Web Exclusive | April 2019
Hanergy’s net profit surged to HKD 5.2 billion
Hanergy Thin Film Power Group released its annual results for the 2018 fiscal year. As per the company’s recent annual report, the group's revenue from contracts with customers in 2018 reached HKD 21.3 billion, approximately ramping up by 2.45 times compared to 2017. During the period aforementioned, the company’s net profit surged to HKD 5.2 billion, making a remarkable upturn, 18.9 times year-on-year for the consecutive three years.
As per the management, the overall performance of Hanergy TFP throughout the period increased steadily owing to group’s strategic focus on upstream core technology research and development, production equipment delivery, and diversified applications of thin film solar energy in downstream business. During the period, the number of customers for the new mobile energy industry park augmented ensuring steady growth in the upstream business. In the downstream business, Hanergy TFP has launched various technologies + design, double innovation products such as; HanTile, HanWall, Humbrella, etc., leading to a record increase in both, domestic and overseas sales.