China

Beijing Enterprises Clean Energy (BECE) expects its consolidated net profit to soar by 700% to 800% year on year in the first half of 2017, based on a preliminary review of its unaudited results.

The second quarter financial results for the Chinese-Canadian solar firm reveal above-guidance growth in revenue and shipments, while profit rises to $167.8m for the quarter.

GCL-Poly Energy has signed a framework agreement with semiconductor manufacturer Tianjin Zhonghuan, under which the two sides will collaborate of the production of polysilicon and wafers, in addition to downstream PV project development.

Etrion has recorded a consolidated net loss of $14.4 million in the second half of 2017, primarily due to depreciation and financing expenses.

Daqo New Energy reported a net profit of about $12.1 million in the second quarter of 2017, down roughly 47% from the preceding three-month period, as the Chinese polysilicon producer’s revenue fell more than 9% to about $76 million.

The statistics, published over the weekend, reveal that June alone accounted for more than half of that total figure, increasing 16% against June 2016.

Asia Clean Capital (ACC) has connected a 19 MW building integrated photovoltaic (BIPV) project to the grid at a shipyard in eastern China. It claims that the installation is the largest BIPV project in the world.

Chinese PV developer and EPC specialist Xinyi Solar recorded a net profit of HK$1,254.9 million ($160.5 million) in the first half of 2017, up 12.5% from the preceding year, as its downstream unit’s cumulative installed capacity passed the 1 GW mark.

The Chinese clean energy giant is expecting losses over the first half of this year to amount to around $49 million following a difficult 2016 and further squeezing of the firm’s activities in 2017.

Hanergy Thin Film Power (HTF) has announced the release of Hantile, a new CIGS thin-film solar product that can be integrated with roofing materials.