Solar inverter company Ginlong Solis goes public, now listed on the Shenzhen Stock Exchange

Ginlong (Solis) Technologies has landed on Shenzhen Stock Exchange, making it the world’s only stock listed company with its main business being string inverters. Till today, the company stock value is over 4 billion RMB.

Ginlong (Solis) Technologies is publicly offering 20 million shares, including 20 million IPO shares offered at 26.64 yuan per share and raising funds of 533 million yuan. The post-public-offering share capital of Ginlong (Solis) Technologies is 79.999952 million in total. Ginlong (Solis) Technologies principally engages in the research and development, production, sale and service of distributed PV system core unit groups string inverter. In 2018, its operating income reached 831 million yuan with the net profit of 118.0641 million yuan.

Founded in 2005, Ginlong (Solis) has grown to be a leading high-level technical research and development team, many of whom are experts in the field. In the process of R & D and product industrialization, Ginlong (Solis) already has many domestic and foreign authorized patents along with continually pioneering new technologies and has become the technological pioneer in the industry. Ginlong (Solis)’s products have been exported to more than 80 countries in the world. Since its establishment, the company has adhered to the global layout and independent brand strategy, taking product reliability and performance advantage as its core competitiveness. The top ten customers of Ginlong (Solis) are mostly from Asia, Europe, America, Oceania and other countries and regions, and has accumulated advantages of brand and market.

Through this listing, Ginlong (Solis) will further expand the market and push brand “Solis” to more countries.

— Solar Builder magazine

[source: https://solarbuildermag.com/inverters/solar-inverter-company-ginlong-solis-goes-public-now-listed-on-the-shenzhen-stock-exchange/]