On April 21, Xiexin Technologies disclosed the main operating data of photovoltaic materials business in the first quarter of 2026. According to the
data, in the first quarter of this year, the profit before tax, interest, depreciation and amortization (EBITDA) of the unaudited adjusted photovoltaic materials business of Xiexin Technologies was 5
. The average external price of Xiexin Science and Technology Granular Silicon is about 44.04 yuan/ kg (including tax). Its average production cash cost (including R & D, technological upgrading and continuous system upgrading) is about 25.
It is noteworthy that, according to the previous announcement, the price of Xiexin Technology Granular Silicon in the fourth quarter of 2025 is 48.49 yuan/kg. Single-quarter cost in the fourth quarter 24. In the first quarter of this year, the average selling price of granular silicon fell by about 9.2% compared with the previous quarter, and the cost increased
slightly compared with the previous quarter. In 2025, Xiexin Science and Technology lost 2.868 billion yuan in the whole year , 1.776 billion yuan in the first half of the year and 960 million yuan in the third quarter. In the fourth quarter of 2025, the loss of Xiexin Science and Technology was about 20.
In addition, the company said that the photovoltaic industry was affected by seasonal and global holidays in the first quarter of 2026, but the photovoltaic market recovered in March. The quality of its products continued to improve, the cost continued to decline, and the operating rate increased significantly, which has returned to the same period in previous years.
year, the company achieved revenue of 14.425 billion yuan, down 4.5% year-on-year; The net profit loss was 2.868 billion yuan, a year-on-year decrease of 39.6% ; the gross profit was 1.336 billion yuan, a year-on-year turnaround; Gross profit margin also increased from -16.6% in 2024 to 9% in 2025.
From a business perspective, in 2025, GCL's photovoltaic materials business achieved a revenue of 143.
Financial data show that the average cash manufacturing cost (including R & D) of the company's granular silicon in 2025 is 25.12 yuan/kg . Compared with 33.52 yuan/kg in 2024, it decreased by 25. Last year, the average sales price of GCL's granular silicon without tax was about 35
. GCL has a polysilicon production capacity of 480,000 metric tons and an annual crystal pulling capacity of 10GW, < a href = "https://www.databm.".
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