GCL Energy Technology Announces H1 2026 Results; Net Profit Rises 5.53%

2026-07-31

GCL Energy Technology announced its results for the six months ended June 30, 2026, reporting revenue of RMB 4.89 billion. Net profit attributable to shareholders increased 5.53% year on year to RMB 548.02 million, while net profit excluding non-recurring gains and losses rose 10.97% to RMB 515.10 million.

Trading services revenue grew 92.99% year on year. Electricity sales volume under management reached 22.8 TWh, including 1.3 TWh of green power trading. The company held electricity retail qualifications in 18 provincial-level regions.

Its AI-powered virtual power plant platform had 1,243 MW of dispatchable capacity and more than 31 GW of managed capacity. The company also progressed its computing and energy integration strategy through computing capacity leasing and framework cooperation agreements in three national computing hub locations.

Total grid-connected operating capacity stood at 6,050.02 MW, with renewables accounting for 58.14% of generation capacity. The company had signed agreements covering 63 zero-carbon industrial parks, including five national-level parks.

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