Like many Chinese PV manufacturers, the company’s 2010 revenues, earnings and shipments grew by magnitudes of scale over 2009 due to its explosive expansion.
However, its fourth-quarter performance flopped well short of expectations and actually deteriorated compared to the third quarter, spooking investors.
Hanwha SolarOne, known as Solarfun until late 2010, reported an operating profit of 296.2m yuan ($45.1m) in the final three-month period of the year – a 24.8%
