GCL-Poly Energy Holdings ( (HK:3800) ) just unveiled an announcement.
GCL Technology Holdings Limited reported a significant downturn in its financial performance for the year ending December 31, 2024. The company experienced a 55.2% decrease in revenue compared to 2023, resulting in a gross loss of RMB 2,510.1 million. The net loss attributable to the company’s owners was RMB 4,750.4 million, a stark contrast to the previous year’s profit. This decline is attributed to increased costs, reduced sales, and significant impairment losses. The results indicate a challenging year for GCL Tech, potentially impacting its market position and stakeholder confidence.
More about GCL-Poly Energy Holdings
GCL Technology Holdings Limited, incorporated in the Cayman Islands, operates in the energy sector, focusing on technology-driven solutions. The company is listed on the Hong Kong Stock Exchange and engages in the production and distribution of energy-related products and services.
YTD Price Performance: -21.88%
Average Trading Volume: 5,774
Technical Sentiment Signal: Buy
Current Market Cap: $3.7B
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