GCL New Energy will continue to promote its light asset strategy in the first half of 2024, and actively expand its other clean energy businesses on the basis of its existing photovoltaic power generation business. The company has successfully sold 36 photovoltaic power station projects in China with a total capacity of about 584 megawatts, and completed the redemption and repurchase of nearly $240 million priority notes within 2023. As of June 30, 2024, the company's debt-to-asset ratio has dropped to about 22.8%, and its liquidity has significantly improved. In addition, the company has made progress in smart energy management platforms, launching Xinyi Lian V3.0, and signing a strategic cooperation agreement with Guoshun Technology Group Co., Ltd. to jointly explore the new energy operation and maintenance...Show More

GCL New Energy will continue to promote its light asset strategy in the first half of 2024, and actively expand its other clean energy businesses on the basis of its existing photovoltaic power generation business. The company has successfully sold 36 photovoltaic power station projects in China with a total capacity of about 584 megawatts, and completed the redemption and repurchase of nearly $240 million priority notes within 2023. As of June 30, 2024, the company's debt-to-asset ratio has dropped to about 22.8%, and its liquidity has significantly improved. In addition, the company has made progress in smart energy management platforms, launching Xinyi Lian V3.0, and signing a strategic cooperation agreement with Guoshun Technology Group Co., Ltd. to jointly explore the new energy operation and maintenance market. The company also focuses on the implementation of ESG concepts and promotes the green, low-carbon, and sustainable development of the industry chain through internal governance improvement and external cooperation. In the first half of 2024, the company recorded a revenue of 4,964.73 million RMB, a gross profit of 702.3 million RMB, and a loss of 1,744.52 million RMB in the period.