Hanergy Solar Group Limited announced that in addition to the existing turnkey line business segment, the company is actively developing the downstream business and the board has resolved the establishment of the Solar Power and Applications Group for venturing into the global solar power generation and development of new solar application markets on a large-scale basis. The Power Group will focus on the application of thin-film solar technology and will comprise four business units and six Regional Offices located across the globe, marking a significant milestone in the group's venturing into the global downstream solar market. The business units are responsible for delivering to customers throughout the world various solar application products and total system solutions, making use of various types of thin film solar modules and flexible solar thin film technology to integrate and meet with the market application needs. Their targets are to maximise the competitive advantages of thin film solar technology and flexible thin film solar technology, so as to explore the possible market potential.

Hanergy Solar Group Limited announced audited consolidated cash flow results the year ended December 31, 2012. For the period, the company reported the net cash flows from operating activities as HKD 756,480,000 against net cash flows used in operating activities of HKD 566,742,000 for the same period last year. Purchase of items of property, plant and equipment was HKD 35,453,000 against HKD 93,426,000 for the same period last year. Purchase of intangible assets was HKD 245,818,000.

Hanergy Solar Group Limited announced the consolidated earnings results the year ended December 31, 2012. For the period, the company reported the revenue of HKD 2,756,463,000, representing an increase of 7.48% from HKD 2,564,640,000 for the same period last year. Profit before tax from a continuing operation was HKD 1,666,158,000 against HKD 967,543,000 for the same period last year. Profits for the year from continuing operation was HKD 1,316,182,000 or 8.4 cents per diluted share against HKD 723,729,000 or 5 cents per diluted share for the same period last year. Profit for the year attributable to owners of the parent was HKD 1,316,182,000 against HKD 719,320,000 for the same period last year. Diluted earnings per share were 8.4 cents against 5.0 cents for the same period last year. For the year, the Group showed an increase in profits from HKD 722,962,000 to HKD 1,316,182,000 for the corresponding financial year ended 31 December 2011. Such increase is primarily due to a number of various reasons including but not limited to (i) the increase in revenue of the Group for the year ended 31 December 2012; (ii) the decrease in cost of sales; (iii) the decrease in other expenses including but not limited to the making of impairment provision of gross amount due from customers for contract work and account receivables from customers and impairment loss on intangible assets.