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Home » Finance » GCL Technology Expects Significant Loss for Q1–Q3 2024 Amid Falling Polysilicon Prices
Finance

GCL Technology Expects Significant Loss for Q1–Q3 2024 Amid Falling Polysilicon Prices

By Alan MaOctober 28, 20241 Min Read
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GCL Multi-Wafer S2. Source: GCL-Poly Energy Holdings
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Chinese solar products manufacturer GCL Technology Holdings Ltd, formerly known as GCL-Poly Energy Holdings Ltd, has issued a profit warning for the nine months ending in September. The company anticipates a loss of approximately CNY 2.971 billion (USD 416.8 million) over this period, primarily attributed to a substantial decline in average market prices for polysilicon

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