Shut Down Will Also Lead To Environmental Penalties. The Main Production Area Of The Company Is Difficult To Resume Production.

In order to meet the requirements of environmental protection in chemical industrial parks, 7 children, subsidiaries and 1 branches of the Lianyungang Pang Gou town chemical industry park have been shut down since April 28th. After 89 days' shutdown and no news of resumption of production, the company received a $1 million 250 thousand green ticket.

In July 24th, the Lianyungang branch of the arbor share company received a decision on administrative penalty, which involved two matters. The environmental protection facilities matched with the technical transformation project of the comprehensive utilization of waste acid resources were produced without authorization. At the same time, the production norm of bromine ammonia product workshop changed, and the company did not re submit the environmental impact assessment document.

Relevant people in the company's Securities Department said in an interview with reporters that judging from the content of punishment, one item is inconsistent with the approval of the project, and the other is not complete as an environmental protection project.

　　 The main production area has been closed for nearly 3 months.

In May of this year, the group announced that in April 28, 2018, the company received the notice of stopping production from the people's Government of gonan county. In April 28th, the 8 companies, including Jiangsu Walt Chemical Co., Ltd., Jiangsu dbbo Chemical Co., Ltd., Lianyungang Asia bond Acid Co., Ltd. and Jiangsu Heng Long crop protection Co., Ltd., were located in the Lianyungang hepggou Town Chemical Industrial Park, which needed to stop production and cooperate with the two environmental protection parks to meet the requirements of environmental protection.

Affected by the news of the shutdown, the company continued to suspend trading after the May day suspension and resumed trading until June 11th. On the day of resumption, the shares of Asia group fell by 7.14%.

During the interview, the reporter learned that the sales body of the company was in Changzhou, and the main production area was in Lianyungang hepgou Town Chemical Industrial Park. According to the 2017 annual report, the three companies with the highest performance ranking were Lianyungang branch, Jiangsu walnut Chemical Co., Ltd. and Jiangsu Dao Bo Chemical Co., Ltd., with revenues of 1 billion 110 million yuan, 845 million yuan, and 381 million yuan respectively, with net profits of 260 million yuan, 220 million yuan and 41 million 716 thousand and 500 yuan respectively. Three companies made a total profit of 522 million yuan, exceeding the net profit of 501 million yuan of listed companies.

Reporters noted that the two companies Jiangsu Hang Lung crop protection Co., Ltd. Lianyungang The company was incorporated into the company's consolidated statement in February of this year. According to the data, the shares of the company were purchased at a price of 900 million yuan, which was 70.6% of the Hang Lung crop. Last year, the company's revenue was 466 million yuan, and its net profit was 28 million 595 thousand and 300 yuan. According to the performance pledge, Jiangsu Hang Lung crop protection Co., Ltd. in 2018 audited after tax net profit will not less than 90 million yuan, at present, the company is also in a state of shutdown, has not yet resumed production.

According to the provisions of the Shanghai Stock Exchange Listing Rules, the production and operation activities of listed companies are seriously affected and are not expected to return to normal within 3 months. Since the first stop of production in April 28th, the main production area of the group has been closed for 89 days, and the relevant staff of the company's Securities Department told the Securities Daily reporter that the specific time for resuming production has not been determined yet. "It should be fast. We are also actively communicating for early resumption of production."

　　 Capacity reduction is short of price rise.

It is understood that, due to the impact of environmental shutdown, the main products of the group. market A tight supply pattern has led to a sharp rise in the price of dyestuff and pesticide products. As of June 8th, the external price of dyestuff and dye intermediates increased by about 30% - 50% compared with the previous year, and the price of agro chemical products increased by more than 50% over the same period.

Reporters learned that the Shanghai and Shenzhen two dye industry similar listed companies, in addition to Zhejiang Longsheng, the remaining listed companies have varying degrees of discontinued production. For the production shutdown, the above staff told reporters optimistically, "in the long run, it is a good thing for the enterprises on the scale." Because some scattered small enterprises, including some vicious competition enterprises will be eliminated. "

Although the company is in a state of discontinued production, in the view of the above staff, the price of the main products of the company has been substantially increased in the increasingly tight supply and demand situation, which has reduced the impact of this shutdown on the company's performance to a certain extent.

During the interview, the reporter learned that the main products of the company have a certain scale of inventory, which can guarantee the current product. market Supply. In May this year, the company disclosed the stock of main products -- 6500 tons of disperse dyes, 1600 tons of VAT, 100 tons of solvent dyes, 2200 tons of dye intermediates, and 200 tons of agrochemicals. The staff did not respond directly to the question of how long the company could keep its inventory.

According to the Ministry of ecology and environment, in the first half of this year, a total of 72192 penalty decisions were issued in the national environmental administrative penalty cases. The amount of the penalty was about 5 billion 850 million yuan, and the provinces with greater environmental administrative penalties were Jiangsu, Guangdong, Hebei and Shandong four provinces.

To the subordinates' branch being punished by administrative punishment in the county of Ganyan County, the above-mentioned staff members said, "punishment is equivalent to a conclusion for the company to stop production. In fact, it is a good thing for us, equivalent to having a conclusion on this matter."

About Asia

　　 Asian investment control Stock Group Co., Ltd. is a large comprehensive private joint-stock modern enterprise group, abbreviated as "Asia Group". Its headquarters is located in Changzhou City, Jiangsu Province, with a total area of about 5 million 500 thousand square meters and more than 15000 employees. dyestuff Coatings, pigments, pharmaceuticals, veterinary drugs, pesticides, photovoltaic, logistics, finance, real estate and other ten industries, and more than 60 professional (sub) companies have been among the top 500 Chinese enterprises for many years. In September 2014, yipon shares IPO was listed on the Shanghai stock exchange, and its operating income was close to 50 billion yuan in 2016.