GCL System Integration Technology Co Ltd

GCL Integration released its 2026 semi-annual report on the evening of August 28, showing that the company recorded a net loss attributable to shareholders of about 430 million yuan in the first half, compared with a loss of 327 million yuan in the same period last year. Meanwhile, the company achieved operating revenue of about 4.64 billion yuan in the first half.

GCL Integration disclosed its earnings forecast, expecting a net loss attributable to shareholders of 320 million to 450 million yuan for the first half of 2026, compared with a loss of 327 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 340 million to 460 million yuan, compared with a loss of 344 million yuan a year earlier. The company said the photovoltaic industry remains in a deep adjustment cycle, with domestic new installed capacity declining year-on-year, and supply-demand imbalances putting pressure on prices across the entire supply chain, leading to losses. The company has secured high-premium orders through its BC new technology transformation, increased the proportion of overseas business year-on-year, and strictly controlled costs to enhance its risk resilience.

GCL Integration has released its 2026 half-year performance forecast, projecting a net loss attributable to shareholders of the listed company of 320 million to 450 million yuan for the first half, roughly flat compared with a loss of 327 million yuan in the same period last year. The company said the photovoltaic industry remained in a deep adjustment cycle in the first half of 2026, with domestic newly installed PV capacity declining year on year. Periodic and structural supply-demand imbalances kept the entire industry chain under sustained price pressure, leading to the loss. During the reporting period, the company maintained a leading position in winning large-scale projects from central state-owned enterprises, while the share of overseas business increased year on year. It also secured high-premium orders through the adoption of new BC technology. The company is currently advancing strategic initiatives including the optimization of advanced BC production capacity, research and development of perovskite tandem cells, iteration of its carbon chain platform, and expansion in overseas markets. It is strictly controlling costs, maintaining reasonable capacity utilization, and optimizing its financial structure to enhance risk resilience and long-term competitiveness.