Hong Kong-listed Shunfeng saw its revenues rise 44% to 1.53bn yuan ($250m) last year, all of it coming from the company’s relatively modest-sized solar manufacturing business, with a heavy focus on cells and wafers.
The company’s full-year loss, however, stretched to 1.8bn yuan, the result of a heavy fair value loss on convertible bonds it issued. Absent those losses, Shunfeng would have turned a small profit for the year.
2013
