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GCL-Poly Energy Holdings Ltd

GCL Technology Holdings Limited, together with its subsidiaries, manufactures and sells polysilicon and wafers products in the People's Republic of China and internationally. It operates through Solar Material Business and Solar Farm Business segments. The company manufactures and sells polysilicon and wafer products to companies operating in the solar industry; and operates and manages solar farms located in the United States and the People's Republic of China. It is also involved in the manufacture and sale of ingot; sale of electricity; trading of wafer; research and development, and sales of electronic special materials; construction and sale of solar farm projects; and provision of equity investment, investment management, and asset management, as well as business management, real estate development, and real estate consulting services. The company was formerly known as GCL-Poly Energy Holdings Limited and changed its name to GCL Technology Holdings Limited in April 2022. GCL Technology Holdings Limited was incorporated in 2006 and is headquartered in Suzhou, China.

Price · split & dividend adjusted
News & notes moving 3800.HK
Critical Materials & Supply Chain

Daqo New Energy Responds to Polysilicon Meeting and Price Hike Rumors: Unaware, Pricing Still Under Consideration

Daqo New Energy has responded to market rumors that polysilicon companies will hold a collective meeting tomorrow and that some manufacturers have raised their quotes, saying it is unaware of any meeting and that specific pricing is still under consideration. A reporter from Blue Whale News sought confirmation from Daqo New Energy, and the company said it is unaware of the situation. Another leading polysilicon company also said it had no knowledge. According to SMM, a domestic silicon material producer raised its quote from 37 to 38 yuan per kilogram to 40 yuan per kilogram. Daqo New Energy replied that its pricing references third-party agencies and the company is still evaluating. Previously, on August 6, eight polysilicon leaders including Tongwei Co., GCL Technology, and others signed an anti-involution initiative, pledging not to sell below industry costs. These companies together account for over 90 percent of effective domestic capacity. Analysts noted that the initiative is a form of industry self-discipline, and the extent of supply contraction and the turning point for silicon material prices still depend on subsequent quotes from leading companies and downstream acceptance.
蓝鲸财经·14dRead more ▾
Energy Transition & Power Demand2

Eight Leading Chinese Polysilicon Firms Jointly Sign Anti-Involution Pledge, Agree Not to Sell PV Products Below Cost

On the evening of August 6, eight major Chinese polysilicon companies jointly signed an anti-involution pledge in Shanghai, committing that all photovoltaic product sales prices shall not fall below the corresponding costs calculated according to group standards. The participating companies together account for over 90 percent of China's effective polysilicon production capacity, including four listed firms—Tongwei Co., GCL Technology, Daqo New Energy, and Xinte Energy—as well as Asia Silicon Qinghai Co., Xinjiang East Hope New Energy Co., Qinghai Lihao Clean Energy Co., and Xinjiang Goens Energy Technology Co. The companies made clear that sales below full cost must be immediately stopped and corrected, and they will voluntarily accept supervision and inspection by market regulatory authorities at all levels, while strengthening mutual oversight and promptly reporting any violations to industry associations and the State Administration for Market Regulation. In addition, the companies pledged to strictly implement new energy consumption standards and proactively phase out high-energy-consuming outdated capacity.
央广财经·20dRead more ▾