Tianlong Optoelectronics said that the photovoltaic industry was generally sluggish last year. As the company's business mainly focused on the production of single crystal furnaces, polycrystalline furnaces and related consumables for photovoltaic products, it was affected by the downstream downturn, and some losses occurred in the first quarter. The main reason is that apart from the decrease in shipments of single crystal furnaces and polycrystalline furnaces and the year-on-year decline in revenue, several subsidiaries of the company are in their infancy and are still in the investment period, which has a negative impact on the performance of the head office.
Looking into the future, the company pointed out that although the current industry situation is not optimistic, the company is strengthening the management of the organization and striving to achieve a reasonable and perfect structure. In addition, the company is still striving to develop new products to cope with the difficulties. The company has not only developed a new generation of single crystal furnaces and polycrystalline furnaces with higher output, but also the subsidiary company Jiangsu Zhonghao Semiconductor Equipment Co., Ltd. MOCVD project prototype index. In line with expectations, the company plans to achieve sales within the year. The Jinang line, developed in cooperation with the holding subsidiary Changzhou Tianlong Light Source Materials Technology Co., Ltd., will soon be industrialized, which will benefit the company's overall development.
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