Ginlong Technologies Co., Ltd.
300763.SZ · SHZ
Company research
Ginlong Technologies Co., Ltd. (300763.SZ) is a Ningbo, China-based global leader in the research, development, manufacturing, and sale of solar string inverters, founded in 2005 and listed on the Shenzhen Stock Exchange in March 2019 as the first A-share listed company focused exclusively on string inverters. The company markets its comprehensive product portfolio — spanning single-phase and three-phase inverters, utility-scale inverters, energy storage inverters, and associated accessories such as export power managers and data logging sticks — under the globally recognized Solis brand. With an annual production capacity of up to 40 GW and products exported to over 80 countries, Ginlong ranks among the world's top three solar inverter manufacturers, serving residential, commercial & industrial, and utility-scale customers alike. The company has been consecutively honored with the "Top Inverter Brand" title by EuPD Research for over ten years, reflecting its strong commitment to innovation, reliability, and the global transition to renewable energy.
Research reports
The report reviews Ginlong’s 2025 full-year results and 2026 Q1, noting mid-single-digit revenue and profit growth in 2025 but a weak Q4 due to higher expenses, while projecting a sharp acceleration in 2026–2028 driven by rapid expansion in residential and commercial/industrial energy-storage systems and continued scaling of inverter shipments, supporting a maintained “buy” rating. Key risks highlighted include intensified competition in storage, battery cell price volatility, and potential policy and demand uncertainties.
富途新闻 / Futu NiuNiu (aggregated Brokerage Research) · September 10, 2025锦浪科技(300763)2025半年报点评：储能出货高增带动盈利显著提升This half-year review emphasizes that a surge in energy-storage inverter shipments, improved customer mix, and ongoing cost reductions led to 13.09% revenue growth and 70.96% net profit growth in 2025 H1, with storage inverter revenue up 313.51% and both storage and grid-tied inverter margins improving. The analysts forecast strong revenue and profit growth through 2027, assign a “buy” rating based on valuation multiples, and flag risks around downstream demand, competitive pressure, and international trade policy uncertainty.
民生证券研究院（Minsheng Securities Research Institute） · August 18, 2025锦浪科技（300763.SZ）2025 年半年报点评：25Q2 业绩亮眼，储能逆变器高增长Minsheng’s report on the 2025 half-year results highlights strong Q2 performance, with significant revenue and net profit growth driven by rapid expansion of storage inverter sales, improved inverter margins, and favorable demand recovery in Europe and emerging markets alongside product and customer mix optimization. It projects robust revenue and earnings growth for 2025–2027, maintains a “推荐” (buy/bullish) stance, and notes key risks including weaker-than-expected downstream demand and intensifying competition.
东吴证券研究所（Soochow Securities Research Institute） · August 14, 2025锦浪科技（300763） 2025 半年报点评：受益欧洲及亚非拉需求增长，Q2 储能超预期环比高增This 2025 half-year review from Dongwu Securities finds that Ginlong’s H1 revenue and net profit rose strongly, with Q2 storage inverter shipments more than doubling quarter-on-quarter thanks to recovering European demand and rising installations in Asia, Africa, and Latin America, while grid-tied inverter shipments softened but maintained improved margins. The analysts forecast continued growth in storage shipments and stable cash flow from self-owned residential and commercial solar plants, support a maintained “buy” rating, and point to competition and policy risks as key uncertainties.