BRIEF: GCL continues to reduce granular polysilicon production costs

3800.HK

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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