Energia
GCL SI Forecasts 2023 Net Profit to Surge by 152.9%-270.9%
Regarding sales, the announcement revealed that GCL SI has been committed to both domestic and international markets while accelerating the build out of sales channels and increasing customer loyalty. As reported on January 26th , China Resources New Energy Group disclosed the results of its centralized procurement for solar modules intended for the facility in Hotan Prefecture. Most notably, GCL SI won the bid to supply 1.56GW N-type modules to the facility. This represents another gigawatt-scale order following GCL SI's successful delivery of 1.1GW solar modules to India's NTPC Renewable Energy Limited, signaling an auspicious kickoff for the company's operations in 2024.
Furthermore, GCL SI highlighted in the announcement that during the reporting period, the company saw further uplifts in its operational and management efficiency. Thanks to a significant improvement in operating cash flow, the firm now boasts the industry's top cash turnover ratio. Concurrently, it has achieved substantial reductions in cell and module production costs while increasing efficiency. Additionally, GCL SI's capital management and financing capacity have seen year-on-year enhancements, with all financial metrics showing sustained improvement.
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