宜家宣佈終止與漢能薄膜發電的合作
Hanergy Thin Film Power, a solar company being investigated by Hong Kong’s stock market regulator, has lost a contract for Ikea to distribute its panels for domestic use in Europe.
正在接受香港證監會(SFC)調查的太陽能公司漢能薄膜發電（Hanergy Thin Film Power，簡稱HTF），失去了由宜家(Ikea)在歐洲爲其銷售漢能家用太陽能電池板的合同。
The Swedish retailer said in a statement that it was ending its residential solar agreement with Hanergy and directed any customers who had bought the panels to contact Hanergy’s UK customer service arm.
這家瑞典零售商在聲明中表示，將終止與漢能的住宅用太陽能合作協議，並告知任何購買了這種電池板的顧客聯繫漢能的英國客服分公司。
The move is a blow for HTF, which rose to be worth almost $40bn before collapsing in value amid concerns about its accounting and reliance on sales to related parties. The company had previously pointed towards its agreement with Ikea as evidence that its panels were being sold on to outside customers.
此舉是對HTF的一次打擊。HTF的市值此前一度升至近400億美元，後來，由於其會計問題及其依賴於對關聯公司的銷售引發了擔憂，該公司市值出現暴跌。該公司之前曾援引與宜家的協議證明自己在向外部客戶銷售太陽能電池板。
HFT shares have been suspended from trading since May as the Securities and Futures Commission investigates. Until this year it was the world’s most valuable listed solar company, and its majority owner, the businessman Li Hejun, was briefly China’s richest man on paper.
自5月香港證監會對其展開調查以來，HTF一直處於停牌狀態。直至今年，HTF還曾是世界上市值最高的太陽能上市公司，而其控股股東、商人李河君，在賬面上曾短暫地成爲中國首富。
Mr Li has since blamed short sellers for the company’s problems, and attacked the Hong Kong market regulator for keeping the shares suspended.
李河君之後一直將HTF的問題歸咎於做空者，並抨擊香港金融市場監管機構一直讓HTF處於停牌狀態。
In August, HTF declared a loss for the first half of the year, having said it would make a profit, and announced plans for 2,000 job losses at its headquarters and regional offices. It blamed the loss on the cancellation of sales contracts between the parent and the listed unit.
8月，曾宣稱將取得盈利的HTF宣佈上半年出現淨虧損，並宣佈打算在總部和各地區分部裁員2000人。HTF將虧損歸咎於它與母公司漢能集團(Hanergy Group)的銷售合同取消。
In January, the Financial Times raised questions about HTF’s business model, highlighting how the listed company derived the bulk of its revenue from its parent group in mainland China.
今年1月，英國《金融時報》對HTF的經營模式提出質疑，着重指出這家上市公司的大部分收入來自其位於中國內地的母公司。
Much of Hanergy’s business with Ikea in Europe stems from the solar group’s purchase of Solibro, a German thin film manufacturer. Solibro’s factory near Berlin has ratcheted down operations since October.
漢能與宜家在歐洲的大部分業務源於這家太陽能公司對德國薄膜製造商Solibro的收購。10月以來，Solibro在柏林附近的工廠減少了生產。
GS Solar, the company that controlled Hanergy’s Hong Kong-listed unit before Hanergy, sold solar panels through Ikea in the UK. That subsidiary has been moved several times among various Hanergy entities.
在漢能集團之前控股HTF的鈞石(GS Solar)，此前通過宜家在英國銷售太陽能電池板。該分支業務在數個不同的漢能下屬公司中換手了幾次。
Ikea itself does not use Hanergy’s solar panels, according to a person in the industry. The Hanergy panels were sold at independent booths set up in its stores, in an arm’s-length relationship.
據一名行業內人士的說法，宜家本身並不使用漢能的太陽能電池板。漢能太陽能電池板在宜家門店中是在單獨設立的鋪面銷售的，這種合作銷售關係並不十分親密。
In March, HTF announced that sales for its 2014 financial year had tripled and net profits were $427m. More than half of these sales were made to its parent company, Mr Li’s privately held Hanergy Group, with only a sliver of profits coming from sales to consumers through the Ikea channel.
3月，HTF宣佈其2014財年的銷售額增加兩倍，淨利潤爲4.27億美元。其中逾一半銷售額是通過向母公司——李河君私人持有的漢能集團——銷售產品實現的，僅有少數盈利來自通過宜家渠道向消費者銷售產品。
