Tianlong Opto released its 2011 financial report revealing that the company earned CNY 842 million of revenue in 2011, up 86.10% year over year, CNY 107 million of total profit, up 1.20% year over year, and CNY 62.2595 million of net profit for parent company shareholders, down 27.08% year over year.

According to Tianlong, LED market was affected by the international economic downturn, but the terminal market application of LED was not subject to government subsidy, so the negative influence of it was smaller than that of photovoltaic industry.

Tianlong also released 2011 profit distribution plan, according to which, the company will pay CNY 1 (incl. tax) of cash dividends for every 10 shares to all shareholders on the basis of 200,000,000 shares as of Dec. 31, 2011, totally CNY 20 million of cash dividends. The remained undistributed profit will be carried forward to the next year.

Tianlong Opto estimated that net profit for shareholders will deficit CNY 10 million to CNY 15 million in Q1 2012, down 130% to 150% from last year’s CNY 33.3186. The company also estimated that the non-recurring gains and losses will contribute CNY 16400 in the loss of net profit, up from last year’s CNY 54.28.