On July 22, GCL TECH rose 5.08% in regular trading, trading at HK$0.62/share, with turnover of approximately HK$72.03 million.

On the news front, the company has maintained aggressive share repurchases, buying back 10 million shares at HK$0.57 per share on July 21. Year-to-date, the company has conducted 17 buybacks totaling 1.049 billion shares for a cumulative HK$712 million. Concurrently, Western Securities issued a research report assigning an Overweight rating, citing the companys transformation into a new energy materials platform. The broker forecasts net losses narrowing significantly to RMB -671 million for the current year, with a return to profitability of RMB 571 million expected next year.

Additionally, executive directors Lan Tianshi and Yang Wenzhong have been purchasing shares in the open market, with directors and core management collectively planning to increase holdings up to HK$100 million, signaling confidence in long-term value.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)