Hanergy unit feels the pinch from lost orders

Solar equipment maker says profit during first-half may fall by 90% from a year ago

Hanergy Thin Film Power Group Ltd, the Hong Kong-listed solar-equipment manufacturer at the center of a regulatory probe, warned it could record a loss for the first six months of the year, after the cancellation of deals worth billions of dollars with its parent company.

Hanergy said in a statement to the Hong Kong Stock Exchange on Sunday that its profit from related-party transactions is expected to decline to HK$200 million for the first half of 2015, a drop of more than 90 percent from a year ago.