Ginlong Technologies adjusts bond offer, reports Q3 revenue and profit growth

Ningbo Ginlong Technologies announced an adjustment to its convertible bond offering, reducing the proposed amount by 17.5 million yuan to 167.65838 million yuan, following a board resolution on July 18, 2025. This decision aligns with the company's financial planning, ensuring that the remaining funds are allocated to strategic projects in distributed photovoltaic power plants and high-voltage, high-power grid-connected inverters.

The company's Q3 2025 report shows positive financial performance, with an operating revenue of 1.86854 billion yuan, a 3.43% increase year-over-year, and a net profit attributable to shareholders of 263.3 million yuan, up by 29.39%. This growth is supported by expanding photovoltaic inverter and distributed photovoltaic power plant businesses, which contribute significantly to the overall revenue.

The convertible bond offering includes an initial turn price of 89.82 yuan per share and a coupon rate ranging from 0.20% to 2.00% over six years, with an end redemption price of 110.00 yuan. The offering is open to existing shareholders for priority placement, with any remaining shares to be issued to public investors online.