Tianlong Optoelectronics will lose money in the third quarter and become the first suspension of the GEM.

Tianlong Optoelectronics has been plagued by the recent disasters. At the same time, it was subject to the disposal of the exchanges in the third quarter, or it will become the first stock on the GEM that has been suspended.

Tianlong Optoelectronics recently announced that the company's 2012 and 2013 annual losses for two consecutive years, the company's semi-annual loss of 53.8846 million in 2014, is expected to lose 37 million to 42 million yuan in the first three quarters of 2014. If the company continues to lose money in 2014, the company's stock “Tianlong Optoelectronics” (stock code: 300029) will be suspended from the company's 2014 annual report disclosure.

The board of directors of the company will strengthen the sales of the main business with the management, actively reversing the inventory pressure; further dispose of idle assets and seek related support, and strive for annual losses.

Tianlong Optoelectronics said in the semi-annual report that the company's main business did not improve significantly during the reporting period, and sales were less, which increased the financial pressure to a certain extent. Despite this, the company has not given up the goal of turning losses around the year, striving for large quantities of product sales orders, digesting inventories, and disposing of assets is the main measure for turning losses throughout the year. At present, the company has obtained a certain number of orders for polycrystalline furnaces. If the contract is successfully implemented this year, it will also bring certain benefits to the company while digesting the inventory.

This year, the LED industry is developing rapidly, and the demand for sapphire market continues to grow. The company seizes the opportunity to expand sales of sapphire furnaces. At present, the company has mastered two different crystal growth methods, namely, the bubble generation method and the guided mold method, and the company will further accelerate the product upgrade to guide the market demand.

In addition, the Shenzhen Stock Exchange recently disclosed the decision to give notice to Tianlong Optoelectronics and related parties. The company and related parties have the following violations: On October 5, 2013, the company disclosed the 2013 annual results forecast, which is expected to belong to the listed company in 2013. The net profit of shareholders is 5 million yuan - 10 million yuan; the 2013 results report disclosed on February 28, 2014 shows that the net profit attributable to shareholders of listed companies is 6.0852 million yuan; 2013 disclosed on April 22 The annual performance report amendment announcement shows that the net profit attributable to shareholders of listed companies -1300.591 million yuan, consistent with the 2013 annual report disclosed on April 25.

The difference between the company's performance forecast and the pre-corrected performance of the net profit forecast and the actual amount in 2013 is 1,005.91 million yuan and 136,414,300 yuan, the difference rate is -107.69%, -104.68%, and the revised announcement of the performance report is seriously lagging behind.

The above acts violated the relevant regulations. The chairman of the company, Feng Jinsheng and the then general manager Chen Bihong failed to fulfill their duties and perform their duties of integrity and diligence, and the relevant punishments will be recorded in the integrity documents of listed companies and announced to the public.

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