On August 26, GCL TECH rose 6.47% in regular trading, trading at HKD 0.74/share, with turnover of HKD 85.48 million.

On the news front, CITIC Securities recently published a research note stating that photovoltaic industry demand has essentially bottomed out, with domestic and overseas installations expected to improve sequentially from H2 onward. On the supply side, anti-involution measures have evolved from voluntary initiatives to mandatory institutional constraints, with energy efficiency standards and cost accounting guidelines accelerating the exit of outdated capacity. Industrial chain pricing and profitability are expected to recover.

Additionally, polysilicon spot prices have continued to edge higher recently, with producers maintaining a firm stance on price increases. The company is scheduled to release its interim results on August 28, warming market expectations for earnings improvement. Western Securities previously assigned an Overweight rating, forecasting that the company's net loss attributable to shareholders will narrow significantly, with full-year losses projected at RMB -671 million versus RMB -2.87 billion in the prior year.

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