Turning losses into surplus Tianlong Optoelectronics can get rid of the delisting crisis?

Tianlong Optoelectronics (300029) released the 2014 annual results forecast on the evening of January 30. The company expects the net profit attributable to shareholders of listed companies in 2014 to be 20 million yuan to 25 million yuan, which will turn losses into profits.

1. The company turned losses into profit in 2014, and the impact of non-recurring gains and losses on net profit was approximately RMB 1993.80 million. Mainly include: (1) The company's transfer of its subsidiary, Jiangsu Zhonghao Semiconductor Equipment Co., Ltd., 46.37% of the equity generated revenue is estimated to be 167.29 million yuan; (2) debt discount is expected to achieve a revenue of 14.11 million yuan; (3) Shanghai Chaori Solar Technology The company's accounts receivable impairment provision was transferred back to 12.43 million yuan.

2. In the first three quarters of 2014, the company suffered a loss of -62.47 million yuan. In the fourth quarter, the company's operations were not satisfactory and continued to lose money. According to the principle of prudence, the company made provision for inventory depreciation.

3. In summary, the company is expected to achieve a net profit of 20 million yuan - 25 million yuan in 2014, and the final confirmation is subject to the audit of accountants. If the loss continues in 2014, the company's stock “Tianlong Optoelectronics” (stock code: 300029) will be suspended from the company's 2014 annual report disclosure.

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