建银国际表示，协鑫科技的低成本及低碳的FBR夥粒硅在行业下行周期中处于有利位置。该行下调了公司2024至2026年度盈利预测，以反映较低的硅片销量及毛利率，以及较高的经营开支及财务成本。该行预测协鑫科技明年转亏为盈，赚6.33亿元，预计2026年度纯利大增至34亿元。GCL Tech (03800) rose nearly 5% at the close, as of the time of writing, up 3.64% to HK$1.71, with a turnover of 0.998 billion Hong Kong dollars.
According to the Wise Financial APP, GCL Tech (03800) rose nearly 5% at the close, up 3.64% to HK$1.71 at the time of writing, with a turnover of 0.998 billion Hong Kong dollars.
Yongxing Securities issued a research report stating that GCL Tech's cash cost of polysilicon continues to decrease, and the recovery of production capacity utilization is expected to drive costs lower. The bank believes that after the implementation of carbon tariffs/carbon emission-related policies, the low-carbon advantages of polysilicon will be highlighted, and the product's competitive advantage will be further highlighted.
BNP Paribas International stated that GCL Tech's low-cost and low-carbon FBR granular silicon is in a favorable position during the industry's downturn. The bank has lowered the company's profit forecast for 2024 to 2026 to reflect lower silicon wafer sales volume and gross margin, as well as higher operating expenses and financial costs. The bank predicts that GCL Tech will turn losses into profits next year, earning 0.633 billion yuan, with the net profit expected to increase significantly to 3.4 billion yuan in 2026.
