GCL Ranks Second on Global Top 500 New Energy Enterprises List

SUZHOU, China, Dec. 14, 2016 /PRNewswire/ -- Golden Concord Holdings Limited (GCL), the parent company of GCL System Integration Technology, was recently ranked second in this year's Global Top 500 New Energy Enterprises, fending off competition from industry heavyweights such as GE and Panasonic.

Now in its sixth year, the "Global Top 500 New Energy Enterprises" Award is determined under supervision of the National Energy Administration of China and English language Chinese newspaper, People's Daily. Following international standards, the award examines new energy enterprises worldwide on their financial performance the previous year, and publishes a Top 500 list annually.

This year GCL outperformed its global competitors with 30% market share of the world's high-efficiency photovoltaic materials. The company in the past few years has achieved fast growth and largely increased its global revenue. Starting with thermal power in 1990, GCL has expanded its scope to a full range of green and clean energy covering PV, oil, natural gas, and energy finance over the past three decades.

With the vision of "bringing green power to life", the company exploits its innovation capability to boost PV productivity, and therefore offers cost-effective solar power solutions around the globe. GCL's subsidiary GCL-SI, for instance, recently teamed up with Thai energy company Enmax in a 10MW photovoltaic ground power station project in Thailand to provide one-stop solar services.

Commenting on the ranking, and the company's broader aims, GCL chairman Zhu Gongshan said, "It has been the company's vision and mission to bring economical green power to every household. Thus, GCL has placed significant emphasis on R&D, ever since its establishment, to enhance PV efficiency and cut conversion cost."

Known as the "King of Electricity" by Chinese media, Zhu was also named Global New Energy Businessperson of the Year. According to the Award Committee, GCL, under Zhu's management, has grown to be a global leader in PV manufacturing, which has driven the industry to reduce costs by 90%.

About GCL-SI

GCL System Integration Technology Co., Ltd. (002506 Shenzhen Stock) (GCL-SI), is part of the GOLDEN CONCORD Holdings Limited (GCL), an international energy company specializing in clean and sustainable power production, founded in 1990. With global assets worth nearly USD16 billion, GCL achieved module shipment output of over 2GW in 2015, and supplies 29% of the total wafer capacity yield worldwide, representing a 22.2% silicon market share.

About GCL

Golden Concord Holdings Limited ("GCL") is an integrated energy group that specializes in clean, efficient and new energy. Since its foundation, GCL has committed itself to "Bringing Green Power to Life" by providing supreme energy and delivering first-rate services.

With a total asset value of almost RMB 130 billion, GCL owns holding shares in five listed companies, including GCL-Poly Energy Holdings Ltd. (3800.HK), GCL New Energy Holdings Ltd. (0451.HK), and GCL System Integration Technology Co., Ltd. (002506.SZ), and is the Co-Chairman Member of Global Solar Council, Chief Chairman Member of the Asian Photovoltaic Industry Association.

GCL System

CONTACT: Joyce Gu, +86-13812020516, gubingxin@gclsi.com

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