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Jiangsu Xiangshui Chemical Industry Park Will Be Completely Closed. These Listed Companies Have Responded. Chemical Stocks Staged Trading Tide

2019/4/9 9:45:00 12045

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Chemical Industrial Park Xiangshui Chemical Industry Park Jiangsu

In April 3rd, Yancheng City, Jiangsu decided to completely close the Xiangshui Chemical Industrial Park.

At the same time, we should draw lessons from each other and do a good job in chemical remediation work in the whole market. According to the provincial chemical industry upgrading plan, we will further raise the standards for chemical industry parks and chemical enterprises in our city, and support the construction of "no chemical district" in all regions.

It is worth noting that some of the listed companies have subsidiaries in Xiangshui Chemical Industrial Park, involving dyes, pharmaceuticals, pesticides and other sub sectors.

If the park is completely closed, it will undoubtedly have a certain impact on these listed companies.

A number of listed companies publish risk warning announcements

In response to the report on the complete closure of Xiangshui Chemical Industrial Park, many listed companies in Jiangsu, including Wuzhong, Lianhua technology, anoqi, Tongcheng new material, Jacques technology and so on, responded.

Jiangsu Wuzhong industrial Limited by Share Ltd

In April 8th, it was a risk warning announcement for a wholly owned subsidiary, Xiangshui Hengli Da Chemical Technology Co., Ltd.

Xiangshui Hengli Da was temporarily shut down due to the explosion accident of a chemical enterprise in the Chen Jia Gang Chemical Industrial Park in Yancheng City, Jiangsu Province in the afternoon of March 21, 2019.

The announcement said that due to the fact that there is no formal relevant treatment plan and measures regarding the complete closure of the Xiangshui Chemical Industrial Park, there is a great deal of uncertainty in how to deal with the follow-up of Hengli DA in Xiangshui.

The company will keep in touch with the relevant government departments and pay close attention to the progress of the situation. If Xiangshui Chemical Industrial Park is completely closed, Xiangshui Hengli Da will not be able to produce in the park. The company will organize and discuss in detail the specific directional decisions of Xiangshui Hengli Da, and then strictly implement relevant decision-making procedures according to the requirements of relevant government departments.

Affected by the above uncertainties, there may be a large amount of goodwill arising from the acquisition of 100% equity interest in Xiangshui Hengli. If the total amount is calculated, it will lead to a loss in 2018.

Tongcheng new material group Limited by Share Ltd

In April 8th, a risk warning announcement was issued. The controlling company's Tongcheng fine chemical industry is located in the Xiangshui Chemical Industrial Park, and is in the construction phase of the project. It is not actually started. Under the influence of the blast wave, there is no casualties and no slight damage to the buildings.

The announcement said that due to the fact that there is no formal relevant treatment plan and measures for the closure of Xiangshui Chemical Industrial Park, the company will maintain communication with relevant government departments and pay close attention to the progress of the situation. The company will conscientiously organize discussions on the specific directional decisions such as the completion, refinement, follow-up, shutdown and pformation, and strictly comply with the relevant decision-making procedures according to the requirements of relevant government departments.

The preliminary estimate has no significant impact on the company's performance in 2019, and will follow the test results to fulfill the obligation of information disclosure.

Lianhua Technology

In April 8th noon announcement, the company subsidiary Jiangsu Lianhua and Yancheng Lianhua were located in the Xiangshui Chemical Industrial Park, a company explosion in Chen Jia Gang Town, Xiang Shui county, causing casualties and property damage to the company, and temporarily in a state of shutdown.

Notice said,

The government and related documents concerning the above matters (editor's note: closing the Xiangshui Chemical Industrial Park) have not yet been received by the company and its subsidiaries, Jiangsu Lianhua and Yancheng Lianhua.

Affected by the accident of other enterprises in the park, the subsidiary company Jiangsu Lianhua and Yancheng Lianhua are in a state of discontinued production, and the personnel and property companies involved have purchased relevant insurance.

At present, the insurance company and the public appraisal company have arrived at the scene to start the work of settling damages.

Lianhua technology emphasizes that the company will take all kinds of positive measures to fully prepare all kinds of plans to deal with the possible situation, and make use of the advantages of multi regional production and domestic and international linkage to reduce and resolve all kinds of risks that may be faced.

Jacques Technology

In the midday announcement in April 8th, a wholly owned subsidiary, Xiangshui Jacques Chemical Co., Ltd. had not resumed production since it was discontinued in May 2018.

Recently, some media have released relevant reports on the closure of Yancheng City Xiangshui Chemical Industrial Park in Jacques, Xiangshui, and Xiangshui Jacques is involved in it.

Xiangshui Jacques has not resumed production since its shutdown. With the implementation of the pformation and upgrading strategy in recent years, LNG insulation insulation board business and semiconductor new materials business have begun to contribute to revenues and profits. The overall performance of the company has greatly decreased its dependence on flame retardant business, so the above events do not have a substantial impact on the current production and operation of the company.

The announcement said that if the Xiangshui Chemical Industrial Park was completely shut down, the company would take various measures to deal with the possible situation, take advantage of the advantages of multiple production bases, and combine with external procurement measures to reduce and resolve all kinds of risks that may be faced.

anoky

April 8th noon announcement, up to now, the company and its subsidiary, Jiangsu annoit, has not received the written notification from the local government about closing the Xiangshui Chemical Industrial Park. Since the explosion of Jiangsu Tian Jia Yi Chemical Industry Co., Ltd. in March 21, 2019, the company's subsidiary Jiangsu anothem has been temporarily shut down.

According to the announcement, Jiangsu Anor is mainly engaged in reactive dyestuff production, its net profit accounts for relatively small proportion of the company's overall net profit, accounting for 12.58% in 2017 and 13.15% in 2018. Therefore, the temporary shutdown of Jiangsu anoits will not have a significant impact on the company's 2019 production and operation.

Jiangsu intends to introduce the most stringent chemical remediation plan

According to surging news reports, "Jiangsu chemical industry upgrading plan (Draft)" issued by the general office of the Jiangsu provincial government in April 1st.

In the plan, Jiangsu has made clear that by the end of 2020, the number of chemical production enterprises in the province has decreased to 2000, and by 2022, the number of chemical production enterprises in the province will not exceed 1000.

The plan also calls for full efforts to promote the renovation and upgrading of the chemical industrial park, and carry out a comprehensive evaluation of the 50 chemical industrial parks in Jiangsu province. According to the evaluation results, the plan has been reduced to about 20.

It is understood that the Jiangsu provincial "program" draft opinion mentioned that we should reduce the number of chemical production enterprises along the Yangtze River.

The 34 enterprises on the 1 sides of the two sides of the Changjiang River tributary and outside the chemical industrial park will all quit in principle before the end of 2020.

Enterprises that do not move can carry out safety risk assessment and environmental risk assessment one by one. 254 enterprises in the chemical industrial park will finish the enterprise evaluation by the end of 2019 and put forward the disposal opinions. The enterprises that have no industrial chain connection with the park and have great safety and environmental protection risks will withdraw before the end of 2020.

Chemical stocks staged trading tide

The Xiangshui chemical industry park has been completely closed, and the chemical industry in Jiangsu has been greatly improved. The hurricane that has exceeded the expected regulation has made the industry see a big adjustment in the industry.

Chemical raw materials prices are expected to rise, early in April 8th, chemical stocks rose collectively, Shen Wan plate rose more than 4.3%.

At the close, the Shanghai stock index fell 0.05%, the Shenzhen composite index fell 0.61%, and the gem index fell 2.12%.

Chemical industry sector staged a tidal wave, the chemical industry index volume rose 4.41%, the turnover volume of 94 billion 790 million yuan.

More than 50

Only stock trading

The turnover increased by about 20 billion yuan compared with the previous trading day.

However, Lianhua technology fell 9.98%, and Jiangsu's central market dropped by 5.29%.

Domestic market close most of the closing of the red, black, able products rise in the front, polypropylene up over 3%, coke, methanol, PVC, PTA up 2%, PTA at one level.

The agency believes that in the long term, the 321 explosion has become an inflection point in the industry to promote the supply side reform in Jiangsu and coastal provinces.

Jiangsu is the focus of chemical products, which has a great impact on fine chemicals. It will change the competition pattern of the industry in the next 35 years, involving industry dyes, pigments, pesticides and medicine.

The price of a single variety is likely to increase and elasticity will be great.

XinDa Securities believes that Jiangsu is a major province in China's chemical industry, especially pesticide, dyestuff and petrochemical production. The number of chemical enterprises is the first in China, and there are more than 4500 Chemical Enterprises above designated size. Therefore, the "3.21" accident will become a turning point in the development of China's chemical industry, and will have a profound and long-term impact on China's chemical industry.

Guotai Junan believes that Jiangsu's recent "Tian Jia Yi" serious safety accident has opened the curtain of the industrial renovation of the whole province, which shows that the supply side logic of chemical industry extends from environmental protection to safety. At present, three main investment lines are put forward: dyestuff, pesticide and industry leader.

Huatai Securities believes that the chemical industry's future development mode or change, long-term good integration of the standard leading enterprises.

With the deepening of the accident impact, it is expected that the supply side of the chemical industry is expected to turn a turn.

In the long run, the industry development model is changing, and the supply side is expected to be reconstructed. The "small, scattered and chaotic" industry ecosystem will be replaced by large-scale, centralized and integrated chemical industrial park.

Founder Securities believes that chemical leading enterprises in chemical industrial parks, which are more standardized in safety and environmental protection, and will continue to expand their capacity in the future, will have higher premium power.

Everbright Securities believes that after the days of Jiayi chemical explosion, the market expected that Xiangshui chemical industrial park after the closure of the pformation of the probability of resuming work is still relatively high.

But at the end of the week, Yancheng City took measures to shut down the Xiangshui Park, which far exceeded the market expectations.

What needs to be emphasized is that this is the starting point of the new round of supply side reform.

This is the fundamental nature of this round of chemical market.

Some market participants believe that the recent futures market, several chemical varieties prices have not risen significantly.

At present, there is only a concept of speculation in the chemical sector, which is divorced from the fundamentals, and there is a high premium. Investors should pay attention to risks.

At 14:48 on March 21, 2019, the explosion of chemical storage tanks of sutian Jia Yi Chemical Industry Co., Ltd. in Neijiang chemical industry park, Yancheng City City, Jiangsu Province, and the surrounding 16 enterprises were affected. At present, 78 people were killed in the accident.