Every reporter Cheng Ya, every editor Liang Xiao

On the evening of May 21stPlayingcarddecks, ST Chengxing (Weiquan) (formerly referred to as Chengxing shares, SH600078, share price 7Playingcarddecks.75 yuan with a market capitalization of 51Playingcarddecks3.5 billion yuan) it was disclosed that the Jiangyin plant's safety production license expired and was currently in the process of examination and approval. The listed company decided to temporarily suspend production and overhaul of the phosphoric acid production line of Jiangyin Plant.

According to the proportion of revenue, the phosphoric acid revenue of Jiangyin plant accounted for the consolidated revenue data of listed companies in 2023.PlayingcarddecksThe proportion has reached 28.35%, therefore, this temporary shutdown and overhaul will undoubtedly have an impact on the annual performance of ST Chengxing in 2024. The listed company did not disclose the resumption time of the phosphoric acid production line of Jiangyin plant in the announcement.

That night, ST Chengxing received an inquiry letter from the Shanghai Stock Exchange, which asked to explain the specific reasons for the temporary suspension of production, the specific progress of the relevant production license examination and approval, and the impact on the company's performance.

Temporary shutdown and maintenance of phosphoric acid production line in Jiangyin Plant

According to the announcement, the safety production license of ST Chengxing Jiangyin factory expires on May 19, 2024. ST Chengxing has submitted a renewal application to the relevant government departments before the expiration of the validity period in accordance with the relevant regulations, and is still in the process of examination and approval. At the same time, the listed company decided to temporarily suspend production and maintenance of the phosphoric acid production line of Jiangyin Plant from May 20.

ST Chengxing said that before that, the company had fully prepared the warehouse according to the order situation and customer demand, and Guangxi Qinzhou Chengxing Chemical Technology Co., Ltd., a wholly-owned subsidiary, had sufficient phosphoric acid production capacity and related qualification certification to ensure the stable delivery of phosphoric acid products to meet the needs of all kinds of customers.

In 2023, ST Chengxing Jiangyin factory realized operating income of 879 million yuan and gross profit of-37.1964 million yuan, while listed companies achieved a total operating income of 3.101 billion yuan and gross profit of 303 million yuan in 2023.

As for the follow-up work arrangement, ST Chengxing said that the company will make every effort to follow up the progress of the examination and approval of the renewal, and at the same time do a solid job in the improvement of safety and environmental protection and the maintenance and maintenance of the phosphoric acid production line during the renewal period, so as to ensure the good and stable operation of the follow-up production equipment.

ST Chengxing said that the company has done a good job during the replacement of production and sales work, while speeding up the progress of safety production license processing. This temporary shutdown and overhaul has a certain impact on the company's annual operating performance, which can not be accurately estimated for the time being, as detailed in the company's subsequent periodic report and other relevant announcements.

The Shanghai Stock Exchange issued a letter of inquiry.

Announcement disclosed that night, the Shanghai Stock Exchange rushed to ST Chengxing issued a letter of inquiry.

The Shanghai Stock Exchange asked ST Chengxing to disclose the specific reasons for the temporary shutdown of the Jiangyin plant, whether the company's production meets the requirements of the competent authorities on production safety and environmental protection, etc., and whether there are substantial obstacles to the current specific progress in the examination and approval of the relevant production license, and fully prompt the relevant uncertainty risks in combination with the situation of production suspension.

In addition, as the revenue of the Jiangyin plant accounts for a relatively high proportion of the annual performance, the Shanghai Stock Exchange requires the company to disclose the specific measures taken by the company to ensure production and operation in response to the temporary suspension of production; assess the specific impact of this matter on the company's revenue, profit and other financial data production; whether it has an adverse impact on the continuous operation of other business production lines, etc.

ST Chengxing is mainly engaged in the production and sales of fine phosphorus chemical products such as yellow phosphorus, phosphoric acid, phosphate and so on. According to the 2023 annual report, ST Chengxing's operating income fell 31.66% compared with the same period last year, mainly due to the decline in the prosperity of the phosphorus chemical industry and the decline in the company's product sales price and sales volume.

According to the annual report, in 2023, ST Chengxing Jiangyin Factory and Xuanwei Factory were awarded the honorary title of "Green Factory" and "capable Runner Benchmarking Enterprise", while Maitreya Factory was awarded the honorary title of "capable Runner Benchmarking Enterprise" for many years in a row.

Source: visual China-VCG211181892190