GCL Technology (03800) announced interim results, revenue of 5.777 billion yuan, up 0.7% year-on-year

According to the Zhitong Finance App, GCL Technology (03800) announced interim results for the six months ended June 30, 2026. The group obtained revenue of RMB 5.777 billion (same unit), an increase of 0.7%; R&D expenses of 369 million yuan, an increase of 4.46%; a loss of 2,081 billion yuan during the period due to the owners of the company; and a basic loss of 6.37 points per share.

As of June 30, 2026, the Group's granular silicon production capacity was 480,000 metric tons. In the first half of 2026, the average external sales price of granular silicon (excluding tax) was about 31.97 yuan per kilogram. In the first half of 2026, the average production cash cost of granular silicon (excluding tax) was 25.23 yuan per kilogram, ranking among the highest in the industry.

In the first half of 2026, the Group's market share in the polysilicon market in terms of output was 23.12%, and the market share in the polysilicon market is estimated to rank first in terms of external sales volume, reaching a record high. The top five granular silicon customers accounted for 34%, 26%, 12%, 6%, and 5% of shipments in the first half of 2026, respectively. The customer structure is stable.