Hanergy Thin Film swings to interim profit on strong sales of rooftop solar panels

PUBLISHED : Tuesday, 30 August, 2016, 10:55pm
UPDATED : Tuesday, 30 August, 2016, 10:55pm

Troubled solar panel company Hanergy Thin Film Power, controlled by mainland Chinese billionaire Li Hejun, saw its net profit turn around in the first half of the year.

Net income was 821 million yuan for first six months, compared to a 59 million loss a year ago, thanks to strong growth in revenue from sales of household rooftop solar power stations.

The company’s shares have been suspended amid a probe by market regulators in Hong Kong. Founder Li resigned as chairman in May.