Ginlong Technologies (Solis) achieves another year of strong sales growth in 2020


7 May, 2021 Ginlong Technologies Co.,Ltd. (Solis) published its 2020 annual report. In 2020, the Company’s revenue reached USD 321.6 million , an increase of 83% year-on-year. Net profit attributable to the shareholders was USD 48.9 million, an increase of 151% year-on-year. Net profit after the deduction of extraordinary items was USD 43.1 million, +130% year-on-year. Net cash flow from operating activities was USD 56.3 million, +154% year-on-year. The Company plans to convert 7 shares per 10 shares to all the shareholders in the form of capital reserve.

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Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power. --Email: [email protected]

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