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Subject: On April 4th, the Yancheng City of Jiangsu Province held a decision of the Standing Committee of the Municipal Party Committee to completely shut…
Excerpt: English text from the archived bilingual edition · Chinese edition
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On April 4th, the Yancheng City of Jiangsu Province held a decision of the Standing Committee of the Municipal Party Committee to completely shut down the Xiangshui Chemical Industry Park and include Chenjiagang Town as a pilot project to improve the housing conditions of the peasants in the city, “Ten Towns and 100 Villages”, and accelerate the realization of rural revitalization
It is understood that Yancheng currently has four chemical parks including Xiangshui Ecological Chemical Industry Park, Jiangsu Binhai Economic Development Zone Coastal Industrial Park, Dafenggang Petrochemical New Material Industrial Park and Suining High-tech Industrial Park. According to incomplete statistics, there are 48, 74, 2 and 5 companies are engaged in the production and operation of the chemical industry in the above-mentioned parks
Judging from the number of enterprises and registered capital in the park, Xiangshui Chemical Park ranks second among the four chemical industrial parks in Yancheng
Xiangshui Chemical Park is the location of the business layout of several listed companies of Lianhua Technology, Annoqi and Jiangsu Wuzhong. In the five trading days after the accident, the two major subsidiaries in the Xiangshui Chemical Park's share price of Lianhua Technology fell from the highest point of 12.85 yuan / share to a low of 9.76 yuan / share, a drop of 24%, the market value evaporated More than 2.5 billion
The Flush market shows that the listed company Zhejiang Longsheng (600352.SH) continued its daily limit on the two trading days after the accident. From March 22 to April 4, the stock price has risen from 11.42 yuan/share to 23.00 yuan/ Shares, the increase of 101%, the total market value also rose from 37.15 billion yuan to 74.83 billion yuan, an increase of 37.68 billion yuan
Zhejiang Longsheng disclosed its annual report on April 1st, indicating that the company has developed rapidly after 15 years of IPO listing. Currently, the textile chemicals business mainly based on dyes and additives is based on m-phenylenediamine and resorcinol. The main intermediate business has become the core business of the world's leading companies
From 2016 to 2018, Zhejiang Longsheng's operating income was 12.356 billion yuan, 15.10 billion yuan and 19.076 billion yuan respectively; the net profit attributable to shareholders of listed companies was 2.029 billion yuan, 2.474 billion yuan and 4.11 billion yuan respectively
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