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In this regard, the reason given by Tianlong Optoelectronics is that Yijing Optoelectronics intends to adjust its investment, so it chooses to exchange goods; however, Yijing Optoelectronics said that the single crystal furnace was decided to exchange equipment because of the quality problem and “cannot be used normallyâ€. The arguments of both sides are clearly inconsistent.
Being exposed to quality problems by Yijing Photoelectric
At the beginning of March, the market suddenly heard the rumors that Tianlong Optoelectronics products were returned in large quantities due to quality problems, and the customers who returned the goods would have Yijing Optoelectronics. Overnight, the suspicions began to sound. At that time, Tianlong Optoelectronics stated that “no return agreement was signed†and that the product sold to Yijing Optoelectronics had a warranty period of one year. As of June 25, 2011, the warranty period has passed. Since the warranty period has passed, there is no return.
The above rumors ended in the company's clarification and gradually faded. However, the good times did not last long. After more than one month passed, the return of the storm again hit, and this time it is not a rumor, but a fact.
According to the 2011 annual report disclosed by Yijing Optoelectronics on April 16, the subsidiary Changzhou Yijing Optoelectronics Technology Co., Ltd. (hereinafter referred to as Changzhou Yijing) purchased 96 sets of DRF95 type single crystal furnace from Tianlong Optoelectronics in 2010. The above equipment since 2010 After being delivered to Changzhou Yijing on October 25th, it could not be used normally.
In order to solve the above problems, Changzhou Yijing and Tianlong Optoelectronics signed the “Regulations for Equipment Renovation†on June 30, 2011, and signed the “Device Exchange Agreement†on April 1, 2012. According to the agreement, Tianlong Optoelectronics will have the above value of 4128. The equipment equivalent of RMB 10,000 (including tax price) is exchanged for other equipment produced by Tianlong Optoelectronics required by Changzhou Yijing, but if Tianlong Optoelectronics fails to deliver according to the delivery time required by Changzhou Yijing due to its own reasons, then Tianlong Optoelectronics agreed to refund the entire amount of the return of Changzhou Yijing to Tianlong Optoelectronic Equipment within one week after the delivery date. It is reported that Changzhou Yijing has transferred the above related equipment to Tianlong Optoelectronics in 2011.
The two companies each hold a word
The sold equipment has been returned by the customer, why is it denied? Some investors believe that Tianlong Optoelectronics' previous explanations are light and misleading.
However, Tianlong Optoelectronics has its own set of rhetoric. At the online performance briefing held on April 26, the company's director-general Lu Song said that due to the poor PV industry in the second half of last year, some enterprises including Yijing Optoelectronics adjusted their investment plans and progress. Tianlong Optoelectronics Co., Ltd. Taking into account the interests of the customer first, the "Device Exchange Agreement" was signed under friendly negotiation. It can be seen that the company denied that Yijing Optoelectronics returned to the single crystal furnace because of quality problems.
Shen Jie, a securities affairs representative of Tianlong Optoelectronics Co., Ltd., said that the return of Yijing Optoelectronics is not a quality problem, but the company has to adjust its investment direction. Although the batch of single crystal furnaces has returned to Tianlong Optoelectronics, the ownership still belongs to Yijing. Optoelectronics, Yijing Optoelectronics has not yet decided to change other equipment. 
In mid-April, Yijing Optoelectronics 2011 annual report disclosed that it will return to Tianlong photoelectric single crystal furnace and request replacement. Many investors are very worried: single crystal furnace is the main product of Tianlong Optoelectronics. If it is a quality problem, it is inevitable for the company to develop. unfavorable.