TLGD(SZ:300029) Zheng Quan Zhi Xing·2025-06-06 10:04Core Viewpoint - Jiangsu Huasheng Tianlong Optoelectronic Equipment Co., Ltd. is facing significant operational challenges, including the freezing of major bank accounts and potential changes in control due to judicial actions against its major shareholder [1][5][12] Group 1: Financial Performance - The company reported a net profit of -27,073,025.26 yuan for the 2024 fiscal year, with an audit opinion indicating significant uncertainty regarding its ability to continue as a going concern [5][12] - The net profit for 2023 was -8,582,265.60 yuan, and for 2022, it was -15,998,642.96 yuan, indicating a trend of negative profitability over the past three years [7][8] - The company’s net assets were reported as negative for the 2024 fiscal year, triggering a delisting risk warning according to the Shenzhen Stock Exchange rules [12] Group 2: Operational Challenges - The company has been unable to secure market orders for its single crystal and multi-crystal furnace products since December 2018, leading to severe operational difficulties [1][2] - As of December 13, 2023, four out of seven bank accounts of its wholly-owned subsidiary, Sichuan Zhongshu, were frozen, with a total frozen amount of 1,026.03 million yuan, representing 99.49% of its cash balance [5][6] - The freezing of bank accounts is primarily due to legal disputes, which have significantly impacted the company's ability to conduct its business operations [6][11] Group 3: Shareholder and Control Issues - Major shareholder Dayou Holdings' 14,000,000 shares are subject to judicial auction, which could lead to a change in control of the company [1][12] - Dayou Holdings currently holds 6.98% of the total shares, and the risk of judicial disposal of these shares remains, potentially affecting the company's governance [1][12] - The company is actively seeking to resolve the issues related to the freezing of bank accounts and the potential impact on its operations and shareholder structure [6][11]