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Last $6.91 HKD
Change Today +0.01 / 0.14%
Volume 44.5M
566 On Other Exchanges
As of 4:01 AM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

hanergy thin film power grou (566) Snapshot

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03/5/15 - $9.07
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04/22/14 - $1.05
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hanergy thin film power grou (566) Details

Hanergy Thin Film Power Group Limited, an investment holding company, manufactures equipment and turnkey production lines for the manufacture of amorphous silicon based thin-film solar photovoltaic modules worldwide. The company operates through two segments, Manufacturing, and Build and Sell. It provides plasma enhanced chemical vapor depositors for the deposition of photovoltaic layers; magnetron sputtering devices for the deposition of conductive electrode layers; and automated turnkey solutions with an integrated manufacturing system for thin-film photovoltaic modules. The company also builds and sells solar farms or rooftop power stations; and trades in equipment and turnkey production lines. In addition, it offers customer support and training through sales and service centers in the Mainland China and Hong Kong. The company was formerly known as Hanergy Solar Group Limited and changed its name to Hanergy Thin Film Power Group Limited in September 2014. The company is headquartered in Kowloon, Hong Kong. Hanergy Thin Film Power Group Limited is a subsidiary of Hanergy Investment Limited.

2,033 Employees
Last Reported Date: 03/30/15

hanergy thin film power grou (566) Top Compensated Officers

Deputy Chairman, Chief Executive Officer and ...
Total Annual Compensation: $3.4M
Senior Vice President
Total Annual Compensation: $4.2M
Executive Vice President and Executive Direct...
Total Annual Compensation: $1.1M
Chief Technology Officer
Total Annual Compensation: $3.0M
Financial Controller and Executive Director
Total Annual Compensation: $752.0K
Compensation as of Fiscal Year 2013.

hanergy thin film power grou (566) Key Developments

Imperial Pacific International Holdings Limited Enters into Memorandum of Understanding with Hanergy Thin Film Power Group Limited

The board of directors of the company shareholders of the company and potential investors that on April 20, 2015, the company and Hanergy Thin Film Power Group Limited entered into a memorandum of understanding, pursuant to which the parties have agreed to, subject to contract, collaborate and cooperate with each other to set up a joint venture for principally the design, construction, installation, operation and maintenance of power generation and supporting facilities using various types of renewable energy, including but not limited to PV solar power generating facilities manufactured or procured by Hanergy, in and for supply to, among others, islands in the Pacific Ocean region, including, but not limited to The Commonwealth of the Northern Mariana Islands, Guam, the Republic of Palau, the Federated States of the Micronesia and the Republic of Marshall Islands.

Hanergy Thin Film Power Group Limited to Invest in a Project to Construct Gallium Arsenide Thin Film Solar Cell R&D and Manufacturing Station in Huangpi Linkong Industrial Park in Wuhan

The board of directors of the Hanergy Thin Film Power Group Limited announced that on 16 April 2015, the company and the Huangpi District People's Government in Wuhan City, have entered into an investment cooperation agreement pursuant to which the company will invest in a project to construct a Gallium Arsenide thin film solar cell R&D and manufacturing station with a capacity of 10 megawatts in Huangpi Linkong Industrial Park in Wuhan, the People's Republic of China, and a Huangpi project company will be established for the implementation of the Project in the Linkong Industrial Park. According to the agreement dated 16 April 2015 and entered into between the people's government of Huangpi District, Wuhan and the company, the company or its affiliates intends to invest in a project to construct a GaAs thin film solar cell R&D and manufacturing station with a capacity of 10MW on a piece of land with approximately 150 acres in Huangpi Linkong Industrial Park, to engage mainly in the research and development, production and sales of advanced GaAs solar cells. The Project receives strong support from the Wuhan Huangpi District Government in Wuhan City. The Wuhan Huangpi District Government will be responsible for the construction of the production site, warehouse, factory facilities and power systems, which will be leased to the project company. Wuhan Huangpi District Government will give priority to the Project Company in helping it to compete for the granting of special support funds from the national, provincial and municipal levels of governments, will assist in applying for the tax incentives in form of export tax rebates under the state's regulation for high-tech enterprises with respect to the products of the Project, will assist in the application for the waiver of import customs and value-added tax for the import of related equipment for the Project, will provide support to the Project Company in obtaining financing from local financial institutions, and will agree to reduce or waive the Wuhan City administrative fees under the relevant policies with respect to the company's plant and ancillary facilities. The Project will be implemented in two phases. The first phase will involve the construction of a production capacity of 3MW on a land with approximately 50 acres. The Wuhan Huangpi District Government will ensure that the construction of the production plant, warehouse and factory facilities, and power systems would be completed within 10 months after the date when the Agreement becomes effective, and will lease the plant to the Project company with rent payable once every year. Upon the completion of construction of the plant and the fulfilment of the company's requirements for the moving in of equipment, the company will start to move in the equipment and assemble the production lines for testing within 12 months, and production will start within 18 months.

Hanergy Thin Film Power Group Limited Announces Consolidated Earnings Results for the Full Year Ended December 31, 2014

Hanergy Thin Film Power Group Limited announced consolidated earnings results for the full year ended December 31, 2014. For the period, the company reported revenue of HKD 9,615,028,000 against HKD 3,283,791,000 a year ago. Profit before tax was HKD 4,290,744,000 against HKD 2,277,313,000 a year ago. Profit attributable to owners of the parent was HKD 3,307,748,000 against HKD 2,018,024,000 a year ago. Earnings per share attributable to owners of the company were 7.5 cents against 5.1 cents a year ago. The increase in net profit is primarily resulting from the breakthrough of downstream business that generated from non-connected transactions and the disposals of five subsidiaries of PV stations in 2014. Total capital expenditure was HKD 449,714,000 against HKD 785,370,000 a year ago.


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Price/Earnings 92.0x
Price/Sales 31.4x
Price/Book 14.8x
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