Anhui Huaihua group, a coal chemical giant, will be publicly auctioned next month, and the former chief executive will be heard publicly this month

category:Finance
 Anhui Huaihua group, a coal chemical giant, will be publicly auctioned next month, and the former chief executive will be heard publicly this month


On New Years Eve on January 25, 2007, Xie Shaoying (the second from the left in the front row), the then chairman of Anhui Hengyuan coal and power company, gave the gift bag to the miners in the 400 meter underground mine. Before Xie Shaoying, Anhui Huaihua group had been exposed that Liu, the former chief financial officer, had caused a loss of 20 million yuan in state-owned assets, bribed 112000 yuan and embezzled public funds. According to the China judicial document network, the second instance of the ruling, Liu once appealed, but was eventually rejected. On July 24, 2019, Anhui Huaihua Co., Ltd. (Huaihua shares) went into bankruptcy liquidation. In 2018, Huaihua had a net loss of 428 million yuan. Due to the net loss of more than five years, it was decided to dissolve and liquidate with the consent of the general meeting of shareholders. By the end of 2018, the total assets of Anhui Huaihua Co., Ltd. was 3.537 billion yuan, accounting for 7.88% of the proportion of Wanbei Coal and power group, and the operating income was 1.151 billion yuan, accounting for 3.21% of the proportion of Wanbei Coal and power group. As one of the domestic coal chemical giants, the development history of Anhui Huaihua group is closely related to the development of coal. It ushered in glory in the 1990s to the beginning of the 21st century, but it gradually fell into silence under the background of environmental protection supervision and accelerated development of new energy in recent ten years. In July 2018, Anhui Huaihua groups last gasifier was shut down. The coal chemical giant, which has been in operation for 60 years, has officially stopped production. Prior to this, Anhui Huaihua group has been ordered to stop production for rectification because of environmental substandard. Anhui Huaihua Group Co., Ltd. is the largest coal chemical enterprise in Anhui Province, which is controlled by Wanbei Coal and power group. It has a history of 62 years, and its ending is a pity. According to public information, as the largest coal chemical industry base in Anhui Province, Anhui Huaihua group has ammonia and ammonia processing, alcohol and alcohol processing, nitrate, coking, fine chemical and other production facilities, with an annual output of 360000 tons of ammonia, 200000 tons of concentrated nitric acid and 150000 tons of ammonium nitrate, among which the sales of concentrated nitric acid have remained the first in the country for many times, and has been ranked among the top 1000 Chinese enterprises, the top 30 fertilizer manufacturing enterprises in China for many years Top 50 industrial enterprises in Anhui Province.

Editor Yang Baihui

Layout Meng Fanting

Wechat on duty: Yang Baihui