No Data
No Data
Express News | The White House announced additional tariffs on a range of Chinese products, including electric vehicles, China: urges the US to immediately cancel
GCL Technology (3800.HK): The cost advantage of granular silicon may help overcome the cycle
Lower prices of polysilicon and silicon wafers dragged down performance growth. The company recently announced its results for the first quarter of '24. Q1 achieved revenue of 5.47 billion yuan and net profit to mother of 0.3 billion yuan, down 51.1% and 99.2%, respectively.
GCL Technology (3800.HK): Short-term profit is under pressure, and cost advantages can be expected in the future
On May 10, GCL Technology announced its results for the first quarter of 2024. 2024Q1 achieved revenue of approximately 5.47 billion yuan and profits attributable to owners of about 33 million yuan. The output of 2024Q1 granular silicon is about 65,500 tons, and the shipment volume is about 65,200 tons (of which internal sales are about 3,300 tons). Production and sales were basically balanced in the first quarter, and the average external sales price was about 55 yuan/kg (tax included).
A quick look at the Hong Kong market | The three major indices have risen one after another. Technology Network stocks and power stocks are popular. Bilibili has risen more than 6%, and Huadian International has risen nearly 8%
Biotech stocks had mixed ups and downs. Pharmaceutical and Ming Union fell%, and Jinxin Fertility rose%; shipping stocks rose, with Dongfang Overseas International, COSCO Marine Control, and COSCO Marine Energy up nearly 6%.
Changes in Hong Kong stocks | GCL Technology (03800) rose more than 8% in the intraday period, the quality of granular silicon improved markedly, and the industrialization process of perovskite is expected to accelerate
The Zhitong Finance App learned that GCL Technology (03800) rose more than 8% in the intraday period. As of press release, it had risen 6.82% to HK$1.41, with a turnover of HK$363 million. According to the news, GCL Technology announced its results for the first quarter of 2024. The profit attributable to the company's unaudited owners was approximately RMB 33 million and revenue was approximately RMB 5.47 billion. Furthermore, the quality of the Group's granular silicon has been rising steadily. The turbidity of the company's granular silicon has been fully controlled within 120 NTU. The proportion of the first batch of products with turbidity below 100 NTU reached 75%, and metal impurities were less than 0 during March 2024.
GCL Technology (3800.HK): Improving the quality of granular silicon, Q1 operation is under short-term pressure
Q1 Short-term operating pressure According to the company's announcement, in the first quarter of '24, the company's revenue was 5.47 billion yuan, net profit to mother was 33 million yuan. Factors such as a sharp drop in silicon prices and the company's production capacity still climbing caused short-term pressure on the company's operations. Khao
No Data