GCL Technology Holdings Reports 35.3% Drop in Revenue and 20% Increase in Net Loss for H1 2025; EPS Falls to RMB(6.35) Cents
GCL Technology Holdings Ltd. has announced its unaudited interim results for the six-month period ended June 30, 2025. The company reported a significant decrease in revenue, which fell by 35.3% to RMB 5.73 billion compared to RMB 8.86 billion in the same period of 2024. The gross loss for the period increased by 26.7%, amounting to RMB 700.2 million, up from RMB 552.6 million in the previous year. The loss attributable to owners of the company rose by 20.0% to RMB 1.78 billion from RMB 1.48 billion. The results reflect the company's ongoing challenges in its primary segment, the solar material business, which involves the manufacturing and sales of polysilicon and wafer products. The company has not provided any specific guidance or outlook for the future.
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