On June 5, GCL Technology fell 5.26% in regular trading, trading at HK$0.72/share, with trading volume of HK$255 million. The stock hit a fresh 52-week low as strategic transformation announcements continued to unsettle investors.
On the news front, GCL Technology co-CEO Lan Tianshi stated at the SNEC 2026 conference that the company will undergo a deep strategic transformation, targeting photovoltaic product revenue to fall below 20% of total revenue within three years. Lithium iron phosphate (LFP) will become the company's primary product going forward. With current silicon material priced at RMB 40,000/ton and annual shipments of 200,000 tons generating approximately RMB 8 billion in revenue, the company projects that LFP capacity of 300,000 tons at RMB 70,000/ton could generate approximately RMB 21 billion annually. Earlier, GCL Group Chairman Zhu Gongshan also stated that the concept of standalone PV manufacturing companies may disappear. The company reported EPS of -0.096 yuan, with cumulative stock decline exceeding 30% over the past three months amid persistent overcapacity in the silicon materials sector.
(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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