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2025 was a pivotal year for China’s “dual carbon” strategy deepening, accelerated electricity market reforms, and explosive demand for artificial intelligence computing power. GCL Energy Technology adhered to its top-level strategy of dual-driven energy assets and energy services, anchored in the direction of building a new-type power system. It achieved breakthrough progress in clean energy installations, energy service innovation, digital transformation, and computing-power synergy layout, delivering an impressive report card for high-quality development.
Data shows: In fiscal year 2025, GCL Energy Technology achieved operating revenue of 10.326 billion yuan, with net profit attributable to the parent company after deducting non-recurring gains and losses reaching 329 million yuan, up 11.82% year-on-year. In the first quarter of 2026, the company maintained strong performance, achieving another “strong start” with operating revenue of 2.306 billion yuan and net profit attributable to the parent company after deducting non-recurring gains and losses of 253 million yuan, up 31.01% year-on-year.
Dual-drive strategy solidifies foundation, showcasing the value of a full-scenario energy ecosystem
In 2025, GCL Energy Technology closely aligned with national strategic directions, deeply engaged in energy asset operations, drove energy service innovation, and advanced technology-enabled implementation, achieving simultaneous improvement in operational scale and development quality, laying a solid foundation for long-term high-quality growth.
In terms of energy services, the company focused on two major directions: energy-saving services and trading services, building a high-growth business matrix. On the energy-saving service side, with the “Xin Zero Carbon” commercial and industrial brand and the “Xin Sunshine” residential brand as core offerings, the company added 915.49 MW of distributed photovoltaic capacity connected to the grid in 2025, with a cumulative total of 1,686.32 MW. It focused on precise development in the Yangtze River Delta and Greater Bay Area, innovating the “distributed + green electricity + smart operation and maintenance” model, and exploring scenario-based solutions such as zero-carbon parks and integrated solar-storage-charging systems. On the trading service side, the company managed approximately 47 billion kWh of electricity sales, with 786 million kWh in green electricity trading and 2.003 billion kWh corresponding to green certificates. Its virtual power plant business covered multiple regions including Jiangsu, Shanghai, and Zhejiang, with a controllable load capacity of 855 MW, accounting for about 33% of the ancillary service market in Jiangsu Province. The platform managed over 28 GW of user capacity, becoming a core competitive strength in the energy service sector.
Meanwhile, the company accelerated its energy digital transformation, partnering with Ant Digital Technologies to establish a joint venture, “Ant Xin Energy,” focusing on three key scenarios: smart operation and maintenance of power stations, optimization of electricity trading strategies, and coordinated control of virtual power plants, deploying AI technology. It built an AI digital platform and an energy large model, enhancing market-based profitability through load forecasting, electricity price forecasting, and intelligent trading strategies.
Notably, GCL Energy Technology proactively laid out the “electricity + computing power” synergy track, providing computing power leasing support to companies like China Telecom. Through the CICC Carbon Neutrality Fund investment platform, it invested in technology enterprises in the fields of artificial intelligence and embodied intelligence, promoting industry-finance synergy and the integrated development of electricity and computing.
The annual report stated that the company implements a sustained and stable profit distribution policy, prioritizing reasonable returns for investors while balancing long-term, sustainable development. The profit distribution plan reviewed and approved by the board of directors is: a cash dividend of 1 yuan (including tax) per 10 shares to all shareholders, with an expected total cash dividend of 158 million yuan (including tax).
Seizing the opportunities of the era, computing-power synergy creates a benchmark for new quality productive forces
Currently, with the explosive development of artificial general intelligence (AGI) and large model technologies, computing power has become the core new quality productive force driving a new wave of technological revolution and industrial transformation. At the same time, the state has mandated that the green electricity consumption ratio for new data centers in hub nodes must not be less than 80%, making green electricity supply capability a core barrier in the computing power industry.
GCL Energy Technology stated that it will strategically upgrade to a new development pattern where “energy business and computing power business” advance in synergy. While continuing to strengthen the fundamental “energy assets + energy services” base, it will concentrate superior resources to fully deploy the computing power business, deeply focusing on the core profit model of “computing-power synergy.” It aims to build a comprehensive ecosystem characterized by “low-carbon, digital, platform-based, and intelligent” features, empowering the national “dual carbon” goals and the high-quality development of the digital economy with new quality productive forces.
GCL Energy Technology explained that this strategic upgrade is a proactive choice to align with the convergence trend of the energy revolution and digital revolution, and a key measure to address industry pain points and build a long-term moat.
Strengthening computing with electricity, the company leverages its green electricity assets in the core regions of the Yangtze River Delta and Pearl River Delta to provide intelligent computing centers with a comprehensive energy solution of “direct green electricity supply + new energy storage + virtual power plant load aggregation.” Through an integrated source-grid-load-storage-computing microgrid ecosystem, it significantly reduces AIDC electricity costs and carbon footprints, creating a core barrier for green intelligent computing.
Promoting electricity with computing, intelligent computing centers, as round-the-clock, high-stability, high-quality loads, provide an efficient consumption outlet for the company’s wind, solar, and storage assets, solving the challenge of new energy grid integration and consumption, improving asset operational efficiency, and driving scale growth in businesses such as electricity sales, green electricity trading, and virtual power plants. This forms a virtuous ecosystem of bidirectional empowerment and synergistic value creation between energy and computing.
Why can GCL Energy Technology quickly enter the “computing-power synergy” track?
Industry analysts suggest that compared to similar companies, GCL Energy Technology’s computing-power synergy possesses unique advantages: Asset advantage – it owns diversified assets including wind, solar, storage, and combined heat and power, providing stable, low-cost green electricity without relying on external power purchases; Dispatch advantage – its mature virtual power plant, energy storage, and smart dispatch platforms enable dynamic adaptation between computing loads and the power grid, generating ancillary service revenue; Scenario advantage – with years of deep engagement in industrial and commercial parks and high-energy-consuming enterprises, it holds a vast pool of high-quality load resources, enabling rapid large-scale deployment of computing-power projects.
These differentiated layouts position GCL Energy Technology at the core of the industrial chain amidst the dual waves of green computing and energy digitalization.
Focusing on four major directions to drive strategic implementation and performance growth
The annual report stated that in 2026, GCL Energy Technology has established a work policy of “deepening customer value, building platform capabilities, adapting to dynamic markets, and breaking through with computing-power synergy.” It has formulated a clear business plan centered on four major directions: improving energy asset quality, expanding energy service scale, empowering with technology platforms, and implementing computing-power synergy, translating the strategic blueprint into tangible business results.
The company will continue to refine the operation of its combined heat and power assets, control fuel costs, expand the scale of heat users, and tap into derivative demands such as energy efficiency optimization and green electricity/green certificates. In distributed photovoltaics, it will focus on high-quality customers in economically developed regions, strictly control project returns, and use assets as an entry point to expand service scenarios. At the same time, it will advance the construction of key projects under development, optimize the asset structure, consolidate the revenue base, and provide solid support for the expansion of energy services.
Focusing on load customers, the company will scale up its energy-saving and trading service businesses. Adopting a model of “acquiring customers through asset investment and adding value through light-asset services,” it will target high-energy-consuming industries such as steel and chemicals, establish deep cooperation through energy management, and launch a “1+N” comprehensive service solution, integrating electricity sales, virtual power plants, and carbon neutrality services. It will create standardized full-trusteeship services for distributed energy, expand customer bases on both the power supply side and the owner side with light assets, and drive the flywheel effect of performance growth through dual drivers of customer scale and per-customer value.
Strengthening technology empowerment to build platform-based core competitiveness. The company will accelerate the construction of core platforms for new energy operation management, load forecasting, electricity trading, and virtual power plant dispatch, supporting source-grid-load-storage synergy and agile market responsiveness. It will continue to advance the integration of AI technology, deeply develop virtual power plant + AI large models and algorithm models, improve the accuracy of electricity price forecasting, trading strategies, and load dispatch, and drive business scale expansion with technological capabilities, building differentiated industry barriers.
Taking “computing-power synergy” as a strategic breakthrough, the company will accelerate intelligent computing investment and ecosystem collaboration. In 2026, the company will deepen strategic cooperation with leading AI companies and technology ecosystem partners. Leveraging its core capabilities of “direct green electricity supply + virtual power plant optimization,” and drawing on the top-tier technologies of ecosystem partners in high-end computing hardware, large model algorithms, and intelligent computing operations, it will jointly advance the construction of AIDC intelligent computing nodes in core economic belts such as the Yangtze River Delta and Pearl River Delta. Under this model, it will rapidly achieve the perfect physical coupling of “low-cost green electricity” and “high-efficiency computing power,” creating an industry-leading benchmark for green intelligent computing.