Changes in Hong Kong stocks | GCL Technology (03800) rose more than 7% in early trading, the power consumption advantage of granular silicon is obvious, and the penetration rate is expected to increase steadily

The Zhitong Finance App learned that GCL Technology (03800) rose more than 7% in early trading. As of press release, it had risen 6.06% to HK$1.4 billion, with a turnover of HK$208 million.

According to the news, on November 20, the Ministry of Industry and Information Technology revised the “PV Manufacturing Industry Specification Conditions” and the “Interim Measures on the Administration of the PV Manufacturing Industry Specification Notice” to regulate from the perspective of technology, production capacity and energy consumption to guide the healthy development of the industry. According to data from GCL Technology, the Siemens process consumes about 50 kwh/kg, and granular silicon technology requires only 13.8 kwh/kg, so the power consumption advantage is obvious.

Huatai Securities pointed out that the technical reform of GCL Technology's production line was completed in stages in the third quarter of '24, and cash costs are expected to drop below 30 yuan/kg in the fourth quarter, leading the entire industry. Currently, the supply and demand of silicon materials are mismatched, and prices are under pressure. We are optimistic that granular silicon will steadily increase its penetration rate due to its low energy consumption.