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FINWIRES

Ginlong Technologies' Q1 Profit Plunges 69% on Lower Revenue; Shares Slump 16%

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-- Ginlong Technologies' (SHE:300763) net profit attributable to shareholders in the first quarter of 2026 plummeted 69% year on year to 61.2 million yuan from 194.7 million yuan, according to a Shenzhen bourse filing on Monday.

Earnings per share edged down to 0.15 yuan from 0.49 yuan.

The Chinese PV string inverter specialist's revenue fell 6.5% to 1.42 billion yuan from 1.52 billion yuan a year earlier.

Ginlong's shares slumped 16% in late-afternoon trade on Monday.

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