As of the market close on March 24, Jinlang Technology’s stock was priced at 53.12 yuan, reflecting a decrease of 1.65% from the previous trading day. The stock opened at 54.27 yuan and experienced a trading range of 4.91% during the day. The trading volume reached 169,800 lots, resulting in a total transaction value of 896 million yuan, with a total market capitalization of 21.213 billion yuan.
According to the latest financial data, the company’s price-to-earnings (P/E) ratio stands at 23.79 times, and the price-to-book (P/B) ratio is 2.54 times. Public announcements indicate that on March 21, the company held a board meeting where it approved a proposal for the transfer of equity in its wholly-owned subsidiary. This subsidiary intends to transfer its entire stake in Suzhou Shiyuansi Power New Energy Co., Ltd. for a consideration of 6.5095 million yuan. Upon completion of this transaction, the target company will no longer be included in the consolidated financial statements.
Additionally, on March 21, a significant block trade occurred involving a transaction value of 19.9837 million yuan, at a price equal to the closing price of that day. It is important to note that the photovoltaic industry faces risks such as technological iterations and intensified market competition, which may affect the operational performance of companies due to fluctuations in raw material prices. Investors should approach secondary market trading with caution, considering potential price volatility.
