Tianlong Optoelectronics recently announced that the company signed an agreement on July 31 to sell silicon single crystal furnace to Inner Mongolia Minaig Photovoltaic Materials Co., Ltd. (hereinafter referred to as Inner Mongolian Naji), with a contractual amount of 18.15 million yuan. It is worth noting that the operation status of Inner Mongolia Dinaji is worrying and it is currently insolvent. In addition, the company has a relationship with Tianlong Optoelectronics. In fact, the controlling person Zhou Wei is the actual controller of the listed company, Zhou Rongsheng and Gu Yizhen. The contractor’s net assets are negative On August 4, Tianlong Optoelectronics announced that the company intends to sell DRF85 type straight-drawing silicon single crystal furnace to Inner Mongolia Jinnaji. The two parties signed an agreement on July 31, 2015, with a contract amount of 18.15 million yuan. Tianlong Optoelectronics will Deliver equipment by December 31st. According to the data, Inner Mongolia Danaji was established in 2006 with a registered capital of 15.63 million US dollars. It is a foreign-owned legal person engaged in solar cell and module, semiconductor equipment silicon materials and its products. Its main business in the last three years is the production and sales of solar grade monocrystalline silicon wafers and semiconductor grade monocrystalline silicon wafers. It is worth noting that the net assets of Inner Mongolia Cannaji have been negative. According to the announcement, as of June 30, the net assets of Inner Mongolia Minaji were -818.67 million yuan. In 2014, it realized operating income of 30,917,700 yuan and net profit of 760,100 yuan. The current situation of the operation of Inner Mongolia Cannaji has caused people to have doubts about the successful completion of the contract between the two parties. In fact, Tianlong Optoelectronics had previously had a situation in which the contract was difficult to recover. In July 2012, Tianlong Optoelectronics signed an order of 117 million yuan with Inner Mongolia Fengwei Photovoltaic. Subsequently, the company received a prepayment of 10 million yuan in August of that year and sent 21 polycrystalline ingot furnaces to it in February 2013. However, as of Tianlong Optoelectronics' release of the 2013 annual report, the remaining payment was still not in place. Listed company: digestive equipment inventory The importance of this contract of Inner Mongolia Cannaji to Tianlong Optoelectronics is self-evident. Although Tianlong Optoelectronics was fortunate to turn a profit in 2014, in fact, this was mainly due to the sale of shares in Jiangsu Zhonghao Semiconductor Equipment Co., Ltd. If we deduct non-recurring gains and losses, the company still lost 163 million yuan in 2014. In 2015, the company's main business situation is still not optimistic. In the first quarter, the non-net profit was a loss of 14.15 million yuan. On July 15, the company announced that the company's performance in the first half of the year was a loss of 20 million yuan to 25 million yuan, and the loss was mainly due to the lack of significant growth in sales. Obviously, in the context of the industry's equipment demand is cold, Inner Mongolia Cannaji's contract with a contract amount of 18.15 million yuan has certain positive significance for the improvement of the performance of listed companies. If the contract is finally implemented smoothly, it will undoubtedly increase the net profit of the listed company. Then, in the face of the current situation of the contractual party's insolvency, how will Tianlong Optoelectronics ensure that it can pay on time and successfully complete the contract? To this end, the reporter called the Tianlong Optoelectronics Securities Department as an investor. The staff said, “In this case, the company is willing to do a risk assessment if it is willing to sign. They know before the financial report of Inner Mongolia’s Jinnaji. We have also considered that the benefits outweigh the disadvantages. The company also has safeguards to recover sales after the agreement is signed. As for the details of the guarantee, this is decided by the management. I am not too clear about this." In addition, the above mentioned Tianlong photoelectric staff mentioned that the company is facing pressure on digesting equipment inventory. “Although the entire PV industry has improved, the company is still not very good at shipping. You can go to our semi-annual report and the company’s performance is still a loss. We have also encountered the situation that the money could not be recovered. However, this does not mean that the products will not be sold in the future. These products are the backlog of the company's backlog, which will cause the asset to be devalued." The above-mentioned Tianlong Optoelectronics staff further introduced that “therefore, they have cooperated with them (inner Mongolian Nayongji) in equipment procurement. They mainly purchased our equipment for technical upgrade. In fact, we also hope to sell the price of the product higher. Or a better business." In order to understand the situation more comprehensively, the reporter also called the Inner Mongolia Dinah. However, as of press time, the phone has not been connected. Regular market series generators are a type of generator that is designed to provide a continuous and reliable source of power for commercial and industrial applications. 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