Gas online analysis system for benzene hydrogenation process

Gas online analysis system for benzene hydrogenation process

On the evening of May 7th, Runtu Corporation announced that relevant government departments have required the chemical industrial parks in Guannan County and Guanyun County of Lianyungang City, as well as all chemical enterprises within the parks, to completely shut down and investigate environmental issues. The company's subsidiaries, Jiangsu Yuanzheng, Jiangsu Mingsheng, and Jiangsu Herui, are all located in the Lingang Industrial Park in Guanyun County and have temporarily suspended production in accordance with the requirements.

Meanwhile, subsidiaries of Jihua Group, Haixiang Pharmaceutical, and Jiangsu Wuzhong have also been required to suspend production and conduct inspections due to environmental pollution issues.

Two listed companies were hit by ST

Industry insiders believe that although production has been suspended and the resumption time is uncertain due to the investigation and rectification of environmental issues, the proportion of affected business to total revenue has become the dividing line for whether listed companies will be subject to ST, because according to exchange regulations, when the company's production and operation activities are seriously affected and are expected to not return to normal within three months, other risk warning measures will be implemented for its stocks.

Due to the complete shutdown of Huifeng Corporation except for the environmental protection workshop, the total operating income of the seven subsidiaries and one subsidiary involved in the shutdown of Yabang Corporation in the past fiscal year accounted for 82.85% of the audited operating income of the listed company in the past fiscal year. As of now, no company has resumed production as planned. Therefore, both Huifeng Shares and Yabang Shares have applied to the exchange for the implementation of "other risk warnings" for their stocks.

Regarding this, the staff of Huifeng Co., Ltd. stated that since the company ceased production, they have refined rectification measures and actively promoted rectification. The company has actively improved them in accordance with relevant policy documents, striving to resume production in workshops that meet the conditions as soon as possible.

On August 13th, a private equity insider told reporters, "I bought more than 10000 shares before because I believed that as long as Huifeng Holdings conscientiously rectified its situation, it would have investment value. After all, the national team bought the shares and the company's executives increased their holdings by more than 4 yuan. However, the shutdown time has been a bit long, and I have cleared them recently to avoid environmental risks

The reporter noticed that as of the end of the first quarter of this year, a total of two funds held shares of Huifeng Stock. Among them, Boshi Brand Hybrid Securities Investment Fund (LOF) held 9.7 million shares, and the National Social Security Fund 107 Portfolio held 6.949 million shares, ranking as the fifth and seventh largest shareholders respectively; However, as of June 22, 2018, there are no longer any of the aforementioned two funds among the former shareholders.