GCL Energy Technology Co Ltd

On August 26, the A-share market fluctuated lower in the afternoon. The Shanghai Composite Index rose 0.59 percent to 3,912.52 points, the Shenzhen Component Index rose 0.69 percent to 13,841.33 points, the ChiNext Index rose 0.51 percent to 3,414.88 points, and the Beijing Stock Exchange 50 Index rose 0.45 percent to 1,067.97 points. Total turnover across the three exchanges reached 1.8218 trillion yuan, down 22.4 billion yuan from the previous session. In the afternoon, the power sector strengthened. Lixil New Energy surged in a straight line and hit the daily limit up within one minute, closing at 13.52 yuan per share with a total market value of 12.619 billion yuan. Earlier, Xinzhonggang and Chenzhou Electric Power International had already hit their daily limit up, while Huadian Liaoning Energy and GCL Energy rose in tandem. On the news front, the 2026 Green Computing and Artificial Intelligence Conference opened in Hohhot on August 22. Data showed that in 2025, electricity consumption by China's computing facilities reached 170 billion kilowatt-hours, up about 30 percent year on year. The National Energy Administration expects that during the 15th Five-Year Plan period, national computing electricity consumption will increase by an average of more than 100 billion kilowatt-hours per year. Lixil New Energy mainly operates wind power and photovoltaic power generation. In the first half of the year, its operating revenue was 644 million yuan, up 29.75 percent year on year, and net profit was 73.0239 million yuan, up 715.75 percent year on year. The profit growth was mainly driven by the grid connection and operation of the Xinjiang power transmission project by an associated company and an increase in new energy subsidy payments received.

GCL Energy hit limit up at the opening on August 24 after signing a green computing-power coordination project, with its latest share price at 15.57 yuan and total market value exceeding 25 billion yuan. On the news front, the 2026 Green Computing Power and Artificial Intelligence Conference opened in Hohhot on August 22, where GCL Energy, Volcano Engine, China Telecom, and three other companies signed agreements with the Ulanqab municipal government to cooperate on artificial intelligence data centers, green energy supply, and computing-power coordination. In addition, China's proposal for the Technical Specification for Data Center Microgrid Monitoring and Energy Management Systems was recently approved for development, becoming the world's first IEC international standard focused on data center computing-power coordination. GCL Energy's 2025 annual report shows total operating revenue of 10.326 billion yuan and net profit attributable to the parent of 404 million yuan, down 17.35 percent year on year.

GCL Energy has newly established Suzhou GCL Token Technology Company. The company's legal representative is Fei Zhi, with a registered capital of 50 million yuan. Its business scope includes cloud computing equipment technical services, artificial intelligence basic software development, artificial intelligence application software development, and artificial intelligence public data platforms. The equity structure shows that the company is jointly held by Wuxi GCL Yuanji Technology Company and Suzhou GCL Xinyuan Technology Company, both under GCL Energy.