GCL Technology reports positive solar material segment update

GCL Technology Holdings Limited (HKEX: 3800) announced a voluntary update on its solar material business segment. Based on preliminary unaudited management accounts, the company reported EBITDA of approximately RMB0.505 billion for the period from January 1, 2025, to March 31, 2025. The company stated that its production of granular silicon and wafers has aligned with self-regulatory guidelines, supporting stable market prices in the photovoltaic industry chain. During this period, the average external selling price of the company's granular silicon was approximately RMB36.15 per kilogram, with an average production cash cost of approximately RMB27.07 per kilogram. In a related announcement, GCL Technology reported its authorized and registered share capital as of March 31, 2025, comprised of 50,000,000,000 ordinary shares with a par value of HKD 0.1 each, totaling HKD 5,000,000,000. The number of issued shares, excluding treasury shares, remains at 28,480,818,973. Additionally, 100,717 share options lapsed, leaving 34,855,937 options outstanding under the share option scheme adopted on October 22, 2007. The company cautions that the provided information should not be the sole basis for forecasting financial performance and advises exercising caution when dealing in company shares.