On August 3, GCL TECH rose 5.74% in regular trading, trading at HKD 0.645/share, with turnover of approximately HKD 61.35 million. The stock gained alongside broad solar sector strength, with peer Xinyi Solar rising over 6% on the same session.
On the news front, the company has been executing an aggressive share buyback program since receiving shareholder authorization on May 29. Throughout July, GCL TECH conducted multiple on-market repurchases — including 150 million shares on July 8 for HKD 96.4 million, 40 million shares on July 13, and 34 million shares on July 14 — accumulating over 1.058 billion shares repurchased, representing approximately 3.19% of total authorized buyback volume. Executive directors Lan Tianshi and Yang Wenzhong also increased their personal holdings in June, signaling management confidence.
At the industry level, a mandatory national standard on crystalline silicon PV module energy efficiency is entering final approval stages, which combined with perovskite tandem cell technology breakthroughs, is expected to improve sector supply-demand dynamics by eliminating inefficient capacity. Western Securities recently issued an Overweight rating, forecasting net profits of RMB 571 million and RMB 1.662 billion for the following two fiscal years.
(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.)
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