The company — formerly known as Hanergy Solar — said its gross profit jumped 63% on the year to HK$2.74bn in the six months to 30 June, 2014. Its operating revenue rose 53% from the same period a year earlier to HK$3.2bn, according to a statement on the Hong Kong stock exchange.

The thin-film PV module and production equipment manufacturer — which is increasingly moving into downstream solar development — has led China’s major solar OEMs in pursuing overseas acquisitions in recent years.