Flexible PCB board, PI material with yellow coverlay. 2oz copper on double-side and the surface treatment is ENIG, Total board thickness is only 0.18mm. The characteristic of the Flex board is easy to bend, which is widely used in the instrument. Flexible PCB Flexible PCB,Professional Flexible PCB,Flexible PCB For Display,Flex PCB Board Orilind Limited Company , https://www.orilind.com
According to the performance report, during the reporting period, the company's various business indicators were defeated. The annual revenue of the main business decreased sharply from 842 million yuan in the same period of 2011 to 177 million yuan, a decrease of 79%; while the operating profit and the net profit attributable to shareholders of the parent company were both huge losses, respectively, from the same period last year. The 103 million yuan and 62.26 million yuan fell to -519 million yuan and -70 billion yuan at the end of the reporting period, a drop of 605% and 855% respectively.
In this regard, the personnel of Tianlong Optoelectronics Securities Department bluntly told reporters that the main reason for the company's annual loss exceeds that of other companies in the same industry is that all of the company's industries are centered around the photovoltaic industry, and all its subsidiaries are involved in the industry, while other photovoltaic industries In addition to the photovoltaic industry, listed companies have other industries to supplement.
“In 2012, the photovoltaic industry was generally affected by shrinking demand and overcapacity, and friction between PV companies increased, resulting in continued decline in PV products, resulting in a sharp decline in sales. The company was hit harder,†the source said.
However, after Tianlong Optoelectronics, which reported a huge loss, was sold out, the company’s share price rose. "According to our understanding, the ex-factory price of polysilicon has increased by more than 15% year-to-date, and the prices of other PV modules have also generally increased. However, it is too early to assert that the reversal is now, after all, it is only until February. Moreover, the warming trend is transmitted from downstream to The equipment industry in which the company is located also takes time," analysts said.
GEM Loss King
"The company has two major losses in 2012. In addition to normal operating losses, more importantly, asset impairment losses are serious," Tianlong Optoelectronics Securities said.
Up to now, from the situation of four PV equipment listed companies that have released the annual results forecast, Tianlong Optoelectronics only lost more than the loss of the other three PV equipment listed in the year.
Just like Jinggong Technology (002006), a company listed on the photovoltaic equipment, it also released the annual performance report. During the reporting period, Jinggong Technology realized a total consolidated business income of 728.45 million yuan, a decrease of 69% over the same period of the previous year; operating profit, total profit and net profit attributable to shareholders of listed companies were -19.916 million yuan, -18.553 million yuan and -177.32 million yuan, down 142%, 139% and 129% respectively over the same period of last year.
"Several companies have similar products, but the industrial structure is not the same. As far as we know, in addition to photovoltaic equipment, Jinggong Technology is also involved in new fields of construction, building materials and special equipment for textiles." The personnel of the securities department said.
It is worth mentioning that behind the huge loss of 470 million yuan reported by Tianlong Optoelectronics, the company has revised its performance forecast twice. Previously, Tianlong Optoelectronics disclosed the third quarterly report for 2012 on October 25, 2012. The company reported in the third quarter of last year that due to the sluggish PV industry and the company’s large losses in the first three quarters of last year, the company is expected to 2012. The annual net profit loss was 115 million yuan to 130 million yuan, a year-on-year decrease of 284.71% to 308.80%. However, by January 31, 2013, when the company issued a revised announcement, its loss hole quickly expanded to 380 million yuan - 460 million yuan.
In this regard, the above-mentioned Tianlong Optoelectronics Securities Department admitted that although the company's risk control decision-making procedures are not problematic, the company has made mistakes in the judgment of customers and the future direction of the market.
In the loss of 470 million yuan in 2012, in addition to the operating loss of 150 million yuan due to normal operations, according to the principle of prudence of relevant accounting standards, the company also accrued receivables, inventories, fixed assets, intangible assets and goodwill. Adequate bad debt provision, inventory depreciation reserve and asset impairment provision. The above-mentioned impairment amount amounts to approximately 230 million to 310 million yuan.
Not only that, but the company has also been involved in the debt crisis of the Sun. Earlier, Tianlong Optoelectronics revealed in the semi-annual report last year that the company's accounts receivable for the Super Sun were 126 million yuan. Since then, Tianlong Optoelectronics announced on July 13, 2012 that the company intends to provide a guarantee of no more than 200 million yuan for the bank loan of Shanghai Chaori Solar Technology Co., Ltd.
"The company is making full efforts to recover the money. At present, it has recovered about 20 million yuan. The company has made some provision for the super-day receivables," the source said.
Controlling shareholders waiting for opportunities
On January 10, 2013, Tianlong Optoelectronics announced that the company's controlling shareholder Changzhou Noah Technology Co., Ltd. (Noah Technology) held 61,192,406 shares held on December 27, 2012. Noah Technology plans to reduce its holding of no more than 16 million shares of the company within six months from January 15, 2013 to July 15, 2013, which is no more than 8% of the company's total shares.
Tianlong Optoelectronics said that the controlling shareholder's reduction is because Noah Technology needs capital turnover. According to the data, as early as September 2011, Noah Technology and Shandong Guoxin signed the “Equity Pledge Contract of Tianlong Optoelectronics of Luxin-Hengxin No. 3 Collective Capital Trustâ€, with 12.5 million shares of the company held by the company. And its derivative rights, providing equity pledge performance guarantee for the smooth performance of the above-mentioned contract signed with Shandong Guoxin.
At the beginning of the pledge on October 18, 2011, Tianlong Optoelectronics' share price was still above 18 yuan, and the market value of 12.5 million shares reached 225 million yuan, which was 2.25 times of the total issue amount of 100 million yuan. As of the close of February 27, Tianlong Optoelectronics has dropped sharply to 6.16 yuan, and the market value of this part of the equity pledge has shrunk to 77 million yuan. Therefore, Noah Technology is also trying to fill the trust pledge hole.
It is worth mentioning that the controlling shareholder's plan to reduce the holdings has just fallen. On February 7, Noah Technology's first cashout has surfaced. Tianlong Optoelectronics announced that Noah Technology’s 4 million shares of restricted shares that were pledged to the Shanghai Pudong Development Bank’s Zhengzhou Branch on July 13, 2011 were released on February 5, 2013, and Noah Technology immediately passed the bulk The trading platform cashed in at a price of 5.72 yuan for 22.88 million yuan.
Among the shares held by Noah Technology, in addition to the 4 million shares that have been decommissioned above, 57.1 million shares remain in the pledge stage.
"As of now, we have not yet received notice of the pledge of other pledge shares of the controlling shareholder," said the Tianlong Optoelectronics Securities Department.
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. ) 
Our production capacity of flexible PCB is increasing, now we can make flex and Rigid-Flex PCB with high quality, professional services, and fast delivery.
On February 28th, Tianlong Optoelectronics (300029) released the 2012 annual performance report. The express report showed that the company ranked the chief of the loss list of the GEM company with a loss of nearly 500 million yuan.
February 02, 2020