Hanergy [SEP] inception
Hanergy
Hanergy is a privately held Chinese multinational renewable energy company founded in 1989 by Li Hejun, headquartered in Beijing. It is active in solar, wind and hydropower generation. According to its own company literature, it is the world's largest thin-film solar power company. The chairman and CEO is Li Hejun, previously ranked by Forbes magazine as the richest man in China until a plummeting stock price and subsequent regulatory investigation wiped billions of dollars off his net worth. Hanergy was ranked No. 23 in the 2014
and in a Sep. 2015 speech commemorating the 21st anniversary of Hanergy, Li Hejun reportedly said the stock implosion and trading halt had caused him "huge" personal loss, and accused "short sellers" as being the only ones with anything to gain from the dilemma. Despite this, he encouraged employees and partners to have continued faith in Hanergy.
In its 2015 annual report made public on March 31, 2016, Hanergy Thin Film posted its first loss since 2009, recording a net loss of US $1.58 billion