GCL Technology (HKG:3800) widened its attributable loss by 20% in the first half of 2025 to 1.78 billion yuan from 1.48 billion yuan in the year-ago period, an Aug. 29 filing with the Hong Kong bourse said.

Shares of the solar panel company were up nearly 1% in Monday afternoon trading.

Loss per share rose to 0.0635 yuan in the six months from 0.056 yuan in the corresponding period of the last year.

Revenue fell 35% to 5.73 billion yuan in the period from 8.86 billion yuan a year prior, mainly due to a lower average selling price of photovoltaic products in the solar material business.