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GCL Technology Holdings Limited (3800) AI Stock Analysis
GCL Technology Holdings Limited
(HKEX:3800)
The score is held down primarily by weak financial performance driven by ongoing losses and persistent operating/free cash flow burn, despite some revenue recovery and improving margins versus 2024. Technical indicators are broadly neutral and provide limited support, while valuation is constrained by negative earnings (negative P/E) and the absence of a stated dividend yield.
GCL Technology Holdings Limited (3800) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 2.62B
- Dividend Yield
- ―
- Average Volume (3M)
- 245.66M
- Price to Earnings (P/E)
- -5.0
- Beta (1Y)
- 0.74
- Revenue Growth
- 24.57%
- EPS Growth
- 44.61%
- Country
- Hong Kong
- Employees
- 7,695
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Solar
GCL Technology Holdings Limited Business Overview & Revenue Model
Company Description
GCL Technology Holdings Limited, founded in 2006 and based in Kowloon, Hong Kong, is a company primarily involved in the manufacturing and global distribution of polysilicon and wafer products. Previously known as GCL-Poly Energy Holdings Limited unt...
How the Company Makes Money
The company makes money primarily by manufacturing and selling solar-industry materials, with revenue largely tied to shipment volumes and prevailing market prices for polysilicon and silicon wafers. Key revenue streams: 1) Polysilicon sales: GCL pro...
GCL Technology Holdings Limited Financial Statement Overview
Summary
Income statement and cash flow are the main drags: despite a revenue rebound in 2025 (+17.4%), profitability remains weak with continued net losses and negative operating profit, and operating/free cash flow stayed negative through 2023–2025. The balance sheet is a relative support with improved debt-to-equity (~0.46x in 2025), but negative returns in 2024–2025 highlight that the capital base is not currently generating adequate profitability.
Income Statement
34NegativeBalance Sheet
56NeutralCash Flow
24Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.39B | 14.42B | 15.10B | 33.70B | 35.93B | 16.87B |
| Gross Profit | 1.61B | 1.34B | -2.51B | 11.69B | 17.50B | 5.57B |
| EBITDA | 2.42B | 2.35B | -1.88B | 8.07B | 20.74B | 8.46B |
| Net Income | -3.14B | -2.87B | -4.75B | 2.51B | 16.03B | 5.08B |
Balance Sheet | ||||||
| Total Assets | 69.94B | 75.92B | 74.87B | 82.77B | 85.56B | 64.10B |
| Cash, Cash Equivalents and Short-Term Investments | 14.68B | 14.97B | 7.00B | 8.52B | 6.89B | 7.13B |
| Total Debt | 17.81B | 18.51B | 19.10B | 15.50B | 13.74B | 12.60B |
| Total Liabilities | 28.87B | 32.48B | 32.58B | 34.45B | 40.01B | 31.80B |
| Stockholders Equity | 36.56B | 39.88B | 37.18B | 42.59B | 42.68B | 29.03B |
Cash Flow | ||||||
| Free Cash Flow | -6.43B | -5.23B | -7.53B | -16.07B | -8.06B | -4.10B |
| Operating Cash Flow | -4.10B | -3.74B | -3.30B | -3.85B | 7.87B | 1.88B |
| Investing Cash Flow | -1.02B | -1.96B | -6.04B | -10.91B | -16.55B | 742.87M |
| Financing Cash Flow | 10.23B | 9.60B | 7.69B | 14.96B | 8.40B | 959.20M |
GCL Technology Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3800, the sentiment is Negative. The current price of 0.58 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.70, and below the 200-day MA of 0.84, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 27.51 is Positive, neither overbought nor oversold. The STOCH value of 14.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3800.
GCL Technology Holdings Limited Peers Comparison
Overall Rating
HK:096848Neutral- HK:380046Neutral
HK:075043Neutral
HK:071242Neutral
HK:075737Underperform
HK:179937Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:0968 | 48Neutral | HKD 16.99B | 109.41 | 0.45% | 0.55% | ― | ― |
| HK:3800 | 46Neutral | HKD 19.43B | -4.97 | -8.23% | ― | 24.57% | 44.61% |
| HK:0750 | 43Neutral | HKD 473.96M | 7.84 | 1.20% | ― | -19.48% | ― |
| HK:0712 | 42Neutral | HKD 57.24M | -1.13 | 18.47% | ― | -0.32% | 5.56% |
| HK:0757 | 37Underperform | HKD 149.57M | -0.55 | -36.63% | ― | -12.64% | -1.05% |
| HK:1799 | 37Underperform | HKD 4.75B | -3.47 | -3.68% | ― | 12.17% | 63.91% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:3800 | Gcl Technology Holdings Limited | 0.58 | -0.76 | -56.34% | |
| HK:0750 | China Singyes Solar Technologies Holdings | 0.19 | -0.09 | -31.64% | |
| HK:0757 | Solargiga Energy Holdings | 0.04 | -0.05 | -51.61% | |
| HK:0968 | Xinyi Solar Holdings | 1.86 | -1.67 | -47.25% | |
| HK:0712 | Comtec Solar Systems Group Ltd. | 0.05 | -0.08 | -60.29% | |
| HK:1799 | Xinte Energy Co., Ltd. Class H | 3.32 | -4.57 | -57.92% |
GCL Technology Holdings Limited Corporate Events
GCL Technology Eyes RMB2.5 Billion Acquisition to Expand Lithium Battery Business
GCL Technology Holdings Limited has signed a non-legally binding memorandum of understanding to pursue the possible acquisition of up to 81.91% of Sichuan GCL Lithium Battery Technology Co., Ltd., a move that would make the target a non-wholly owned...
GCL Technology Widens Interim Loss Despite Narrower Gross Deficit
GCL Technology Holdings reported interim revenue of RMB5.78 billion for the six months ended 30 June 2026, essentially flat year on year, while narrowing its gross loss to RMB433.7 million from RMB700.2 million. However, the loss attributable to shar...
GCL Technology Ramps Up Lithium Iron Phosphate Project as Second Growth Engine
GCL Technology Holdings has commenced production at the first phase of its 200,000-metric-tonne lithium iron phosphate cathode material project in Leshan, Sichuan, using a proprietary one-step process technology licensed royalty-free from an affiliat...
GCL Technology Sets Board Meeting to Approve Interim Results and Consider Dividend
GCL Technology Holdings Limited has scheduled a board meeting for 28 August 2026 to review and approve the Group’s interim results for the six months ended 30 June 2026. The board will also consider whether to declare, recommend, or pay an inte...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 09, 2026