GCL TECH (03800) announced that for the period from January 1, 2026, to March 31, 2026, the company's unaudited adjusted EBITDA for its photovoltaic materials business segment was approximately RMB 564 million. The average external tax-inclusive selling price for the company's granular silicon was about RMB 44.04 per kg, while its average production cash cost (including R&D, technological improvements, and system upgrades) was approximately RMB 25.37 per kg, maintaining an industry-leading standard. Although the photovoltaic industry was affected by seasonal factors and global holidays in the first quarter of 2026, the market began to recover in March. The company continued to improve its product quality and reduce costs, leading to a significant increase in its operating rate, which has returned to levels seen in previous corresponding periods. The future outlook appears promising.