As of the market close on March 24, Jinlang Technology’s stock was priced at 53.12 yuan, reflecting a 1.65% decrease from the previous trading day. The stock opened at 54.27 yuan, with an intraday fluctuation of 4.91%. The trading volume reached 169,800 lots, resulting in a total transaction amount of 896 million yuan. The company’s total market capitalization stands at 21.213 billion yuan.
According to the latest financial data, Jinlang Technology has a price-to-earnings (P/E) ratio of 23.79 and a price-to-book (P/B) ratio of 2.54. Public records indicate that on March 21, the company’s board of directors approved a proposal for the transfer of equity of its wholly-owned subsidiary. This subsidiary intends to transfer all its shares in Suzhou Shiyuansi Power New Energy Co., Ltd. for a total consideration of 6.5095 million yuan. After the transaction, this entity will no longer be included in the consolidated financial statements.
Additionally, on March 21, a significant block trade occurred for this stock, amounting to 19.9837 million yuan, with the transaction price matching 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, and businesses may be affected by fluctuations in raw material prices. Investors should be aware of price volatility risks in the secondary market and approach market changes with rationality.
