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 company Baotou Jingrui New Material Co., Ltd. was subject to administrative punishment for environmental violations. According to the first paragraph of Article 23 of the regulations on the administration of environmental protection of construction projects, Baotou Jingrui new materials Co., Ltd. was fined 250000 yuan. The punishment information was disclosed by relevant regulatory authorities on November 4, 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) 56, the supervisors of Baotou Ecological Environment Bureau conducted an on-site investigation on Baotou Jingrui new materials Co., Ltd. on October 8, 2021. Upon inspection, Baotou Jingrui new materials Co., Ltd. has committed the illegal act of putting the construction project into production or use if the supporting pollution prevention and control facilities are not completed, accepted or unqualified.
According to the A-share green weekly report of the previous period (total issue 61), a total of 63 listed companies have recently exposed environmental risks, mainly in Beijing, Zhejiang, Jiangsu and Guangdong. Among them, 25 are state-owned controlled enterprises and 11 are enterprises with a market value of 100 billion. In addition to environmental risks, in the first week of January 2022, 21 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.
