GCL Tech Reports Major Financial Downturn

GCL-Poly Energy Holdings (HK:3800) has released an update.

GCL Technology Holdings Limited reported a significant downturn in its interim financial results for the first half of 2024, with revenue plummeting by 57.7% and the company facing a loss of RMB 1,479.6 million, a stark contrast to the profit of RMB 5,518.3 million in the previous year. The company’s basic and diluted earnings per share also dropped into negative territory, reflecting the financial challenges faced during the period.

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