China's network finance and economics on November 1 (reporter Wang Jiahao) a few days ago, Yangzhou Chenhua New Materials Co., Ltd. (300610.SZ) issued an announcement that its wholly-owned subsidiary Huai'an Chenhua New Materials Co., Ltd. due to accidents in the park, which had a partial impact on the company. Huai'an Chenhua's production lines using Class A raw materials have been temporarily suspended, and safety hazards have been investigated, and the resumption time is still uncertain.
It is understood that on the morning of October 14, 2021, in the Huai'an Industrial Park, jiangsu Fuqiang New Materials Co., Ltd. hydrogen peroxide production unit purification tower hydrogen peroxide decomposition accident occurred, Chenhua wholly-owned subsidiary Huai'an Chenhua is located in the Huai'an Industrial Park. After the Jiangsu Fuqiang accident, Huai'an Chenhua took the initiative to cooperate with the completion of various instructions issued by the government department of the park and actively responded to the emergency.
At present, Huai'an Chenhua's annual output of 20,000 tons of alkyl glycoside project (of which 15,000 tons is a fund-raising project) production line is still in normal production; for the sake of production safety considerations, recently, Huai'an Chenhua's production lines using Class A raw materials have been temporarily suspended to investigate potential safety hazards, and the time for resuming production after the temporary suspension of some production lines is uncertain; the temporary suspension of production involves the production capacity of related production lines as follows: the annual output of 35,900 tons of polyether project, the annual output of 23,000 tons of terminal amino polyether project ( Among them, 0.5 million tons are raised funds) and the annual output of 20,000 tons of flame retardant projects.
Previously, On September 22, 2021, Chenhua Co., Ltd. disclosed the "Announcement on the Impact of Restricted Electricity Production Of Wholly-Owned Subsidiaries", Huai'an Chenhua implemented a temporary suspension of production due to power curtailment and resumed production in a comprehensive and orderly manner from October 8; combined with the temporary suspension of some production lines of Huai'an Chenhua, Chenhua Preliminary Forecast: Huai'an Chenhua's temporary suspension of production this year and the temporary suspension of some production lines may exceed 10% of the company's audited net profit in 2020. Since the time to resume production after the temporary suspension of some production lines of Huai'an Morning Chemical is still uncertain, the above forecast is only a preliminary forecast, and there is corresponding uncertainty in the forecast.
According to the data, Huai'an Chenhua has an annual output of 35,900 tons of polyether projects, an annual output of 23,000 tons of end amino polyether projects (of which 0.5 million tons are fund-raising projects), an annual output of 20,000 tons of alkyl glycosides (of which 15,000 tons are fund-raising projects), and an annual output of 20,000 tons of flame retardant projects.
Huai'an Chenhua's operating income in 2020 was RMB346,097,900.52 (audited), accounting for 38.44% of the company's total operating income in the consolidated income statement; and its net profit in 2020 was RMB53,160,040.33 (audited), accounting for 38.72% of the company's consolidated income statement attributable to the parent. In the first half of 2021, the operating income was 278,807,785.17 yuan (unaudited), accounting for 44.27% of the company's total operating income statement; the net profit in the first half of 2021 was 43,985,155.96 yuan (unaudited), accounting for 50.52% of the company's consolidated income statement attributable to the parent.
(Editor-in-charge: Zhao Rong)