GCL Energy Technology shifts strategy, boosts H1 revenue and profit

GCL Energy Technology reported a 15.29% increase in semi-annual revenue to 5.42 billion yuan, with net profit attributable to shareholders rising 26.42% to 519.31 million yuan. This growth is primarily attributed to the expansion of distributed photovoltaic and energy storage businesses, as well as new energy and energy services. The company's strategic shift included terminating "new energy vehicle battery swapping station construction projects" and "new energy vehicle charging station construction projects" in March 2025, redirecting remaining funds towards new energy charging stations and distributed photovoltaic power stations.

Significant changes in the company's investment portfolio included a joint investment in Xinneng Energy Storage (Xiamen) Enterprise Management Partnership (Limited Partnership) in March 2025, with an initial capital contribution of 70 million yuan. Additionally, the company adjusted its 2024 annual profit distribution plan, approving a cash dividend of 1.00 yuan per 10 shares for a total of 158.15 million yuan.

The company's controlling shareholder, GCL Chuangzhan Holdings Co., Ltd., changed its name to Shanghai GCL Chuangzhan Enterprise Management Co., Ltd. in August 2025. This change does not affect equity or the company’s operations. GCL Energy Technology also finalized an equity transfer agreement with Zhejiang Jinzheng Asset Management Co., Ltd., involving 96.13 million shares, representing 5.92% of the company's total share capital.