Ginlong Technologies Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 10, 2020 at 05:59 am EDT
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Ginlong Technologies Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 727.497 million compared to CNY 411.865 million a year ago. Operating income was CNY 140.458 million compared to CNY 35.206 million a year ago. Net income was CNY 118.325 million compared to CNY 30.986 million a year ago. Basic earnings per share from continuing operations was CNY 0.86 compared to CNY 0.26 a year ago.
Ginlong Technologies Co Ltd, formerly Ningbo Ginlong Technologies Co Ltd, is a China-based company principally engaged in the research and development, production and sales of string inverters as well as the provision of related after-sales services. The Company's main products include single-phase string inverters, three-phase string inverters and other inverters. In addition, The Company is also engaged in the production and sales of inverter fast shut-offs, inverter data collectors, distributed wind power system supporting products and distributed photovoltaic inverter parts. The Company's products are mainly used in distributed photovoltaic power generation systems. The Company mainly distributes its products to the overseas markets.
GINLONG TECHNOLOGIES CO., LTD. 
