China’s photovoltaic company Tianlong Optoelectronic Co., Ltd. (300029) announced a great money loss of nearly RMB 500m for its 2012 financial result. Its main business revenue plunged 79% from RMB 842m in 2011 to RMB 177m, while operating profit and net profit attributable to shareholders were even hit by bigger deficit of RMB 519m and RMB 470m, slipping by up to 605% and 855% respectively compared with a net profit of RMB 103m and RMB 62.26m for the same period last year.

Tianlong attributes its greater loss than its counterparts mainly to the fact that its business range revolves exclusively around the photovoltaic industry with all subsidiaries involved, while its listed photovoltaic peers have other businesses to complement their PV operations.