Jinlang technology, founded in 2005, is a listed A-share company with series inverter as its largest business. Its headquarter is located in Xiangshan Binhai Industrial Park, Ningbo City, Zhejiang Province.
According to the public information, as the main core component of photovoltaic system, the series inverter needs to be integrated with other components and provided to the owner of the final power plant investment. Jinlang technologys main customers are photovoltaic power generation system integrators, EPC contractors, installers and investment owners.
The semi annual report of 2020 shows that jinlang technology has put into operation distributed in Zhejiang, Jiangsu, Guangdong and other provinces, with a total installed capacity of 62.72mw. The grid connected photovoltaic power station is 51.53mw. The total electricity sales is 21.75 million kwh, and the revenue is 15.42 million yuan.
According to the official website, jinlang technology R & D team has more than 10 years of technical research and engineering design experience in the field of inverter, and has been rated as the key innovation team of Zhejiang Province. The company is a key high-tech enterprise of the national Torch Program, and has built an enterprise academician workstation in cooperation with Shanghai Jiaotong University.
At present, jinlang technologys domestic customers include Dongfang Risheng (300118. SZ), Trina Solar (688599. SH) and other A-share listed companies.
In addition, jinlang technology has always adhered to the global layout of parallel development of domestic and foreign markets, and actively explored major global markets such as the United States, the United Kingdom, the Netherlands, Australia, Mexico, India, Brazil and Southeast Asia. Thanks to the balanced global layout of the company, from 2017 to 2019, the companys export revenue was 278 million yuan, 479 million yuan and 713 million yuan respectively, showing an upward trend year by year.
After landing on the gem of Shenzhen Stock Exchange on March 19, 2019, jinlang technologys share price rose sharply and was promoted to 100 yuan share. On August 10, the closing price was 113.5 yuan / share, which was more than 4 times higher than the issue price of 26.64 yuan / share. As of press release, its share price fell to 105.2 yuan per share.