In 2015, Li Hejun, chairman of Hanergy Group, benefited from the surge in stock prices and made it to the top of China's richest man for the first time. However, in just one year, the shortage fell to the bottom. In the past five years, Hanergy has encountered several crises. It solved the problem of approval of the Jinanqiao Hydropower Station, withstood the cold winter of the thin-film photovoltaic industry, and survived the difficulty of being shorted and suspended by the bank, but it fell again. In the trap of self-expansion, this time, can it see the next spring?