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Hanwha SolarOne Co., Ltd. (HSOL) is “One to Watch”

|Includes: Hanwha Q CELLS Co., Ltd. (HQCL)
Hanwha SolarOne Co., Ltd. is a leading provider of global energy solutions designed to meet the demands of the 21st century energy customer. From quality crystalline silicon and solar module assembly to project development and financing, Hanwha SolarOne offers a fully integrated solution. Through control of the supply chain, the company is able to deliver the highest quality products at very competitive prices.
 
The company’s technology department works closely with the manufacturing department to lower production costs by improving production efficiency. In July 2007, Hanwha SolarOne established the Hanwha SolarOne PV Engineering Center. This center, equipped with a fully dedicated pilot production line and various characterization tools, focuses on improving the solar cell efficiency and extending its application.
 
Hanwha SolarOne takes its role as a leader seriously, both in business and in the community. Long-term commitment is the key focus of the company, which supports its modules with a 25-year warranty and prompt post-sale service. Furthermore, all modules are certified by TÜV, CE, UL, and CEC, validating quality and safety. The company is also committed to industry sustainability and is a member of the PV Cycle end-of-life product recycling program.
 
As of June 30, 2011, the Company had cash and cash equivalents of RMB1,485.7 million (US$229.9 million) and net working capital of RMB1,850.0 million (US$286.2 million), compared with total long-term debt of RMB995.9 million (US$154.1 million), which was comprised of both the non-current portion of long-term bank borrowings and convertible bonds. Leveraging its strong financial position and leading technology, Hanwha SolarOne is well positioned to capitalize on the rapidly growing renewable energy market.
 
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