May 31, 2020

Tianlong Optoelectronics released Q3 results announcement net profit loss of 28.12 million yuan

Tianlong Optoelectronics announced that in the third quarter of 2013, the company realized operating income of 36.310 million yuan, a year-on-year decrease of 12.26%, operating profit of -38.62 million yuan, a loss of 4.06% year-on-year, and a net profit attributable to shareholders of listed companies of -28,219,500 yuan. The loss decreased by 13.86% year-on-year.

Tianlong Optoelectronics said that due to the stimulation of the national encouragement policy and the impact of the European double-anti-soft landing, the domestic PV downstream enterprises have improved, but because the company is in the upstream equipment supply side, there is a certain lag period. In the fourth quarter of 2013, the company will continue to adopt various methods to digest some of its inventory, effectively use existing assets, effectively form a cash flow, and strive to weather the storm.

Tianlong Optoelectronics said that due to the current development characteristics of the domestic PV industry and the development of a series of standardized photovoltaic industry development policies, the integration of photovoltaic industry chain enterprises has accelerated. The company is one of the many general equipment manufacturers in China, and the competition is fierce. The company cannot maintain the competitiveness of the front end in the market and will be difficult to adapt to the development of the industry.

The downstream enterprises experienced the continuous downturn in the previous industry, and they were greatly hurt. Although they are steadily picking up due to national policies, the ability to pay is still not ideal. It is difficult to recover in the short term. Therefore, there is a risk of further impairment of accounts receivable, and operating cash flow is relatively tight.

Since the company is in the upstream equipment end of the photovoltaic industry, there is a certain lag period for equipment demand. If demand has not been strong, inventory will still be further impaired.

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