According to the data monitored by the “A-share green report” project, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) (600111. SH) holding subsidiary Baotou hongtianyu rare earth magnetic material Co., Ltd. was subject to administrative punishment for environmental violations. According to item 3 of Article 99 of the law of the people’s Republic of China on the prevention and control of air pollution, Baotou hongtianyu rare earth magnetic material Co., Ltd. was fined 100000 yuan. The punishment information was disclosed by relevant regulatory authorities on December 3, 2021.
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 content of the administrative punishment decision No. 150203 (2021) 59, on October 22, the working group for air quality supervision, improvement and assistance in key areas of the Ministry of ecological environment conducted an on-site inspection on Baotou hongtianyu rare earth magnetic material Co., Ltd, It was found that the spray pump of the supporting alkali liquor spray waste gas treatment facility in the acid concentration workshop of Baotou hongtianyu rare earth magnetic materials Co., Ltd. was not started, and the pollution prevention and control facilities did not operate normally.
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 businesses of China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) are commerce and industry, accounting for 51.32% and 48.26% of revenue respectively.
