Tianlong Optoelectronics was listed on GEM at the end of 2009. The company's main products are mainly used in photovoltaic solar energy, LED and semiconductor fields.
Only three years later, 20 12 suffered its first loss year since its listing. In that year, Tianlong Optoelectronics lost money and the amount of loss was as high as 5 1 1 100 million yuan; Losses continued in 20 13 years, with losses of 1 and 300 million yuan.
20 14, the situation has not improved, with a loss of 62.47 million yuan in the first three quarters. At the moment of frequent delisting, Tianlong Optoelectronics turned losses into profits by transferring subsidiaries and restructuring debts before the end of the year.
Its 20 15 annual report shows that the loss last year reached 358 million yuan. In this regard, the company explained that the amount of losses last year was relatively large, mainly because the income did not increase significantly during the reporting period. At the end of the period, according to the principle of prudence, provision is made for impairment of fixed assets, provision for depreciation of inventories and provision for bad debts for uncollectible receivables.