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Tianlong Optoelectronics believes that in 2012, the photovoltaic market is still affected by the European debt crisis, the global economic slowdown and the instability of relevant national policies. The demand is sluggish, the surplus of photovoltaic products, the price plummeted, and the whole industry is basically at a loss. The downturn in the downstream market and the slowdown in investment have put some pressure on the company.
Under such a background, the number of sales orders for Tianlong Optoelectronics equipment has dropped significantly, and some orders have been requested to be postponed. The polycrystalline demonstration plant lost money. Due to the lack of downstream operations, Shanghai Jims Electronic Materials Co., Ltd., a holding subsidiary of the photovoltaic consumables chain, and Changzhou Tianlong Light Source Materials Co., Ltd. also experienced a small loss.
However, Tianlong Optoelectronics expressed its efforts to find structural market opportunities and seize valuable orders from the market. On July 22, 2012, the company signed an Equipment Procurement and Supply Agreement with Inner Mongolia Fengwei Photovoltaic Technology Co., Ltd., which stipulated that Tianlong Optoelectronics supplied straight-through silicon single crystal furnace, polycrystalline silicon ingot furnace, etc. to Fengwei Photovoltaic. For the product, the total amount of the contract is 11.677.5 million yuan (including tax price). At present, Tianlong Optoelectronics has received part of the advance payment of the contract. The signing of the contract will have a positive impact on the company's 2012 operating results.
At the same time, Tianlong Optoelectronics stated that it will continue to increase investment in research and development of new products. Under the efforts of the management team and all employees of Jiangsu Zhonghao Semiconductor Equipment Co., Ltd., the progress of the LED MOCVD development/industrialization project of Zhongli is in line with expectations and has achieved many stages. The result. In addition, Tianlong Optoelectronics' Jinang line project is also in the process of industrialization. 
Tianlong Optoelectronics' serious losses in the first half of 2012 decreased by 186% year-on-year
On August 16, Tianlong Optoelectronics released the 2012 semi-annual report. During the reporting period, Tianlong Optoelectronics' total operating income was approximately 130 million yuan, down 68.96% year-on-year; total profit loss was approximately 62.3 million yuan, down 159.99% year-on-year; net loss attributable to shareholders of listed companies was approximately 52.66 million yuan, down 185.87% year-on-year.