GCDT on NYSE
Green Circle Decarbonize Technology Ltd
Green Circle Decarbonize Technology Ltd is an air-cond and warm air heatg equip and comm and indl refrig equip company.1 It is headquartered in Hong Kong, Hong Kong.1 Its shares trade on NYSE under the symbol GCDT.1
Price unavailable
Last updated Oct 20, 2026.
Overview
- TickerGCDT on NYSE1
- IndustryAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip1
- HeadquartersHong Kong, Hong Kong1
- Incorporated inCayman Islands2
- Business addressFlat 1809, Prosperity Place, 6 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong, K3 0002
- Filer categoryNon-accelerated filer, Emerging growth company2
- Legal formCorporation
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50% to 70% of the running cost (depending on the local electricity tariff) when compared with conventional central air conditioning systems.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Energy saving services income [member] brought in 59% of the revenue Green Circle Decarbonize Technology Ltd broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Energy saving services income [member] | 5.2M HKD | 5.1M HKD | 7.9M HKD |
| Construction Income [member] | 8.5M HKD | 5.4M HKD |
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Revenue | 25.1M HKD | 16.6M HKD | 5.2M HKD |
| Cost of revenue | -20.7M HKD | -12.8M HKD | -3.8M HKD |
| Gross profit | 4.3M HKD | 3.8M HKD | 1.4M HKD |
| Administrative expenses | -11.2M HKD | -7.7M HKD | -7.1M HKD |
| Operating loss | -6.8M HKD | -3.9M HKD | -5.7M HKD |
| Finance costs | -576.4K HKD | -2.4M HKD | -2.5M HKD |
| Other incomes / (losses) | -5.7M HKD | 379.7K HKD | 247.2K HKD |
| Loss before tax | -13.1M HKD | -6.0M HKD | -7.9M HKD |
| Loss and comprehensive loss for the year | -13.1M HKD | -6.0M HKD | -7.9M HKD |
| Loss per share - Basic | -1.24 HKD | -0.60 HKD | -0.86 HKD |
| Loss per share - Diluted | -1.24 HKD | -0.60 HKD | -0.86 HKD |
| Weighted Average number of common shares - Basic | 10.6M shares | 10.0M shares | 9.2M shares |
| Weighted Average number of common shares - Diluted | 10.6M shares | 10.0M shares | 9.2M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalent | 36.3M HKD | 1.4M HKD | 258.3K HKD | 376.7K HKD |
| Prepayments and deposits | 833.1K HKD | 2.3M HKD | ||
| Trade and other receivables | 5.4M HKD | 1.6M HKD | ||
| Contract fulfilment costs | 324.5K HKD | 662.9K HKD | ||
| Deferred listing expenses | 1.5M HKD | |||
| Total current assets | 42.9M HKD | 7.5M HKD | ||
| Property, plant and equipment | 20.8M HKD | 14.5M HKD | 18.0M HKD | |
| Right-of-use assets | 572.7K HKD | 169.5K HKD | 395.5K HKD | |
| Rental deposit | 63.1K HKD | |||
| Prepayment | 694.0K HKD | 2.4M HKD | ||
| Total non-current assets | 22.2M HKD | 17.0M HKD | ||
| Total assets | 65.1M HKD | 24.5M HKD | ||
| Trade and other payables | 2.4M HKD | 9.9M HKD | ||
| Contract liabilities | 4.7M HKD | |||
| Lease liabilities | 194.5K HKD | 169.6K HKD | ||
| Amount due to a shareholder | 189.9K HKD | 689.9K HKD | ||
| Amounts due to directors | 392.3K HKD | 821.2K HKD | ||
| Bank and other borrowings | 7.0M HKD | 29.2M HKD | ||
| Total current liabilities | 10.2M HKD | 45.5M HKD | ||
| Lease liabilities | 368.6K HKD | |||
| Total liabilities | 10.5M HKD | 45.5M HKD | ||
| Share capital | 100.4K HKD | 78.0K HKD | ||
| Share premium | 92.4M HKD | 5.0M HKD | ||
| Other reserve | 12.5M HKD | 11.2M HKD | ||
| Accumulated deficit | -50.5M HKD | -37.4M HKD | ||
| Total Shareholders equity (deficit) | 54.5M HKD | -21.0M HKD | -16.2M HKD | -13.3M HKD |
| Total liabilities and shareholders equity/deficit | 65.1M HKD | 24.5M HKD |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalent | 36.3M HKD | 1.4M HKD | 258.3K HKD | 376.7K HKD |
| Prepayments and deposits | 833.1K HKD | 2.3M HKD | ||
| Trade and other receivables | 5.4M HKD | 1.6M HKD | ||
| Contract fulfilment costs | 324.5K HKD | 662.9K HKD | ||
| Deferred listing expenses | 1.5M HKD | |||
| Total current assets | 42.9M HKD | 7.5M HKD | ||
| Property, plant and equipment | 20.8M HKD | 14.5M HKD | 18.0M HKD | |
| Right-of-use assets | 572.7K HKD | 169.5K HKD | 395.5K HKD | |
| Rental deposit | 63.1K HKD | |||
| Prepayment | 694.0K HKD | 2.4M HKD | ||
| Total non-current assets | 22.2M HKD | 17.0M HKD | ||
| Total assets | 65.1M HKD | 24.5M HKD | ||
| Trade and other payables | 2.4M HKD | 9.9M HKD | ||
| Contract liabilities | 4.7M HKD | |||
| Lease liabilities | 194.5K HKD | 169.6K HKD | ||
| Amount due to a shareholder | 189.9K HKD | 689.9K HKD | ||
| Amounts due to directors | 392.3K HKD | 821.2K HKD | ||
| Bank and other borrowings | 7.0M HKD | 29.2M HKD | ||
| Total current liabilities | 10.2M HKD | 45.5M HKD | ||
| Lease liabilities | 368.6K HKD | |||
| Total liabilities | 10.5M HKD | 45.5M HKD | ||
| Share capital | 100.4K HKD | 78.0K HKD | ||
| Share premium | 92.4M HKD | 5.0M HKD | ||
| Other reserve | 12.5M HKD | 11.2M HKD | ||
| Accumulated deficit | -50.5M HKD | -37.4M HKD | ||
| Total Shareholders equity (deficit) | 54.5M HKD | -21.0M HKD | -16.2M HKD | -13.3M HKD |
| Total liabilities and shareholders equity/deficit | 65.1M HKD | 24.5M HKD |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net loss | -13.1M HKD | -6.0M HKD | -7.9M HKD |
| Depreciation of property, plant and equipment | 3.5M HKD | 3.5M HKD | 3.6M HKD |
| Depreciation of right-of-use assets | 221.6K HKD | 226.0K HKD | 426.7K HKD |
| Modification/ Addition of ROU Assets | -11.8K HKD | ||
| Gain on early termination of lease | -14.9K HKD | ||
| Imputed interest income | -4.2K HKD | -5.7K HKD | |
| Interest expense on borrowings | 566.6K HKD | 2.4M HKD | 2.5M HKD |
| Interest expense on lease liabilities | 9.8K HKD | 16.6K HKD | 58.2K HKD |
| Forgiveness of trade payables and accrued expense | -132.3K HKD | -226.0K HKD | |
| Waive of interest payables on other loans | -6.5M HKD | ||
| Loss from extinguishment liability with equity | 12.4M HKD | ||
| Forgiveness of directors remuneration | 1.2M HKD | ||
| Bad debts | 481.3K HKD | ||
| Consulting fee paid in shares | 390.0K HKD | 390.0K HKD | 86.0K HKD |
| Operating cash flows before movements in working capital | -2.6M HKD | 2.2M HKD | -1.6M HKD |
| Decrease (increase) in prepayments and deposits | 190.7K HKD | -592.5K HKD | -1.7K HKD |
| (Increase) decrease in trade and other receivables | -3.8M HKD | -1.0M HKD | 45.7K HKD |
| Decrease (increase) in contract fulfilment costs | 338.4K HKD | -662.9K HKD | |
| (Decrease) increase in trade and other payables | -5.0M HKD | 441.0K HKD | 2.9M HKD |
| (Decrease) increase in contract liabilities | -4.7M HKD | 4.7M HKD | |
| NET CASH (USED IN) GENERATE FROM OPERATING ACTIVITIES | -15.5M HKD | 5.0M HKD | 1.4M HKD |
| Payment of property, plant and equipment | -8.6M HKD | -1.3M HKD | |
| Capital raised from initial public offering and exercise of overallotment options | 77.5M HKD | ||
| Payment of share issue costs | -6.1M HKD | ||
| Borrowing raised | 5.2M HKD | ||
| Payment of loans from directors | -428.9K HKD | -729.3K HKD | -259.0K HKD |
| Proceed for loan from directors | 843.6K HKD | 2.4M HKD | |
| Principal repayments of borrowings | -15.1M HKD | -564.3K HKD | -580.7K HKD |
| Repayment to shareholders | -500.0K HKD | ||
| Interest paid on borrowings and overdraft | -1.3M HKD | -2.0M HKD | -2.6M HKD |
| Interest paid on lease liabilities | -9.8K HKD | -16.6K HKD | -58.2K HKD |
| Repayment of lease liabilities | -219.4K HKD | -215.0K HKD | -389.4K HKD |
| NET CASH GENERATED FROM (USED IN) FINANCING ACTIVITIES | 59.0M HKD | -2.6M HKD | -1.5M HKD |
| NET INCREASE (DECREASE) IN CASH | 34.9M HKD | 1.1M HKD | -118.4K HKD |
No quarter-by-quarter statement was filed.
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Corporate structure
Green Circle Decarbonize Technology Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Green Circle Decarbonize Technology Ltd
- Kam Biu Richard Chan Filed SCHEDULE 13G on Green Circle Decarbonize Technology Ltd, latest May 5, 2026
- Green Circle Decarbonize Technology Ltd Hong Kong, Hong Kong
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
Leadership
Who has led Green Circle Decarbonize Technology Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerKam Biu Richard Chan Mar 18, 2026 to now5
- Chief financial officerTai Yan Lai Mar 20, 2026 to Jun 9, 20266
- Chief financial officerLouis Ho Ming Leung Jun 9, 2026 to now7
Board members and other officers (6)
- Chief Administrative OfficerLai Yuen Lui Mar 24, 2026 to now8
- Board memberKam Biu Richard Chan Mar 18, 2026 to now5
- Board memberChan Sze Man Mar 20, 2026 to now9
- Board memberMichele Takis Matsuda Mar 20, 2026 to now10
- Board memberRingo Wing Kun Hui Mar 20, 2026 to now11
- Board memberLai Yuen Lui Mar 24, 2026 to now8
Timeline
- Mar 18, 2026New chief executive Kam Biu Richard Chan becomes CEO5
Filings
67 filings to the SEC since October 2021: 1 annual reports, 7 insider forms, 1 large holders, 2 private raises, 56 other. The latest 20:
- Oct 15, 20266-K EDGAR
- Oct 15, 20266-K EDGAR
- Oct 14, 2026F-1 EDGAR
- Oct 6, 20266-K EDGAR
- Oct 5, 2026EFFECT EDGAR
- Oct 5, 2026424B3 EDGAR
- Sep 30, 20266-K EDGAR
- Sep 23, 20266-K EDGAR
- Sep 21, 2026F-1 EDGAR
- Sep 8, 20266-K EDGAR
- Aug 31, 2026DRS EDGAR
- Aug 18, 20266-K EDGAR
- Aug 17, 2026DRS EDGAR
- Aug 14, 20268-A12B/A EDGAR
- Aug 14, 20266-K EDGAR
- Aug 14, 202620-F EDGAR
- Aug 10, 2026D EDGAR
- Aug 10, 2026D EDGAR
- Jul 31, 2026NT 20-F EDGAR
- Jul 27, 20266-K EDGAR
The 67 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Kam Biu Richard ChanSCHEDULE 13G, 1 filing May 5, 202612
Money raised
Private offerings the company reported to the SEC on Form D.
SEC filer profile
How Green Circle Decarbonize Technology Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARGreen Circle Decarbonize Technology Ltd1
- CIK0001926293
- Filer statusNon-accelerated filer an emerging growth company; a shell company3
- Incorporated inCayman Islands3
- Fiscal year endsMarch 311
- Industry code (SIC)3585 Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business addressFlat 1809, Prosperity Place, 6 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong, K3 0001
- Phone852-2882-12221
- Shares outstanding12,875,000 shares as of Mar 31, 20263
- AuditorZH CPA, LLC, Denver, Colorado PCAOB ID 6413; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceMay 26, 20221
- Filings67 in all: 6-K (19), F-1/A (14), 3 (7), DRS/A (7), DRS (3), F-1 (3), 424B3 (2), D (2)1
All 17 form types
EFFECT (2), 20-F (1), 424B4 (1), 6-K/A (1), 8-A12B (1), 8-A12B/A (1), CERT (1), NT 20-F (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) Aug 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary shares, par value US$0.001 per share | GCDT | NYSE American |
From the cover page of the 20-F filed Aug 14, 2026 (Section 12(b) of the Exchange Act).3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6SEC EDGARTai Yan Lai, Chief financial officer
- 7
- 8
- 9SEC EDGARChan Sze Man, Board member
- 10SEC EDGARMichele Takis Matsuda, Board member
- 11SEC EDGARRingo Wing Kun Hui, Board member
- 12