Fushun Special Steel Co.Ltd(600399) , Guangdong Jinma Entertainment Corporation Limited(300756) made the first environmental risk list, Zhejiang Huatong Meat Products Co.Ltd(002840) companies received multiple environmental fines… Which listed companies’ environmental protection and letter responsibility lit up the red light in the fourth week of March 2022? Which enterprise projects have received the green light of environmental impact assessment? Let’s look at issue 69 of A-share green weekly.
The daily economic news, in conjunction with the public environmental research center (IPE), a well-known NGO in the field of environmental protection, has collected and analyzed the environmental information data of thousands of listed companies and tens of thousands of companies (including branches, joint-stock companies and holding companies) in China every week since September 2020, based on authoritative data sources such as environmental quality, environmental emissions and pollution source supervision Records issued by 31 provincial, urban and 337 prefecture level municipal governments, The release of “A-share green weekly” aims to make the environmental information in the business activities of Listed Companies in the capital market more sunny and transparent with the help of environmental database and professional analysis and dissemination ability.
According to the data collected in the fourth week of March 2022, the reporter of the daily economic news found that a total of 35 listed companies had recently exposed environmental risks among them, 15 are state-owned enterprises and 10 are enterprises with a market value of 100 billion . In addition to environmental risks, in the fourth week of March 2022, five projects of a-share listed companies and their subsidiaries entered the publicity status of EIA approval .
One week’s Green Book: Fushun Special Steel Co.Ltd(600399) , Guangdong Jinma Entertainment Corporation Limited(300756) their current ecological environment related violations
In addition to the factors such as enterprise management ability, financial situation and industry competition, environmental risk has increasingly become one of the important business risks of listed companies. Environmental risk is not only related to enterprise development, but also related to enterprise image.
environmental risk list involves the distribution of listed companies (the fourth week of March)
Overall, in the fourth week environmental risk list in March 2022, negative information such as exceeding the standard, violation of laws and accidents was related to 35 listed companies, and the equity relationship was verified by qixinbao data. Among them, 35 listed companies are involved in environmental violations.
The reporter of the daily economic news found that behind the 35 listed companies listed in the fourth week of March 2021, there are as many as 6.434 million shareholders. If the investment object is listed on the environmental risk list, they may face investment risks.
In this period, a number of listed companies were newly listed on the environmental risk list, among which Fushun Special Steel Co.Ltd(600399) , Guangdong Jinma Entertainment Corporation Limited(300756) 2 listed companies were listed on the risk list due to their illegal behaviors related to ecological environment.
Specifically, on September 24, 2021, the emission of sulfur dioxide and nitrogen oxides from Fushun Special Steel Co.Ltd(600399) 35 ton coal-fired boilers were sampled and monitored on site monitoring report shows that the concentration of sulfur dioxide exceeds the standard by 1.6 times and the emission concentration of ammonia oxide exceeds the standard by 0.22 times, accumulatively exceeding the standard by 1.82 times. Therefore, Fushun Special Steel Co.Ltd(600399) was fined 200000 yuan
As a listed company mainly engaged in the R & D and manufacturing of special steel and alloy materials, Fushun Special Steel Co.Ltd(600399) itself has been included in the audit list of key pollutant discharge units. With the implementation of the administrative measures for the legal disclosure of enterprise environmental information this year, Fushun Special Steel Co.Ltd(600399) has also been included in the list of enterprises that disclose environmental information according to law, and relevant environmental information needs to be disclosed in time.
In the 2021 annual report released by Fushun Special Steel Co.Ltd(600399) just now, it disclosed the above punishment and said that the company received the decision on administrative punishment from Fushun Ecological Environment Bureau in March 2022.
Another listed company newly listed on the risk list due to its involvement in violations of laws and regulations related to the ecological environment is Guangdong Jinma Entertainment Corporation Limited(300756) , which is mainly engaged in the R & D, manufacturing, sales, installation and investment and operation of innovative cultural and tourism projects of large-scale amusement facilities and film and television immersive amusement projects.
the punishment involved in Guangdong Jinma Entertainment Corporation Limited(300756) comes from October 15, 2021. The company was found to discharge water pollutants exceeding the water pollutant discharge standard
Guangdong Jinma Entertainment Corporation Limited(300756) disclosed the punishment in detail in the announcement of its prospectus (application draft). Specifically, there are two polishing and cleaning areas for FRP products in its machinery workshop. During the cleaning process, there is cleaning wastewater, which is collected to the wastewater collection tank through the pipeline and transferred for treatment; During the on-site inspection, the relevant departments found that there were cracks on the water retaining edges of the two polishing and cleaning areas set up by the company, and the polishing and cleaning wastewater of three employees seeped into the drainage ditch through the cracks. After testing, the chemical oxygen demand and suspended solids of the wastewater in the drainage ditch on the west side of exceeded the standard Guangdong Jinma Entertainment Corporation Limited(300756) was fined 160000 yuan
Guangdong Jinma Entertainment Corporation Limited(300756) said that it had completed the rectification of such violations, including: stopping the use of clean water to clean the molds in the FRP workshop and using other wiping methods instead of cleaning; Hold meetings to strengthen the education and training of environmental protection knowledge for environmental protection, production responsible persons and employees.
environmental protection punishment: Zhejiang Huatong Meat Products Co.Ltd(002840) re listed companies received multiple environmental protection fines
In the fourth week of March 2022, the database collected that 39 affiliated enterprises received administrative punishment decisions related to ecological and environmental problems or ordered to correct illegal acts, involving 35 listed companiesP align = “center” listed companies and their holding enterprises are among the top ten fines for environmental violations
In this period, companies under Zhejiang Huatong Meat Products Co.Ltd(002840) whose performance has changed greatly recently received a number of environmental protection fines.
Among them, Zhejiang Huatong Meat Products Co.Ltd(002840) Xianju Huatong breeding pig Co., Ltd. was punished three times in succession , respectively. Xianju Huatong breeding pig Co., Ltd. was found on November 20, 2021 that did not formulate an emergency plan for water pollution accidents and did not take effective emergency measures , resulting in the overflow of sewage in the wastewater treatment facilities and flowing to the environment outside the enclosure of the plant; On December 24, 2021, the construction project of Xianju Huatong breeding pig Co., Ltd. Xianju modern ecological breeding pig was found. From August 2021 to now, in the case of not obtaining the sewage discharge permit according to law, indirectly discharged water pollutants into the water body through entrusted outward treatment . In addition, the above project was also found. From October 2021 to now, discharged wastewater pollutants through outward transportation, The zero discharge of wastewater was not implemented according to the requirements of environmental assessment, and the technical transformation project was not re submitted for approval .
For these acts, Xianju Huatong breeding pig Co., Ltd. was fined a total of 485000 yuan .
In addition to Xianju Huatong breeding pig Co., Ltd., Xianju Guangxin Food Co., Ltd., a subsidiary of Zhejiang Huatong Meat Products Co.Ltd(002840) also recently received a fine of 280000 yuan .
Specifically, on December 14, 2021, Xianju Guangxin Food Co., Ltd. was found that two heavy tank trucks were using hoses to discharge the turbid liquid in the tank into the coarse grid pool of the company’s sewage treatment system. After collecting water samples from the open caisson at the front end of the coarse grid pool and the main wastewater outlet, the monitoring report showed that the total phosphorus of the water sample at the main outlet exceeded the standard.
Subsidiaries are exposed to a number of environmental risks, and the listed company Zhejiang Huatong Meat Products Co.Ltd(002840) has attracted much attention recently due to the great change of performance. Its performance forecast for 2021 has gone through a period from showing a profit of 10-15 million yuan to being revised to a loss of 170230 million yuan. After the substantial change in the performance forecast, Zhejiang Huatong Meat Products Co.Ltd(002840) also quickly received a letter of concern from the Shenzhen Stock Exchange asking the company to explain the reasons.
As for the revision of the performance forecast, Zhejiang Huatong Meat Products Co.Ltd(002840) explained that: first, in terms of the provision for asset impairment, since February 2022, the price of China’s pig market has further decreased, and the recent decline is large. The management of the company carefully assessed the impairment risk of biological assets according to the recent pig market situation, and made a supplementary provision for the impairment of biological assets for the biological assets on the company’s stock at the end of 2021; Second, in terms of government subsidies, the company adjusted the accounting treatment of some government subsidies obtained in the early stage, and included the adjustment of some government subsidies included in the current “other income” into the “deferred income” for apportionment.
It should be noted that in recent years, with the gradual warming of the investment concept of ESG (environment, social responsibility and Governance), investors pay more and more attention to the sustainable development ability of enterprises. The environmental responsibility of financial investment and strategic investment of listed companies should also be paid attention to. Therefore, the environmental data of directly or indirectly participating enterprises are included in the A-share green report project database.
In this period, the listed company Huadian Power International Corporation Limited(600027) was listed on the list of environmental risks due to its participation in etokeqian banner Great Wall No. 3 Mining Co., Ltd.
Etuokeqian banner Great Wall No. 3 Mining Co., Ltd. has recently been subject to four administrative penalties, all of which are related to the online monitoring data exceeding the standard. After the on-site investigation, the law enforcement personnel found that the situation is true. The cumulative amount of fines for the four penalties was 567700 yuan
Huadian Power International Corporation Limited(600027) in 2021, which recently released its annual report, lost 4.965 billion yuan last year. However, as its major equity investment, etokeqianqi Great Wall No. 3 Mining Co., Ltd. brought 60 Shandong Longda Meat Foodstuff Co.Ltd(002726) 6 million yuan of investment income in 2021 Huadian Power International Corporation Limited(600027) 2021 annual report shows that Etuokeqian banner Great Wall No. 3 Mining Co., Ltd. is mainly engaged in coal mining, production and sales.
It should be noted that in this issue, there is a new progress in the environmental punishment of China Petroleum & Chemical Corporation(600028) participating in Hunan Expressway Guangtong Industrial Development Co., Ltd. The punishment shows that on December 30, 2021, Miluo branch conducted an on-site inspection on the Dajing service area of Beijing Hong Kong Macao Expressway operated by Hunan Expressway Guangtong Industrial Development Co., Ltd. and sampled and monitored the wastewater at the general outlet of the wastewater treatment facilities in zone a (Western District). The results show that the concentrations of suspended solids, chemical oxygen demand, ammonia nitrogen and total phosphorus in the discharged wastewater exceed the standard respectively. In this regard, Hunan Expressway Guangtong Industrial Development Co., Ltd. told the reporter of the daily economic news that it had filed an administrative reconsideration of the punishment, and said that after Yueyang Ecological Environment Bureau issued the decision on ordering Hunan Expressway Guangtong Industrial Development Co., Ltd. to correct illegal acts, Hunan Expressway Guangtong Industrial Development Co., Ltd. immediately upgraded the technology of sewage discharge at the construction site, The test results of relevant institutions are qualified .
Environmental impact assessment of the project: Guangdong Jiayuan Technology Co.Ltd(688388) high end copper foil construction project with an annual output of 50000 tons has passed the environmental impact assessment
Project environmental impact assessment is the environmental impact assessment of construction projects. It is not only the precondition for most projects to start construction, but also the basis for environmental protection after project construction or operation. For listed companies, to invest in new projects, EIA approval is also a test that must be experienced.
According to the data collected in the fourth week of March, five projects of A-share listed companies and their holding and participating companies have entered the publicity status of EIA approval.
listed companies and their holding subsidiaries passed the project EIA
It is worth noting that the listed company Guangdong Jiayuan Technology Co.Ltd(688388) with an annual output of 50000 tons of high-end copper foil construction project has passed the environmental impact assessment.
On November 11 last year, Guangdong Jiayuan Technology Co.Ltd(688388) announced that signed the letter of intent for the construction project of Guangdong Jiayuan Technology Co.Ltd(688388) high-end copper foil with an annual output of 50000 tons with the people’s Government of Meixian District, Meizhou City, and pointed out that the project is a manufacturing project of high-end electrolytic copper foil for printed circuit board . It also said that Guangdong Jiayuan Technology Co.Ltd(688388) is mainly engaged in the R & D, manufacturing and sales of high-performance copper foil. The flexible switching production capacity of printed circuit board copper foil and lithium battery copper foil is fully considered in the planning and design, equipment customization and process design of the project. As the project has not been formally implemented, if the future market demand is less than expected, there is a risk that the early investment recovery and benefit realization of the project are less than expected.
The environmental impact report of the project shows that the total investment of project is 4528533600 yuan. It mainly produces high-end electrolytic copper foil, mainly including high-end printed circuit board copper foil , such as reverse copper foil (RTF), very low profile copper foil (VLP), very low profile copper foil (HVLP), with an annual output of 50000 tons. It is planned to be constructed in three phases (10000 tons in phase I, 20000 tons in phase II and 20000 tons in phase III).
It is worth noting that for the fund source of the project, the relevant announcement disclosed on March 12 this year shows that Jiayuan technology and Meixian District People’s Government of Meizhou City have not agreed on the fund source of the above project. If the project can be approved by Guangdong Jiayuan Technology Co.Ltd(688388) board of directors and general meeting of shareholders, and a series of pre procedures can be obtained, Guangdong Jiayuan Technology Co.Ltd(688388) or self owned funds or bank loans will be used to raise funds required for project construction.
In addition to the above projects, the projects of Maanshan Iron & Steel Company Limited(600808) , Xinjiang Tianshan Cement Co.Ltd(000877) , Hunan Valin Steel Co.Ltd(000932) many listed companies or subsidiaries have obtained the EIA reply , which means that these investment projects will soon enter the construction stage.
It should be noted that the disclosure of environmental information and data depends on the continuous improvement of the disclosure level of environmental supervision information. From the 2008 Environmental Information Disclosure Measures (for Trial Implementation) to the newly revised chapter V of the environmental protection law of the people’s Republic of China, which establishes “information disclosure and public participation”, information disclosure is guaranteed from the system construction.
Relevant laws and regulations stipulate that citizens, legal persons and other organizations enjoy the right to obtain environmental information, participate in and supervise environmental protection according to law. The competent environmental protection departments of the people’s governments at all levels and other departments responsible for the supervision and administration of environmental protection shall disclose environmental information according to law, improve the procedures for public participation, and provide convenience for citizens, legal persons and other organizations to participate in and supervise environmental protection. The 20182019 120 city pollution source regulatory information disclosure index (PITI) report prepared by the public environment research center (IPE) and the natural resources protection association (NRDC) also pointed out that environmental information has gradually become a recognized principle of the government and the public with “openness as the norm and non disclosure as the exception”.
