Ningbo Ginlong Technologies Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
March 30, 2020 at 06:17 am EDT
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Ningbo Ginlong Technologies Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 1,139.115 million compared to CNY 831.384 million a year ago. Operating income was CNY 148.302 million compared to CNY 132.371 million a year ago. Net income was CNY 126.583 million compared to CNY 118.064 million a year ago. Basic earnings per share from continuing operations was CNY 1.69 compared to CNY 1.97 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. 
