Hanergy financial controller resigns

Facebook
Twitter
LinkedIn
Reddit
Email

Li Guangim, the financial controller and an executive director of troubled Chinese manufacturer Hanergy Thin Film Power has resigned from the company.

Hanergy announced Li’s departure in a statement to the Hong Kong stock exchange, on which the company is currently suspended from trading following its share price collapse earlier in the year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

In its statement, Hanergy said Li’s resignation was due to his “personal career development” and that he had “no disagreement with the board and there are no matters relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong”.

Hanergy has brought in three new directors. Huang Songchun has been appointed financial controller and as an executive. Si Haijian and Zhang Bo have both also been appointed as executive directors of the company

Li’s departure caps a difficult year for Hanergy, in which it has gone from being largest biggest company by market capitalisation to ignominy.

Since its share price tumbled in the middle of the year, Hanergy’s woes have deepened. Shortly after trading of its shares was suspended, the Hong Kong Securities and Futures Commission revealed it was investigating the company. It has subsequently been forced to cancel a number of large contracts, and recent reports suggested it was being sued for unpaid rent and utility bills.

Read Next

July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
July 14, 2025
Elements Green has secured €80 million (US$93.5 million) in financing from Danish investment firm Copenhagen Infrastructure Partners (CIP).
July 14, 2025
Solar and storage developer MN8 Energy has raised US$575 million to refinance three PV projects in North Carolina, Kentucky and Illinois.
July 14, 2025
OpenSolar has launched a new model to help US rooftop solar installers reduce costs and thrive despite the loss of the 30% IRA tax credit.
July 14, 2025
Analyst Wood Mackenzie has forecast that solar PV and wind installations in the US will be 100GW lower than expected between 2025 and 2030 with the removal of Inflation Reduction Act (IRA) incentives.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK