Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

GCL-Poly Narrows Loss in 2013 as Better Demand Boosts Prices

March 14 (Bloomberg) -- GCL-Poly Energy Holdings Ltd., the world’s biggest maker of polysilicon, narrowed its loss last year more than expected as demand picked up and prices rose in the fourth quarter.

Net loss was HK$664.3 million ($86 million), or 4.29 cents a share, compared with HK$3.52 billion, or 22.7 cents, in 2012, GCL-Poly said yesterday in a filing to the Hong Kong stock exchange. The mean estimate of seven analysts compiled by Bloomberg was for a HK$1.03 billion loss. Sales increased to HK$25.5 billion from HK$22.3 billion.

“As global economy has improved, demand pick up and over-supply situation of solar products eased,” the company said in the statement. “We believe global PV market will perform better in 2014.”

Large solar manufacturers including Trina Solar Ltd., China’s second-biggest panel maker, and JinkoSolar Holding Co. returned to quarterly profit last year as orders increased. The average spot price of polysilicon, the raw material for most solar panels, has risen 18 percent since the end of September while wafer prices are up 9.3 percent, according to data compiled by Bloomberg.

GCL-Poly agreed to supply about 9.3 gigawatts of wafers and polysilicon to four companies including Jinko and Hareon Solar Technology Co., it said on March 10.

The Hong Kong-listed company said yesterday it developed 270 megawatts of solar farms in China last year.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at +86-10-6649-7528 or

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at +86-10-6649-7528 or

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at

To contact the editors responsible for this story: Reed Landberg at Iain Wilson, Joshua Fellman

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.