GCL Technology Holdings mentioned it generated CNY 8.863 billion in income within the first half of 2024, with a gross lack of CNY 553 million. Its nominal capability for granular silicon reaches 420,000 tons per 12 months, which is totally utilized. Granular silicon output elevated by 65.6% year-on-year to 136,359 tons – greater than 96% n-type silicon. The firm says that manufacturing line optimization has improved silicon consumption, power use, and effectivity. It mentioned it expects money prices for granular silicon to quickly fall under CNY 30/kg.
Jingyuntong (JYT) mentioned the group’s income hit CNY 2.891 billion within the first half of 2024, down 43.73% from final 12 months, with a web loss attributable to shareholders of CNY 1.085 billion. It attributed its poor efficiency to the continuing decline in market costs for polysilicon wafers, which weighed on income and gross margins in its new supplies enterprise, resulting in working losses.
Gstar and Siraj Group agreed to collaborate on a 2 GW photo voltaic module manufacturing challenge. Gstar mentioned it expects to finalize the formal contract quickly and start building in November. The corporations didn’t disclose the placement of the challenge or any particulars about its particular phases.
Xinte Energy mentioned income fell 33.23% year-on-year to CNY 11.74 billion within the six months to June 30, 2024. It mentioned its web loss attributable to shareholders was CNY 887.02 million, from web revenue which is CNY 4.75 billion within the first half of 2023. The group’s polysilicon manufacturing capability reached 146,500 tons, with polysilicon gross sales rising by 92.55% to 136,800 tons.
New Energy of Irico Group mentioned it recorded an unaudited web revenue of CNY 4.19 billion and CNY 2.03 billion in income for the primary six months of 2024. It helped that it expects the Jiangxi challenge to assist future gross sales and income of operations, and guarantees to cut back product prices via know-how enhancements, high quality management, and provide chain measures.
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