Per reporter: Song Kejia
A number of listed companies are now imposing large environmental penalties: Jinjing Technology has received 3 consecutive fines, and Honghui New Materials has been fined 1.24 million yuan for environmental violations... In the second week of November 2021, which listed companies have a red light on their environmental protection and credit responsibilities? And which corporate projects have received the green light from the EIA? And look at the A-share green weekly report No. 54.
Since September 2020, based on authoritative data sources such as environmental quality, environmental emissions and pollution source supervision records issued by 31 provinces, municipalities and 337 prefecture-level municipalities, the Daily Economic News and the Public and Environmental Research Center (IPE), a well-known NGO in the field of environmental protection, collect and analyze the environmental information data of thousands of listed companies in China and tens of thousands of their subsidiaries (including branches, shareholding companies and holding companies) every week, and release the "A-share Green Weekly Report", aiming to use environmental databases and professional analysis and dissemination capabilities To make the environmental information in the business activities of listed companies in the capital market more sunny and transparent.
According to the data collected in the second week of November 2021, the Daily Economic News reporter found that a total of 46 listed companies have recently been exposed to environmental risks, mainly distributed in Guangdong, Beijing and Shanghai. Among them, 24 belong to state-owned assets control enterprises, and 9 are enterprises with a market value of 100 billion. In addition to environmental risks, in the second week of November 2021, a total of 12 projects of A-share listed companies and their subsidiaries entered the EIA approval state.
Green Lesson of the Week: A number of listed companies have their own environmental violations
In addition to factors such as corporate management capabilities, financial status, and industry competition, environmental risks have increasingly become one of the important operational risks of listed companies. Environmental risk is related to the development of the enterprise, but also related to the corporate image.
Distribution of listed companies in the Environmental Risk List (Week 2 november)
Overall, in the second week of November 2021, negative information such as exceeding standards, violations of laws and accidents was associated with 46 listed companies, and the equity relationship was verified by Qixinbao data. From the perspective of enterprise distribution area, Guangdong ranks first, Beijing ranks second, and Shanghai ranks third.
The "Daily Economic News" reporter combed and found that the 46 listed companies listed in the second week of November 2021 had as many as 6.9533 million shareholders behind them. In addition, as of the end of the third quarter of 2021, these listed companies have up to 2133 institutional holdings, and the investment targets on the environmental risk list may expose them to investment risks and environmental liability risks.
In this issue, a number of listed companies have committed environmental violations of their own. Among them, Jinjing Technology, a leading listed company in the glass and soda ash industry, has recently announced three environmental administrative penalties in a row, with a total penalty amount of 1.7625 million yuan.
These three penalties are all related to the automatic detection data of pollution sources exceeding the standard. Among them, on July 10, 2021, the daily average value of sulfur dioxide at the discharge port of Jinjing Technology No. 5 production line exceeded the standard. After on-site verification by the staff of the Environmental Protection Bureau, the reason for the excess is that Jinjing Technology, in order to reduce the carbon monoxide concentration in the flue gas, at about 8 o'clock on July 10, 2021, the organization personnel increased the line 5 kiln to fuel the combustion air, so that the natural gas was fully burned, and during the operation, the daily average value of sulfur dioxide in the external exhaust flue gas exceeded the standard.
After more than a month - August 26, 2021, the no. 6 production line of Jinjing Technology exceeded the standard of nitrogen oxides and particulate matter in the discharge port. After on-site verification, the staff of the Environmental Protection Bureau found that the damage of the bag filter of the company's Line 6 desulfurization system caused the particles to exceed the standard, and the nitrogen oxide exceeded the standard due to the sudden failure of the ammonia spray gun. Jinjing Technology was fined 617,500 yuan for this.
However, 3 days later, on August 29, 2021, the particulate matter at the discharge port of The No. 6 production line of Jinjing Technology exceeded the standard again, and the staff of the Environmental Protection Bureau verified on the spot that the bag filter of the company's Line 6 desulfurization system was damaged, causing the particulate matter to exceed the standard. Jinjing Technology was fined 662,500 yuan as a result.
Due to factors such as product price increases, the company's sales structure adjustment and the expansion of the company's scale, the company achieved operating income of about 1.746 billion yuan in the third quarter of this year, an increase of 40.55% year-on-year, and the net profit attributable to the shareholders of the listed company was about 465 million yuan, an increase of 333.51% year-on-year.
In terms of corporate governance, Jinjing Technology received the Decision on Administrative Regulatory Measures from the Shandong Supervision Bureau of the China Securities Regulatory Commission in August this year. The decision shows that Jinjing Technology has the problem of non-performance of approval procedures and information disclosure obligations by related parties in the capital transactions, and inaccurate financial information disclosure.
On the other hand, as the concept of green environmental protection is valued by the capital market, stricter mandatory environmental information disclosure requirements are accelerating, thereby urging listed companies to effectively fulfill their information disclosure obligations and guiding listed companies to play an exemplary and leading role in the implementation of environmental protection responsibilities. It is worth noting that among the listed companies involved in environmental violations in this issue, Construction Machinery and Honghui New Materials have mentioned the environmental penalties included in the recent announcement.
Environmental penalties: evasion of supervision, wastewater discharge in excess of standards,
Listed company Honghui New Materials received more than one million fines
In the second week of November 2021, the database collected 62 affiliated enterprises that received administrative penalty decisions from environmental protection departments or ordered to correct illegal acts, involving 46 listed companies.
Listed companies and their holding companies have been fined the top 10 for environmental violations
In this issue, the listed company Honghui New Material recorded the highest fine amount - 1.24 million yuan.
The penalty of up to 1.24 million yuan contains a number of environmental violations, including Honghui New Material's excessive discharge of water pollutants, and a number of acts of discharging water pollutants in a way that evades supervision. Specifically, the administrative penalty decision shows that on June 25, 2021, the Wuxi Municipal Bureau of Ecology and Environment discharged one wastewater sample from the discharge and total discharge outlet of the new material facility of the Flood Mining And Sink, and after monitoring, the wastewater sample of the facility discharge (COD: 522mg/L) and the total discharge wastewater sample (COD: 783mg/L) discharged water pollutants in excess of the national discharge standards.
According to another disclosure, the air flotation pond scraping board of the first phase of Honghui New Material Wastewater Treatment Facility was damaged, and the water pollution prevention and control facilities were not operating normally, and water pollutants were discharged in a way that evaded supervision. Between November 1 and November 10, 2020, Honghui New Materials used plastic pipes on the east wall of the facility to discharge spray waste liquid directly from the facility to the air flotation pond, not operating the water pollution prevention and control facility normally, and discharging water pollutants in a way that evaded supervision. Honghui New Material uses the three-way valve and hose on the wastewater collection pipe of the R&D center of the second phase project to discharge the wastewater directly into the rainwater ditch of the factory area, and uses the hidden pipe to discharge water pollutants in a way that evades supervision.
Honghui New Material is mainly engaged in the research and development, production and sales of vinyl chloride-vinyl acetate copolymer resin and vinyl chloride copolymer emulsion. For the environmental fine of 1.24 million yuan received this time, Honghui New Materials announced that the incident would not have a significant adverse impact on the company's operating performance and would not affect the company's continuing operations. In addition, Honghui New Materials also said that it will further improve environmental awareness.
It is worth noting that the impact of environmental factors on Honghui New Materials may not be limited to this. On November 1, some investors asked Honghui New Materials whether Honghui New Materials belonged to the dual control objects of high-energy enterprises. Is there a risk of normal production or partial shutdown? In this regard, Honghui New Material said on the investor interactive platform on November 2 that the company was affected by the "energy consumption double control" policy, resulting in a reduction in the operating time of some production facilities, which is expected to have a certain degree of impact on the company's production and operation.
It should be noted that in recent years, with the gradual heating up of ESG (environment, social responsibility and governance) investment philosophy, investors have paid more and more attention to the sustainable development ability of enterprises. The environmental responsibilities of listed companies for financial and strategic investments should also be taken seriously, so the environmental data of directly or indirectly participating companies is included in the A-share green reporting project database.
In this issue, Cryogenics was listed on the environmental risk list because of the environmental violations of The Yushen Industrial Park Changtian Natural Gas Co., Ltd. (hereinafter referred to as "Changtian Company"), in which it participates.
The company, which was only put into trial operation in October last year, was found to have committed a number of environmental violations and received three consecutive fines when law enforcement officers conducted an investigation on June 21, 2021. Among them, Changtian Company was fined 300,000 yuan for not building a hazardous waste storage place that meets the standards, storing 2 tanks of waste engine oil (with a volume of 170KG and 200KG respectively) and 53 waste oil barrels and 42 N-methyldiethanolamine empty barrels in the open. In addition, Changtian Company was also fined 200,000 yuan and 50,000 yuan respectively for not formulating a hazardous waste management plan, not establishing a hazardous waste management ledger, not setting up hazardous waste identification marks at the storage points and containers of waste oil barrels, and the comprehensive utilization project of natural gas began to be put into production in October 2020, and the height of the acid gas exhaust cylinder separated by the MDEA desorption regeneration tower did not reach the 40 meters required by the EIA.
For the shareholding company, the announcement related to cryogenic shares shows that cryogenic shares agreed to provide a guarantee for the 99 million yuan loan of the shareholding company Changtian Company in July this year. The relevant announcement pointed out that Changtian Company is mainly engaged in the construction of natural gas peaking gas reservoirs, the production, transportation and sales of LNG, and is a downstream customer of cryogenic shares. In addition, cryogenic shares said that Changtian Company has maintained stable operation since it was put into trial production in October 2020, with a production capacity of about 300,000 square meters / day, which has not yet reached the upper limit (design standard 600,000 square meters / day, up to 800,000 square meters / day), the second intake pipe is connected and the production capacity is increased to 500,000 to 600,000 square meters / day; after the project is put into operation, the liquefied natural gas produced has gradually begun to sell to the market, and a certain operating cash flow has been realized. As of June 30, 2021, Changtian Company's operating income in the first half of 2021 was 19.0357 million yuan and net profit was -5.311 million yuan.
Project environmental impact assessment: Mingyang Intelligent's marine ranch project has passed the environmental impact assessment
The environmental impact assessment of the project, that is, the environmental impact assessment of the construction project, is the precondition for the start of construction of most projects, and is also the environmental protection basis after the construction or commissioning of the project. For listed companies, in order to invest in the construction of new projects, EIA approval is also a test that must be experienced.
According to the data collected in the second week of November, a total of 12 projects of A-share listed companies, their holding companies and shareholding companies were finally approved and publicized by the EIA.
Listed companies and their holding subsidiaries passed the EIA of projects (top 10 in terms of investment amount)
In this issue, the Yangjiang Mingyang Marine Fisheries Co., Ltd., a subsidiary of wind power leader Mingyang Intelligence, passed the environmental impact assessment of the Yangjiang Sand Grill Marine Ranch Project.
According to the approval documents of the project, a total of 11 deep-water cages have been built in this marine ranch project, and the breeding species are mainly oval pomfret. The total investment in the project is 114.61 million yuan, of which 621,800 yuan is invested in environmental protection.
The environmental impact report document of the project mentions that this marine ranch project is located in the Mingyang Yangjiang Shaba 300MW scientific research demonstration project site, the project is surrounded by offshore pile foundations of wind farms, during the operation of the wind farm, the wind turbine pile foundation can play a role similar to artificial reefs, can effectively gather fish, digest the project's deep-water cage culture fish undigested bait, help to reduce the ecological impact of the project's aquaculture feed caused by the increase in seawater N, P and other content.
In recent years, the coupling development of offshore wind power and hydrogen energy, marine ranching and other models has been constantly being tried. Mingyang Intelligent's 2021 semi-annual report pointed out that in September 2020, the Guangdong Provincial Development and Reform Commission, the Energy Bureau and other six departments issued the "Guangdong Province Action Plan for Cultivating New Energy Strategic Emerging Industry Clusters (2021-2025)", which proposed offshore wind power leading projects in key projects, and proposed to take the backbone enterprises of wind turbines in the province as the leader to make the offshore wind power equipment manufacturing industry bigger and stronger, and support the offshore wind power flexible DC centralized transmission demonstration projects, floating offshore wind power and marine ranches in offshore deep-water areas. Demonstration project for comprehensive development of offshore hydrogen production.
The environmental impact report document of the Mingyang Intelligent Marine Ranch Project that passed the environmental impact assessment also said that the sea area where the project area is located is open, and the project can rely on the construction facilities and power facilities of the offshore wind farm to provide the convenience of construction and operation of electricity, ships, etc., which can effectively reduce the construction cost of the project, and the construction of the project can make full use of the unused sea resources in the wind farm, which is in response to China's policy of "three-dimensional use of sea space and maximization of resource utilization", and explore "offshore wind power + marine ranch" An important attempt at a coordinated development model.
In addition to the above-mentioned projects, in the second week of November, projects of a number of listed companies or subsidiaries, such as Jianxin Shares, CGNPc and Yicheng New Energy, have obtained EIA approvals with approval results of consent (or notification of commitment system), which means that these investment projects will soon enter the construction stage.
It should be noted that the disclosure of environmental information data depends on the continuous improvement of the level of environmental regulatory information disclosure. From the 2008 Measures for The Disclosure of Environmental Information (Trial Implementation) to the newly revised Chapter V chapter of the Environmental Protection Law of the People's Republic of China, which establishes "information disclosure and public participation", information disclosure is guaranteed from the construction of the system.
Relevant laws and regulations stipulate that citizens, legal persons and other organizations enjoy the right to obtain environmental information and participate in and supervise environmental protection in accordance with law. The competent departments for environmental protection of all levels of people's government and other departments with responsibility for environmental protection supervision and management shall disclose environmental information in accordance with law, improve procedures for public participation, and facilitate the participation and supervision of environmental protection by citizens, legal persons, and other organizations. The 2018-2019 120 Urban Pollution Source Regulatory Information Disclosure Index (PITI) Report prepared by the Center for Public and Environmental Research (IPE) and the Natural Resources Defense Council (NRDC) also points out that environmental information with "openness as the norm and non-disclosure as the exception" has gradually become a generally recognized principle of the government and the public.
If you have any questions about the environmental data of this project, or need to communicate and feedback on the environmental issues involved in the list, please contact Azure Maps.
(Interns Gao Miaosen and Niu Yingbo also contributed to this article, and some of the charting tools in this issue are dysprosium charts)
Reporter | Song Kejia Editor| Zhang Haini, Lu Xiangyong, Wang Jiaqi
Proofreader | Sun Zhicheng
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