The crystallization kinetics, electrical and optical properties of as‐prepared and annealed GexSb40—xSe60 (22.5 at% ≤ x ≤ 32.5 at%) chalcogenide system have been studied. The kinetic studies using differential scanning calorimetry technique and X‐ray diffraction examinations revealed that all the considered glasses can be crystallized to Sb2Se3 and GeSe2 phases. Electrical conductivity measurements elucidated that the GexSb40—xSe60 amorphous thin films behave as semiconductor materials especially when the temperature of measurement exceeds a certain value which depends slightly on composition. The absorption coefficient–photon energy dependence of the investigated thin films could be described by the Tauc equation. The effect of high annealing temperature on both, the activation energy of the electrical conduction and the electronic energy gap have been reported and discussed.