Stock Code: 600438 Short Name: Tongwei Co., Ltd.
Tongwei Co., Ltd.
2022Annual Report
Important Notice
I. The board of directors, supervisory committee as well as directors, supervisors and senior
managers of the Company are responsible for the authenticity, accuracy and completeness of the
information contained in this Annual Report without false records, misleading statements or
material omissions, and assume joint and several liability therefor.
II. All directors of the Company have been present in the board meeting.
III. Sichuan Huaxin (Group) CPA(Special General Partnership) has issued a standard unqualified
opinion on the Company.
IV. Liu Shuqi, Head of the Company, Zhou Bin, Head of accounting affairs and Gan Lu, Head of
accounting department represent that they are responsible for the authenticity, accuracy and
completeness of the financial statements in thisAnnual Report.
V. The proposal on profit distribution or the proposal on conversion of capital reserve to share
capital for current period resolved in the board meeting
The Company will distribute profits for the year 2022 based on its total share capital on the record
date. A cash dividend of 28.58 yuan per 10 shares (including tax) will be distributed to all shareholders. As
of December 31, 2022, the total share capital of the Company was 4,501,946,097 shares, based on which
the total cash dividend to be distributed is 12,866,561,945.23 yuan (including tax). If there is any change in
the total share capital before the record date, the total dividend amount will remain unchanged, and the
dividend per share will be adjusted accordingly. The above profit distribution proposal will be submitted to
the Company’s general meeting for approval before execution.
VI. Cautionary note on forward-looking statement
"√Applicable" "□ Not applicable"
The forward-looking statements of the Company regarding its future development strategies and
business plans do not constitute any substantial commitment of the Company to investors; and investors
should pay attention to risks.
VII. Any funds possessed by the controlling shareholder and other related parties for non-operating
purposes?
No
VIII. Any outward guarantee provided by the Company in violation of the prescribed
decision-making procedures?
No
IX. More than half of the directors cannot ensure the truthfulness, accuracy, and completeness of
the annual report disclosed by the Company?
No
X. Notice on material risks
The Company had detailed possible risks in this Report. Please refer to “VI Discussion and Analysis
on the Company’s Future Development” in Section III Management Discussion and Analysis for more
information on possible risks and actions.
XI. Others
"□Applicable" "√ Not applicable"
*The 2022 Annual Report of Tongwei Co., Ltd. was published both in Chinese and English. Where any discrepancy arises between the English and the Chinese
content, the Chinese version shall prevail. The English version here was only used for investors’reference.
Contents
Section I. Definitions...... 4
Section II. Company Profile and Major Financial Indicators...... 6
Section III. Management Discussion andAnalysis...... 9
Section IV. Company Governance...... 40
Section V. Environmental and Social Responsibility...... 62
Section VI. Important Matters...... 75
Section VII. Share Changes and Shareholders...... 91
Section VIII. Preference Shares...... 98
Section IX. Bonds...... 98
Section X. Financial Report......102
Financial statements bearing the signatures and seals of the head of the Company, the
head of the accounting affairs, and the head of the accounting department.
List of documents Original auditor's report bearing the seal of the accountant firm and the signatures of the
to be checked CPAs.
Formal copies of all Company documents and the original announcements publicly
disclosed in websites designated by the CSRC.
Section I. Definitions
I. Definitions
Unless otherwise indicated in the context, the following terms shall have the following meanings in this
Report:
Definitions of frequently used terms
Tongwei, Company, refers to Tongwei Co., Ltd.
We, or us
Tongwei Group refers to Tongwei Group Co., Ltd.
Yongxiang refers to Yongxiang Co., Ltd.
Yongxiang Polysilicon refers to Sichuan Yongxiang Polysilicon Co., Ltd.
Yongxiang New Energy refers to Sichuan Yongxiang New Energy Co., Ltd.
Inner Mongolia refers to Inner Mongolia Tongwei High-purity Crystalline Silicon
Tongwei Company
Yunnan Tongwei refers to Yunnan Tongwei High-purity Crystalline Silicon Company
Tongwei New Energy refers to Tongwei New Energy Co., Ltd.
Hefei Solar refers to Tongwei Solar (Hefei)
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