From pv magazine Global | via the Chinese PV Industry Brief
GCL Technology Holdings Limited recorded CNY 20.945 billion ($446 million) of revenue in the first half of 2023, from CNY 14.775 billion in the same period last year, according to its unaudited results. It attributed the increase in sales to its solar materials division, as well as its growing granular silicon business. Its net profit attributable to shareholders stood at CNY 5.518 billion in the January-June period, down from CNY 7.062 billion in the first six months of 2022. The group said its production costs for granular silicon at its Leshan GCL site were approximately CNY 35.68/kg, which it claims is lower than the industry average.
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