Filings by eight of Hanergy's nine solar-panel factories to the State Administration for Industry and Commerce showed combined sales of only 315 million yuan and a loss of 38 million yuan in 2012. Photo: ImagineChina
Filings by eight of Hanergy's nine solar-panel factories to the State Administration for Industry and Commerce showed combined sales of only 315 million yuan and a loss of 38 million yuan in 2012. Photo: ImagineChina
Business /  China Business

The financials of tycoon Li Hejun's Hanergy remains a mystery

Analysts raise doubts over Hanergy's dubious deals and shaky numbers amid a rally in the stock

Eric Ng
Eric Ng

Updated: 4:03am, 28 Mar, 2015

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Filings by eight of Hanergy's nine solar-panel factories to the State Administration for Industry and Commerce showed combined sales of only 315 million yuan and a loss of 38 million yuan in 2012. Photo: ImagineChina
Filings by eight of Hanergy's nine solar-panel factories to the State Administration for Industry and Commerce showed combined sales of only 315 million yuan and a loss of 38 million yuan in 2012. Photo: ImagineChina
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