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The company's display panel business swung to an operating loss of 750 billion won last year on revenue of about 29 trillion won, a slight drop from 2010.
That, he said, is what happened to the solar panel business, for two reasons that he maintained could not be foreseen.
All product groups apart from Sharp's LCD panel business showed improved operating income in the second half of the year, it said.
Panel-makers with their own television brands, such as Samsung and Sharp, averted misery by essentially subsidising their panel business with profits from finished sets.
Witt's parents, a physiotherapist mother and a father who has a solar panel business, have become used to the drama of their daughter's activist lifestyle, she said.
It is known to have previously looked into electricity and gas re-selling, and has recently dipped a toe into micro-generation, particularly the solar panel business.
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As with his electric car and solar panel businesses, Musk's energy storage projects are eligible for substantial government incentives.
Some high-technology industries, like the nascent American solar-panel business, would be a lot more competitive against their Chinese rivals.
Making money in the fiercely competitive and fast-moving solar-panel business is hard, though that hardly explains the extent of Hanergy's share-price collapse.
"There's speculation that beyond 2015, OLEDs could advance to become a creditable threat to the LCD flat-panel business," he said.
Mr. Korthof said his Ranger was a perfect match for his solar-panel business, since he can charge it using his own panels.
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