Ginlong Solis’ PV inverter sales set new records

Facebook
Twitter
LinkedIn
Reddit
Email
With the introduction of high-power string inverter models above 200kW, and the technological breakthrough of 1500V string inverters, means further market gains are expected, according to the company. Image: Ginlong Solis

PV inverter manufacturer Ginlong Solis has set new quarterly and half-year revenue figures as the company continues to expand its global footprint and string inverter product portfolio. 

Ginlong Solis reported operating income (revenue) of RMB 727.49 million (US$106.3 million) for the first half of 2020, a new record and a year-on-year increase of 76.63%. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Ginlong Solis reported operating income (revenue) of RMB 727.49 million (US$106.3 million) in the first half of 2020, a new record and a year-on-year increase of 76.63%.

Although COVID-19 had impacted first quarter operations and revenue, the company highlighted that both domestic and overseas sales continued to grow through the first half of the year compared to the prior year period. 

The company also noted that due to its expansion into further overseas markets, the impact from COVID-19 was limited in the first quarter of 2020 and enabled focus on markets less impacted by the pandemic in the second quarter to boost sales.

Increased sales and manufacturing capacity expansions, easing capacity constraints and improving economies of scale as string inverter popularity continued to gain market share. Ginlong Solis noted that the China Photovoltaic Industry Association had reported that the market share of string inverters in China PV deployments had reached 59.04%.

These factors supported a significant increase in net profit, which increased 281.87% in the reporting period to RMB 118.32 million (US$17.29 million), compared to the prior year period.

With the introduction of high-power string inverter models above 200kW, and the technological breakthrough of 1500V string inverters, means further market gains are expected, according to the company.

11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

February 7, 2025
Three investments into the US community solar sector paint a picture of a fast-growing sector being targeted by private asset managers.
February 6, 2025
The deal was signed with the Energize programme, a renewable energy purchasing vehicle for pharmeceutical companies.
February 6, 2025
Solar module prices in Europe have risen after months of decline, driven by price increases from Chinese manufacturers and a tight supply of popular modules in the European market.
February 6, 2025
Exports of both PV cells and module from China in 2024 reached new highs, according to recently released customs data.
February 6, 2025
Samsung C&T Renewable Energy Australia has submitted a 250MW solar-plus-BESS site in New South Wales to the Australian government’s EPBC Act.
February 6, 2025
Potentia Energy is set to acquire controlling stakes in a 1.2GW renewable energy generation and energy storage portfolio in Australia.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany