GCL Technology Witnessing Drastic Profit Loss Due to Declining Polysilicon Prices
Monday, 18 March 2024, 16:30
GCL Tech Profit Plummets On Falling Polysilicon Prices
GCL recently disclosed that its revenue for the year declined by 6.2% to 33.7 billion yuan ($4.68 billion), accompanied by an 85% drop in profit to 2.5 billion yuan.
This drastic decline can be mainly attributed to the falling prices of polysilicon in the market, significantly affecting GCL Tech's financial standing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.