Announcement • Apr 30
GCL New Energy Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 133.35 million. GCL New Energy Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 133.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 127,000,000
Price\Range: HKD 1.05
Transaction Features: Subsequent Direct Listing Announcement • Apr 29
GCL New Energy Holdings Limited, Annual General Meeting, May 22, 2026 GCL New Energy Holdings Limited, Annual General Meeting, May 22, 2026, at 11:00 China Standard Time. Location: room 3302, 33/f, west tower, shun tak centre, 200 connaught road central, Hong Kong Announcement • Apr 22
GCL New Energy Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 133.35 million. GCL New Energy Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 133.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 127,000,000
Price\Range: HKD 1.05
Transaction Features: Subsequent Direct Listing Reported Earnings • Apr 01
Full year 2025 earnings released: CN¥0.88 loss per share (vs CN¥0.32 loss in FY 2024) Full year 2025 results: CN¥0.88 loss per share (further deteriorated from CN¥0.32 loss in FY 2024). Revenue: CN¥1.06b (down 4.1% from FY 2024). Net loss: CN¥1.34b (loss widened 216% from FY 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Mar 18
GCL New Energy Holdings Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 GCL New Energy Holdings Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 Announcement • Jan 08
GCL New Energy Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 192.6545 million. GCL New Energy Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 192.6545 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 186,500,000
Price\Range: HKD 1.033
Transaction Features: Subsequent Direct Listing New Risk • Oct 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 02
First half 2025 earnings released: CN¥0.23 loss per share (vs CN¥0.14 loss in 1H 2024) First half 2025 results: CN¥0.23 loss per share (further deteriorated from CN¥0.14 loss in 1H 2024). Revenue: CN¥654.1m (up 32% from 1H 2024). Net loss: CN¥348.4m (loss widened 100% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
First half 2025 earnings released: CN¥0.23 loss per share (vs CN¥0.14 loss in 1H 2024) First half 2025 results: CN¥0.23 loss per share (further deteriorated from CN¥0.14 loss in 1H 2024). Revenue: CN¥654.1m (up 32% from 1H 2024). Net loss: CN¥348.4m (loss widened 100% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Aug 15
GCL New Energy Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 GCL New Energy Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Apr 28
GCL New Energy Holdings Limited, Annual General Meeting, May 22, 2025 GCL New Energy Holdings Limited, Annual General Meeting, May 22, 2025, at 11:00 China Standard Time. Location: 21st floor, grand millennium plaza, 181 queens road, central, sheung wan, Hong Kong New Risk • Apr 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$559.6m market cap, or US$72.1m). Announcement • Mar 28
GCL New Energy Holdings Limited announced that it expects to receive HKD 99.6 million in funding GCL New Energy Holdings Limited announced a private placement of 1,200,000,000 common shares at a price of HKD 0.083 for gross proceeds of HKD 99,600,000 on March 26, 2025. The transaction is subject to the approval of the shareholders by way of an ordinary resolution at the forthcoming annual general meeting of the company, which is expected to be held in May 2025. Reported Earnings • Mar 27
Full year 2024 earnings released: CN¥0.32 loss per share (vs CN¥1.00 loss in FY 2023) Full year 2024 results: CN¥0.32 loss per share (improved from CN¥1.00 loss in FY 2023). Revenue: CN¥1.11b (up 33% from FY 2023). Net loss: CN¥424.0m (loss narrowed 64% from FY 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Mar 23
GCL New Energy Holdings Limited (SEHK:451) completed the acquisition of Harmonic Century Global Limited from Jiangsu GCL Energy Ltd. GCL New Energy Holdings Limited (SEHK:451) entered into the Sale and Purchase Agreement to acquire Harmonic Century Global Limited from Jiangsu GCL Energy Ltd. for approximately CNY 330 million on January 9, 2025. CNY 200 million to be settled by way of cash, CNY 65 million to be settled by way of allotment and issue of Consideration Shares and CNY 60 million to be settled by way of issuance of Convertible Bonds. Completion is subject to and conditional upon the satisfaction or waiver (if applicable) of : the approval by the Independent Shareholders at the SGM, the granting of the approval for the listing of, and permission to deal in the Consideration Shares and the Conversion Shares by the Listing Committee of the Stock Exchange, the Seller having obtained all necessary authorization, consent and approval for the Acquisition and other transactions contemplated under the Sale and Purchase Agreement from the applicable regulatory body, the Purchaser having completed its due diligence on the Target Group, the Target Group having obtained or made all necessary consents, waivers, licenses, registrations, declarations, or filings required. GCL Petroleum (as guarantor) having been released from a guarantee provided in favor of LSCCB (as guarantee) for a term loan in the outstanding principal amount of approximately CNY 550 million advanced by LSCCB (as lender) to the southwest branch of Golden Concord Group Limited (PRC) (as borrower) before the Completion. Completion shall take place on the fifth Business Day (or any other date as the Purchaser and the Seller may agree in writing) after all Conditions Precedent have been fulfilled (or waived, where applicable) in accordance with the Sale and Purchase Agreement. As of February 18, 2025, GCL New Energy Holdings Limited shareholders approved the deal. Octal Capital Limited acted as financial advisor for GCL New Energy Holdings Limited. Messis Capital Limited acted as financial advisor to the Independent Board Committee and the Independent Shareholders.
GCL New Energy Holdings Limited (SEHK:451) completed the acquisition of Harmonic Century Global Limited from Jiangsu GCL Energy Ltd. on March 21, 2025. Announcement • Mar 14
GCL New Energy Holdings Limited to Report Q4, 2024 Results on Mar 26, 2025 GCL New Energy Holdings Limited announced that they will report Q4, 2024 results on Mar 26, 2025 Reported Earnings • Aug 26
First half 2024 earnings released: CN¥0.14 loss per share (vs CN¥0.18 loss in 1H 2023) First half 2024 results: CN¥0.14 loss per share (improved from CN¥0.18 loss in 1H 2023). Revenue: CN¥496.5m (up 17% from 1H 2023). Net loss: CN¥174.5m (loss narrowed 19% from 1H 2023). New Risk • Aug 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥123m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥123m free cash flow). Earnings have declined by 33% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$469.3m market cap, or US$60.2m). Announcement • Aug 14
GCL New Energy Holdings Limited to Report Q2, 2024 Results on Aug 23, 2024 GCL New Energy Holdings Limited announced that they will report Q2, 2024 results on Aug 23, 2024 New Risk • May 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 46% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$602.4m market cap, or US$77.2m). Announcement • Apr 24
GCL New Energy Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 60.70666 million. GCL New Energy Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 60.70666 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 233,487,154
Price\Range: HKD 0.26
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 26
Full year 2023 earnings released: CN¥1.00 loss per share (vs CN¥1.36 loss in FY 2022) Full year 2023 results: CN¥1.00 loss per share (improved from CN¥1.36 loss in FY 2022). Revenue: CN¥831.5m (down 11% from FY 2022). Net loss: CN¥1.17b (loss narrowed 22% from FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Announcement • Mar 15
GCL New Energy Holdings Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 GCL New Energy Holdings Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 Announcement • Oct 29
GCL New Energy Holdings Limited Announces Board Changes GCL New Energy Holdings Limited announces that, Mr. Gu Zengcai has been appointed as an executive Director and a member of each of the corporate governance committee and the risk assessment committee of the Company with effect from 27 October 2023. Mr. Gu, aged 60, is currently the vice president of Golden Concord Group Limited controlled by a discretionary trust of which Mr. Zhu Gongshan and his family and the general manager of its property rights management centre. Mr. Gu is also an executive director of Shanghai Hengfu Sanchuan Equity Investment Co. Ltd., a non-executive director of ArtGo Holdings Limited and an independent director of Shenzhen Jianyi Decoration Group Co. Ltd. Mr. Gu worked for the finance division of Printing and Dyeing Mill of Yancheng City, Jiangsu from July 1982 to September 1993 in the capacities of deputy chief in charge and the chief in charge. He also worked as a director of the audit department and vice manager of the finance department at Zhuhai Port Co. Ltd. from October 1993 to August 1994. From September 1994 to April 2002, Mr. Gu served as an executive deputy director of Zhuhai Huayin City Credit Cooperatives, and president of the branch of China Resources Bank of Zhuhai Co. Ltd., the general manager of the capital planning department and of the finance department, the office director of the policy research centre and the general manager of the credit department of the main office of the CR Bank. From May 2002 to August 2012, Mr. Gu was the chief accountant and deputy general manager of Zhuhai Jiuzhou Holdings Group Co. Ltd. Mr. Gu was also an executive director of the Zhuhai Holdings Investment Group Limited from October 2003 to August 2012 and the deputy chairman of the board of directors in the same company from August 2006 to August 2012. From June 2021 to May 2023, Mr. Gu was an independent director of GCL System Integration Technology Co. Ltd. Mr. Gu graduated from the profession of industrial accounting school of Jiangsu Radio and TV University in 1986. Mr. Gu obtained the certificate of the accountant and auditor in the year of 1992 and the certificate of Chinese Public Accountant in 1993. Ms. Hu Xiaoyan ("Ms. Hu") has resigned as an executive director and a member of each of the Corporate Governance Committee and the Risk Assessment Committee of the Company with effect from 27 October 2023 as she would like to devote more time to her personal career development. Announcement • Sep 18
GCL New Energy Holdings Limited(SEHK:451) dropped from S&P Global BMI Index GCL New Energy Holdings Limited(SEHK:451) dropped from S&P Global BMI Index New Risk • Sep 18
New major risk - Revenue and earnings growth Earnings have declined by 56% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$560.4m market cap, or US$71.7m). Reported Earnings • Aug 31
First half 2023 earnings released: CN¥0.18 loss per share (vs CN¥0.49 loss in 1H 2022) First half 2023 results: CN¥0.18 loss per share (improved from CN¥0.49 loss in 1H 2022). Revenue: CN¥422.8m (down 24% from 1H 2022). Net loss: CN¥216.1m (loss narrowed 58% from 1H 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 67% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (CN¥137m net loss next year). Market cap is less than US$100m (HK$583.7m market cap, or US$74.4m). Announcement • Aug 16
GCL New Energy Holdings Limited to Report First Half, 2023 Results on Aug 29, 2023 GCL New Energy Holdings Limited announced that they will report first half, 2023 results on Aug 29, 2023 Breakeven Date Change • May 23
No longer forecast to breakeven The analyst covering GCL New Energy Holdings no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of CN¥74.1m in 2023. New forecast suggests the company will make a loss of CN¥92.0m in 2024. Reported Earnings • Mar 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: CN¥1.36 loss per share (further deteriorated from CN¥0.76 loss in FY 2021). Revenue: CN¥929.1m (down 67% from FY 2021). Net loss: CN¥1.49b (loss widened 89% from FY 2021). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 151%. Revenue is expected to decline by 3.3% p.a. on average during the next 2 years, while revenues in the Renewable Energy industry in Hong Kong are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Xianhe Cai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
First half 2022 earnings released: CN¥0.024 loss per share (vs CN¥0.003 profit in 1H 2021) First half 2022 results: CN¥0.024 loss per share (down from CN¥0.003 profit in 1H 2021). Revenue: CN¥558.0m (down 71% from 1H 2021). Net loss: CN¥513.8m (down CN¥566.6m from profit in 1H 2021). Over the next year, revenue is expected to shrink by 52% compared to a 5.8% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 28
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: CN¥0.038 loss per share (up from CN¥0.072 loss in FY 2020). Revenue: CN¥2.84b (down 43% from FY 2020). Net loss: CN¥790.3m (loss narrowed 42% from FY 2020). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 74% compared to a 6.1% growth forecast for the industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Ying Chen was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 29
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: CN¥0.038 loss per share (up from CN¥0.072 loss in FY 2020). Revenue: CN¥2.84b (down 42% from FY 2020). Net loss: CN¥790.3m (loss narrowed 42% from FY 2020). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 40% compared to a 6.8% growth forecast for the industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Jan 24
GCL New Energy Holdings Limited Provides Preliminary Consolidated Earnings Guidance for the Year Ended December 31, 2021 GCL New Energy Holdings Limited provided preliminary consolidated earnings guidance for the year ended December 31, 2021. For the year, the company expects net loss will decrease by more than 50% as compared to the net loss of approximately RMB 1,218 million for the year ended 31 December 2020. The substantive decrease in net loss was mainly attributable to (i) a decrease in one- off impairment losses for the solar power plants and certain receivables recorded in 2020 and (ii) a decrease in finance costs as a result of repayment of debts. However, the decrease in net loss was partly offset by scaling down of their solar power plants business. In order to reduce their financial risks, the Group adopted an asset-light business model by disposing certain solar power plants assets. During 2021, the Group entered into agreements to dispose solar power plants with a total capacity of approximately 2.9GW. Together with the disposal agreements that were entered into in the preceding financial year, a total of approximately 4GW of solar power plants disposal was completed during FY2021. As a result of the disposals, the aggregate installed capacity decreased from approximately 5 GW as at 31 December 2020 to approximately 1 GW as at 31 December 2021, which has affected the Group's overall profitability deriving from the solar power plants operations. Reported Earnings • Sep 01
First half 2021 earnings released: EPS CN¥0.003 (vs CN¥0.002 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CN¥1.92b (down 30% from 1H 2020). Net income: CN¥52.8m (up 25% from 1H 2020). Profit margin: 2.8% (up from 1.5% in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 01
Independent Non-Executive Director has left the company On the 22nd of May, Bohua Wang's tenure as Independent Non-Executive Director ended after 7.0 years in the role. We don't have any record of a personal shareholding under Bohua's name. A total of 4 executives have left over the last 12 months. Reported Earnings • Apr 24
Full year 2020 earnings released: CN¥0.072 loss per share (vs CN¥0.015 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥4.94b (down 19% from FY 2019). Net loss: CN¥1.37b (down CN¥1.66b from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 02
Full year 2020 earnings released: CN¥0.072 loss per share (vs CN¥0.015 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥4.94b (down 19% from FY 2019). Net loss: CN¥1.37b (down CN¥1.66b from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Mar 16
GCL New Energy Holdings Limited to Report Fiscal Year 2020 Results on Mar 29, 2021 GCL New Energy Holdings Limited announced that they will report fiscal year 2020 results on Mar 29, 2021 Executive Departure • Mar 03
Non-Executive Director has left the company On the 1st of March, Deyong He's tenure as Non-Executive Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Deyong's name. A total of 2 executives have left over the last 12 months. Announcement • Feb 27
GCL New Energy Holdings Limited Announces Board Changes with Effect from 1 March 2021 The board of directors of GCL New Energy Holdings Limited announced that (i) Mr. He Deyong resigned as a non-executive Director with effect from 1 March 2021 due to change in work arrangement; and Mr. Fang Jiancai has been appointed as a non-executive Director with effect from 1 March 2021. Mr. Fang Jiancai served as deputy general manager and chief financial officer of GCL System Integration Technology Co. Ltd. since February 2021. Is New 90 Day High Low • Feb 08
New 90-day high: HK$0.50 The company is up 288% from its price of HK$0.13 on 10 November 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 22
New 90-day high: HK$0.36 The company is up 187% from its price of HK$0.13 on 23 October 2020. The Hong Kong market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.52 per share. Is New 90 Day High Low • Dec 23
New 90-day high: HK$0.29 The company is up 148% from its price of HK$0.12 on 24 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.50 per share. Is New 90 Day High Low • Dec 07
New 90-day high: HK$0.23 The company is up 69% from its price of HK$0.14 on 08 September 2020. The Hong Kong market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.29 per share. Announcement • Dec 06
GCL New Energy Holdings Limited Announces Management Changes, Effective December 7, 2020 GCL New Energy Holdings Limited announced that the board of directors of the company has announced that Mr. Mo Jicai has tendered his resignation as an executive Director; the President; and a member for each of the corporate governance committee, the strategic planning committee and the investment committee of the Company with effect from 7 December 2020 due to changes in his personal career development. Mr. Mo has confirmed that there is no disagreement with the Board and that there is no matter relating to his Resignation that needs to be brought to the attention of the shareholders of the Company. The Board further announces that following the Resignation of Mr. Mo, Mr. Liu Genyu will be appointed as an executive Director and vice chairman of the Company with effect from 7 December 2020. Mr. Liu is currently the vice chairman of the board of directors and an executive director of China Nuclear Energy Technology Corporation Limited (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and an independent non-executive director of China Boqi Environmental (Holding) Co. Ltd. Mr. Zhu Yufeng, the executive Director and Chairman of the Board will take up the role of the President with effect from 7 December 2020. Announcement • Aug 15
GCL New Energy Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 GCL New Energy Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020 
