Tianlong Optoelectronics announced that on January 9, 2013, the company received the “Share Reduction Plan†of Changzhou Noah Technology Co., Ltd. (hereinafter referred to as Noah Technology), the controlling shareholder and actual controller of the company. Noah Technology plans to reduce the holding of no more than 16 million shares of the company through centralized bidding or block trading from January 15 to July 15, 2013, which is no more than 8% of the company's total shares. The purpose of the reduction is to "for capital turnover."
Noah Technology currently holds 61,114,400 shares of Tianlong Optoelectronics, accounting for 30.6% of the company's total share capital. This part of the stock was only lifted on December 27 last year. This also means that the shares held have just been lifted, and Noah Technology will start to reduce its holdings.
On December 25, 2009, Tianlong Optoelectronics entered the A-share market as the second batch of listed GEM companies. The net profit for the year was 68.396 million yuan, a year-on-year increase of 16.16%. By 2010, the net profit increased by 24.8% year-on-year. Satisfied with people, the company's stock has also been favored by many institutions. However, in 2011, the company's performance suddenly showed a significant decline, and according to the 2012 third quarter report, it even suffered a loss of more than 80 million yuan.
What is worrying is that due to the sluggish PV industry and the difficulty of improvement, and the large amount of losses in the first three quarters of last year, Tianlong Optoelectronics expects a loss of 115 million to 130 million yuan last year.
It should be pointed out that in 2011, when the company's performance suddenly fell, the stock price also ushered in a "significant turning point". After hitting a high of 38.24 yuan per share, it embarked on a long journey of nearly two years. As of the close of January 9, the stock price has fallen to 5.21 yuan / share, less than 15% of the original high price. At the same time, it is far lower than the issue price of 18.18 yuan/share three years ago.
Noah Technology currently holds 61,114,400 shares of Tianlong Optoelectronics, accounting for 30.6% of the company's total share capital. This part of the stock was only lifted on December 27 last year. This also means that the shares held have just been lifted, and Noah Technology will start to reduce its holdings.
On December 25, 2009, Tianlong Optoelectronics entered the A-share market as the second batch of listed GEM companies. The net profit for the year was 68.396 million yuan, a year-on-year increase of 16.16%. By 2010, the net profit increased by 24.8% year-on-year. Satisfied with people, the company's stock has also been favored by many institutions. However, in 2011, the company's performance suddenly showed a significant decline, and according to the 2012 third quarter report, it even suffered a loss of more than 80 million yuan.
What is worrying is that due to the sluggish PV industry and the difficulty of improvement, and the large amount of losses in the first three quarters of last year, Tianlong Optoelectronics expects a loss of 115 million to 130 million yuan last year.
It should be pointed out that in 2011, when the company's performance suddenly fell, the stock price also ushered in a "significant turning point". After hitting a high of 38.24 yuan per share, it embarked on a long journey of nearly two years. As of the close of January 9, the stock price has fallen to 5.21 yuan / share, less than 15% of the original high price. At the same time, it is far lower than the issue price of 18.18 yuan/share three years ago.
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