‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) has reported a 30.5% decline in third quarter 2016 revenue, primarily due to a major slowdown in downstream PV project construction in China since the end of June and average selling price decline as overcapacity took hold in the quarter.

GCL-SI reported unaudited third quarter revenue of around US$390 million, compared to around US$561 million in the previous quarter, a 30.5% quarter-on-quarter reduction.

Try Premium for just $1

Full premium access for the first month at only $1
Converts to an annual rate after 30 days unless cancelled
Cancel anytime during the trial period

Start $1 Trial

Premium Benefits

Expert industry analysis and interviews
Digital access to PV Tech Power journal
Exclusive event discounts

Or get the full Premium subscription right away

Get Premium Subscription

Or continue reading this article for free

Get Basic (FREE) Subscription

However, revenue for the first nine months of 2016 reached US$1.38 billion, up around 63.6% from the prior year period.

The company is also establishing a new research and development and downstream integration and distribution technology base in Fengxian, Shanghai.

GCL-SI also said it would accelerate R&D activities in heterojunction solar cell technology and next-generation module assembly automation migration.

UPCOMING EVENT

PV CellTech USA 2026

13 October 2026

San Francisco Bay Area, USA

PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 13-14 October 2026 is our fourth PV CellTech conference dedicated to solar manufacturing in the USA. From polysilicon, wafers, ingots, cells and modules, to critical component suppliers including glass and frames, the event connects every stage of the value chain under one roof. PV CellTech USA also brings together investors, innovators, manufacturers and industry stakeholders to collaborate and strengthen domestic solar manufacturing across the United States.

UPCOMING EVENT

PV CellTech Global

20 April 2027

Istanbul, Türkiye

PV Tech has been running PV CellTech Conferences since 2016. PV CellTech Global, on 20-21 April 2027, is the meeting place for everyone invested in the growth of PV manufacturing and advancement in cell technologies, which will drive us towards the installed capacity required to power the planet by 2050. This is a gathering of key stakeholders driving capital expenditure and technologies for new PV manufacturing plants across the globe to harness the opportunities the growth of PV represents out to 2050 and beyond. The conference takes place in one conference room, where all senior peers have the same shared experience of learning and unique insight, unmatched anywhere else in the solar industry events calendar.

c-si manufacturing, heterojunction solar cell, pv celltech, pv modules

Part 4: The cell technology race shaping the US PV manufacturing boom

September 3, 2026

PERC, TOPCon or HJT? In the fourth of five articles this week, Moustafa Ramadan and Joe Hennessy of PV Tech Research examine emerging technology trends in US solar cell and module manufacturing.