Home Business & Finance GCL-Poly Energy Holdings Limited :Business Performance for First Quarter of 2016
GCL-Poly Energy Holdings Limited :Business Performance for First Quarter of 2016

GCL-Poly Energy Holdings Limited :Business Performance for First Quarter of 2016

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This announcement is made by GCL-Poly Energy Holdings Limited (the “Company”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). The board of directors (the “Board”) of the Company is pleased to announce that according to the preliminary statistics, the operating performance of the solar business (polysilicon and wafer) of the Company and its subsidiaries (collectively the “Group”) for the first quarter of 2016 was as follows: Polysilicon Business The Group’s polysilicon production volume for the first quarter of 2016 was approximately 18,250 MT, representing an increase of approximately 2.5% compared with 17,800 MT over the first quarter of 2015. The Group sold externally 3,348 MT of polysilicon during the first quarter of 2016, representing an increase of approximately 16.8% compared with 2,866 MT over the first quarter of 2015. The average selling price (exclusive of tax) of polysilicon was US$13.96 per kg for the first quarter of 2016 (1st quarter of 2015: US$19.14 per kg). The Group’s annual polysilicon production capacity maintained at 70,000 MT at the end of the first quarter of 2016.

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Anand Gupta Editor - EQ Int'l Media Network

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