June 19 (NBD) -- The price of silicon material would likely fluctuate in a short term, which would accelerate the shedding of backward production capacity, Tongwei Co., Ltd. (600438.SH) said last Friday in response to investors' concern over the possible impact of declining price of silicon material on the company.

Tongwei expected the company's silicon material business in the first half of this year would meet prior expectations and the business would achieve good financial results for the whole year of 2018 considering lower cost and upgraded technology in the second half of this year.

Editor: Gao Han