China’s major polysilicon producers have shown signs of recovery after years of losses. GCL Technology Holdings Ltd. reported a profit of CNY 960 million, reversing a CNY 1.81 billion loss, while Tongwei Co.’s third-quarter loss narrowed to CNY 315 million from CNY 844 million. The rebound was supported by a 50 percent increase in polysilicon prices since July, driven by government warnings against excessive competition and a CNY 50 billion fund to cut overcapacity. Citigroup said GCL’s turnaround marked a milestone in China’s solar sector stabilization. Daqo New Energy Corp. was also expected to post improved results, with its CFO indicating the market had bottomed out. Analysts said further regulatory measures were likely, as China’s solar installations slowed and exports faced rising protectionism in global markets.