Tianlong Optoelectronics estimates Q1 net profit or loss of 20 million to 25 million yuan

Tianlong Optoelectronics released the first quarter 2013 results forecast. The company expects a net profit loss of 20 million yuan to 25 million yuan attributable to shareholders of listed companies, which will be 40%~70% lower than the same period of the previous year. In the same period of last year, the company lost RMB 141.78 million.

The company's first quarter 2013 results in losses, of which non-recurring gains and losses on the net profit amounted to about 1.1 million yuan, the photovoltaic industry is affected by shrinking demand and overcapacity, resulting in the company's operating conditions continue to deteriorate.

This performance forecast is the result of preliminary calculations by the company's finance department, and has not been audited by an auditor. Specific data for the first quarter of 2013 will be disclosed in detail in the company's 2013 first quarter report.

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