Capital Allocation Trends At GCL Energy TechnologyLtd (SZSE:002015) Aren't Ideal

Simply Wall StMar 3 20:10 ET

GCL Energy Technology (002015.SZ) subsidiary intends to acquire a 99.974% subscribed capital contribution of Zhike (Zibo) Fund.

GCL Energy Technology (002015.SZ) announced that its controlling subsidiary Suzhou GCL XinGuang Smart Energy Co., Ltd. (briefly...

Zhitong FinanceFeb 21 07:02 ET

GCL Energy Technology (002015.SZ): Some fundraising projects have been completed and some changes have been made to the use of funds raised.

On February 21, GCL Energy Technology (002015.SZ) announced that both the Board of Directors and the Supervisory Board agreed to terminate some fundraising projects and change the use of some raised funds based on the latest Global Strategy and the investment construction progress of related fundraising projects. The company intends to stop using the raised funds for the 'New Energy Automotive Charging Station Construction Project' and will allocate the remaining funds to new investment projects. It also plans to adjust the investment construction plan and total investment amount of the 'Distributed Photovoltaic Power Station Construction Project' and reallocates part of the raised funds for new investment projects. Furthermore, it intends to adjust the 'New Grid-side Energy Storage Power Station Construction Project' to.

Gelonghui FinanceFeb 21 05:33 ET

GCL Energy Technology (002015.SZ): Peking Shengneng, as a supplier of battery swapping equipment and technical services, provides standard Battery packs and products and technical services for battery swapping stations.

On February 18, at Gelonghui, GCL Energy Technology (002015.SZ) stated on the investor interaction platform that its wholly-owned subsidiary Peking Shengneng Energy Technology Co., Ltd. has a business scope that includes technical services, technology development, sales of New energy Fund Battery swapping facilities, manufacturing of Machinery and Electrical Equipment, centralized rapid charging stations, etc. As a supplier of Battery swap equipment and technical services, it provides standard Battery packs and swapping stations among other products and technical services. Currently, the relevant Business accounts for a relatively low proportion of the company's total revenue and has not yet had a significant impact on the company's overall Operation performance.

Gelonghui FinanceFeb 18 02:47 ET

Is GCL Energy TechnologyLtd (SZSE:002015) A Risky Investment?

Simply Wall StFeb 9 22:09 ET

GCL Energy Technology Co.,Ltd. (SZSE:002015) Could Be Riskier Than It Looks

Simply Wall StDec 30, 2024 21:43 ET