22 Aug '16, 11am

CHINA ROUND UP: Hareon Solar, LONGi, Zhonghuan Semi, First PV, GCL-Poly United PV and Comtec

CHINA ROUND UP: Hareon Solar, LONGi, Zhonghuan Semi, First PV, GCL-Poly United PV and Comtec

United Photovoltaics Group said on August, 19 that it had issued a US$50 million convertible bond. Image: United PV A number of China-based solar PV companies both in the upstream and downstream markets, primarily within China have reported strong financial results for the first half of 2016, driven by the backdrop of over 18GW having been installed in the country in the first half of the year. Hareon Solar Technology Integrated PV manufacturer Hareon Solar Technology reported on August, 19 almost a 30% increase in first half 2016 revenue, while continuing to focus on increasing its downstream project business. Hareon Solar reported first half 2016 revenue of RMB 2.45 billion (US$370.2 million), up 29.1% from the prior year period. Net profit was RMB 35.7 million (US$5.4 million), up over 18% from the prior year period. The company noted that it was increasing its focus on...

Full article: http://www.pv-tech.org/news/china-round-up-hareon-solar-l...

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