On August 29, GCL Technologies, the leader of granular silicon, announced its results for the first half of 2023. For the six months ended June 30, 2023, the company's revenue from continuing operations was about RMB 20.946 billion, an increase of 41.8% over the same period in the first half of 2022; Gross profit was approximately RMB8,778 million, representing a year-on-year increase of 23.9%. Profit attributable to owners of the Company was approximately RMB5,518 million and basic earnings per share was approximately RMB0.2079.
In terms of products, during the reporting period, the company's polysilicon revenue was 11.118 billion yuan, silicon wafer revenue was 7.201 billion yuan, processing cost revenue was 907 million yuan and other revenue was 1.608 billion yuan. Digital New Energy DataBM. Com noted that compared with the first half of 2022, the company's polysilicon revenue increased by 61.52%. In the first half of
2023, the Company produced approximately 111,054 metric tons of polysilicon and 25,376 MW of silicon wafers, representing a year-on-year increase of 177.1% and 5.0% respectively. In the first half of the year, the production of granular silicon was approximately 82,359 metric tons, and the production of rod-shaped silicon was approximately 28,695 metric tons.
As of the announcement date of this report, the company has achieved an effective production capacity of 280000 tons of granular silicon in Xuzhou, Leshan and Baotou bases, and the market share has increased from 10.3% at the end of last year to more than 15%, maintaining a strong momentum of high-speed growth, steadily advancing towards the target of more than 30% market share, and continuing to lead the high-quality development of the industry. In the first half of
2023, the company applied for 88 new patents and granted 54 new patents, including 13 invention patents. The company led two national standards, of which the new national standard for granular silicon was officially released on August 6, 2023, and is expected to be formally implemented on March 1, 2024.
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