On August 12, GCL TECH rose 5.56% in regular trading, trading at HK$0.76/share, with turnover of HK$221 million.

On the news front, Galaxy Futures published a research report stating that polysilicon manufacturers maintain a resolute attitude toward price increases. The report noted that as polysilicon futures prices rise to manufacturers' full cost levels, hedging activity is expected to increase significantly. Meanwhile, on August 6, eight major domestic polysilicon enterprises jointly signed an anti-involution initiative, collectively representing over 90% of China's effective polysilicon production capacity. The initiative explicitly mandates that sales below full production cost must be immediately halted and corrected.

This follows the State Administration for Market Regulation's price compliance guidance session for the photovoltaic industry conducted on July 31, targeting long-standing irrational competition and pushing PV enterprises to shift from price competition to quality competition. The combined policy and industry self-regulation efforts continue to support the polysilicon market, with analysts noting the measures directly benefit polysilicon pricing by curbing irrational selling pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)