HK Stock Market Move | GCL TECH (03800) opened over 4% higher. In the third quarter, the photovoltaic materials business achieved a turnaround from loss to profit, with the selling price of polycrystalline silicon rising on a quarter-on-quarter basis.

GCL TECH (03800) opened more than 4% higher, and as of the time of publication, it has risen by 4.35% to 1.44 Hong Kong dollars, with a turnover of 55.2686 million Hong Kong dollars. In terms of news, on October 16, GCL TECH voluntarily announced that its photovoltaic materials business achieved a profit in the third quarter of 2025. According to the announcement, the photovoltaic materials business of GCL TECH recorded a profit of approximately 960 million yuan during the period, compared to a loss of 1.81 billion yuan in the same period last year. The company's profits for the period include a post-tax income of approximately 640 million yuan from the sale of a joint venture company. The announcement shows that in the third quarter of 2025, the average external selling price of polysilicon for the company was 42.12 yuan/kg, an increase from 32.93 yuan/kg in the second quarter. At the same time, the average production cash cost of polysilicon (including research and development costs) further decreased to 24.16 yuan/kg, continuing to decline from 27.07 yuan/kg in the first quarter.