Producer

Tongwei Co., Ltd.

600438.SSHQ CN · Sichuanwebsite ↗

World's largest polysilicon producer by capacity (~910,000 MT); also makes solar cells, modules, and animal feed — the dual-use company that pivoted from aquaculture to solar manufacturing.

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Inputs supplied

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Goods downstream

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Facilities

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Stories

Where it shows up

Goods downstream

Essential goods that depend on something Tongwei Co., Ltd. makes — pick one to see the full supply chain.

What else they do

Business segments

The company's full revenue map — where this supply-chain role fits within their broader business.

  • Polysilicon

    55%
  • Solar Cells (PV Cells)

    25%
  • Solar Modules

    10%
  • Aquaculture Feed (Tongwei's Original Business)

    10%

Intelligence

What's known

Sourced claims about this company's role in supply chains — chokepoints, concentration, incidents, dual-use connections.

  • Did you know2024

    Tongwei Co., Ltd. is simultaneously China's largest aquaculture feed producer (100+ feed mills, primarily carp and freshwater fish) AND China's largest solar cell manufacturer (accounting for ~20%+ of global solar cell production). The same Chengdu-headquartered conglomerate feeds the fish on Chinese dinner tables and manufactures the solar cells on Chinese and global rooftops. No other company in the world has a dominant position in both the food system and the solar energy supply chain. Tongwei's aquafeed division generates ~$8-10B revenue; its solar division ~$10-15B.

    Tongwei Co., Ltd.
  • Origin2023

    Tongwei Co., Ltd. was founded in 1984 in Chengdu, Sichuan by Xie Yifang as a fish feed company — producing compound aquaculture feed for China's inland fish farming industry. By the early 2000s, Tongwei had become one of China's largest aquaculture feed producers, a position it maintains today. In 2006, Xie recognized the solar industry opportunity and pivoted Tongwei's industrial resources into polysilicon manufacturing. By 2024, Tongwei had become the world's largest polysilicon producer (~26% global market share, 910,000 MT/year capacity) while still operating its original aquaculture feed business. A fish feed company became the dominant global supplier of the primary raw material for solar panels — one of the most dramatic corporate transformations from food to clean energy in modern industrial history.

    Tongwei Co., Ltd.
  • Capacity2023

    Tongwei's polysilicon plants in Sichuan (Leshan, Yongxiang) are powered predominantly by hydroelectric power from Sichuan's extensive river systems — giving Tongwei a lower carbon intensity and lower operating cost for polysilicon production than competitors located in coal-heavy regions like Xinjiang. This geographic advantage also reduces UFLPA (Uyghur Forced Labor Prevention Act) import risk compared to GCL-Poly and Daqo, whose primary production is in Xinjiang. In 2024-2025, a global polysilicon oversupply crisis (prices down ~80% from 2022 peaks) has put enormous pressure on all producers; Tongwei's hydropower cost advantage and non-Xinjiang supply chain position make it relatively better positioned to survive the downcycle.

    Tongwei Co., Ltd.