On August 28, GCL TECH rose 5.37% in regular trading, trading at HKD 0.785 per share, with turnover of HKD 140 million.

On the news front, the company convened its board meeting today to review and approve interim results for the six months ended June 30, fueling market expectations of earnings improvement. Western Securities previously assigned an Overweight rating to the company, forecasting that attributable net loss would narrow significantly to approximately RMB 671 million, a substantial improvement from the RMB 2.87 billion loss recorded in the prior year. Additionally, polysilicon spot prices have continued to rise recently, with producers maintaining a firm stance on price increases, reinforcing expectations of a recovery in both industry-chain pricing and profitability.

Broader industry support also underpinned sentiment. Research notes indicated that photovoltaic sector demand has essentially bottomed, with domestic and overseas installations expected to improve sequentially from H2 onward. On the supply side, anti-involution measures have progressed from voluntary pledges to mandatory regulatory constraints, with energy efficiency standards and cost accounting rules accelerating the exit of inefficient capacity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)