Tianlong photoelectric was a large number of large contract parties cited concerns

According to the daily economic news, Tianlong photoelectric recently announced, in July 31st the company signed an agreement, intends to Inner Mongolia Sheng Najib photovoltaic materials Co. Ltd. (hereinafter referred to as Inner Mongolia shengnaji) sales of single crystal silicon, the contract amount of 18 million 150 thousand yuan.

It is worth noting that, worrying Inner Mongolia shengnaji operating conditions, has been insolvent. In addition, the company and the existence of the relationship between Tianlong photoelectric, in fact, for the control of the company for the actual control of listed companies Zhou Rongsheng, the son of Gu Yizhen.

The net assets of the contracting parties are negative

August 4th, Dragon Optical announcement that the company intends to Inner Mongolia shengnaji sales type DRF85 Czochralski silicon single crystal furnace, both sides signed an agreement in July 31, 2015, the contract amount is 18 million 150 thousand yuan, Tianlong photoelectric devices in December 31st will be delivered.

Statistics show that Inner Mongolia shengnaji was founded in 2006, registered capital of $15 million 630 thousand, is a foreign legal person engaged in solar cell and semiconductor device module, silicon materials and products of business owned enterprises. In the last three years, its main business is the production and sales of solar grade monocrystalline silicon and semiconductor silicon wafer.

It is worth noting that the net assets of Inner Mongolia Sheng Najib has a negative. Announcement shows that as of June 30th, the net assets of Inner Mongolia shengnaji was -8186.7 million. And in 2014, in fact, operating income of 30 million 977 thousand and 700 yuan, net profit of $760 thousand and 100.

Operation status of Inner Mongolia shengnaji, people had doubts on both sides of the contract can be completed successfully. In fact, long before the contract has been difficult to recover the situation. July 2012, Tianlong optoelectronics and Inner Mongolia Wei Wei photovoltaic signed a $117 million order. Subsequently, the company received $10 million in advance in August of that year, and in February 2013 to send it to the 21 polycrystalline ingot furnace. However, as of the end of 2013, when the annual report released, the remaining payment is still not in place.

Listed companies: digestive equipment inventory

Inner Mongolia shengnaji contract on the importance of Tianlong photoelectric self-evident.

Although fortune in 2014, fortunately, profitability, but in fact, this is mainly due to the sale of Jiangsu Sheng semiconductor equipment co.. If deducting non recurring gains and losses, the company is still a loss of 163 million yuan in 2014. Into 2015, the company's main business situation is still not optimistic, in the first quarter net profit of 14 million 150 thousand yuan deduction of losses. In July 15th, the results of the notice issued in Tianlong, the company is expected in the first half net profit attributable to a loss of 20 million yuan ~2500 million, while the main reason for the loss is not significant growth in sales.

Obviously, in the industry equipment demand freeze in the background, the significance of improving the performance of Listed Companies in Inner Mongolia shengnaji contract amounting to 18 million 150 thousand yuan of orders. If the contract is finally implemented, will undoubtedly increase the net profit of listed companies.

So, in the face of the current situation of the contract insolvent, Tianlong photoelectric how to ensure that it can pay on time, the successful completion of the contract?

To this end, the reporter to the identity of the investor call Tianlong photoelectric securities department, its staff said, in this case, the company is willing to sign, it is to do a risk assessment. They (Inner Mongolia shengnaji) before the financial report will know, we also considered, that is more good than harm. The company also has security measures in the agreement after the resumption of sales. As for the protection of the details, this is decided by the management, I am not too clear. "

In addition, the above mentioned dragon photoelectric staff, the company is facing the pressure of inventory digestion equipment. Although the entire PV industry has improved, but the company is still not very good in terms of shipments. You can go to see our semi annual report, the company's performance is still a loss. We have encountered before the money can not be returned, but this does not mean that the future does not sell products. These products are the company's backlog of inventory, where there will be an asset impairment. "

The Tianlong photoelectric staff further said, "before the fact and they (Inner Mongolia shengnaji) had equipment purchase cooperation, they mainly buy our equipment to upgrade technology. In fact, we also hope that the price of the product to sell higher, or better business. "

For a more comprehensive understanding of the situation, the reporter also call the Inner Mongolia shengnaji. But as of press time reporter, the phone has not been connected.

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