A shares are the fastest ST in history! Only 10 months on the market, or related to the sound water explosion!2019-08-07 00:26:10 1220 ℃
On July 14, less than 10 months after listing, Fengshan Group issued the "Advisory Notice on the Implementation of Other Risk Warnings in Stock Exchange and the Cessation of Stock Exchange". According to the announcement, the company's stock will be suspended for one day on July 15, reopened on July 16 and other risk warnings will be implemented. A-share is abbreviated as "Fengshan Group". ” Change to "ST Fengshan". The risk of
company comes from the lack of heat source, because the heating company in the park has stopped production and maintenance from mid-April, and can not resume heating until July 18. The company's original drug workshop has stopped production and can not determine the resumption time.
heating plant maintenance, plant shutdown will exceed three months
September 17, last year, Fengshan Group, located in Yancheng, Jiangsu, just listed on the Shanghai Stock Exchange, less than 10 months, the company will wear the "ST" hat. According to the company's announcement, this originates from the shutdown of the heating company in the park for maintenance and repair, and the shutdown will last for at least three months.
On July 14, Fengshan Group issued a notice that the company received a safety inspection notice from Yancheng Lingyunhai Thermal Power Co., Ltd. (hereinafter referred to as "heating company") of the park central heating company on April 16 for its steam pipeline network. On April 18, 2019, the company carried out a safety inspection notice for the original drug synthesis vehicle. Interim temporary shutdown.
According to the latest communication situation, it is expected that the heating company can not resume heating before July 18, and the company's original drug synthesis workshop will still be in a state of shutdown, and the resumption time is uncertain. This temporary shutdown of the raw drug synthesis workshop mainly produces four kinds of raw drug products: fluralin, nicosulfuron, quinofolin and chlorpyrifos. In 2018, the realized revenue of the above-mentioned raw drug products accounted for 8.68% of the combined main business income in that year. Journalists from
Securities Times E noted that the second quarter of last year was the largest quarter of revenue in that year. In the second quarter of 2018, the company's revenue was 488 million yuan, and the net profit attributable to shareholders of listed companies was 55.07 million yuan, accounting for 37% and 40% of the total revenue and net profit respectively.
company announcement said that the above situation conforms to the "Shanghai Stock Exchange Stock Listing Rules" (hereinafter referred to as "Listing Rules") Article 13.4.1 (2), "Production and business activities are seriously affected and are not expected to return to normal within three months". The company applies to the Shanghai Stock Exchange for "other risk warning" on its stock. According to the relevant provisions of Article 13.4.1 and 13.4.2 of the Listing Rules, the company's shares will be suspended for one day on July 15, 2019, and the risk warning will be implemented on July 16. After the implementation of the risk warning, the daily rise and fall of stock prices will be limited to 5%. After the implementation of risk warning, the company's stock will be traded on the risk warning board. More than one Fengshan Group was affected by
Huifeng shares and Fengshan Group in the same park, but also because of the heating company's safety overhaul to stop heating, the original drug synthesis workshop temporarily stopped production. On July 12, Huifeng announced the revised announcement of its first half performance forecast, which estimated a loss of 75 million yuan to 175 million yuan, and a profit of 98.12 million yuan in the same period last year. For the reason of loss, Huifeng shares explained the same as Fengshan Group, because the park industrial company stopped heating, resulting in plant shutdown, the shutdown time far exceeded expectations, the loss caused by shutdown increased substantially. Is < H4 > < H4 > < strong > lack of heat source or industry renovation? For the reasons of the company's shutdown, Fengshan Group has issued three announcements on April 18, May 11 and June 29, and announced the relevant process. It is noteworthy that some shareholders still ask questions on E-interaction whether the shutdown of the company's workshop is caused by environmental problems. A sentence in the announcement of
on July 14 attracted the attention of the correspondent of Securities Times E Company. "As of July 14, all the enterprises in the park are in the work of improving safety and environmental protection, and no chemical synthesis enterprises have been reproduced yet." That is to say, all chemical synthesis enterprises in the park are carrying out safety and environmental protection. Renovation.
On March 21, this year, an explosion occurred in the chemical storage tank of Jiangsu Tianjiayi Chemical Co., Ltd. in the chemical park of Chenjiagang Town, Xiangshui County, Yancheng City, Jiangsu Province, and affected 16 surrounding enterprises. After the accident, there was a storm of regulation for chemical enterprises in Jiangsu.
According to the Beijing News, since March this year, at least 17 listed chemical companies have announced that their companies or subsidiaries are involved in shutdown, and most of the shutdown factories are concentrated in Jiangsu.
For example, on June 27, ST Changjiu announced that its Jiangsu Changjiu Agricultural Science and Technology Company had found potential safety hazards and needed to stop production in order to add automatic shutoff valves or interlocking devices. Changjiu Agricultural Science is located in Rudong Yangkou Port Economic Development Zone, Jiangsu Province. ST's long-term operation largely depends on Changjiu Agricultural Science. On July 5, the company received an oral notification from the staff of Nantong Emergency Management Bureau, agreeing to resume production in Changjiu Agricultural Section of Jiangsu Province. The announcement of
Fengshan Group shows that at present, the company has completed the related work of safety hazard investigation, improvement, maintenance and upgrading, but the time of resumption is uncertain. After the implementation of other risk warnings, the board of directors of the company will speed up the work of restoring production, actively communicate with relevant units, promote the heating company to restore heating as soon as possible, and apply to Shanghai Stock Exchange for the cancellation of "other risk warnings" in time until the relevant drug production workshop resumes production and stable operation. During the implementation of other risk warnings, the board of directors of the company will issue timely announcements according to the progress of the matter. < H4 > < p > < strong > The issuance of the sponsorship letter indicates that the sponsor of Fengshan Group is Huatai United Securities Co., Ltd. and the sponsorship cost is 2.83 million yuan. The issue of sponsorship shows that the issuer has sustained profitability and good financial condition.
However, the first item in the risk hint chapter of the issue of sponsorship is environmental protection and safe production risk.
Fengshan Group is mainly engaged in pesticides, which will produce wastewater, waste gas, solid waste and other "three wastes" and noise in the production process. With the increasing attention of the state and society to environmental protection, relevant departments may promulgate and adopt higher environmental protection standards. If the company fails to meet the corresponding requirements in time when the environmental protection policy changes, it may be restricted, suspended or face the risk of environmental punishment. At the same time, if the relevant environmental protection standards are improved, the company will further increase its investment in environmental protection, increase the company's operating costs, thereby affecting the company's operating performance.p>The company also has the risk of safety production. The company is mainly engaged in the R&D, production and marketing of high efficiency, low toxicity, low residue, environmentally friendly pesticide raw materials, preparations and pesticide intermediates. Some raw materials, semi-finished products or finished products, by-products are flammable, explosive, corrosive or toxic substances. The company has the risk of safety accidents due to imperfect equipment and technology, improper storage and operation of goods, inadequate implementation of safety management measures or natural disasters, which affects the normal production and operation of the company.
Unexpectedly, all environmental protection risks and safety risks did not occur in Dafeng District, Yancheng City, where Fengshan Group is located, but in Xiangshui County, the same city.
In addition, Huatai United Securities Co., Ltd. conducted on-site inspection of the relevant situation of Jiangsu Fengshan Group Co., Ltd. in 2018 from December 26 to December 28, 2018, according to the report on the on-site inspection of Fengshan Group's Continuous Supervision in 2018. After the on-site verification, the sponsors believe that the operation of Fengshan Group in the company governance, internal control system, three sessions operation, information disclosure, independence, affiliated transactions, external guarantees, major foreign investment and other important aspects in 2018 conforms to the Guidelines for the Continuous Supervision of Listed Companies in Shanghai Stock Exchange and Shanghai Securities Exchange. Shanghai Stock Exchange Stock Listing Rules and other related requirements. Up to the day of on-site inspection, Fengshan Group is in good condition, and its main business, business model and core competitiveness have not changed significantly. The sponsors will continue to pay attention to the progress of the company's fund-raising investment projects and urge the company to use the fund-raising effectively and reasonably.
Regarding the company's operating conditions, Huatai United Securities believes that the company's operating conditions are good, sales, management, procurement, R&D and other businesses are running normally, the main business and business model have not changed significantly, the company's main business has developed steadily, and the overall business situation is good. 。 The market prospects of the company's main business and the business environment of the industry have not changed significantly, nor has the company's core competitiveness changed significantly.
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