Ginlong Technologies (300763) investor relations material

Executive summary

• Revenue for H1 2026 reached ¥3.88 billion, up 2.32% year-over-year, while net profit attributable to shareholders fell 29.74% to ¥423 million due to increased forex losses, higher equity incentive expenses, and seasonal declines in power generation efficiency.

• Overseas sales grew, with overseas revenue up 31.63% and domestic revenue down 23.52% year-over-year.

• The company maintained a strong global presence and continued to invest in R&D, with R&D expenses rising 18.9% to ¥256 million.

Financial highlights

• Operating cash flow was ¥741 million, down 8.59% year-over-year.

• Gross margin for the main business was 35.10%, with storage inverters at 33.16%, grid-tied inverters at 30.45%, and residential PV systems at 50.22%.

• Total assets increased 3.37% to ¥20.02 billion; net assets attributable to shareholders rose 4.02% to ¥9.42 billion.

• Basic and diluted EPS were ¥1.07, down 29.61% year-over-year.

• Cash and cash equivalents at period end were ¥1.22 billion.

Outlook and guidance

• The company expects continued growth in overseas markets and will focus on high-quality development, product innovation, and global market expansion.

• No interim dividend, bonus shares, or capital increase from reserves for H1 2026.