Tiantong Holdings' net profit loss in 2012 was 197 million yuan, a decrease of 1712% over the same period.

Tiantong Holdings released its 2012 annual report. During the reporting period, the company achieved operating income of 1.13 billion yuan, down 16.78% from 1.358 billion yuan in the same period of last year; net profit attributable to shareholders of listed companies was -179 million yuan, compared with the same period of the previous year. The 12.1 million yuan fell by 1712%; the basic earnings per share was -0.33 yuan.

Tiantong Holdings said that operating income decreased compared with the same period of last year, mainly due to the sluggish domestic macro economy. The company's and its subsidiaries' main product orders decreased, and the unit product price decreased, which led to a decrease in operating income.

In 2012, Tiantong Holdings' sapphire business achieved sales of 50,000 yuan and operating profit loss of 36.18 million yuan, which had a great impact on the company's operating performance. Tiantong Holdings said that in 2012, the company mastered the growth technology of high-quality large-size sapphire crystals, and realized the industrialization of the world's largest C-direction (90Kg) sapphire crystal by using modified KY crystal growth, and the performance reached the same level of A-growth crystal. .

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