Recently, SFC in HK compelled Hanergy Thin Film Power Group Limited to stop the stock exchange, almost the same time, it has been rejected by any other index like FTSE and Hang Seng Index. Li Hejun suffered from the double strikes.
Li Hejun was born in Guantang village Xiantang county Heyuan city Guangdong province whom was the youngest ethnic Chinese billionaire in different kinds of rich list in 2015. After he graduated 3 or 4 years from the mechanical engineering major in Beijing Jiaotong University, he earned millions of profits and finished the primitive accumulation of capital. At that time, the state power supplied shortage and encouraged private enterprises to develop the small hydraulic project. Li locked this field as his orientation, he invested all his money into the hydraulic project from 1993 to 2003 and worked from Guangdong, Zhejiang, Guangxi to Qinghai, among them, one of symbol cases including the 1.2 billion for Qinghai Nina hydropower acquisition.
In 2002, Li conceived a great scheme, to invest 75 billion Yuan to build 6 large hydropower stations with 14,000,000KW installed capacity in midstream of Jin Shajiang River. Finally, Hanergy obtained the Jin An Bridge hydroelectric project which was the first and the only private enterprise built for large hydroelectric project with millions of KW level and so it is in the world. The project made Li became a big winner, let` s calculate the installed capacity with 20,000 yuan per kilowatt, Jin An Bridge is 60 billion yuan, its net asset can reach to 50 billion yuan when deducting 10 billion yuan liabilities.
At the beginning of 2009, Jin An Bridge project hasn` t completed yet, but Li had seen the new future——wind power generation and photovoltaic power generation and he finally focused on photovoltaic power. There are 2 technical and product routine in photovoltaicfield, thin film and crystalline silicon, and Li selected the former which is different from others.
Several year later Li possesses the mainstream product of SiGe, CIGS, GaAs, etc. in thin film field representing the high level in global through mergers and acquisitions. Getting through the global technological consolidation, Licompleted the full industrial chain layout of high-end equipment manufacturing from upstream to midstream of solar cell panel manufacturing then to the downstream of hydropower. Except that he held up the flag of globalized clean energy company becoming the leader of the global thin film of solar power generation.
In the first time of running solar power, Li Hejun started to consider going public. Hanergy did the reverse mergerin HK Exchanges in 2009, and started to deal on the capital market. He changed the company name into Hanergy Thin Film Power Generation in Julyl, 2014. From March 2015, the stock price of Hanergy was surging from $1 HK dollar before a year to the highest $9.07 HK dollars, the market value once exceeded to 300 billion HK dollars. Li Hejun became the China richest man with 160 billion possessions in Hurun Report in 2015. In the following Forbes World` s Billionaires, he surpassed Li Yanhong, CEO of Baidu and Ma Huateng, CEO of Tecent ranked 38th in the world and the 3rd in China.
In May 20th, Hanergy general meeting of stockholders was held in HK and Hanergy clean energy demonstrate center wasunveiled in Beijing. In his attendance of the unveiling ceremony in Beijing, in his 25 minutes speech, half of Hanergy share price was cut off from $7.35 HK dollars to $3.88 HK dollars. The company applied the resumption of trading temporary, but the share price suspended to $3.91 HK dollars till today. When facing the query and rumor, Hanerg chose to fight back, the company released claims denying all rumor in 21st, and Li accepted the interview from Xinhua News Agency in 28th and expressed that the company was in the best situation in history.
However, after the interview, HK SFC claimed that Hanergy` s business was under investigation. In July 15th, HK SFC gave a command to Hanergy changing the voluntary suspension to compulsive suspension and implied that it may exist big problem. But in July 16th, Hanergy alleged that no matter they will take a legal action to search for resumption of trading and also announced the HK SFC was unfair and unreasonable, they don` t exclude the judicial way.
In fact, the real pressure for Li Hejun may not the up and down in capital market, his big problem is whether Hanergy can obtain a good performance in 2015 and future. He expressed several times in Hanergy` s “121 scheme”: till 2020, the company would realize 1 trillion yuan income with 2 trillion yuan market value and 100 billion yuan profits to match the series developing layout. At present, Hanergy has founded 8 business division of BIPV, household generation, agricultural equivalent, automobile utilization, electric product, general goods, commercial UAV, specialproducts. In Li` s blue print, each career mentioned above can reach to trillion level.
The year of 2015 has become a vital year for checking everything, from the beginning, Li said repeatedly, 2015 is a crucial year forHanergy, 4 years investment should bring out the new product. “Hanergy goes bigger, haze turns lighter.” Till now, there isn` t much time for Li Hejun.
