Ningbo Ginlong Technologies Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 21, 2020 at 04:02 am EDT
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Ningbo Ginlong Technologies Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 281.552 million compared to CNY 160.436 million a year ago. Operating income was CNY 69.965 million compared to CNY 7.305 million a year ago. Net income was CNY 58.504 million compared to CNY 6.751 million a year ago. Basic earnings per share from continuing operations was CNY 0.73 compared to CNY 0.11 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. 
