GCL TECH (03800) Clarifies August-September Profitability Comments Were Not Annual Forecasts, Based Only on Polysilicon Price Trends and Disclosed Data

Stock News

Sep 16

GCL TECH (03800) announced a clarification regarding a media article titled "China's GCL expects more information soon on polysilicon restructuring" published online on September 1, 2025.

The company clarified that statements made by Executive Director Mr. Yang Wenzhong during a routine investor update conference call on August 31, 2025, regarding the group's interim results for the first half of 2025 and recent market outlook, specifically that "the group may record profitability in August and September 2025," were comments based on observed upward trends in polysilicon prices. The statement suggested that if such trends continued, the company might achieve profitability in August and September 2025.

Mr. Yang and the company's investor relations team members present at the conference call only referenced operational data and figures disclosed in the company's interim results announcement dated August 29, 2025, for the six months ended June 30, 2025.

The company clarified that the aforementioned statements regarding group profitability were not made in reference to any revenue or profit forecasts for the company's fiscal year 2025. The company reminds shareholders and potential investors not to treat such statements as profit forecasts.

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