Gas online analysis system for semi water gas process

Gas online analysis system for semi water gas process

In addition to Huifeng Corporation, the branches and subsidiaries of Runtu Corporation and Yabang Corporation in the Subei Industrial Park have also been affected by the environmental storm.

On May 3rd, Yabang Corporation announced that its subsidiaries and branches received a notice from the People's Government of Guannan County on April 28th regarding the centralized environmental protection rectification of enterprises in the park. All seven subsidiaries and one branch located in the chemical park of Duigougang Town, Guannan County, where the company is located, have ceased production.

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 firm insider told reporters: 'I bought over 10000 shares before because I believed that as long as Huifeng Holdings made serious improvements, there would be investment value.'