GCL Technology Holdings mentioned income fell 6.2% to CNY 33.70 billion ($4.65 billion) in 2023, from CNY 35.93 billion final 12 months. Profit attributable to homeowners decreased 84.3% year-on-year to CNY 2.51 billion. The firm attributed its efficiency to the losses of some asset holdings, greater financing and administrative prices, and elevated R&D spending, which hit CNY 1.87 billion, up 11.1% from 2022. GCL Technology mentioned it plans a share buy and cancellation initiative of as much as CNY 680 million by 2024. The firm has 12 GW of ingot and 58.5 GW of wafer capability and is engaged on perovskite tandem know-how, with a reported effectivity of 19.04% for a single-junction module and 26.34% for a tandem module.

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