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