GCL Technology Holdings Limited was established in 2006 and listed on the Main Board of the Hong Kong Stock Exchange in 2007 (stock code: 3800. HK), is a constituent stock of the Hang Seng Composite Index, a constituent stock of the Hang Seng China (Hong Kong-listed) 100 Index, and a constituent stock of the MSCI China All-Stock Index of MSCI, an international authoritative index agency. The Company has operations mainly in the United States, Hong Kong, Suzhou, Xuzhou, Leshan, Baotou, Zhongwei.
Shouldering the mission of “focusing on green development and continuously improving human living environment” and as the leading R&D and manufacturer of high-efficiency solar materials in world, the Company continues to break through the key technologies of the industry, promote the progress of the industry with technologies, lead the development direction of high-efficiency solar material technology, and has maintained a technology driver position in the polysilicon industry. The fluidized bed reactor (FBR)-based granular silicon technology with independent intellectual property rights developed by the Company after ten years of hard work has multiple advantages such as low cost, high quality and low carbon footprint, setting a record for the lowest silicon carbon footprint at home and abroad, and has become a green energy to promote deep carbon control and emission reduction in the photovoltaic industry.
The board of directors of the Company proposed the payment of a final
dividend of HK$0.06 per share for the year ended 31 December 2022,
representing a total distributable profit of HK$1,593 million*.
*Subject to the approval by the Shareholders on the upcoming annual general meeting of the Company.
In the future, with the bases of FBR-based granular silicon in Leshan and Baotou commencing full production, the advantages of new equipment and low electricity price allow rooms for a significant markdown in production cost.
*Including the gross profit of silicon powder as a by-product; Affected by the production capacity for the region, the comprehensive electricity price of granular silicon of the Company in 2022 was approximately RMB0.57/kWh (including tax).
**The tax-inclusive electricity price in Xuzhou is RMB0.65/kWh
***The actual cost for granular silicon in Xuzhou base and rod silicon for associates in areas with low electricity price in February 2023
*Not including the production volume of associates