On June 23, GCL Technology fell 5.71% in regular trading, trading at HK$0.67/share, with turnover of HK$130 million. The stock continues to press toward new 52-week lows amid persistent industry headwinds.

On the news front, the polysilicon industry price war continues to deepen, with rod-shaped silicon prices showing no signs of bottoming. Industry operating capacity has rebounded from a trough of 962,000 tons to 1,068,000 tons, intensifying supply-side pressure. Although Executive Director Lan Tianshi purchased 5 million shares on June 18 at an average price of HK$0.71, and the company executed a HK$60.47 million buyback of 86.788 million shares on June 22, weak industry fundamentals continue to dominate market sentiment. The broader sector remains under significant pressure, with Xinyi Solar down 8.85%, Flat Glass down 7.24%, ASMPT down 5.93%, and SICC down 4.51%.

(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.)