Ginlong Technologies(SZ:300763) Chang Jiang Shang Bao·2025-08-05 00:02Core Viewpoint - Jinlang Technology, a leading inverter manufacturer, has made significant progress in its fundraising efforts, with plans to raise up to 1.677 billion yuan through convertible bonds to enhance its presence in the photovoltaic and energy storage industries [1][2]. Group 1: Fundraising and Investment Plans - The company plans to use the raised funds for five specific projects, including 355 million yuan for a distributed photovoltaic power station project, which will provide stable electricity sales revenue [2]. - Additional investments include 333 million yuan for a high-voltage, high-power grid-connected inverter project and 291 million yuan for a medium and large power hybrid energy storage inverter project, which will increase production capacity significantly [2]. - The company also emphasizes R&D and digital upgrades, allocating 248 million yuan for the Shanghai R&D center and 9.855 million yuan for digital enhancement projects [2]. Group 2: Financial Performance - Jinlang Technology has shown strong growth, with net profit and non-recurring net profit increasing by 859.78% and 1024.38% year-on-year, respectively, in Q1 2025 [1][3]. - The company’s total assets grew from 1.284 billion yuan in 2019 to 20.53 billion yuan by Q1 2025, reflecting a significant expansion [1][5]. - Despite a temporary decline in 2024 due to industry destocking, the company’s revenue and net profit rebounded in 2025, achieving 1.518 billion yuan in revenue, a year-on-year increase of 8.65% [3][5]. Group 3: R&D and Technological Advancements - Jinlang Technology has consistently increased its R&D investment, totaling 1.264 billion yuan over five years, with R&D expenses accounting for 5.88% of total revenue in 2024 [4][5]. - The company has developed a range of core patented technologies and has advanced its product technology platform to include smart energy management systems [4].