On August 22nd, Lu Song, deputy general manager of Tianlong Optoelectronics (300029.SZ), said that the company has a small number of equipment orders, and will reduce inventory through various methods in the second half of the year, and may restart asset restructuring. In 2013, I was confident that I would turn a profit.
Lu Song said that the photovoltaic industry has picked up this year, but the demand for upstream equipment has a lagging process. At present, the company has received a lot of orders, and the photovoltaic industry has to enter the balance of supply and demand for at least one to two years.
The downstream capacity is seriously over-supplied, which lowers the demand for equipment such as upstream polysilicon ingot furnaces. Many equipment manufacturers have high stocks and are losing money, and they have saved themselves. Photovoltaic equipment leader Jinggong Technology (002006.SZ) acquired 40% stake in Sichuan Xin Blu-ray, and sold 34 polysilicon ingot furnaces to Xin Blu-ray at a price of 40 million. The move was commented by the media that it would not cost one point. “True Gold and Silver†is being acquired externally, and at the same time it can remove certain stocks. Another photovoltaic equipment company, Beijing Express (601908.SH), changed its status quo through its power station business and environmental protection.
Lu Song said that at present, equipment manufacturers must adopt some unconventional means in inventory processing, and the company is also vigorously doing this, hoping to reduce inventory through various methods. In the first half of the year, the company's loss decreased by 87.86% year-on-year to 6.933 million yuan, and it is confident to turn losses into profit in the whole year.
Tianlong Optoelectronics’ previous self-rescue operation ended in failure. The company announced on June 26 that it decided to terminate the asset reorganization plan for the additional shareholder of Dalian Liancheng CNC Machine Co., Ltd. to acquire 100% of Dalian Liancheng.
An analyst from Dongguan Securities commented that the company wants to achieve the transformation by acquiring Dalian Liancheng into a sub-sector with high technical content and technical competitiveness of crystalline silicon cutting equipment, breaking the current situation of too single product and low added value. .
Lu Song said that the company may restart asset restructuring in the later period, and the specific plan will depend on the intensity of policy supervision.
Tianlong Optoelectronics' 2012 annual report shows that the company's inventory reached 344 million yuan, and the annual huge loss exceeded 500 million yuan. The semi-annual report for 2013 showed that in the first half of the year, the company achieved operating income of 170 million yuan, a year-on-year increase of 30.84%, net profit attributable to shareholders of listed companies -639.35 million yuan, and loss decreased by 87.86%.
Lu Song said that the photovoltaic industry has picked up this year, but the demand for upstream equipment has a lagging process. At present, the company has received a lot of orders, and the photovoltaic industry has to enter the balance of supply and demand for at least one to two years.
The downstream capacity is seriously over-supplied, which lowers the demand for equipment such as upstream polysilicon ingot furnaces. Many equipment manufacturers have high stocks and are losing money, and they have saved themselves. Photovoltaic equipment leader Jinggong Technology (002006.SZ) acquired 40% stake in Sichuan Xin Blu-ray, and sold 34 polysilicon ingot furnaces to Xin Blu-ray at a price of 40 million. The move was commented by the media that it would not cost one point. “True Gold and Silver†is being acquired externally, and at the same time it can remove certain stocks. Another photovoltaic equipment company, Beijing Express (601908.SH), changed its status quo through its power station business and environmental protection.
Lu Song said that at present, equipment manufacturers must adopt some unconventional means in inventory processing, and the company is also vigorously doing this, hoping to reduce inventory through various methods. In the first half of the year, the company's loss decreased by 87.86% year-on-year to 6.933 million yuan, and it is confident to turn losses into profit in the whole year.
Tianlong Optoelectronics’ previous self-rescue operation ended in failure. The company announced on June 26 that it decided to terminate the asset reorganization plan for the additional shareholder of Dalian Liancheng CNC Machine Co., Ltd. to acquire 100% of Dalian Liancheng.
An analyst from Dongguan Securities commented that the company wants to achieve the transformation by acquiring Dalian Liancheng into a sub-sector with high technical content and technical competitiveness of crystalline silicon cutting equipment, breaking the current situation of too single product and low added value. .
Lu Song said that the company may restart asset restructuring in the later period, and the specific plan will depend on the intensity of policy supervision.
Tianlong Optoelectronics' 2012 annual report shows that the company's inventory reached 344 million yuan, and the annual huge loss exceeded 500 million yuan. The semi-annual report for 2013 showed that in the first half of the year, the company achieved operating income of 170 million yuan, a year-on-year increase of 30.84%, net profit attributable to shareholders of listed companies -639.35 million yuan, and loss decreased by 87.86%.
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