Tianlong Optoelectronics expects to continue to lose money in the first three quarters.
From the initial listing, it was optimistic about the "future star" of China's photovoltaic equipment industry. Nowadays, it is busy trying to protect the shell. In less than 7 years, Jiangsu Huasheng Tianlong Optoelectronic Equipment Co., Ltd. (hereinafter referred to as Tianlong Optoelectronics) It seems that I took a "roller coaster". Recently, Tianlong Optoelectronics released a performance forecast. The company expects the net profit attributable to shareholders of listed companies from January to September 2016 - 30 million to -25 million yuan. It is worth noting that this is the company's second consecutive year of performance losses, and according to the new version of the "GEM Listing Rules", a continuous loss of 3 years will be directly delisted. "Daily Economic News" reporter learned that according to the current situation, the first three quarters of this year, a loss of 25 million to 30 million yuan, Tianlong Optoelectronics want to achieve reverse profit and loss in the fourth quarter is not difficult. If the company's performance this year is still unable to pick up, the time left for Tianlong Optoelectronics is only one year left. Performance year after year loss In Tianlong Optoelectronics' "2016 first quarter performance forecast", from January to September this year, the company's shareholders' net profit attributable to listed companies lost 25 million to 30 million yuan, a loss of 35.43 million yuan in the same period last year. For the company's performance continued to lose money, Tianlong Optoelectronics explained that the main cost is higher. It is estimated that the impact of non-recurring gains and losses on net profit from January to September is 13.257 million yuan. This is Tianlong Optoelectronics' second consecutive year of losses, but the company's operation seven years ago can be described as another scene. In December 2009, Tianlong Optoelectronics, which specializes in monocrystalline silicon growth furnaces, grinding machines, sapphire crystal growth furnaces and photovoltaic power plants, officially landed on the GEM of the Shenzhen Stock Exchange. At that time, the company achieved operating income of 290 million yuan, net profit of 68 million yuan, an increase of 16.17%. By 2011, Tianlong Optoelectronics announced that its operating income was 842 million yuan, an increase of 86.10% year-on-year. The net profit attributable to shareholders of listed companies was 62 million yuan, down 27.08% year-on-year. The "Daily Economic News" reporter noted that the company said that it was affected by the global PV industry downturn. In 2012, the company's operating income was only 176 million yuan, down 79.09% year-on-year. The net profit attributable to shareholders of listed companies was -511.1 million yuan, a year-on-year decline of 921.28%. In fact, in 2013, the company’s performance did not appear to be a “miracle†to reverse the profit. The company’s net profit attributable to ordinary shareholders of listed companies was a loss of 130 million yuan. In the first three quarters of 2014, the company's loss was still as high as RMB 62 million. According to the regulations, the GEM listed companies will be directly delisted after three consecutive losses. In this regard, Tianlong Optoelectronics announced on November 22, 2014 that since 2011, the subsidiary Jiangsu Zhonghao Semiconductor Equipment Co., Ltd. (hereinafter referred to as Jiangsu Zhonghao) has been losing money, the company believes that the transfer of Jiangsu Zhongyu Equity is the only way to achieve a turnaround in 2014. Tianlong Optoelectronics also really "being the right treasure", the company achieved a turnaround in 2014, with a profit of 29.4732 million yuan. However, due to the downturn in the company's main business, despite its profitability in 2014, Tianlong Optoelectronics once again suffered a huge loss of 360 million yuan in 2015. As of the first three quarters of 2016, the company is still mired in a downturn in performance. The main business continues to be depressed In addition to the company's performance has not been able to recover, Tianlong Optoelectronics is also tired of other things. On August 18 this year, due to a loan dispute, Tianlong Optoelectronics was required to pay a total of 38 million yuan. In addition, in September last year, Tianlong Optoelectronics was blamed for the violation of the regulations and was sued by four natural persons. In September of the same year, the company also received a civil judgment. Due to a financial loan contract dispute, the company's subsidiary Shanghai Jiemus Electronic Materials Co., Ltd. was required to compensate Nanjing Bank Shanghai Branch for 200,000 yuan. Not only that, because Changzhou Noah Technology Co., Ltd., the controlling shareholder of Tianlong Optoelectronics Co., Ltd. (hereinafter referred to as Changzhou Noah), borrowed 35 million yuan from Tianlong Optoelectronics on March 4, 2015, and returned the loan on March 12, 2015. The Shenzhen Stock Exchange believes that Changzhou Noah’s borrowing from Tianlong Optoelectronics belongs to the controlling shareholder’s non-operating occupation of listed company funds. Therefore, Tianlong Optoelectronics and Changzhou Noah were publicly condemned by the Securities and Futures Commission. In addition to the above issues, the "Daily Economic News" reporter noted that the actual controller of Tianlong Optoelectronics has also been frequently replaced in recent years. In November 2014, Tianlong Optoelectronics announced that Beijing Lingguang Energy Investment Co., Ltd. (hereinafter referred to as Beijing Lingguang) plans to increase capital of 110 million yuan to Changzhou Noah. After the capital increase, Beijing Lingguang holds 81.48% of Changzhou Noah’s equity. Indirectly controlled 20.05% of Tianlong Optoelectronics and became the largest shareholder of Tianlong Optoelectronics. This also means that the actual controller of the company has also become Zhou Rongsheng and Gu Yi (when Shanghai Jingmei holds a 40% stake in Beijing Lingguang, and the above two holders hold the entire share capital of Shanghai Jingmei). It is worth noting that the above-mentioned increase in holding behavior also saved Tianlong Optoelectronics in a certain sense. In the near future, the actual controller of the company changed hands again. On July 20 this year, the company received a notice from the controlling shareholder, Changzhou Noah. Fujian merchant Chen Hua invested 80 million yuan in cash to acquire 40% equity of Beijing Lingguang held by Shanghai Jingmei and 20 million yuan in cash to acquire Beijing held by Hu Xiaoxing. 10% equity of Lingguang. Upon completion of the acquisition, Chen Hua will hold a 50% stake in Beijing Lingguang and indirectly control 40,455,200 shares of the listed company with a shareholding ratio of 20.23%. After the completion of the equity delivery, the actual controller of the listed company Tianlong Optoelectronics changed to Chen Hua. It is still unclear what kind of changes will happen to Tianlong Optoelectronics, which is on the verge of delisting, under the control of the new actual controller. However, the current downturn in the company's main business is a fact. "China's photovoltaic industry is developing rapidly, and technological progress is also very fast, but the core problem is that there are not many companies that make money at present." Lin Boqiang, director of the Xiamen University Energy Economic Research Center, told reporters. PERSONAL PROTECTION Welding Protection,Auto-Darkening Welding Helmet,Welding Gloves,Welding Glasses Changzhou Edaweld Trading Company Limited , https://www.edaweld.com
It is essential that the operator and helpers be properly clothed and protected because of the heat, ultra-violet rays, and sparks, produced by the arc welder (See Figure 3). For body protection a pair of fire retardant long sleeved coveralls without cuffs is a good choice. Always avoid clothing with tears, snags, rips, or worn spots as these are easily ignited by sparks. The sleeves and collars should be kept buttoned. The hands should be protected with leather gauntlet gloves. A pair o high top leather shoes, preferably safety shoes, is good protection for the feet. If low shoes are worn the ankles should be protected by fire resistant leggings. Eyes should be protected by transparent goggles if the person wears prescription glasses or safety glasses if not. A welding helmet or hand shield with filter plate and cover plate is mandatory for eye protection from the harmful rays of the arc. The filter plate should be at least shade #10 for general welding up to 200 amps. However, certain operations such as carbon-arc welding and higher current welding operations require darker shades. Never use a helmet if the filter plate or cover lens is cracked or broken. A flame-proof skull cap to protect the hair and head as well as hearing protection in noisy situations is recommended.
Plastic disposable cigarette lighters are very dangerous around heat and flame. It is very important that they not be carried in the pockets while welding. Always provide protection to bystanders or other workers by welding inside a properly screened area, if possible. If unable to work inside a screened area then protection to others should be provided by a portable screen or shield, or by their wearing anti-flash goggles.
SAFE OPERATION OF THE WELDER
It is important that anyone operating an arc welder be instructed on its safe use by a qualified teacher or welder.
Because of their potentially explosive nature, we strongly recommend that no welding, cutting, or hot work be attempted on used drums, barrels, tanks, or other containers under any circumstances.
If possible, work to be welded should be placed on a firebrick surface at a comfortable height. Welding should never be done directly on a concrete floor. Heat from the arc can cause steam to build-up in the floor which could cause an explosion. The welder cables should be positioned so that sparks and molten metal will not fall on them. They should also be kept free of grease and oil and located where they will not be driven over.
Electric welders can kill by electric shock. If the welding operation must be done on steel or other conductive material an insulating mat must be used under the operator. If the welding area is wet or damp or the operator is actively perspiring then he/she should wear rubber gloves under the Welding Gloves.
It is easier and safer to establish an arc on a clean surface than a dirty or rusty one. Therefore, metal should always be thoroughly cleaned by wire brushing or other method prior to welding. When chipping slag or wire brushing the finished bead the operator should always be sure to protect his eyes and body from flying slag and chips. Unused electrodes and electrode stubs should not be left on the floor as they create a slipping hazard. Hot metal should be handled with metal tongs or pliers. When quenching hot metal in water it should be done carefully to prevent painful burns from the escaping steam. Any metal left to cool should be carefully marked "HOT" with a soapstone. When welding is finished for the day or suspended for any length of time electrodes should be removed from the holder. The holder should be placed where no accidental contact could occur, and the welder should be disconnected from the power source.
SAFETY PRECAUTIONS FOR ENGINE POWERED WELDERS
Always operate in an open well-ventilated area or vent the engine exhaust directly outdoors.
Never fuel the engine while running or in the presence of an open flame.
Wipe up spilled fuel immediately and wait for fumes to disperse before starting the engine. *Never remove the radiator pressure cap from liquid cooled engines while they are hot to prevent scalding yourself.
Stop the engine before performing any maintenance or trouble shooting. The ignition system should be disabled to prevent accidental start of the engine.
Keep all guards and shields in place.
Keep hands, hair, and clothing away from moving parts.
FIRST AID
The welding area should always be equipped with a fire blanket and a well stocked first aid kit. It is desirable that one person be trained in first aid to treat the minor injuries that may occur. All injuries, no matter how minor they may seem can become more serious if not properly treated by trained medical personnel.
KEY POINTS TO REMEMBER
Be sure the welder is properly installed and grounded.
Never weld without adequate ventilation.
Take proper precautions to prevent fires.
Protect your entire body with fire retardant clothing, shoes, and gloves.
Wear eye protection at all times.
Weld only in a firesafe area.
Never do any welding, cutting, or hot work on used drums, barrels, tanks, or other containers.
Mark metal "HOT" with a soapstone.
Keep a well stocked first aid kit handy.