Gcl Energy Technology Co.,Ltd. released its 2025 interim report today, demonstrating robust growth in both revenue and profitability. The company achieved operating revenue of 54.22 billion yuan in the first half, representing a 15.29% year-over-year increase. Net profit attributable to shareholders reached 5.19 billion yuan, up 26.42% compared to the same period last year, while adjusted net profit attributable to shareholders totaled 4.64 billion yuan, marking a significant 67.91% year-over-year growth.
The report highlighted the company's innovative artificial intelligence energy application models. Gcl Energy Technology has developed intelligent agent model algorithm libraries based on meteorological data, equipment operation data, electricity price data, policy data, and user load data. These include industrial load models, distributed energy load forecasting models, energy scheduling models, revenue models, and algorithm evaluation models, providing precise services for AI-powered virtual power plant operations.
The company continues its rolling development of distributed photovoltaic projects while expanding energy trading services including virtual power plants, electricity sales, green electricity, and green certificates. This strategic focus has resulted in substantial year-over-year increases in energy services revenue and profit. Additionally, the company's existing wind power and combined heat and power plants showed improved performance compared to the previous year.
As of June 30, 2025, Gcl Energy Technology operated a total grid-connected installed capacity of 6,479.19MW, with renewable energy installations accounting for 60.7% of total generation capacity. During the reporting period, the company managed electricity sales of approximately 15.6 billion kWh, facilitated green electricity transactions of 355 million kWh, and handled domestic and international green certificate transactions totaling 1.089 billion kWh.
Energy services generated 10.79 billion yuan in operating revenue during the first half of 2025, representing 19.90% of total operating revenue and marking a remarkable 378.81% increase from the same period last year. The company's virtual power plant business managed adjustable load capacity of approximately 690MW as of June 30, 2025, with platform-managed user scale exceeding 20GW. Notably, the company holds approximately 30% market share in Jiangsu Province's ancillary services market in terms of actual adjustable load capacity.
In June this year, Gcl Energy Technology partnered with Ant Digital Technology to establish a new joint venture called "Ant Xinneng," focusing on AI technology implementation across three core scenarios: intelligent power station operation and maintenance, power trading strategy optimization, and virtual power plant coordinated control.
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