Ginlong Technologies Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 20, 2020 at 04:00 am EDT
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Ginlong Technologies Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,351.063 million compared to CNY 775.081 million a year ago. Operating income was CNY 248.464 million compared to CNY 84.367 million a year ago. Net income was CNY 210.190 million compared to CNY 72.769 million a year ago. Basic earnings per share from continuing operations was CNY 1.52 compared to CNY 0.58 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. 
