Tianlong Photoelectric continues to face trading risk warnings

Jiangsu Huasheng Tianlong Photoelectric remains subject to other risk warnings due to several factors. The company's production and operations continue to be significantly impacted, stemming from the original mono-crystalline furnace and polycrystalline furnace product lines not securing market orders since December 2018. An audit report indicated that its net assets were negative as of the end of 2024 and that the company's auditor had raised concerns about the company's ability to continue operating. Tianlong Photoelectric also disclosed the status of a dispute involving a major shareholder and accounts of a subsidiary that remain frozen. The company reported CNY 38,511,168.67 in new EPC contracts and CNY 42,251,262.72 in new equipment sales agreements in 2024, but still anticipates a net loss attributable to shareholders of CNY 27,303,694.80 for the year. Trading in the company's shares is subject to heightened monitoring by the Shenzhen Stock Exchange.