On April 27, GCL Energy Technology Co., Ltd. released its 2025 annual report and its first-quarter report for 2026. According to the data, the company achieved an annual operating revenue of 10.326 billion yuan in 2025, with an adjusted net profit attributable to shareholders of the parent company of 329 million yuan, marking an 11.82% year-on-year increase. In the first quarter of 2026, the company reported an operating revenue of 2.306 billion yuan, with an adjusted net profit attributable to shareholders of the parent company reaching 253 million yuan, a rise of 31.01% compared to the same period last year. Regarding the profit distribution plan, the company proposed a cash dividend of 1.00 yuan per 10 shares (before tax) for all shareholders, with an estimated total cash dividend payout of 158 million yuan (before tax).
The annual report stated that in terms of energy assets, as of the end of 2025, GCL Energy Technology's total grid-connected operating installed capacity reached 6,106.56 MW, with renewable energy accounting for 58.63% of the capacity mix. This portfolio includes 2,150.03 MW of solar power, 817.85 MW of wind power, and 790.54 MW of energy storage, forming a high-quality, complementary multi-energy asset matrix. During the reporting period, the company managed electricity sales of approximately 47 billion kWh, facilitated green electricity transactions of 786 million kWh, and handled green certificate transactions corresponding to 2.003 billion kWh of electricity. Its virtual power plant business covers multiple regions including Jiangsu, Shanghai, and Zhejiang, with a dispatchable load capacity of 855 MW. The company holds approximately a 33% share in the ancillary services market in Jiangsu Province and manages a user base of over 28 GW through its platform, establishing a core competitive advantage in the energy services sector.
Notably, GCL Energy Technology is proactively positioning itself in the synergistic field of "Power + Computing." The company stated it is strategically upgrading to a new development model where "Energy Business and Computing Business" advance synergistically. While continuing to strengthen its foundational business of "Energy Assets + Energy Services," the company will concentrate its superior resources to fully develop its computing power business, with a deep focus on the core profit model of "Computing-Power Integration."
In the chapter outlining its 2026 operational work plan, GCL Energy Technology indicated it will formulate clear operational plans centered on four key directions: enhancing the quality of energy assets, expanding the volume of energy services, empowering through its technology platform, and implementing computing-power integration. The aim is to translate its strategic blueprint into tangible business results. Specifically, the company will use "Computing-Power Integration" as a strategic breakthrough to accelerate investments in intelligent computing and ecological partnerships. In 2026, the company plans to deepen strategic cooperation with leading AI firms and technology ecosystem partners. Leveraging its core capabilities in "direct green power supply + virtual power plant optimization" and the advanced technologies of its partners in high-end computing hardware, large model algorithms, and intelligent computing operations, the company will jointly promote the construction of AIDC intelligent computing nodes in key economic zones such as the Yangtze River Delta and the Pearl River Delta.
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