GCL Energy Technology H1 2026 Revenue Down 9.82%, Net Profit Up 5.53%
GCL Energy Technology reported H1 2026 revenue of RMB 4.89 billion, down 9.82% year on year, while net profit attributable to shareholders rose 5.53% to RMB 548 million. Basic earnings per share stood at RMB 0.3465. The company cited stronger profitability in its energy storage and electricity sales businesses.
GCL Energy Technology has released its interim report for the first half of 2026. During the reporting period, the company achieved operating revenue of RMB 4.89 billion, a year-on-year decrease of 9.82%. Net profit attributable to shareholders of the listed company reached RMB 548 million, up 5.53% year on year. Basic earnings per share stood at RMB 0.3465.
The report shows that in its energy services business, the company's energy storage power station operations saw improved profitability, with expanded frequency regulation services contributing additional operating income. The electricity sales business continued to expand, with profit contributions significantly higher than in the same period of 2025, becoming a new growth driver for the energy services segment. In electricity and heat sales, the company's existing cogeneration and other power plants reported improved performance compared with the same period last year.