GCL SI Forecasts 2023 Net Profit to Surge by 152.9%-270.9%

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SUZHOU, China, Feb. 5, 2024 /CNW/ — On January 30th, GCL System Integration Technology Co. Ltd (hereafter referred to as “GCL SI”) announced its annual result forecasts for 2023. According to the announcement, the company’s revenue is anticipated to show a year-on-year increase of 85.6%-109% to USD 2.155 billion-2.363 billion in 2023. Additionally, net profit attributable to the parent is projected to rise 152.9%-270.9% year on year to USD 20.85 million-30.58 million.

During the reporting period, GCL SI continued to expand its production capacity for large-size, high-efficiency modules and N-type cells. In particular, the first phase (15GW) of the module production facility in Hefei has reached full capacity, while the Funing …

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