Delisting warnings, major issues, long-term uncovering Tianlong Optoelectronics counterattack into suspense

Next, is it risk or opportunity? The investors of Tianlong Optoelectronics are very entangled at the moment. On the one hand, as the year approaches, the company may gradually approach the delisting limit due to three consecutive losses. On the other hand, the company claims to be planning to increase capital and expand shares and introduce strategic investors, but has not yet announced the exact information. On October 14th, many investors also asked the company's major events on the Shenzhen Stock Exchange's interactive platform to review and when to resume trading. In this regard, Tianlong Optoelectronics responded only to “will promptly disclose progress” and “currently Not sure yet."

In 2014, there were less than two months left, and the Tianlong Optoelectronics hijab opened up what was hidden underneath. Investors held their breath.

Intensive delisting risk warning <br> <br> from August 22 to October 10, Dragon Optical has released seven suspend the listing risk warning announcement. According to the "Shenzhen Stock Exchange GEM Listing Rules (2012 Revision)", listed companies have suffered consecutive losses in the last three years, and the Shenzhen Stock Exchange may decide to suspend its stock listing. It should be emphasized that, unlike the main board and the small and medium-sized board, if the GEM company loses for three consecutive years, there is no ST as a “probation”, but it will be suspended directly.

According to the announcement, Tianlong Photoelectric's net profit in 2012 and 2013 was 510 million yuan and 130 million yuan respectively; the loss in the first half of 2014 was 53.8846 million yuan, and the loss in the first three quarters of 2014 is expected to be 37 million yuan to 42 million yuan. For the third quarter pre-loss, Tianlong Optoelectronics said that this was mainly due to the continued downturn in the industry environment, the company's sales orders fell sharply, while the disposal of idle assets in the third quarter was not fully in place. This also means that Tianlong Optoelectronics is only one step away from the market.

It is worth mentioning that in order to improve performance and achieve profitability, Tianlong Optoelectronics has also made a lot of efforts in the main business in recent years, but the results are always not satisfactory.

In April this year, the Tianlong Optoelectronics unexpected performance revision announcement that had already achieved a turnaround, the company turned from a profit of 6.0852 million yuan to a huge loss of 130 million yuan last year. In this regard, Tianlong Optoelectronics explained that due to major operating and financial difficulties caused by some important customers, after the initial review by the accounting firm, the company's accounts receivable bad debt provision, fixed assets impairment provision, part of product income, The cost has been adjusted significantly.

In August of this year, Tianlong Optoelectronics announced that it had signed a purchase order for equipment of RMB 95 million with Guangdong Bosen Solar Energy Technology Co., Ltd. This figure is 43.07% of the company's 2013 annual operating income of 221 million yuan. The company said that if the contract can be successfully performed during the year, it will have a positive impact on the company's performance. However, information from all aspects of the market soon showed that the big order signed by Tianlong Optoelectronics was also related to the company's “land mine order” which caused the performance to change face, which made people worry about re-emerging again.

In any case, for Tianlong Optoelectronics, can you escape the fate of the delisting and see what kind of shell-protection the company can offer in the fourth quarter. In this regard, in the suspension of listing risk warning announcement, Tianlong Optoelectronics said that the company's board of directors will strengthen the sales of the main business with the management, actively turnover inventory pressure; further dispose of idle assets and seek related support, and strive for annual losses.

Uncovery postpone major issues <br> <br> in the final this time, many investors put the stick Dragon Optical bet on asset restructuring.

On September 9, Tianlong Optoelectronics suspended trading due to major issues. On September 16, the company further announced that the founding shareholder of the controlling shareholder Noah's natural person in Noah hopes to introduce new strategic investors through capital increase and share expansion to further optimize the corporate governance structure of Changzhou Noah and seek new development opportunities for Tianlong Optoelectronics. Enhancing the value of listed companies is in the long-term interests of all shareholders.

The announcement on the progress of major events and the suspension of stock suspensions indicates that the successful introduction of strategic investors will lead to changes in the structure and actual controller of Tianlong Optoelectronics' controlling shareholder, but will not affect the independence of Tianlong Optoelectronics' listed entities. Sex, the main business of Tianlong Optoelectronics will not change, and the core backbone personnel of Tianlong Optoelectronics will not change. At present, both parties to the transaction have entered the stage of discussion of the commercial terms and related information, but it will take some time.

It should be pointed out that the company also said that in view of the above-mentioned uncertainties, in order to avoid abnormal fluctuations in the company's stock price, Tianlong Optoelectronics shares will continue to be suspended, but will resume trading and announce it no later than September 26 this year.

However, investors are anxious that on September 26, Tianlong Optoelectronics finally lost the contract for resumption of trading. As of yesterday, the company is still in a state of suspension, and a new announcement issued by the company on October 10 stated that the parties to the transaction of major events are still in the negotiation stage.

It is no wonder that investors are not sure. Tianlong Optoelectronics has had two precedents for major events without a disease. Since June 3, 2013, Tianlong Optoelectronics has suspended the major asset restructuring of the acquisition of 100% equity of Dalian Liancheng, but after 23 days, the matter was terminated due to long time and unconditional conditions; on March 3, 2014, Tianlong Optoelectronics once again suspended the planning of the controlling shareholder's equity transfer, and the transfer counterparty was a downstream enterprise in the photovoltaic industry. However, three months later, the matter was aborted because the two parties failed to reach an agreement on the transfer price.

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