GCL New Energy Holdings Limited
SMTLD
Other OTC0.17
USD
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- -
Return %
Stock
S&P500
1Y
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26.53
3Y
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76.60
5Y
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80.11
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.- CEO
- Gongshan Zhu
- Full Time Employees
- 1,075
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- International Commerce Centre Kowloon Hong Kong
- IPO Date
- Aug 19, 2019
- Website
- gclnewenergy.com
- Similar Companies
- Business
- GCL New Energy Holdings Limited operates primarily in the renewable energy sector, focusing on the development, construction, operation, and management of solar power plants. The company offers a comprehensive range of products and services including centralized and distributed photovoltaic (PV) power plants, solar power generation, energy storage technology, and electricity sales. It also engages in the sale of liquefied natural gas (LNG). GCL New Energy maintains a robust operational management portfolio with long-term service agreements involving subsidiaries such as Suzhou GCL Technology and GCL Solar Energy, emphasizing its role in solar energy services, asset management, and operational excellence. The company operates extensively across China and has strategic regional subsidiaries and representative offices in North America, Japan, and Africa. Founded in 1982 and headquartered in Kowloon, Hong Kong, GCL New Energy is part of the larger GCL Group. The company was listed on the Hong Kong Stock Exchange in 2014 and changed its name from Same Time Holdings Limited to GCL New Energy Holdings Limited in May of that year. It manages a significant portfolio of solar power plants worldwide, having operated over 200 plants globally with a total installed capacity that reached approximately 7,309 MW by the end of 2018. Recent major changes include the strategic acquisition of a 48% stake in GCL Petroleum and Natural Gas Co. Ltd. from Jiangsu GCL Energy Ltd., with a transaction value of approximately CNY 325 million finalized in early 2025. This acquisition marks a significant expansion into the petroleum and natural gas sector alongside its renewable energy activities. Additionally, the company has continued to extend its service agreements through 2025 to reinforce its operational management role in subsidiary companies. In late 2024, GCL New Energy divested eight PV solar power plants in the US with an installed capacity of roughly 83 MW to Wilson Solar, aligning with its strategic goal to transition toward an asset-light model that enhances liquidity and optimizes resource allocation for further development in photovoltaic and clean energy sectors. Further, the company received a strategic investment in one of its publishing subsidiaries, 4Divinity, which secured $3 million from ADATA Technology, reflecting diversification into related business segments. Overall, GCL New Energy Holdings Limited positions itself as a comprehensive new energy developer emphasizing sustainable green energy solutions and full life-cycle management of photovoltaic power plants, backed by innovative technology application and big data analytics for project and operations efficiency across multiple international markets.