Apex Trader Funding - News
GCL SI's Net Profit Soars by 142.24% in 2023, Ranking Among Industry's Top Ten in Production and Sales
SUZHOU, China, April 30, 2024 /CNW/ -- GCL System Integration Technology Co Ltd (GCL SI) (Shenzhen:002506) disclosed its financial results for the fiscal year ended December 31, 2023, in a press release issued after market close on April 26th. The company's revenue reported a year-on-year increase of 91.15% to approx. 2.20 billion dollars. Additionally, net profit attributable to shareholders rose 142.24% year-on-year to approx. 21.76 million dollars. Besides operational performance, the company demonstrated industry leadership through its advanced production capacity, efficiency in lean production, and increased market share.
In 2023, GCL SI continued its strategic focus on expanding production capabilities, specifically in large-scale modules and N-type cells. The strategic pivot contributed to a robust increase ...