GCL System Integration reports semi-annual revenue dip, net loss

GCL System Integration Technology reported total operating revenue of CNY 7,694,202,076.89 for the first half of 2025, a 5.16% decrease year-over-year. The company recorded a net loss attributable to shareholders of CNY 326,867,153.27, a substantial drop from the previous year’s profit. Despite the financial downturn, the company secured significant project wins, maintaining its position among the top three in major state-owned enterprise bidding projects and achieving a top-eight ranking in module shipments. Total assets as of June 30, 2025, were CNY 17,878,305,106.73, a 6.90% decrease from the end of last year.

Strategic initiatives include advanced technology adoption with N-type TOPCon modules and GPC technology, aiming for enhanced efficiency and cost reduction. GCLSI continues to expand its global market presence, focusing on emerging regions and product diversification tailored for various application scenarios. The company also announced an unaudited semi-annual report for 2025, confirming the financial results and detailing the use of raised funds for specific investment projects, including a temporary allocation of CNY 300,000,000 to supplement working capital.