Tianlong Optoelectronics released the 2013 annual results forecast on the evening of the 4th. The company expects to turn losses into profits in 2013, with a net profit of 5 million yuan to 10 million yuan.
In 2012, due to the dilemma of the photovoltaic industry, Tianlong Optoelectronics, which is the main photovoltaic consumable, lost 511 million yuan. For the reason that this year's performance has improved, Tianlong Optoelectronics said that the impact of non-recurring gains and losses on net profit is about 60 million yuan to 70 million yuan, which is expected to be mainly the company's land transfer income and government subsidy income. Since the second half of 2013, the situation of downstream customers in the photovoltaic industry has gradually improved. The company has increased its efforts to handle inventory and solved accounts receivable through various channels and disposed of some idle assets.
Since the second half of the year, due to the stimulation of the national encouragement policy and the impact of the European double-anti-soft landing, the domestic PV downstream enterprises have improved, and the industry recovery has been transmitted to the upstream equipment supply side of the company. Although there is a certain lag period, the performance from the first three quarters In view, the loss situation of Tianlong Optoelectronics has eased.
Tianlong Optoelectronics said that one of the company's measures to solve the accounts receivable is to cooperate with ST Chaori. Up to now, the company's accounts receivable balance of ST Chaori and its subsidiaries reached 115 million yuan, and ST Chaori currently has serious operating losses, and there are obvious difficulties in payment. In this context, on November 1st, the company signed a “Cooperative Production and Operation Agreement†with ST Super Japan, stipulating that the two parties will cooperate in the production of silicon wafers and battery sheets for a two-year cooperative production operation.
The company is responsible for purchasing the raw and auxiliary materials needed for production and providing part of the working capital. ST Chaori cooperates with the wholly-owned subsidiary Luoyang Chaori and Jiujiang Chaori's factory buildings, some production equipment and technical processes, and the two parties share the factory buildings. Depreciation expenses for equipment, each of which bears 33.12 million yuan / year. The depreciation charge borne by Tianlong Optoelectronics is offset from the payment of Tianchao Optoelectronics by ST Chaori, and the products and their sales proceeds are owned by the company. It is expected that the cooperation will affect the reduction of special bad debts by 30-40 million yuan.
Tianlong Optoelectronics said that this cooperation will gradually solve the problem of ST's receivables in the case of difficulties in the collection of accounts receivable; secondly, it will increase revenues in anticipation of the recovery of the photovoltaic industry. For ST Super Day, it is wise to revitalize resources and resume production as soon as possible.
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