GCL Technology Secures Supply Deal From PV Firm LONGi; Shares Down 3%

GCL Technology Holdings (HKG:3800) has secured a long-term supply deal with photovoltaic firm LONGi Green Energy Technology (SHA:601012), according to a Hong Kong stock exchange filing on April 3. GCL

MT NewswiresApr 12 01:09 ET

[Broker Focus] Minsheng Securities first gave GCL Technology (03800) “Recommended” rating indicates that perovskite is expected to provide additional volume after industrialization

Jinwu Financial News | According to Minsheng Securities Research Report, GCL Technology (03800) achieved revenue of 33.7 billion yuan for the full year of 2023, -8.3% year-on-year, and achieved net profit of 2,510 billion yuan, or -84.34% year-on-year. Overall, the company's revenue declined to a certain extent compared to 2022, mainly due to the decline in polysilicon and silicon wafer prices during the reporting period, and the industry as a whole faced downward pressure. In terms of quality, the company maintains an industry-leading position in controlling metal impurity levels. In terms of production capacity, the company's granular silicon production capacity will reach 420,000 tons per year in 2023, and will increase to 500,000 tons in 2024. Naru

金吾財訊Apr 10 03:48 ET

Hong Kong Stock Announcement Nuggets | China Overseas Development: The cumulative contract property sales of China's overseas affiliates in the first three months were about RMB 60.206 billion, down 28% year on year

China Overseas Development (00688): The cumulative contract property sales volume of China's overseas affiliated companies in the first three months was about 60.206 billion yuan, down 28% year on year; Vanke Enterprise (02202) achieved contract sales of 57.98 billion yuan in the first quarter, a decrease of 42.81% year on year

Zhitong FinanceApr 4 08:05 ET

GCL Technology (03800.HK): Longji Green Energy plans to purchase a total of about 425,000 tons of polysilicon material (granular silicon) from the company

Gelonghui, April 3, 丨 GCL Technology (03800.HK) announced that Jiangsu Zhongneng Silicon Technology Development Co., Ltd., an indirect wholly-owned subsidiary of the company, recently signed a long-term procurement contract with Longji Green Energy Technology Co., Ltd. (stock code: 601012) as the buyer to purchase polysilicon materials (granular silicon). According to the procurement contract, by the end of 2026, Jiangsu Zhongneng and/or its affiliates agreed to sell, while Longji Green Energy and/or its affiliates agreed to purchase a total of about 425,000 tons of polysilicon material (granular silicon). Specifically, (i) In 2024, the procurement will be consolidated

Gelonghui FinanceApr 3 06:53 ET

Zhongtai Securities: After the PV market stabilizes, perovskite is expected to be a catalyst to ignite the market

Based on commercial logic, perovskite laminated batteries are significantly improving efficiency and are the next stage route for crystalline silicon.

Zhitong FinanceMar 31 23:36 ET

New Energy Revitalizes China's Coal-mining Subsidence Areas

he former coal mining hub in North China's Shanxi province, which was once abandoned and shrouded in silence, is now buzzing with machines and workers bracing the cold winds.

China DailyMar 28 02:47 ET