HTF’s operating revenue plummeted 34% year on year to HK$2.1bn in the six months to 30 June, 2015, according to a statement on the Hong Kong stock exchange.

It shipped 222.9MW of PV modules in the first half, with outstanding orders reaching 502.1MW by the end of June.

The company — whose Hong Kong-listed shares plunged 47% in a single morning trading session last May, shaving roughly $19bn off its market capitalisation — plans to slash roughly 2,000 jobs from its current workforce of 5,458 people.

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