Tianlong Optoelectronics suffered a depreciation risk of RMB 51.88 million in the first half of 2014

On the evening of August 21, Tianlong Optoelectronics announced the risk warning announcement that it may be suspended. The company's 2012 and 2013 annual losses for two consecutive years, the company's 2014 semi-annual loss of 53.8846 million yuan, is expected to lose 37 million yuan in the first three quarters of 2014 - 42 million yuan.

According to Article 13.1.1 (1) of the “Shenzhen Stock Exchange GEM Listing Rules (2012 Revision)”, “The listed company has suffered consecutive losses for the last three years (in the same year as the annual financial accounting report disclosed in the last three years). In the case of audited net profit, we may decide to suspend the listing of its shares. If the company continues to lose money in 2014, the company's stock “Tianlong Optoelectronics” may be suspended from the company's 2014 annual report disclosure.

The company said that the board of directors will strengthen the sales of the main business with the management, actively reversing the inventory pressure; further dispose of idle assets and seek related support, and strive for annual losses.

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