HK Stock Market Move | GCL TECH (03800) rose nearly 5% in the afternoon, with the photovoltaic silicon material industry capacity integration brewing. The company's cost advantages lead the industry.

GCL TECH (03800) rose nearly 5% in the afternoon, rising by 4.94% as of the time of publication, to $0.85 Hong Kong dollars, with a turnover of 1.88 billion Hong Kong dollars. In terms of news, according to reports from First Finance, journalists have learned from industry insiders that the photovoltaic silicon material sector currently holds a "meeting" about once a month, with middle-level executives from companies attending to discuss topics related to production reduction. Currently, the top few silicon material companies are intending to jointly promote capacity integration, but discussions are still needed on how to proceed. The annual report shows that GCL TECH continues to promote cost reduction and efficiency improvement, with a significant decrease in cash costs. The average cash cost of polysilicon over the past 24 years was 33.52 yuan/kg, a 10% decrease from the fourth quarter of 23Q4. In January and February 25, the cash cost dropped to 27.14 yuan/kg, placing the company in a leading position in the industry in terms of cost. EB SECURITIES pointed out that the company's profitability is under pressure in the context of lower industry chain prices, but with the company's continued reduction in production costs and the stabilization and rebound of industry chain prices, it is optimistic about the company being the first in the silicon material industry to achieve a turnaround from loss to profit.