GCL Expertise Holdings stated income fell by 6.2% to CNY 33.70 billion ($4.65 billion) in 2023, from CNY 35.93 billion a yr earlier. Revenue attributable to house owners decreased 84.3% yr on yr to CNY 2.51 billion. The corporate attributed its efficiency to losses on sure asset holdings, increased financing and administrative prices, and rising R&D spending, which hit CNY 1.87 billion, up 11.1% from 2022. GCL Expertise stated it plans a share buyback and cancellation initiative of as much as CNY 680 million in 2024. The corporate has 12 GW of ingot and 58.5 GW of wafer capability and is engaged on perovskite tandem expertise, with reported efficiencies of 19.04% for a single-junction module and 26.34% for a tandem module.
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