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GCL Poly saw soaring increase of over 82% after resumed trading

Chinese solar silicon maker GCL Poly Energy Holding Limited officially resumed trading today on Hong Kong Exchanges and Clearing Limited (HKEX) after seven-months suspension. Today the price opened 71.72% higher, reached HKD 3.4 dollars. As of 10:30 this morning, the price was HKD 3.29 dollars, an increase of 66.16%; during the period, the stock price hit HKD 3.62 dollars, an increase of 82.83%.

The company announced its 2021 interim financial report last week, which indicated that as of June 30, 2021, the company achieved operating income of RMB 8.779 billion yuan, an increase of 22.3% year-on-year; net profit attributable to shareholders of listed companies was RMB 2.407 billion yuan.

GCL-Poly has issued an announcement on the HKEX on October 29, stating that the company has met all the conditions set out in the resumption guidelines, and the stock will resume trading on November 1.


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