23 May 2025 | 4:38PM CST China Multi-Industry Tariff Impact - Feedback from Appliances, Autos, Industrial Tech & Solar Companies (week of May 23) We have conducted discussions with select companies in the appliances, autos, industrial tech and solar sectors to understand the latest management thoughts on the business outlook following the increase in US tariffs. Details inside. China Consumer Durables We have interviewed selected covered companies within the white goods, consumer electronics and furniture s ...

In 2024, Ginlong Technologies' (Ginlong) revenue/attributable net profit (NP)/recurring NP were RMB6,542/691/637mn (+7.23/-11.32/-18.94% yoy). The attributable NP was below our previous forecast of RMB1,155mn, mainly due to weaker demand from overseas PV and storage inventory destocking, in our view. In 1Q25, revenue was RMB1,518mn (+8.65% yoy) and the attributable NP was RMB195mn (+860/+774% yoy/qoq), mainly driven by strong revenue growth from power-station business. The company is a top-tier player in th ...