GCL System Integration Technology Co. Ltd. Class A

GCL System Integration Technology Co. Ltd. Class A

SSZSE:002506
2.31
CNY
+0.05
(+2.21%)
-0.20EPS
18.60BMarket Cap
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
0.23
1.07
2.46
2.23
3.03
2.23
1.72
1.17
0.8
1.41
2.73
2.85
2.62
2.21
Basic EPS, GAAP
-1.83
1.07
0.25
- -
0.01
0.01
0.01
-0.52
-0.34
0.01
0.03
0.01
-0.2
-0.2
Free Cash Flow per Basic Share
0.03
-0.49
-0.44
-0.91
-0.09
0.6
0.06
0.13
-0.11
-0.04
-0.11
0.01
0.2
- -
Dividend per Share
0.02
0.07
0.04
0.07
0.11
0.06
0.04
0.03
0.03
0.02
0.02
0.01
0.03
0.02
Book Value per Share
-1.72
0.13
0.71
0.83
0.83
0.84
0.86
0.84
0.39
0.39
0.41
0.41
0.19
0.12
Tangible Book Value per Share
-1.76
0.11
0.59
0.7
0.7
0.71
0.74
0.79
0.35
0.36
0.39
0.38
0.16
0.09
Basic Weighted Avg Shares
2,517
2,518
2,554
5,382
4,771
5,013
5,051
5,084
5,849
5,919
5,841
5,691
5,860
5,813
Sales/Revenue/Turnover
584
2,699
6,284
12,027
14,447
11,191
8,684
5,957
4,701
8,354
15,968
16,240
15,343
12,829
Operating Margin (%)
-54.49
4.07
9.19
5.19
4.91
4
0.92
-2.98
-6.67
-0.91
3.02
2.22
-4.71
-5.93
Depreciation Expense
183
103
21
91
163
220
298
393
314
170
251
522
639
- -
Net Income, GAAP
-4,606
2,694
639
-27
24
45
56
-2,638
-1,983
65
158
68
-1,166
-1,170
Effective Tax Rate (%)
- -
- -
- -
190.58
57.14
3.45
54.36
- -
- -
23.02
- -
26.16
- -
- -
Profit Margin (%)
-788.03
99.82
10.16
-0.22
0.17
0.4
0.64
-44.29
-42.18
0.78
0.99
0.42
-7.6
-9.12
Working Capital
-4,119
27
3,256
4,099
2,715
-1,238
-2,140
-408
-1,074
-925
-959
-1,684
-3,345
-2,994
LT Debt
1,778
- -
540
1,307
686
314
13
100
161
262
1,351
1,383
1,377
1,475
Total Equity
-4,519
324
3,583
4,184
4,203
4,279
4,442
4,316
2,352
2,266
2,423
2,383
1,130
698
Return on Invested Capital (%)
- -
- -
- -
0.22
-0.13
0.83
0.65
- -
- -
2.01
- -
0.97
- -
- -
Return on Capital (%)
- -
- -
- -
-5.55
2.39
5.03
2.31
- -
- -
4.74
- -
4.28
- -
- -
Return on Common Equity (%)
- -
- -
32.72
-0.69
0.57
1.07
1.29
-61.07
-60.91
2.88
6.72
2.84
-66.4
-82.56

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,110
3,610
2,995
LT Borrowings
60
226
130
LT Finance Leases
1,317
1,329
1,346
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,850
5,850
5,850
Market Capitalization
16,381
27,789
18,604

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,732
8,507
7,935
Cash, Cash Equivalents & STI
5,153
4,202
3,351
Accounts Receivable, Net
2,152
1,941
2,210
Inventories
1,025
1,483
1,469
Total Current Liabilities
13,077
11,917
10,929
Payables & Accruals
- -
- -
- -
ST Debt
4,110
3,610
2,995
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-7.65%
-19.3%
-52.6%
Free Cash Flow
158.62%
419.58%
2,270.32%
Net Income, GAAP
-687.98%
-370%
-1,807.43%
Sales/Revenue/Turnover
17.91%
28.79%
-5.52%
Total Cash Common Dividend
35.15%
28.45%
212.78%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,947
5,166
3,877
4,250
16,240
2025
3,155
4,539
- -
3,651
15,343
2026
1,933
2,707
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
- -
0.01
2025
-0.03
-0.02
- -
-0.11
-0.2
2026
-0.03
-0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
-0.02
0.01
2025
0.01
0.01
- -
- -
0.03
2026
- -
- -
- -
- -
- -

Company Description

CEO
Wei Peng Jiang
Full Time Employees
4,761
Sector
Electronic technology
Industry
Semiconductors
Address
Suzhou Industrial Park Suzhou JS China 215125
IPO Date
Nov 18, 2010
Website
gclsi.com
Business
GCL System Integration Technology Co., Ltd. (002506.SZ) manufactures and sells high-efficiency photovoltaic modules, energy storage systems, and integrated energy solutions principally in China and internationally. The company offers a range of core products including N-type TOPCon solar modules with capacities up to 30 GW annually, TOPCon solar cells at 16 GW production scale, utility-scale energy storage systems (ESS), home energy management systems (HEMS), BIPV products, PV modules, battery components, power stations, EPC services for solar plants up to 4 GW cumulative capacity, O&M services, BOS packages, and remote site solar solutions such as Solarcube containerized systems; it also provides green energy system integration, energy engineering, and carbon chain traceability innovations. Founded in 2003 and headquartered in Suzhou Industrial Park, Jiangsu Province, China, GCL System Integration Technology operates globally across continents with offices in Japan, the United States, and emerging markets, serving utility-scale projects, state-owned enterprises, residential, commercial, and industrial customers as part of the larger GCL Group focused on green low-carbon technologies. Recent developments include a strategic partnership with GPSC in November 2025 to advance clean energy in Thailand, achievement of TÜV Rheinland ISO 14067 carbon footprint declaration and EcoVadis Silver Medal certification in 2025 ranking in the global top 15% for ESG practices, joining the TianGong Initiative as the first solar PV company for supply chain carbon transparency in June 2025, shipment of 21.41 GW modules in 2024 boosting revenues to RMB 16.24 billion with 188% overseas sales growth, Q1 2025 operating income up 7% to RMB 3.16 billion amid industry challenges, and breakthroughs in mass-produced TOPCon modules and agrivoltaic projects in Germany.