Affected by the Xiangshui Incident, neighboring counties carry out security inspection and the companys shutdown and rectification

 Affected by the Xiangshui Incident, neighboring counties carry out security inspection and the companys shutdown and rectification

It has been 21 days since a particularly serious explosion occurred in Xiangshui Chemical Industrial Park, but the aftermath has not yet subsided. Xinjing News reporter learned that another coastal chemical park about 220 kilometers away from Xiangshui Park is carrying out safety inspection in Yangkou Chemical Park, Rudong County, Nantong City, Jiangsu Province. Affected by this, a subsidiary of Zanyu Technologies (002637), a listed company with a revenue of 1.678 billion yuan in 2017, also stopped production inspection and carried out rectification.

Affected by the Xiangshui Incident, neighboring counties carry out security inspection

On April 10, Zanyu Technological Disclosure Announcement of Listed Companies said that Nantong Kaita Chemical Technology Co., Ltd. (hereinafter referred to as Nantong Kaita) is located in Yangkou Chemical Industrial Park, Rudong County, Jiangsu Province. In order to meet the requirements of safety inspection, testing and rectification of local government departments at all levels, and in combination with the needs of self-safety potential hazards investigation, the company has stopped production and checked the whole since April 9, 2019. Instead, the expected shutdown time is more than 10 days.

Zanyu Science and Technology said that the above decision was made in the context of a major safety production accident in Xiangshui Tianjiayi Chemical Co., Ltd. After the accident happened, departments at all levels attach great importance to it. They need to immediately carry out a major inspection of safety in production, earnestly draw lessons from the accident, and guard against the occurrence of safety accidents. At the same time, they need to strengthen the management of safety in production and further do a good job in safety in production.

The local government responded: There are safety checks and no shutdown requirements.

A reporter from the Beijing News called the Rudong County Government of Nantong City, Jiangsu Province, and the other party responded, There are safety inspections, and there is no request to stop production. Up to the time of publication, the reporter was temporarily unable to contact Zanyu Science and Technology.

Zanyu Technologies said in the announcement that due to the temporary inability to predict the exact resumption time, the shutdown of Nantong Kaita will have a certain impact on the companys production and operation. As for when to resume production, the company will fulfill its obligation of information disclosure in time in accordance with relevant regulations.

On March 21, a particularly serious explosion occurred in Jiangsu Tianjiayi Chemical Co., Ltd., located in Xiangshui Eco-chemical Park, Chenjiagang Town, Xiangshui County, Yancheng City, Jiangsu Province. As of March 25, 78 people had been killed in the explosion. On April 4, the Standing Committee of the Municipal Party Committee of Yancheng City, Jiangsu Province, decided to completely close the Xiangshui Chemical Industry Park and to include Chen Jiagang Town in the pilot project of Ten Towns and 100 Villages to improve the housing conditions of the peasants in the city, so as to speed up the rural revitalization.

According to the article Xu Huimin leads a team to Nantong Development Zone to inspect production safety on the front page of the official website of the Peoples Government of Dongxian, the reporter of the New Beijing News found that on April 9, Xu Huimin, Deputy Secretary of the Nantong Municipal Committee and mayor, led a team to Nantong Development Zone to inspect production safety, and stressed that the spirit of the important instructions and instructions of the central leadership should be thoroughly implemented, and in accordance with the Standing Committee of the Provincial Committee and the The latest deployment of the symposium is to recognize and promote the improvement of industrial renovation and upgrading from the perspective of implementing new development concepts, and to organize experts as soon as possible to conduct individual inspection, prescription, enterprise-by-enterprise policy and classified disposal of all chemical production enterprises and dangerous chemical storage and transportation enterprises. The article also points out that two enterprises, Olaflin Fine Chemicals and Huikang International, are also in a state of shutdown. Tian Eye Check shows that both enterprises are located in Nantong Development Zone.

Shut-down subsidiaries contribute 1/4 of profits to listed companies

The announcement of listed companies shows that Nantong Kaita was founded in August 2007 with registered capital of 80 million yuan. Its business scope is to produce and sell textile sizes (ionic sizes), hydrogenated oils, fatty acids, oleic acid, glycerin, soap-based, hydrogenated palm stearic acid, palm oil, palm wax, etc. As of December 31, 2017, the total assets and net assets of Nantong Kaita were 10.07 billion yuan and 170 million yuan respectively. In 2017, the company realized business income and net profit of 1.678 billion yuan and 3.81 million yuan respectively, accounting for 24% and 25% of Zanyu Science and Technologys revenue and net profit in 2017, respectively.

According to the data, Zanyu Technologies mainly deals in the daily chemical industry of surfactants and the manufacturing industry of oil chemicals. Its main products include anionic surfactants such as AES, AOS, sulfonic acid and MES. From 2015 to 2017 and from January to September 2018, Zanyus technology revenue was 2.822 billion yuan, 4.361 billion yuan, 6.908 billion yuan and 4.905 billion yuan, respectively. The net profits attributed to shareholders of listed companies were 15.67 million yuan, 152 million yuan, 159 million yuan and 151 million yuan, respectively.

On February 27, 2019, Zanyu Technologies disclosed its annual performance report for 2018, which showed that during the reporting period, the total operating income and net profit attributable to shareholders of listed companies were 7.02 billion yuan and 264 million yuan respectively, up by 162% and 65.82% respectively. Zanyu Technologies shares fell 4.66% to close at 8.80 yuan as of April 11.