GCL TECH (03800) announced its annual results for the period ended December 31, 2025. The group reported revenue of RMB 14.43 billion and a gross profit of RMB 1.34 billion, achieving a turnaround to profitability compared to the previous year.
In the photovoltaic silicon materials sector, GCL TECH has made significant progress with its high-purity, low-carbon granular silicon production technology. Over 95% of its granular silicon products now have total metal impurity content for five key elements at or below 0.5 ppbw, making them ideally suited for high-efficiency N-type photovoltaic cells. The company received a lifecycle assessment verification statement from the British Standards Institution (BSI), confirming that the carbon footprint of its granular silicon products from cradle-to-gate is only 14.2756 kg CO2 e/kg, setting a new record for low-carbon production in silicon-based materials.
Amidst widespread industry pressure, granular silicon has become the preferred choice for leading customers due to its advantages of low carbon emissions, low cost, and high quality. It serves as GCL TECH's core business for weathering industry cycles and stabilizing cash flow, providing solid support for the company's transformation.
In June 2025, the world's first gigawatt-level perovskite industrial base commenced operations in Kunshan, marking the technology's full transition from the laboratory to commercialization. In October 2025, the company established the world's first 500MW tandem module production line. The mass production efficiency of its full-size 2.76㎡ modules has steadily surpassed 27%, securing a leading position for the world's largest mass-produced commercial product.
With testing standards three times stricter than conventional requirements and the world's first dual IEC standard certification, the group has solidified its quality foundation, fully overcoming the final hurdles for commercial application.
More notably, GCL's perovskite technology has embarked on a "Journey to the Skies." Utilizing the Zhuque-2 Y3 carrier rocket, the group successfully completed the world's first in-orbit space test, demonstrating exceptional stability under extreme cosmic conditions. Building on this milestone, the group has formally initiated its "Three-Step Space Strategy": deepening deep-space endurance testing in 2026, achieving mass production of space-specific modules from 2027 to 2028, and aiming to become a standard power source for Chinese spacecraft.
From green power on Earth to energy in deep space, GCL is leveraging disruptive technology to propel clean energy toward the stars and beyond.
Comments