GCL Technology Holdings Limited

GCL Technology Holdings Limited

0.07
EUR
+0.00
(+1.20%)
3.93BMarket Cap
Apr 01Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.28
1.38
1.31
1.2
1.29
1.09
1.02
0.73
0.69
1.34
1.27
0.57
0.5
- -
Basic EPS, GAAP
-0.03
0.1
0.16
0.11
0.11
-0.04
-0.01
-0.28
0.21
0.6
0.09
-0.18
-0.1
- -
Free Cash Flow per Basic Share
0.4
0.41
0.14
0.35
-0.45
0.34
-0.08
-0.03
-0.17
-0.3
-0.61
-0.29
-0.18
- -
Dividend per Share
- -
- -
0.07
- -
- -
- -
- -
- -
- -
- -
0.05
- -
- -
- -
Book Value per Share
0.81
0.93
1.02
1.12
1.22
1.19
1.12
0.78
1.07
1.57
1.61
1.41
1.22
1.22
Tangible Book Value per Share
0.77
0.89
1.01
1.1
1.17
1.15
1.11
0.77
1.06
1.57
1.61
1.4
1.22
1.22
Basic Weighted Avg Shares
15,612
15,619
15,622
18,393
18,454
18,823
18,823
20,197
24,580
26,726
26,514
26,440
28,802
29,120
Sales/Revenue/Turnover
19,949
21,523
20,484
22,025
23,794
20,565
19,250
14,671
16,868
35,930
33,700
15,098
14,425
- -
Operating Margin (%)
6.37
16.94
21.8
24.83
23.05
14.02
11.13
11.11
21.3
41.14
23.79
-33.8
-5.81
- -
Depreciation Expense
2,646
2,995
3,298
3,552
3,812
4,289
4,630
3,695
2,357
2,193
3,349
4,017
4,112
- -
Net Income, GAAP
-519
1,549
2,425
2,029
1,974
-693
-197
-5,668
5,084
16,030
2,510
-4,750
-2,868
- -
Effective Tax Rate (%)
- -
16.46
17.45
18.89
21.91
- -
65.11
- -
9.41
10.27
22.66
- -
- -
- -
Profit Margin (%)
-2.6
7.2
11.84
9.21
8.3
-3.37
-1.02
-38.63
30.14
44.61
7.45
-31.46
-19.88
- -
Working Capital
-10,997
-10,857
-7,989
-7,288
-12,313
-23,058
-21,906
-17,168
5,598
3,252
12,552
3,714
5,714
5,714
LT Debt
11,369
14,826
20,310
28,399
35,614
34,657
26,699
14,831
6,676
3,853
10,027
8,405
6,097
6,097
Total Equity
14,156
16,845
17,559
23,394
27,308
26,833
26,721
20,391
32,302
45,555
48,318
42,293
43,416
43,416
Return on Invested Capital (%)
- -
8.2
6.96
7.3
5.39
- -
1.53
- -
6.09
24.49
5.12
- -
- -
- -
Return on Capital (%)
- -
6.46
6.93
5.62
4.72
- -
1.02
- -
10.7
32.33
3.28
- -
- -
- -
Return on Common Equity (%)
-4.03
11.39
15.97
11.07
9.06
-3.11
-0.89
-29.19
22.29
44.71
5.89
-11.91
-7.44
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
10,691
11,303
12,406
LT Borrowings
8,353
6,328
6,047
LT Finance Leases
52
49
51
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26,436
27,966
32,702
Market Capitalization
28,864
27,458
32,255

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
26,145
23,970
30,269
Cash, Cash Equivalents & STI
6,999
5,989
10,367
Accounts Receivable, Net
1,251
1,220
1,324
Inventories
2,014
1,976
1,897
Total Current Liabilities
22,431
21,956
24,554
Payables & Accruals
- -
- -
- -
ST Debt
10,691
11,303
12,406
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.98%
19.14%
2.66%
Free Cash Flow
31.71%
146.05%
-32.9%
Net Income, GAAP
216.07%
-77.52%
-39.63%
Sales/Revenue/Turnover
3.39%
12.42%
-4.46%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
33,700
2024
- -
- -
15,098
2025
- -
- -
14,425

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.09
2024
- -
- -
-0.18
2025
- -
- -
-0.1

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.05
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Gongshan Zhu
Full Time Employees
8,120
Sector
Process industries
Industry
Industrial specialties
Address
GCL Energy Center Hong Kong Hong Kong
IPO Date
Nov 13, 2007
Business
GCL Technology Holdings Limited is a leading global manufacturer of solar materials and provider of photovoltaic solutions headquartered in Suzhou, China, with branch offices and research and development centers in Hong Kong, Xuzhou, Leshan, Baotou, and Ningxia. Founded in 2006 and listed on the Hong Kong Stock Exchange since November 2007 (Ticker: 3800.HK), the company primarily manufactures and sells polysilicon, granular silicon using its proprietary Fluidized Bed Reactor (FBR) technology, silicon wafers, and other photovoltaic raw materials, serving downstream solar manufacturers worldwide. GCL operates across two main business segments: solar material production and solar farm operations, managing solar farms in China and the United States. The company also engages in the manufacturing and sale of ingots, wafer trading, electronic special materials R&D and sales, solar farm project development, and equity investment, asset management, business management, and real estate consulting services. Recent strategic developments include a complete withdrawal from Siemens process polysilicon investments and a sharpened focus on scaling up FBR granular silicon production, which offers significant advantages in production cost, energy consumption, and carbon emissions—an industry-leading cash cost record was achieved in late 2024. GCL has secured long-term procurement contracts totaling approximately 1.7 million tonnes of granular silicon and targets an expansion of polysilicon production capacity to at least 300,000 tonnes by the end of 2025. In 2025, the company signed a new framework agreement for connected transactions involving subsidiaries such as Konca Solar and Inner Mongolia Zhonghuan to support operational continuity under Hong Kong Listing Rules. Furthermore, GCL spearheaded the launch of the industry's first photovoltaic carbon chain in partnership with Ant Digital and TÜV Rheinland, utilizing blockchain technology to enhance supply chain transparency and carbon footprint management for photovoltaic products. The company is expanding its global footprint through strategic partnerships, new lease agreements to optimize operations, investments in digital and green technologies, and ongoing enhancements in production automation and capacity. GCL Technology is recognized for pioneering advanced solar technology innovation and sustainability, having been included in key indexes like the Hang Seng Composite and HSML 100, and listed on the Forbes Global 2000 since 2012, emphasizing its influence in the renewable energy sector on a global scale. The company is actively advancing next-generation polysilicon and new energy materials under its long-term strategy, "technology GCL, digital GCL, and green GCL," aligning with China’s energy transition and international decarbonization goals. The company’s operations span major regions including China, Southeast Asia, Europe, North America, and Africa. It continues to invest in expanding solar farm capacity and enhancing supply chain and production efficiencies, underscored by recent strategic investments and funding rounds aimed at accelerating sustainable growth and technology leadership.