GCL Tech Made the 2023 Fortune China Top 500 List
Fortune recently released its inaugural list of the top 500 publicly traded Chinese companies. GCL Tech (03800.HK) earned the 356th spot due to its standout performance in 2022, a testament to the company's strength.
This year, Fortune has officially released its highly anticipated "Top 500 Chinese Public Companies" list, showcasing Chinese companies that are traded globally and ranking them by revenue. The data used is extracted from the latest annual reports that these companies officially disclose across various stock exchanges. The list's authenticity and authority are widely acknowledged in the business world.
GCL Tech's operating revenue was RMB 35.93 billion in 2022, a 113.0% increase year-on-year. The net profit attributable to the parent company was RMB 16.03 billion, marking a 251.3% increase from the previous year. Over the past year, GCL Tech's market value has surpassed 100 billion Hong Kong dollars. It has been included in the Hang Seng Composite Index, Hong Kong Stock Connect, and MSCI Index, which has significantly boosted its brand strength and value.
In terms of production capacity, the company's modular granular silicon base has rapidly taken shape. The domestic silicon production capacity that has been established and is under construction has reached 400,000 tons. On the innovation front, the company has been continuously researching and making breakthroughs in CCz, granular silicon applications, n-type silicon wafers, large-size wafers, and other key technologies based on the downstream application scenarios and industrial ecology of FBR granular silicon. The PV conversion efficiency of the world's largest 1M*2M perovskite module has reached 16%, and it is projected to exceed 18% by the end of this year. The company has broken the foreign technology and market monopoly of large-scale integrated circuit electronic-grade polysilicon, filling a void in the domestic industry. Furthermore, with respect to product quality, the quality of FBR granular silicon has improved rapidly. By March this year, our granular silicon features a total metal content of less than 3 ppbw, with a 96% success rate, and over 85% of our products have a total metal content of less than 1 ppbw. These remarkable achievements will effectively contribute to the fast development of the n-type industrial chain.
GCL Tech's significant accomplishments in various fields and the marked enhancement in associated data strongly showcase the company's robust and vigorous growth trajectory. As a globally recognized leader in the R&D and intelligent manufacturing of high-efficiency PV materials, GCL Tech will concentrate on the low-carbon, low-consumption FBR granular silicon technology and remain committed to energy technology innovation and emission reduction, upgrading the PV industry ecosystem and collaborating with global partners to pave the way for a green and zero-carbon future.