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GCL Technology Holdings Limited
(3800)
GCL Technology Holdings Limited (3800) vs. iShares MSCI Hong Kong ETF (EWH)
GCL Technology Holdings Limited Business Overview & Revenue Model
GCL Technology Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.97B | 15.10B | 33.70B | 35.93B | 16.87B | 14.62B |
| Gross Profit | -2.66B | -2.51B | 11.69B | 17.50B | 5.57B | 3.75B |
| EBITDA | -2.12B | -2.73B | 8.07B | 20.74B | 8.46B | 4.67B |
| Net Income | -5.05B | -4.75B | 2.51B | 16.03B | 5.08B | -5.67B |
Balance Sheet | ||||||
| Total Assets | 71.49B | 74.87B | 82.77B | 85.56B | 64.10B | 80.50B |
| Cash, Cash Equivalents and Short-Term Investments | 5.99B | 7.00B | 8.52B | 6.89B | 7.13B | 2.51B |
| Total Debt | 17.68B | 19.10B | 15.50B | 13.74B | 12.60B | 42.40B |
| Total Liabilities | 30.01B | 32.58B | 34.45B | 40.01B | 31.80B | 60.11B |
| Stockholders Equity | 36.64B | 37.18B | 42.59B | 42.68B | 29.03B | 16.59B |
Cash Flow | ||||||
| Free Cash Flow | -1.27B | -7.53B | -16.07B | -8.06B | -4.10B | -568.91M |
| Operating Cash Flow | 495.51M | -3.30B | -3.85B | 7.87B | 1.88B | 1.59B |
| Investing Cash Flow | -2.50B | -6.04B | -10.91B | -16.55B | 742.87M | 2.74B |
| Financing Cash Flow | 3.19B | 7.69B | 14.96B | 8.40B | 959.20M | -4.16B |
GCL Technology Holdings Limited Technical Analysis
GCL Technology Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $30.83B | 29.49 | 2.93% | 1.41% | ― | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | HK$8.97B | -6.78 | -10.01% | ― | -32.90% | -152.00% | |
46 Neutral | HK$34.55B | -3.59 | -13.67% | ― | -44.73% | -10.66% | |
43 Neutral | HK$285.84M | -0.49 | -24.72% | ― | -43.94% | -162.54% | |
43 Neutral | HK$338.54M | -0.31 | -52.09% | ― | -29.43% | -752.95% | |
42 Neutral | HK$579.85M | -7.28 | -1.39% | ― | 36.71% | 8.15% |
GCL Technology Holdings Limited Corporate Events
GCL Technology Holdings Limited has entered into a 2026 Procurement Framework Agreement under which its indirect wholly owned subsidiary Jiangsu GCL, on behalf of itself and Ningxia GCL, will purchase products from Henan GCL, a related entity ultimately held by the Zhu Family Trust. The transaction is classified as a continuing connected transaction under Hong Kong Listing Rules because Henan GCL is an associate of the company’s substantial shareholder, and while the deal’s size triggers reporting and announcement obligations, it remains exempt from circular and independent shareholders’ approval requirements; several directors linked to the Zhu Family Trust abstained from voting to address potential conflicts of interest, underscoring the board’s emphasis on corporate governance in managing related-party dealings.
The most recent analyst rating on (HK:3800) stock is a Hold with a HK$1.12 price target. To see the full list of analyst forecasts on GCL Technology Holdings Limited stock, see the HK:3800 Stock Forecast page.
GCL Technology Holdings plans to issue up to HK$1.17 billion in convertible bonds to a professional investor under its general mandate, with the bonds convertible at HK$1.60 per share into up to 731.25 million new shares, representing about 2.20% of its existing share capital. The proceeds are earmarked for investment in a merger and acquisition fund jointly overseen by the company and the subscriber, signaling a push to deploy fresh capital into strategic deals; while the bonds will not be listed, the new shares upon conversion will seek listing approval in Hong Kong, and the transaction, which does not require shareholder approval, underscores GCL’s intent to pursue growth through M&A amid evolving opportunities in its sector.
The most recent analyst rating on (HK:3800) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
GCL Technology Holdings has issued a supplemental announcement regarding its previously disclosed acquisitions of equity interests in a non-wholly owned subsidiary, providing additional detail on the valuation assumptions and the gap between the subsidiary’s appraised value and its unaudited net asset value. The valuation, conducted under assumptions of an open and stable market, continued lawful operations, and no significant adverse changes in economic, policy, or financial conditions, places the target entity’s value at about RMB4.972 billion as of 31 March 2025 versus unaudited net assets of roughly RMB4.414 billion as of 31 October 2025. The company attributes the valuation premium mainly to differences in accounting treatments and estimates, particularly the economic useful lives assigned to fixed assets and the treatment of perpetual loans, clarifying for shareholders and potential investors how these methodological choices affect the perceived value of the subsidiary and, by extension, the economics of the equity acquisition.
The most recent analyst rating on (HK:3800) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
GCL Technology Holdings has granted 271,732,888 share awards at nil consideration to 40 eligible senior managers, key employees and core operational staff under its share award scheme, representing about 0.818% of its issued share capital and carrying a market value of roughly HK$296 million based on the latest closing price. A substantial portion of 227,500,000 award shares has been allocated to connected persons, including executive and independent non-executive directors, underscoring the company’s ongoing use of equity incentives to align management and key personnel with shareholder interests and to support long-term retention and performance within the group.
The most recent analyst rating on (HK:3800) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
GCL Technology Holdings has entered into a new 2026–2028 Coal Supply Framework Agreement under which its affiliate GCL Intelligent Energy will supply coal to Jiangsu Zhongneng from 1 January 2026 to 31 December 2028, replacing the existing 2023–2025 framework when it expires at the end of 2025. Because both GCL Intelligent Energy and key board members are linked to the Zhu Family Trust, the arrangement is classified as a continuing connected transaction under Hong Kong Listing Rules, triggering reporting, announcement and annual review requirements but exempting the deal from the need for an independent shareholders’ vote; directors with ties to the trust abstained from voting to mitigate conflicts of interest.
The most recent analyst rating on (HK:3800) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
GCL Technology Holdings Limited, a company incorporated in the Cayman Islands, has announced a significant transaction involving the acquisition of equity interests in a non-wholly owned subsidiary. The company has entered into a Partnership Agreement with several partners to establish a Limited Partnership aimed at acquiring 42.469% equity interests in the target company, ensuring it remains a non-wholly owned subsidiary. The transaction, valued at RMB2,010 million, involves multiple parties and is classified as a discloseable and connected transaction under the Hong Kong Listing Rules. The Board has approved the transaction, confirming that the terms are fair and reasonable and in the interests of the company and its shareholders.
The most recent analyst rating on (HK:3800) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
GCL Technology Holdings Limited, through its subsidiary Suzhou GCL Research, has entered into a series of new lease agreements with GCL Energy Technology Group. These agreements involve leasing various portions of their research and headquarters buildings to different subsidiaries, including GCL Xinke, GCL Power Sales, and GCL Intelligent Financial Consulting, for terms ranging from one to two years. This strategic move is aimed at optimizing the use of their facilities and ensuring continuity in their operations. The new lease agreements, effective from 2025 to 2027, reflect GCL’s ongoing efforts to manage its real estate assets efficiently and support its subsidiaries’ operational needs.
The most recent analyst rating on (HK:3800) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
GCL Technology Holdings Limited announced the completion of its Tranche 2B Subscription, issuing 1,353,043,000 new shares to Infini Global Master Fund at a price of HK$1.15 per share. This move is part of the company’s strategy to strengthen its financial position and enhance its market competitiveness by leveraging new capital.
The most recent analyst rating on (HK:3800) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
GCL Technology Holdings Limited has announced the completion of its Tranche 2A Subscription, issuing a total of 1,353,043,000 new shares to Infini Global Master Fund at a price of HK$1.15 per share. This move is part of the company’s broader strategy to raise capital, which could enhance its market positioning and provide additional resources for future growth initiatives.
The most recent analyst rating on (HK:3800) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.