According to the data monitored by the “A-share green report” project, Metallurgical Corporation Of China Ltd(601618) (601618. SH) holding subsidiary China 19th Metallurgical Group Co., Ltd. was subject to administrative punishment for environmental violations. According to Article 72 of the drainage regulations of Shenzhen Special Economic Zone, China 19th Metallurgical Group Co., Ltd. was fined 225000 yuan. The punishment information was disclosed by relevant regulatory authorities on November 17, 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 with the document number of Shenlong Shuijing (2021) No. 020, China 19th Metallurgical Group Co., Ltd. demolished the drainage pipe network without authorization and replaced the original DN600 pipe with dn400 PE pipe, resulting in the collapse of the pavement at the damaged place, which constituted an act endangering the safety of drainage facilities.
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.
According to the semi annual report of 2021, Metallurgical Corporation Of China Ltd(601618) is mainly engaged in engineering contracting, real estate development, equipment manufacturing, resource development and other industries, accounting for 91.17%, 4.29%, 2.34%, 1.38% and 0.55% of revenue respectively.
