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Ginlong Technologies Co., Ltd. (SZSE:300763) CEO Yiming Wang's Holdings Dropped 25% in Value as a Result of the Recent Pullback
Ginlong Technologies (300763.SZ): Ginlong Smart intends to transfer 100% equity of Zhenhai Jineng to Jing Energydeep
On October 11th, Ginlong Technologies (300763.SZ) announced that its wholly-owned subsidiary, Ningbo Ginlong Smart Energy Co., Ltd. (referred to as 'Ginlong Smart'), intends to transfer 100% equity of its wholly-owned subsidiary Ningbo Zhenhai Jineng Solar Energy Technology Co., Ltd. (the target company, referred to as 'Zhenhai Jineng') to Jing Energy Shenzhou (Suzhou) Energy Technology Co., Ltd. (referred to as 'Jing Energy Shenzhou') for a consideration of RMB 13.8059 million. After this transaction is completed, Zhenhai Jineng will no longer be included in the company's consolidated financial statements. The target company involves assets that have already been built.
Daiwa Securities Downgrades Ginlong Technologies to Underperform From Hold; Price Target Is 66 Yuan
Debang Securities: The export volume of domestic photovoltaic modules is increasing while prices are falling, and the production capacity of each link in the industry chain is still growing.
In the first half of 2024, overseas market demand remains strong, while domestic photovoltaic component exports show an increase in quantity and a decrease in price; the production capacity of various links in the industry chain still maintains a growth trend, and industry chain prices are gradually decreasing.
Investors Could Be Concerned With Ginlong Technologies' (SZSE:300763) Returns On Capital
CICC: The demand for power inverters is expected to recover after the September holiday, and the speed of increase in glass inventory days may slow down.
In the first half of the year, the performance of the power inverter sector was differentiated. Some manufacturers with a high proportion of shipments in the USA, Asia, Africa regions exceeded expectations, while leading companies in film, glass sectors showed steady performance with significantly higher profit capabilities than second-tier manufacturers.
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