Mei Fang said that the company is indeed facing great difficulties, but there are also opportunities. In 2014, the photovoltaic industry has been warming up, and the sapphire industry is also continuing to heat up. The company will seize these opportunities to secure orders and sell photovoltaic and sapphire furnaces. On the basis of doing a solid job in its main business, the company is also exploring the downstream power station business and striving to achieve greater breakthroughs. Internally, we will continue to strengthen internal management, strictly control various expenses, and consolidate the company's business foundation. The results will be a matter of course.
At the same time, Deputy General Manager Lu Song also said that the company plans to achieve agricultural machinery sales of 150 million yuan this year, and the current market is good.
Denon Optoelectronics’ dramatic performance change in April became the focus of the market. On April 22, the company revised its previous performance forecast, revising its 2013 performance from a profit of 6.0852 million yuan to a loss of 130 million yuan. Reasons for losses include bad debt provisions, fixed asset impairment provisions, and substantial adjustments in the revenue costs of some products.
Its first quarter report released on April 26 was not very optimistic. From January to March 2014, the company's net profit once again lost 5.0129 million yuan, a year-on-year decrease of 52.84%.
Since Denon Optoelectronics already suffered a huge loss of 510 million yuan in 2012 and continues to suffer losses in 2013, Denon Optoelectronics became the first GEM company to lose money for two consecutive years and was given special treatment with a delisting risk warning.
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