The EIA of Kingclean Electric Co.Ltd(603355) 140 million project was agreed in principle

According to the data monitored by the “A-share green report” project, Kingclean Electric Co.Ltd(603355) (603355. SH) increased production by 5 million supporting motors, and the environmental review approval of the technical transformation project was approved in principle. The total investment of the project is 140 million yuan. The approval information was disclosed by relevant regulatory authorities on January 4, 2022.

The “A-share green report” project is jointly launched by the daily economic news and the well-known NGO Public Environmental Research Center (IPE) in the field of environmental protection, aiming to make the environmental information of listed companies more sunny and transparent. Based on the authoritative environmental regulatory data released by 31 provinces, municipalities and 337 prefecture level municipal governments, the project selects and monitors the environmental performance of listed companies and their subsidiaries (including branches, joint-stock companies and holding companies), makes professional data analysis and in-depth interpretation, intelligently writes daily, timely publishes the AI green report of listed companies, and launches the A-share green weekly report every week, Regularly and dynamically update the environmental risk list of listed companies.

According to the A-share green weekly report of the previous period (total issue 60), a total of 43 listed companies have recently exposed environmental risks, mainly in Beijing and Jiangsu. Among them, 22 are state-owned controlled enterprises and 10 are enterprises with a market value of 100 billion. In addition to environmental risks, in the fifth week of December 2021, a total of 19 projects of A-share listed companies and their subsidiaries entered the publicity status of EIA approval.

The 2020 annual report shows that the main business of Kingclean Electric Co.Ltd(603355) is the home appliance industry, accounting for 98.85% of revenue.

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