Ginlong Technologies Co., Ltd. engages in the research, development, production, service, and sale of string inverters worldwide. The company provides single and three phase inverters; utility scale inverters; energy storage inverters; and other accessories. It also offers residential, commercial and industrial, and utility-scale power plant solution, as well as energy storage system. Further, it offers download, warranty, after sales service, monitoring, PV plant design, and installation video services. It sells its products under the Solis brand. Ginlong Technologies Co., Ltd. was founded in 2005 and is headquartered in Ningbo, China.
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FCC Ban Jolts Inverter Stocks: Sungrow Tumbles 10% Intraday, Existing Products Still Allowed
The US Federal Communications Commission has added Chinese-made new-type inverters and advanced robots to its restricted list. The rule takes effect immediately but applies only to new models not yet on the market. Existing units already in use or approved in the United States are not affected. Hit by the news, China's A-share inverter sector opened under pressure on the 29th. Leader Sungrow plunged as much as 10 percent intraday before closing down 4.93 percent. GoodWe, Kstar, and Chint Power all fell more than 3 percent in early trading but narrowed losses by the close. Kehua Data, SolaX Power, Sofar Solar, Sineng Electric, Ginlong Technologies, and Deye shares gradually recovered and turned positive. The China Photovoltaic Industry Association said the policy is not a blanket ban but will significantly raise compliance requirements for new products entering the US market. Companies need to pay attention to production location, software security, remote access mechanisms, and supply chain transparency, and evaluate conditional approval application pathways. An executive at a listed inverter company said the ban will no longer approve new inverter models for certification in the United States, so it mainly affects future product sales. Existing products are not impacted, and already certified models can still be sold to the US market. Over the past month, shares of global energy storage giant Sungrow have fallen by as much as one-third, wiping out over 100 billion yuan in market value. Chairman Cao Renxian has proposed a share buyback of 500 million to 1 billion yuan using the company's own or self-raised funds for equity incentives or employee stock ownership plans.
China Photovoltaic Industry Association: First-Half Installation Pullback a Rational Return, Long-Term Positive Trend Unchanged
Wang Bohua, former secretary-general of the China Photovoltaic Industry Association, said at a seminar on July 23 that China's photovoltaic industry is undergoing a deep adjustment in the first half of 2026, but the decline in installations is not a trend reversal, but a return to a rational norm. New photovoltaic installations in the first half of this year fell significantly to 72.07 gigawatts, down about 66 percent year-on-year, but this occurred against an abnormally high base in the same period of 2025, with moderate monthly fluctuations, as the industry shifts from pulse-like growth to steady growth. Exports became a bright spot, with total photovoltaic product exports in the first half reaching about 17.183 billion US dollars, up 24.3 percent year-on-year, of which module exports bucked the trend to rise 14 percent, the first such increase since the deep adjustment began in the second half of 2023. Gui Xiaoyang, deputy director of the National Energy Administration, noted that photovoltaic power generation grew more than 40 percent year-on-year, with output during peak midday hours accounting for one-third, and as of the end of June, national photovoltaic installed capacity reached 1.27 billion kilowatts, set to surpass coal power as the largest power source within the year, and suggested focusing on planning implementation, coordinated grid and storage development, and new integration models. Yao Yao, an analyst at Sinolink Securities, expects domestic demand to reach an inflection point in the second half of the year, with new installations returning to growth in 2027; BloombergNEF forecasts that global new photovoltaic installations will fall 8 percent to 612 gigawatts in 2026, resuming growth after 2027. Wang Bohua stressed that the industry's future focus lies in adjustment and transformation, including implementing mandatory national standards and building competitiveness through technological progress.
Solar Industry Workshop: Plunging Installations Force Transformation, Solar-Storage Integration and AI Computing Power Become New Growth Engines
At the 2026 Solar PV Industry Supply Chain Development Workshop in Ningbo, Zhang Xianli, Vice President of Sungrow Power Supply, pointed out that the development logic of new energy under the new power system has fundamentally changed. He expects that over the next five years, electricity consumption by data centers and computing power will become the fastest-growing core incremental market for the solar PV industry. Data from the National Energy Administration shows that in the first half of this year, domestic new solar PV installations reached 72.07 gigawatts, a year-on-year decline of 66 percent. Yao Yao, Chief New Energy Analyst at Sinolink Securities, forecasts that in 2026, domestic new installations under conservative, neutral, and optimistic scenarios will be 155 gigawatts, 190 gigawatts, and 230 gigawatts respectively, representing year-on-year declines of 51 percent, 40 percent, and 27 percent. Several industry figures noted that the consumption bottleneck has evolved from a regional issue into a nationwide challenge. The main contradiction in the solar PV industry has shifted from cost reduction alone to balancing cost reduction with grid stability. The industry is accelerating its transformation toward solar-storage integration, with energy storage upgrading from a supporting cost attribute to an independent profit center. Lu Hefeng, Vice President of Ginlong Technologies, mentioned that this year's government work report for the first time incorporated industrial strategic coordination into the national strategy. The entirely new electricity demand brought by the AI era is opening unprecedented growth space for the solar PV industry. Industry insiders generally believe that comprehensively enhancing power system stability, full-chain economic viability, and comprehensive energy utilization efficiency has become the core of the solar PV industry's next development phase. In the future, solar PV must achieve a shift from weather-dependent generation to controllable and precise generation.
US and Europe Plan to Restrict Chinese Solar Inverters; Leading Firms Say Short-Term Impact Is Limited
The Trump administration is pushing the Federal Communications Commission to draft a ban on foreign inverter imports, planning to restrict new-model overseas inverters from entering the US market on grounds of grid security. The new rules could be implemented within the year and are currently in the draft consultation stage. Earlier, the European Commission had already decided, citing cybersecurity risks, to limit funding from institutions such as the European Investment Bank for renewable energy projects using inverters from high-risk countries. After the news spread, the A-share solar inverter sector saw a sharp correction on July 1 and 2. Sungrow Power Supply dropped nearly 20 percent intraday and closed down 13.9 percent, with its total market value falling below 300 billion yuan. GoodWe, Ginlong Technologies, and other concept stocks also fell. Sungrow said during a conference call that its US business accounts for about 15 to 20 percent of revenue, but the impact of funding restrictions by individual EU banks is limited. Deye and GoodWe both stated that their US market revenue shares are only about 2 to 3 percent and within 1 percent respectively, and that the likelihood of the policy being implemented is low. Companies can mitigate risks through overseas production capacity. Industry insiders point out that Europe and the US will find it hard to shake off their reliance on Chinese inverters in the short term. Ninety percent of utility-scale inverters in the US rely on imports, and Chinese inverter companies hold close to 80 percent of the global market share. In 2025, exports reached 9.04 billion US dollars, of which exports to the US were only 290 million dollars. Currently, Sungrow, Ginlong, and others have set up production capacity in Southeast Asia, Europe, and other regions. Sungrow's factory in Poland and Deye's factory in Malaysia are both under construction.