Ginlong Technologies Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 04:42 am EDT
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Ginlong Technologies Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,102.21 million compared to CNY 616.71 million a year ago. Revenue was CNY 1,102.21 million compared to CNY 616.71 million a year ago. Net income was CNY 164.37 million compared to CNY 106.06 million a year ago. Basic earnings per share from continuing operations was CNY 0.4467 compared to CNY 0.28 a year ago. Diluted earnings per share from continuing operations was CNY 0.44 compared to CNY 0.28 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. 
