Ginlong Technologies Co.Ltd(300763) 2021 new high revenue and net profit energy storage inverter business is getting better

On the evening of April 25, Ginlong Technologies Co.Ltd(300763) disclosed the annual report of 2021. The report shows that the company achieved an operating revenue of 3.312 billion yuan, a year-on-year increase of 58.92%; The net profit attributable to shareholders of listed companies was 474 million yuan, a year-on-year increase of 48.96%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 392 million yuan, a year-on-year increase of 40.46%; The basic earnings per share is 1.93 yuan. The company plans to increase 5 shares for every 10 shares to all shareholders with capital reserve.

In 2021, the global distributed photovoltaic market continued to develop, and the photovoltaic industry entered a new stage of rapid development. With the advantages of technology research and development, brand and customer resources, product quality and so on, the company realized the rapid growth of photovoltaic inverter products in the reporting period, and the sales volume and production volume increased by 46.43% and 42.88% respectively year-on-year; Among them, the revenue of grid connected inverter products increased by 43.45% year-on-year; The revenue of energy storage inverter products increased significantly, with a year-on-year increase of 370.85%. At the same time, thanks to the balanced layout of globalization, the company’s revenue outside China increased steadily with the increase of global total installed capacity. In the mainland market, the company achieved a sales revenue of 1.518 billion yuan, a year-on-year increase of 84.12%; Overseas markets (including Hong Kong, Macao and Taiwan) achieved sales revenue of 1.794 billion yuan, a year-on-year increase of 42.42%.

In the new energy power production business segment, the company continues to accelerate the layout of distributed photovoltaic power stations. In 2021, 177 distributed photovoltaic power stations have been put into operation in Zhejiang, Jiangsu, Guangdong and other provinces (an increase of 56 over the previous year), with a total installed capacity of about 177.76mw. It has a relatively mature one-stop solution capacity for new energy power production business. During the reporting period, the revenue was 87 million yuan, a year-on-year increase of 127.43%.

The company committed to R & D and innovation, with a year-on-year increase of RMB 8.3 billion, with a year-on-year increase of RMB 8.3 billion. With the continuous iterative updating of the company’s products, the company’s inverter products not only improve the efficiency and stability, but also undertake the functions of various information transmission and processing, real-time human-computer interaction and application expansion in the photovoltaic power generation system. It is an intelligent key equipment for the system to connect the smart grid and energy Internet.

On the same day, the first quarterly report of 2022 disclosed by the company showed that the company achieved a revenue of 1.102 billion yuan, a year-on-year increase of 78.72%; The net profit attributable to shareholders of listed companies was 164 million yuan, with a year-on-year increase of 54.97%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 141 million yuan, a year-on-year increase of 51.20%.

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