03800 GCL TECH
- 1.190
- +0.040+3.48%
GCL TECH News
China Drives Down Cost of Solar Power Development
China's large-scale development of solar power, coupled with continuous innovation and a complete industrial chain, is driving down production costs and making new energy products more affordable worldwide, experts said.
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
[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
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
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
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.
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.
GCL Technology (03800) spent approximately HK$238.267 million to repurchase 18.112 million shares
GCL Technology (03800) issued an announcement. On March 26, 2024, the company has made further purchases in accordance with the repurchase authorization...
Changes in Hong Kong stocks | PV stocks reversed the market, fully guarantee renewable energy electricity, and new acquisition regulations were implemented in April, and green power operators are expected to benefit
PV stocks reversed the market. As of press release, GCL Technology (03800) rose 7.97% to HK$1.49; Follett Glass (06865) rose 6.59% to HK$20.7; Rainbow New Energy (00438) rose 6.21% to HK$3.08; and GCL New Energy (00451) rose 4.17% to HK$0.375.
Most photovoltaic solar stocks rose, Follett Glass (06865) surged 6.85%. Last year, the total output value of China's photovoltaic industry exceeded 1.75 trillion yuan
Jinwu Financial News | Most photovoltaic solar energy stocks rose, with Follett Glass (06865) surging 6.85%, Xinyi Solar (00968) rising 5.12%, GCL Technology (03800) rising 4.35%, and Xinte Energy (01799) rising 0.71%. According to the news, according to People's Daily, we learned from the China Photovoltaic Industry Association that in 2023, the scale of China's photovoltaic industry continued to expand. Production in major manufacturing links such as polysilicon, silicon wafers, batteries, and modules all increased by more than 64% year on year, and the total output value of the industry exceeded 1.75 trillion yuan. In 2023, the scale of new PV installations reached 216.8
Changes in Hong Kong stocks | GCL Technology (03800) rose more than 4%. The company announced a three-year share repurchase or dividend payment plan totaling more than 2.5 billion yuan
GCL Technology (03800) rose more than 4%. As of press release, it had risen 4.35% to HK$1.44, with a turnover of HK$90.235,500.
[Broker Focus] BOC International slightly raises GCL Technology (03800) target price of 7%, optimistic about the cost advantage of granular silicon
Jinwu Financial News | According to BOC International Development Research Report, GCL Technology (03800) achieved net profit of 2.51 billion yuan (same below) last year, slightly higher than the median performance forecast of 2.45 billion yuan. After excluding the impact of confirmed losses of 3.9 billion yuan from the sale of rod-shaped silicon assets, net profit for the second half of the year was about 900 million yuan, down 84% from the previous month, mainly due to the sharp drop in polysilicon and silicon wafer prices. The bank believes that the cost of the company's granular silicon is the lowest in the industry. Since last year, electricity prices in the country's main polysilicon production areas have risen markedly, and the cost advantage of granular silicon with lower electricity consumption has expanded. As quality improves, sales discounts on granular silicon compared to N-type rod-shaped silicon are also expected to be discounted
GCL Technology Holdings to Repurchase Shares
GCL Technology Holdings (HKG:3800) directors approved plans to repurchase and cancel shares for a consideration of up to 680 million yuan for the year ended Dec. 31, 2024, according to a Friday filing
Changes in Hong Kong stocks | GCL Technology (03800) rose more than 4%. The company approved a share repurchase cancellation or dividend payment plan
GCL Technology (03800) rose more than 4% and rose 4.65% at press time to HK$1.35, with a turnover of HK$76.46 million.
GCL Technology: Board Approved Plans for Share Buyback Worth Up to CNY2.5B
GCL Technology: Board Approved Plans for Share Buyback Worth Up to CNY2.5B
GCL Technology: Share Buyback to Be Conducted Over Three Years Starting 2024
GCL Technology: Share Buyback to Be Conducted Over Three Years Starting 2024
Gelonghui Announcements Selected (Hong Kong Stocks) | Fuyao Glass (03606.HK) Announces Annual Results: Net Profit Increased by 18.37% to RMB 5.629 billion, with an estimated capital requirement of RMB 41,016 billion for the full year of 2024
[Today's Focus] Fuyao Glass (03606.HK) announced annual results: net profit increased by 18.37% to 5.629 billion yuan, with an estimated capital requirement of 41,016 billion yuan for 2024 Fuyao Glass (03606.HK) announced annual results. For the year ended December 31, 2023, the company consolidated revenue of RMB 33.161 billion, an increase of 18.02% over the same period of the previous year; achieved profit before tax of RMB 6.715 billion, an increase of 20.38% over the same period of the previous year, and achieved an annual profit of RMB 20.38% over the same period last year 5.629 billion yuan, compared to the previous year
GCL Technology (03800.HK) will continue operating business revenue of about 33.7 billion yuan in 2023
Gelonghui, March 15, 丨 GCL Technology (03800.HK) announced that for the year ended December 31, 2023, the Group's revenue from continuing operations was approximately RMB 33.7 billion. The Group recorded profits attributable to company owners of approximately RMB 2.51 billion from continuing operations in 2023. Basic earnings per share from continuing operations were RMB 9.47 cents. The company's production capacity was completely transferred to granular silicon products during the year. Average production costs improved, and product sales increased. Thanks to the company's comprehensive advantages of granular silicon, the company was still able to maintain a relatively leading level of profit. On 2023/1
GCL Technology (03800) announced annual results, profit attributable to shareholders of 2.51 billion yuan
GCL Technology (03800) announced its annual results for the year ended December 31, 2023. The group reaped benefits, people...
GCL Technology (03800): Approves a share repurchase cancellation or dividend payment plan
GCL Technology (03800) issued an announcement. The board of directors of the company announced that it has approved a plan (share repurchase, cancellation or dividend...
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