Hanergy Thin Film Power (HTF) has reported an unaudited net profit of HK$244.8 million ($31.3 million) in the six months to the end of June, down roughly 70.2% from the preceding year, as revenue edged down 13.4% on the year to HK$2.9 billion.The troubled Chinese PV group - whose shares were suspended from trading in early 2015, after sinking 47% in a single morning's trading session amid mounting questions over revenue derived from sales to its unlisted, Beijing-based parent - acknowledged that it supplied HK$1.06 billion of copper indium gallium selenium (CIGS) thin-film and amorphous silicon-based PV production kit to affiliates of the Hanergy group in the first half of 2017. However, HTF claimed that it did not sign any new purchase contracts with Hanergy affiliates in the January-June period.
In particular, its manufacturing unit sold HK$656.3 million of equipment to Jingzhou Shunbai Solar Power in the first half. It also generated HK$1.06 billion from the sale of 600 MW of automated CIGS production lines to Shandong Zibo Hanergy Thin Film Solar. In total, sales from its manufacturing unit reached HK$1.7 billion in the January-June period, while sales of thin-film solar panels fell to HK$9.6 million, from HK$110.4 million a year earlier, according to a statement to the Hong Kong stock exchange.
The company, which lost nearly $19 billion of its market value when its shares plunged in May 2015 - after surging roughly 600% in the preceding two years on the Hong Kong exchange - reported that its downstream unit generated revenue of HK$1.13 billion from PV project development in the first half ...Den vollständigen Artikel lesen ...