 billion and ranked 476th, becoming the world’s first PV company to enter the Fortune Global 500. At the same time, Tongwei Group ranked 34th in Return on Equity (ROE) with a rate of return on net assets of 42.9%, which makes it the only mainland Chinese company among the top 50 companies with the highest ROE. Tongwei Group’s inclusion in the Fortune Global 500 marks its formal entry into the “club” of global giant companies and signifies its firm commitment to comprehensive internationalization.
Over the past 41 years, Tongwei Group has achieved steady development. As the world leader in high purity polysilicon and solar cells, Tongwei Group currently holds the world’s largest market share in production and sales of high purity polysilicon. Its solar cell shipments have remained at the top globally for six consecutive years. In 2022, Tongwei expanded into the module sector, and its module shipments entered the top ten globally. Its photovoltaic products are exported to more than 40 countries and regions around the world. Tongwei also pioneered the “PV-Fishing Integration” development model, with 52 “PV-Fishing Integration” bases established, achieving a cumulative grid-connected capacity of 3.4GW. Clean, high-quality PV power has benefited countless homes.
From its founding in China to its global expansion, from the deepening of Chinese manufacturing to China’s leading innovation, Tongwei Group, as a Fortune Global 500 company, will seize opportunities, use all technological innovations and quality products to contribute to the global response to climate change. promote green energy transformation and achieve carbon neutrality targets. It will provide China’s solutions and contribute to the strength of the Tongwei Group.
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