Subjects that have caused 60 % of the revenue of Special Paper to contribute to the surveillance accidents were ordered to suspend production

On the evening of September 18th, Wuzhou Special Paper (SH605007, a stock price of 15.04 yuan, and a market value of 6.016 billion yuan) announced that the company's wholly -owned subsidiary Jiangxi Wuxing Paper Co., Ltd. (hereinafter referred to as "Jiangxi Five Stars") Causes casualties. At present, the rescue work has ended, and the cause of the accident is under investigation.

Wuzhou Special Paper said that after the accident, the company immediately launched an emergency plan, and the company leaders immediately rushed to the scene to organize processing and reported to the relevant local government departments in accordance with relevant procedures. The Houkou County Emergency Administration issued the "Order of the Dialogue for Rectification in the limited time", which was ordered to stop the production of five stars in Jiangxi. Wuzhou Special Paper said that Jiangxi's five -star actively cooperated with relevant departments to investigate, and the current disposal work is carried out in an orderly manner.

As of June 30, 2022, Jiangxi's five-star assets were 3.969 billion yuan, accounting for 65.79%of the total assets of the boss company; the net assets were 1.239 billion yuan, accounting for 56.09%of the company's net assets; 1888 million yuan, accounting for 63.50%of the company's operating income; net profit of 90.972 million yuan, accounting for 42.17%of the company's net profit.

Wuzhou Special Paper's 2022 semi -annual report showed that the company's operating income increased by 81.87%over the same period last year. Listed companies stated that the main reason was that the five -star annual output of 500,000 tons of food packaging paper production lines in Jiangxi was put into production in the fourth quarter of 2021 and sold at the beginning of the year. The net profit attributable to shareholders of listed companies was 18.17%compared with the same period last year. The main reason was that the cost of raw materials increased significantly, and the gross profit margin of the main business decreased.

It is understood that at the current 8 production lines, PM7, PM8, PM9, and PM10 have been put into production lines. Among them, PM9 and PM10 are newly built cultural paper and food packaging paper production lines in 2021. Wuzhou special paper also has a large reliance on the Jiangxi base, which is dominated by the five -star Jiangxi.

In terms of the layout of the production base, the Jiangxi base contributed 1 million tons of production capacity, accounting for 75%of the total production capacity. The Jiangxi base is complete and has its own power plant, which can realize self -sufficiency of electricity and steam. Compared with outsourcing energy consumption, especially in the case of rapid changes in large energy prices, energy costs can be greatly saved.

In the first half of this year, Wuzhou Special Paper review and approve the "Proposal on the Investment and Construction of 300,000 -T -Machine Purch Production Line" in Jiangxi Wuxing Paper Co., Ltd.. The demand for pulp strengthens the industrial chain layout in the integration of pulp. The project is expected to invest 1.435 billion yuan.

On the impact of the safety accident on the company's production and operation, Wuzhou special paper stated that the specific property loss and stop time of the accident caused by the accident are being further verified. It is expected that the accident may have a certain impact on the company's 2022 production and operation performance. Essence

Daily Economic News

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