GCL Technology's solar materials business swings to profit in Q3 2025

GCL Technology Holdings Limited reported a preliminary unaudited profit of 960 million yuan for its solar material business segment during the period from July 1 to September 30, 2025. This marks a significant turnaround from an unaudited loss of approximately 1.81 billion yuan during the same period last year. The profit included disposal gains after tax of approximately 640 million yuan from the disposal of an associate. The company's adjusted EBITDA for the segment reached approximately 1.41 billion yuan, reversing an adjusted LBITDA of 571 million yuan in the corresponding period last year.

The company continues to leverage advanced silane fluidized bed reactor technology, maintaining a leadership position in energy efficiency within the polysilicon industry. Granular silicon's average external selling price in Q3 2025 was 42.12 yuan/KG, with an average production cash cost of 24.16 yuan/KG.

GCL Technology remains focused on driving the polysilicon industry out of cut-throat competition by strengthening collaborations across the industrial chain and adopting a production-based-on-sales strategy with low inventory. Shareholders and potential investors are cautioned that the information is based on preliminary unaudited accounts and should not be unduly relied upon for forecasting the full year 2025 financial performance.