锦浪科技-模型更新

Flash | 24 Mar 2025 05:54:55 ET │ 12 pages Ginlong Technologies (300763.SZ) Model Update CITI'S TAKE We have lowered Ginlong's net profit by 12% in 2025E and 16% in 2026E assuming less profit contribution from residential power generation system and distribution solar power stations due to tariff policy change. The company had Rmb638m (+51.7% yoy) gross profit from these two segments from capacity expansion, which accounted for 59.1% (+23.9ppts yoy) of its total gross profit mix. New residential and distrib ...