According to preliminary estimates by the finance department, Tiantong is expected to have a loss in its 2012 annual operating results, and the net profit attributable to shareholders of listed companies will be -185 million yuan to -195 million yuan. The company's net profit attributable to shareholders of listed companies during the same period last year was RMB 12,103,073.39, and earnings per share: RMB 0.021. The above forecast data is only preliminary accounting data. The specific and accurate financial data is subject to the audited 2012 annual report officially disclosed by the company. Investors are advised to pay attention to investment risks. Led Flood Light is a good
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Tiantong shares said that the main reasons for the pre-loss of the current performance are as follows:
(1) The magnetic materials industry was affected by the European debt crisis and the economic environment at home and abroad. The export sales of products dropped sharply, and the construction period of Anhui Lu'an was in the construction period. In the short term, the production could not be fully realized, and the fixed costs and expenses increased accordingly.
(2) The solar photovoltaic industry is affected by factors such as imbalance between supply and demand and the “double opposition†of the United States and the European Union, as well as the provision for depreciation of related inventory and equipment impairment provision at the end of the period;
(3) After more than two years of efforts, the LED sapphire project has achieved certain breakthroughs in technology, but market development and full-scale production still require a certain process. In order to realize the benefits as soon as possible, the company's early research and development expenses and other various expenses are relatively large, which increases the company's operating costs, thereby increasing the company's losses;
(IV) Tiantong Jicheng Machine Technology Co., Ltd., a subsidiary of the company, was affected by the slowdown of domestic macroeconomic development. Although the sales and profits of traditional product-specific machine tool products increased, due to the influence of photovoltaic and electronic industry equipment, Orders and sales have fallen sharply; in 2012, more new products were developed, which increased management costs and manufacturing costs, resulting in a significant decline in profits. Due to the influence of equipment in the electronics industry, Jicheng’s subsidiary, Jiaxing, has significantly reduced orders and lost money in 2012, which makes the combined profit of Jicheng negative.
(5) For the future development of the company, the company has increased the input and layout of human resources and sales channels, and correspondingly increased certain personnel costs and expenses.
Fourth, other matters needing to explain 
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January 25, 2020