On June 8, GCL Technology fell 5.48% in regular trading, trading at HKD 0.7/share, with trading volume of HKD 132 million. The stock hit a fresh 52-week low as market concerns intensified over the company's strategic transformation.
On the news front, the company has been aggressively signaling a strategic pivot during the SNEC 2026 conference. Co-CEO Lan Tianshi stated that the company aims to reduce photovoltaic product revenue to below 20% of total revenue within three years, with lithium iron phosphate (LFP) becoming its primary product. Chairman Zhu Gongshan further remarked that the concept of a single PV manufacturing enterprise may disappear entirely, as PV manufacturing and energy attributes will be separated into distinct business models.
The market's concern centers on execution risk: the company's core granular silicon business remains loss-making with EPS at -0.096 yuan, while new businesses such as LFP and silicon-carbon anode materials are still in early production ramp-up phases. The stock has declined over 30% in the past three months amid persistent PV industry overcapacity and pricing pressure.
(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.)