Guangdong Haomei New Materials Co.Ltd(002988) subsidiary has a safety accident, and the melting and casting workshop has stopped production for safety inspection

Recently, Guangdong Haomei New Materials Co.Ltd(002988) ( Guangdong Haomei New Materials Co.Ltd(002988) ) was pushed to the forefront due to an explosion in the production process of Guangdong Meimei special profile Co., Ltd., a wholly-owned subsidiary.

On April 5, Guangdong Haomei New Materials Co.Ltd(002988) issued an announcement on the aforementioned incident, saying that the accident caused four deaths and one serious injury, and the injured were sent to the hospital for treatment in time. At present, the competent government department has set up an accident investigation team, and the company has also launched an emergency plan to urgently comfort the families and deal with the aftermath. At the same time, the melting and casting workshop of exquisite special materials and Guangdong Haomei New Materials Co.Ltd(002988) Taiji industrial city has stopped production for safety inspection, other production processes and production and operation of the plant are normal, and the economic losses caused by the accident are still under statistics.

As the main manufacturer of special aluminum alloy profiles under Guangdong Haomei New Materials Co.Ltd(002988) banner, exquisite special materials have just turned losses into profits in 2021, with an annual net profit of 27.447 million yuan, accounting for 20% of the overall net profit of the listed company.

accident causing 4 deaths

Before Guangdong Haomei New Materials Co.Ltd(002988) responded to the safety accident in the form of announcement, the official wechat “Qingcheng release” of the Information Office of Qingcheng District People’s Government of Qingyuan City, Guangdong Province released a briefing of the Emergency Management Bureau early this morning, announcing the general situation of the accident. According to the briefing, the explosion accident occurred in Yuantan Town, Qingcheng district. It was caused by furnace 9 in the melting and casting workshop of exquisite new materials during the production process. The accident resulted in four deaths and one serious injury. According to relevant regulations, more than 3 and less than 10 deaths are major accidents.

According to the preliminary judgment on site, the cause of the explosion accident is that the aluminum water leaked into the cooling pool during the casting process of the aluminum rod. Industry insiders said that under high temperature conditions, the chemical reaction between aluminum water and steam will produce hydrogen. When the hydrogen concentration reaches a certain proportion and encounters high-temperature aluminum alloy solution, it will explode. Multiple videos at the scene showed that mushroom clouds more than 10 meters high rose in the air at the time of the explosion Guangdong Haomei New Materials Co.Ltd(002988) said that the damaged houses and equipment were mainly the melting and casting workshop of exquisite special materials, and other workshops and production processes were not affected. At the same time, the company has taken out relevant property insurance and reported the case to the insurance company.

For the sudden explosion accident, Guangdong Haomei New Materials Co.Ltd(002988) has started the emergency plan, reported it to the relevant government departments according to the relevant procedures at the first time, and actively cooperated with the emergency fire department to organize rescue and investigation. At present, the competent government department has established an accident investigation team, the injured have been sent to the hospital for treatment in time, and the company has started the aftermath work such as appeasing their families.

With regard to the subsequent impact of the accident on the company, the company said that the production process and the production and operation of the plant have been normal except that the production of exquisite special materials and the melting and casting workshop in Guangdong Haomei New Materials Co.Ltd(002988) Taiji industrial city have been shut down for safety inspection. At present, the specific causes of the accident are under investigation and analysis, and the economic losses are still under statistics. The company will conduct safety self inspection and self correction to eliminate potential safety hazards.

involved subsidiary just turned loss into profit

As a wholly-owned subsidiary of Guangdong Haomei New Materials Co.Ltd(002988) subordinate company specializing in industrial aluminum profiles and automotive lightweight products, exquisite special materials has formed a complete industrial aluminum profile industry chain from melting and casting, homogenization, mold design and manufacturing, hot extrusion, fine drawing, heat treatment, surface treatment to deep processing. In 2021, the “aluminum alloy new material construction project”, a fund-raising project with exquisite special materials as the main implementation body, was completed and put into operation, which was strongly driven by the demand of downstream new infrastructure and new energy automobile industry. Exquisite special materials was recognized as a high-tech enterprise in that year, ended the loss state for several consecutive years, and successfully turned losses into profits. In that year, it recorded an operating revenue of 1.935 billion yuan and a net profit of 27.447 million yuan, accounting for the overall revenue and profit of listed companies respectively 35% and 20% of net profit.

According to the official website of exquisite special materials, the company has 10 melting and casting production lines with an annual melting and casting capacity of 300000 tons and 20 extruder production lines with an annual extrusion capacity of 200000 tons. At the same time, it has 2 fine drawing lines, vertical solid solution quenching furnaces, CNC machining centers, CNC machine tools and other production equipment. As the accident occurred in the melting and casting workshop, the company’s melting and casting production line is facing a large-scale shutdown. In addition to the exquisite special material melting and casting workshop involved, the melting and casting workshop in Guangdong Haomei New Materials Co.Ltd(002988) Taiji industrial city has also stopped production and conducted safety inspection at the same time. The resumption time is unknown, and the impact on the company’s production capacity has not been announced. In 2021, the production and sales volume of Guangdong Haomei New Materials Co.Ltd(002988) aluminum profile were 250000 tons and 246600 tons respectively, with a year-on-year increase of more than 40%.

In terms of performance, the operating revenue of Guangdong Haomei New Materials Co.Ltd(002988) 2021 was 5.6 billion yuan, a year-on-year increase of 62.91%; The net profit was 139 million yuan, a year-on-year increase of 20.03%.

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