GCL Technology Holdings Limited (3800.HK) stock analysis

In our weekly check, GCL Technology Holdings Limited is graded D (A to F). Of 22 checks on debt, profit, cash flow and trend: 8 pass, warnings: 2, red flags: 12.

About GCL Technology Holdings Limited

GCL Technology Holdings Limited is an Energy company (Solar) based in China, listed on HKSE as 3800.HK.

What our checks show for 3800.HK

Red flags

• Operating profit does not cover the interest bill (-0.6x): interest is paid from cash or new debt.
• The net margin fell by 50 points over 5 years, to -19.9%: the company keeps less of each sale as profit.
• The gross margin fell by 23.8 points, to 9.3%: costs are rising faster than prices.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Revenue fell 26.2% a year over the last 3 years.
• Earnings per share fell 45% a year over the last 3 years.
• The company is losing money: the net margin is -19.9%.
• Free cash flow is negative (-36.3% of revenue): the business spends more cash than it brings in.
• The price swings a lot: 50% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 96% from a peak. Would you have held through that?
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect earnings per share to shrink about 11.3% a year.
• The stock is still below its previous peak.

Strengths

• Analysts expect revenue to grow about 28.1% a year over the next years.
• Analysts expect the net margin to improve by 27.6 points from today's -19.9%.
• Beta 0.68: the stock usually moves less than the market.
• Actively traded: about 244 million shares a day.

Similar companies

FSLR · NXT · ENPH

Questions

What grade does GCL Technology Holdings Limited (3800.HK) have?

In our weekly check, GCL Technology Holdings Limited is graded D (A to F). Of 22 checks on debt, profit, cash flow and trend: 8 pass, warnings: 2, red flags: 12. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 3800.HK stock?

This week's biggest flags for GCL Technology Holdings Limited: Weak interest cover, Margins falling, Gross margin falling. In total 14 of 22 checks show a warning or a red flag.

What does GCL Technology Holdings Limited do?

GCL Technology Holdings Limited is an Energy company (Solar) based in China, listed on HKSE as 3800.HK.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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