GCL Technology Expects to Swing to Loss in Nine Months to September, Produces 27 GW Silicon Wafers

MT Newswires Live10-25

GCL Technology (HKG:3800) expects a loss attributable to owners of 2.97 billion yuan for the nine months ended Sept. 30, against an attributable profit of 2.51 billion yuan for the year ended Dec. 31, 2023, a Friday Hong Kong bourse filing said.

The company attributed the turn to loss to a substantial decline in the average selling prices of polysilicon and silicon wafer products during the reviewing period.

For the nine months that ended Sept. 30, the company produced 198,300 tons of granular silicon, its shipment weighed 207,300 tons, with the selling price coming in at 40.56 yuan/kilogram and production and R&D costs amounted to 35.43 yuan per kilogram.

The company produced 26.5 gigawatt of silicon wafers during the period including 6.1 gigawatt produced in the three months ended Sept. 30.

The energy, polysilicon, and electronic wafer producer's shares closed nearly 20% higher on Friday.

Price (HKD): $1.71, Change: $+0.28, Percent Change: +19.58%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2478889981?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-25 20:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2478889981","market":"sg","top_or_hot":-1,"title":"GCL Technology Expects to Swing to Loss in Nine Months to September, Produces 27 GW Silicon Wafers","media":"MT Newswires Live","content":"<html><body><p> GCL Technology (HKG:3800) expects a loss attributable to owners of 2.97 billion yuan for the nine months ended Sept. 30, against an attributable profit of 2.51 billion yuan for the year ended Dec. 31, 2023, a Friday Hong Kong bourse filing said.</p><p>The company attributed the turn to loss to a substantial decline in the average selling prices of polysilicon and silicon wafer products during the reviewing period.</p><p>For the nine months that ended Sept. 30, the company produced 198,300 tons of granular silicon, its shipment weighed 207,300 tons, with the selling price coming in at 40.56 yuan/kilogram and production and R&amp;D costs amounted to 35.43 yuan per kilogram.</p><p>The company produced 26.5 gigawatt of silicon wafers during the period including 6.1 gigawatt produced in the three months ended Sept. 30.</p><p>The energy, polysilicon, and electronic wafer producer's shares closed nearly 20% higher on Friday.</p><p>Price (HKD): $1.71, Change: $+0.28, Percent Change: +19.58%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GCL Technology Expects to Swing to Loss in Nine Months to September, Produces 27 GW Silicon Wafers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGCL Technology Expects to Swing to Loss in Nine Months to September, Produces 27 GW Silicon Wafers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-25 20:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GCL Technology (HKG:3800) expects a loss attributable to owners of 2.97 billion yuan for the nine months ended Sept. 30, against an attributable profit of 2.51 billion yuan for the year ended Dec. 31,...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2478889981","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478889981","pubTimestamp":1729858440,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"GCL Technology  expects a loss attributable to owners of 2.97 billion yuan for the nine months ended Sept. 30, against an attributable profit of 2.51 billion yuan for the year ended Dec. 31, 2023, a Friday Hong Kong bourse filing said.The company attributed the turn to loss to a substantial decline in the average selling prices of polysilicon and silicon wafer products during the reviewing period.For the nine months that ended Sept. 30, the company produced 198,300 tons of granular silicon, its shipment weighed 207,300 tons, with the selling price coming in at 40.56 yuan/kilogram and production and R&D costs amounted to 35.43 yuan per kilogram.The company produced 26.5 gigawatt of silicon wafers during the period including 6.1 gigawatt produced in the three months ended Sept. 30.The energy, polysilicon, and electronic wafer producer's shares closed nearly 20% higher on Friday.Price : $1.71, Change: $+0.28, Percent Change: +19.58%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","SG9999014674.SGD":"Nikko AM All China Equity A SGD","HKD":"尚乘数科","03800":"协鑫科技","BK1610":"ETF&股票定投概念","BK1169":"半导体设备","BK1594":"碳中和概念股","BK4588":"碎股","BK1554":"光伏太阳能股","BK4585":"ETF&股票定投概念","BK4526":"热门中概股"},"translate_title":"协鑫科技预计至9月9个月扭亏，生产27吉瓦硅片","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03800":1,"HKD":1},"content_text":"GCL Technology (HKG:3800) expects a loss attributable to owners of 2.97 billion yuan for the nine months ended Sept. 30, against an attributable profit of 2.51 billion yuan for the year ended Dec. 31, 2023, a Friday Hong Kong bourse filing said.The company attributed the turn to loss to a substantial decline in the average selling prices of polysilicon and silicon wafer products during the reviewing period.For the nine months that ended Sept. 30, the company produced 198,300 tons of granular silicon, its shipment weighed 207,300 tons, with the selling price coming in at 40.56 yuan/kilogram and production and R&D costs amounted to 35.43 yuan per kilogram.The company produced 26.5 gigawatt of silicon wafers during the period including 6.1 gigawatt produced in the three months ended Sept. 30.The energy, polysilicon, and electronic wafer producer's shares closed nearly 20% higher on Friday.Price (HKD): $1.71, Change: $+0.28, Percent Change: +19.58%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478889981"}