GCL TECH (03800) has released its interim results for the six months ending June 30, 2026. The group achieved revenue of RMB 5.777 billion, representing a year-on-year increase of 0.7%. Research and development expenses amounted to RMB 369 million, up 4.46% from the corresponding period last year.

The company recorded a loss attributable to owners of the parent company of RMB 2.081 billion for the period, with a basic loss per share of RMB 0.0637. As of June 30, 2026, the group’s granular silicon production capacity stood at 480,000 metric tons.

During the first half of 2026, the average external selling price of granular silicon (excluding tax) was approximately RMB 31.97 per kilogram. The average cash production cost of granular silicon (excluding tax) for the period was RMB 25.23 per kilogram, positioning the company at a leading level within the industry. GCL TECH captured a 23.12% market share in the polysilicon market based on production volume during the first half of 2026. In terms of external sales volume, the company is estimated to have secured the top market share position, reaching a historic high.

Shipments to the top five customers accounted for 34%, 26%, 12%, 6%, and 5% of total granular silicon sales respectively, reflecting a stable and well-diversified customer base.