BRIEF: GCL continues to reduce granular polysilicon production costs
Solar materials producer GCL Technology Holdings Ltd. (3800.HK), said on Sunday its average external selling price for granular silicon was 36.15 yuan ($4.96) per kilogram in the first quarter of 2025. Its production costs for the period averaged 27.07 yuan, down by 19% from the average of 33.52 yuan per kilogram for the full-year 2024.
The company attributed the cost reductions to completed equipment upgrades and other improvements to its production process. GCL also reported first-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) of about 505 million yuan for its solar materials business segment.
Shares of GCL opened down 8.5% at HK$0.87 on Monday. The shares are down approximately 60% from their 52-week high.
By Lau Chi Hang
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