Tongwei Co (SHSE:600438) EBITDA Margin %: -23.93% (As of Mar. 2026)


SHSE:600438 Tongwei Co Ltd SHSE:600438
57 GF Score
Price ¥10.87
GF Value ¥18.39
Valuation Possible Value Trap
! 8 Warning Signs
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What is Tongwei Co EBITDA Margin %?

Tongwei Co SHSE:600438 -4.31% 57 EBITDA Margin % is -23.93% as of Mar. 2026. GuruFocus rates SHSE:600438 with a GF Score™ of 57/100 and a GF Value™ of ¥18.39 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,022 Semiconductors companies, Tongwei Co ranks worse than 82.97% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Tongwei Co's EBITDA for the three months ended in Mar. 2026 was ¥-2,902 Mil. Tongwei Co's Revenue for the three months ended in Mar. 2026 was ¥12,125 Mil. Therefore, Tongwei Co's EBITDA margin for the quarter that ended in Mar. 2026 was -23.93%.


Tongwei Co  (SHSE:600438) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Tongwei Co EBITDA Margin % Related Terms


Tongwei Co EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Tongwei Co's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tongwei Co EBITDA Margin % Chart

Tongwei Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.38 31.41 21.54 2.76 4.00

Tongwei Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.75 -10.88 3.16 -23.15 -23.93

SHSE:600438 vs FSLR, NXT, ENPH: EBITDA Margin % Comparison

For the Solar subindustry, Tongwei Co's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tongwei Co EBITDA Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Tongwei Co's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Tongwei Co's EBITDA Margin % falls into.


SHSE:600438
57GF Score
Tongwei Co Ltd SHSE:600438
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tongwei Co EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Tongwei Co's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=3365.14/84128.282
=4.00 %

Tongwei Co's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-2901.72/12125.08
=-23.93 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of -23.93% mean?
Tongwei Co (SHSE:600438) has a EBITDA Margin % of -23.93% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Tongwei Co and its competitors. According to the industry distribution chart, Tongwei Co ranks #848 out of 1022 companies in the Semiconductors industry, placing it in the top 83%.
Is Tongwei Co's EBITDA Margin % too high?
Tongwei Co's current EBITDA Margin % is -23.93%. Based on the distribution chart, Tongwei Co ranks #848 out of 1022 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Tongwei Co has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tongwei Co's EBITDA Margin % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Tongwei Co ranks #848 out of 1022 companies for EBITDA Margin %. This places Tongwei Co in the lower half of its industry. The industry median EBITDA Margin % is 10.73. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Semiconductors company?
The median EBITDA Margin % among Semiconductors companies is 10.73, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Tongwei Co and its competitors. For the Semiconductors industry, the median EBITDA Margin % is 10.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongwei Co's current EBITDA Margin % is -23.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongwei Co stock overvalued right now?
Based on GuruFocus' analysis, Tongwei Co (SHSE:600438) is currently considered Possible Value Trap. The stock's GF Value™ is ¥18.39, compared to a current price of ¥10.87 — trading 40.9% below its estimated fair value. The current EBITDA Margin % is -23.93%. Tongwei Co's overall GF Score™ is 57/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Tongwei Co (SHSE:600438), the current EBITDA Margin % is -23.93% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tongwei Co (SHSE:600438) Overvalued in 2026?

Based on GuruFocus' analysis, Tongwei Co stock appears to be undervalued. The current stock price of ¥10.87 is trading 40.9% below its estimated GF Value™ of ¥18.39. GuruFocus considers Tongwei Co to be Possible Value Trap.

Key valuation signals for SHSE:600438:

  • EBITDA Margin %: -23.93%
  • GF Value™: ¥18.39 vs. price of ¥10.87 (40.9% below fair value)
  • GF Score™: 57/100 with 8 warning signs

No single metric tells the full story. See the SHSE:600438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tongwei Co Business Description

Address No. 588, Middle Section Tianfu Avenue, High-Tech Zone, China (Sichuan) Pilot Free Trade Zone, Chengdu, CHN, 610041
Tongwei is the world's largest polysilicon producer and a leading solar cell and module supplier. The solar business contributed more than 60% of revenue in 2025. In addition, Tongwei runs a feed and food business, which made up 35% of revenue in 2025.
57GF Score

Get the complete analysis for SHSE:600438

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥10.87
Price
¥18.39
GF Value