GCL Tech posts RMB564 million adjusted EBITDA from solar material segment in Q1 2026; granular silicon priced at RMB44.04/kg

Bulletin Express04-21

GCL Technology Holdings Limited (GCL Tech) released unaudited operating data for its solar material business covering 1 January – 31 March 2026.

During the period, the segment generated adjusted EBITDA of approximately RMB564.00 million. Average external selling price for granular silicon was reported at RMB44.04 per kilogram, while average production cash cost, inclusive of R&D, technology upgrades and system improvements, stood at RMB25.37 per kilogram.

Management noted that the broader photovoltaic sector experienced seasonal and holiday-related softness early in the quarter. By March, market conditions improved, enabling GCL Tech to ramp up production utilisation back to levels seen in the prior-year period by continuing quality enhancements and cost reductions.

All figures are based on preliminary, unaudited management accounts and have not been reviewed by the company’s audit committee or external auditors.

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