Last $2.83 USD
Change Today -0.01 / -0.35%
Volume 947.6K
As of 5:20 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

hanwha solarone co -spon adr (HSOL) Snapshot

Open
$2.85
Previous Close
$2.84
Day High
$2.88
Day Low
$2.76
52 Week High
10/15/13 - $5.70
52 Week Low
05/1/13 - $0.93
Market Cap
258.6M
Average Volume 10 Days
1.0M
EPS TTM
$-1.76
Shares Outstanding
91.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for HANWHA SOLARONE CO -SPON ADR (HSOL)

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hanwha solarone co -spon adr (HSOL) Details

Hanwha SolarOne Co., Ltd., an investment holding company, manufactures and sells silicon ingots and wafers, photovoltaic (PV) cells, and PV modules. It provides multicrystalline silicon cells; and PV module processing services. The company offers PV modules primarily under the SolarOne brand name. Hanwha SolarOne Co., Ltd. sells PV cells and PV modules directly to system integrators and distributors, principally in Japan, South Africa, Germany, China, the United States, Korea, Canada, and the United Kingdom. The company was formerly known as Solarfun Power Holdings Co., Ltd. and changed its name to Hanwha SolarOne Co., Ltd. in December 2010. Hanwha SolarOne Co., Ltd. was founded in 2004 and is based in Qidong, the People’s Republic of China.

7,005 Employees
Last Reported Date: 04/14/14
Founded in 2004

hanwha solarone co -spon adr (HSOL) Top Compensated Officers

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Executives, Board Directors

hanwha solarone co -spon adr (HSOL) Key Developments

Hanwha SolarOne Announces Retirement of Ki-Joon HONG as Chairman and CEO

Hanwha SolarOne Co. Ltd. announced that its Chairman and CEO Ki-Joon HONG has retired from the company. Chairman HONG was appointed a Director of Hanwha SolarOne on October 8, 2010 and subsequently became Chief Executive Officer on June 27, 2011. A replacement is expected to be announced by the end of April.

Hanwha SolarOne Supplies 6.2 Mw of PV Modules to Guatemala

Hanwha SolarOne announced that it has completed a 6.2 MW delivery of its high quality 72-cell solar modules (HSL72) to a consortium of the Spain based companies Cobra and Gransolar. The modules will be installed in a new solar park in Rio Hondo, Las Cruces, Guatemala. Both Gransolar and Cobra specialize in the development, construction, operation and maintenance of renewable energy plants. Last year, Cobra, Gransolar and South African company Kensani installed a total of 155 MW Hanwha SolarOne PV modules in the Letsatsi and Lesedi solar parks in South Africa. The projects are expected to be connected to the grid in the first half of 2014.

Hanwha SolarOne Co. Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year of 2014; Announces Write Down of Inventories

Hanwha SolarOne Co. Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net revenues of RMB 1,294,915,000 against RMB 836,663,000 a year ago. Operating loss was RMB 23,693,000 against RMB 625,775,000 for the same period a year ago. Net loss before income tax was RMB 21,840,000 against RMB 679,484,000 for the same period a year ago. Net loss attributable to shareholders was RMB 21,830,000 or RMB 0.05 basic and diluted loss per share against RMB 670,410,000 or RMB 1.59 basic and diluted loss per share for the same period a year ago. Net cash provided by operating activities was RMB 258,945,000 against net cash used in operating activities of RMB 440,667,000 for the same period a year ago. Acquisition of fixed assets was RMB 99,274,000 against RMB 71,423,000 for the same period a year ago. The increase in total net revenues in fourth quarter compared with third quarter was primarily due to greater shipments. Operating margin improved to negative 1.8% from negative 11.7% in third quarter and negative 74.8% in fourth quarter of 2012. Excluding the RMB 28.6 million (USD 4.7 million) non-cash charges in general and administrative expenses for provisions on doubtful debt of accounts receivable and RMB 25.9 (USD 4.3 million) in cost of revenues for inventory write-down and provision for advanced payments. Annualized ROE on a non-GAAP basis was negative 6.3% in the fourth quarter of 2013, compared with negative 88.8% in the third quarter of 2013 and negative 97.6% in the fourth quarter of 2012. Annualized ROE on a GAAP basis was negative 4.6% in the fourth quarter of 2013, compared with negative 86.6% in third quarter of 2013 and negative 87.0% in the fourth quarter of 2012. Net loss attributable to shareholders on a non-GAAP basis was RMB 25.4 million (USD 4.2 million), compared with a net loss attributable to shareholders of RMB 401.6 million in third quarter of 2013 and a net loss attributable to shareholders of RMB 650.6 million in fourth quarter of 2012. For the year, the company reported net revenues of RMB 4,725,692,000 against RMB 3,678,380,000 a year ago. Operating loss was RMB 406,748,000 against RMB 1,180,600,000 for the same period a year ago. Net loss before income tax was RMB 616,424,000 against RMB 1,547,604,000 for the same period a year ago. Net loss attributable to shareholders was RMB 874,090,000 or RMB 2.06 basic and diluted loss per share against RMB 1,562,859,000 or RMB 3.70 basic and diluted loss per share for the same period a year ago. Net cash provided by operating activities was RMB 330,041,000 against net cash used in operating activities of RMB 1,052,213,000 for the same period a year ago. Acquisition of fixed assets was RMB 426,294,000 against RMB 597,978,000 for the same period a year ago. Net loss attributable to shareholders on a non-GAAP basis was RMB 759.9 million (USD 125.5 million), compared with net loss attributable to shareholders of RMB 1,468.3 million in 2012. ROE on a non-GAAP basis was negative 38.6% in 2013, compared with negative 47.8% in 2012. ROE on a GAAP basis was negative 37.7% in 2013, compared with negative 44.3% in 2012. The company provides production guidance for the first quarter and full year of 2014. For the first quarter, the company expects Module shipments similar to the preceding quarter. For the full year, the company expects Module shipments between 1.5-1.6 GW of which about 25-30% will be for PV module processing services. Capital expenditures of $80 million largely for maintenance and automation of existing manufacturing lines. The aforementioned capacity expansion under consideration is not included in this figure. Gross margins targeted in the range of 15-20%. For the quarter ended Dec. 31, 2013, the company announced write down of inventories of RMB 10,250,000 against RMB 53,926,000 for the same period of last year.

 

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HSOL Competitors

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Company Last Change
China Sunergy Co Ltd $3.92 USD -0.06
JA Solar Holdings Co Ltd $10.84 USD -0.13
LDK Solar Co Ltd $0.41 USD -0.04
Motech Industries Inc 53.60 TWD +1.60
Solarworld AG €35.50 EUR -1.05
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