GCL Energy Technology forecasts 20-35% profit growth

GCL Energy Technology anticipates net profit attributable to shareholders of 493m to 555m yuan in the first half of 2025, representing a year-on-year increase of 20% to 35%.

Excluding non-recurring items, projected net profit of 430m to 500m yuan marks a substantial 56% to 81% increase from the prior year.

The company attributes growth primarily to increased revenue from its energy services business and improved performance from existing wind power and gas turbine thermal power plants.