Focus on IPO ｜ Frequent production safety accidents, named "repeatedly teach", Guangkang Biochemical "hard break" IPO

Text/Yangcheng Evening News all -media reporter Liu Jianing

On August 25, 2022, the GEM Municipal Party Committee reviewed the initial application of Guangdong Guangkang Biochemical Technology Co., Ltd. (hereinafter referred to as Guangkang Biochemical), and the latter planned to raise 6911.9 million yuan.

The prospectus disclosed that Guangkang Biochemical was mainly engaged in the research and development, production and sales of pesticide -primary drugs, intermediates, and preparations. The main products include pesticides, bactericides, and herbicides.

Guangkang Biochemical has been questioned by the exchange many times in the IPO. In the three -wheeled IPO review inquiry letter, the Shenzhen Stock Exchange inquired about Guangkang's biochemical administrative punishment, GEM positioning, environmental protection verification, actual controller, main business income and gross profit margin issues. Although Guangkang Bio responded to the inquiry, there are still many factors that have attracted market attention by Guangkang Biochemical's sprinting capital market.

On the eve of the IPO, "ordering to correct the illegal act of illegal act"

As a pesticide production enterprise, while pursuing the business development of enterprises, the responsibility for environmental protection is even more responsible for shoulders. However, reporters from Yangcheng Evening News can inquire in public materials that as a pesticide production and research and development enterprise, Guangkang Biochemical has been punished by relevant government departments in recent years in dangerous goods disposal and pollutant emissions. At the same time, the problem of environmental pollution has also risen to criminal cases due to pollution compensation.

On June 23, 2022, on the eve of the IPO, the Yingde City Environmental Protection Bureau of Guangdong Province issued a decision to correct the illegal act (hereinafter referred to as the decision). The content of the decision shows that on June 8, 2022, law enforcement officers of the British and German Environmental Protection Bureau conducted on -site inspections on Guangkang Biochemical. The overflowing wastewater mixed rainwater flowing through the rainwater can flow through the company's total discharge port to the oxidation pond outside the company.

The decision shows that the above behavior violates Article 39 of the People's Republic of China Water Pollution Prevention Law "prohibits the use of seepage, seepage pits, cracks, caves, privately set up dark management, tampering, forgery monitoring data, or abnormal operation of operations normally Regulations on evading supervision such as water pollution prevention and control facilities to discharge water pollutants ".

What is ordered to correct illegal acts to determine the strong contrast of the book bank is that Guangkang Biochemical stated in the prospectus: During the reporting period (referred to as 2019-2021), the company's annual environmental investment was 28.954 million yuan and 29.269 million, respectively. Yuan and 23.2786 million yuan, the company has not been punished for violations of laws and regulations in terms of environmental protection.

As soon as the words fell, the British and German Environmental Protection Bureau was "caught." Regarding whether Guangkang Biochemical has a loophole in environmental pollution prevention and control management, Guangkang Biochemical still has no reply as of press time.

A fire "burned" 60 million yuan in the company's safety production has many outstanding problems

If this is only an unintentional loss, it may still be able to say, but in the past few years, Guangkang Biochemical has frequently issued problems in corporate safety governance and pollution prevention.

In 2019, a fire accident from the omissions of safety management was "burned" by 60 million yuan. This has also become a stain that cannot be escaped on the prospectus. On August 6, 2019, a thunderstorm weather appeared in the place where Guangkang Biochemical Warehouse was located. The climbing dan agent packaging bag stored under the finished warehouse of the AB2 production base was damaged during the use of forklift transportation. Cross -steaming steam or gases, Kobya Dan quickly separates heat in the water itself. The heat agglomeration causes the temperature to rise rapidly, and eventually induced the material. The fire was over 2000 square meters, and some material inventory was burned at the scene.

In the prospectus, Guangkang Biochemical said that the fire accident did not cause casualties, and the fire accident water did not flow out of the factory area. Derivative accidents did not have a significant adverse effect on the environment. Although the large space for Guangkang Biochemical proves that this fire accident is a general accident, it is strived to minimize the impact of the accident to the IPO.

So, can this accident only cover the severity behind the "general accident"?

On August 11, 2019, the Guangdong Provincial Department of Emergency Management issued the announcement of the "There are many problems in the existence of fire accidents in Guangdong Guangkang Biochemical Technology Co., Ltd.".

The announcement of the announcement strictly pointed out that (2019) At about 23:30 on August 6, a fire accident in the finished warehouse of Guangdong Guangkang Biochemical Technology Co., Ltd., located in Hongfeng Management Zone, Shakou Town, Yingde City, Qingyuan. Causes casualties, but caused the surrounding people to evacuate and have great social impact.

The work group of the Guangdong Provincial Emergency Management Department found that there are many outstanding problems in the company's safety production: a large number of chemicals under the warehouse of the accident under the warehouse of the accident, which seriously violates the standards and specifications such as the "Storage of Common Chemical Dangerous Storage". Repeatedly taught repeatedly, and the problems of repeated education are not prominent, and the responsibility of the main body of production safety in the enterprise is seriously lacking; the enterprise found on May 11th that "the safety facilities of the power distribution room do not meet the requirements of the specifications" and other hidden dangers. , The finished product warehouse video surveillance equipment has been damaged for more than one year, it is not repaired in time, the problem with the disease is serious, the daily safety management and hidden danger investigation and rectification work are in the form; The class is on duty, some of the enterprise safety management system is lacking, some have not been revised for a long time, some lack the corresponding records of the records, etc. The safety management system is not complete, and the problems of inadequate implementation are prominent. The serious expressions of the above -mentioned serious expressions such as seriously operating problems, repeated teachings and repeated commitment, repeated education, and serious lack of responsibility for safety production reflect the indifference of Guangkang Biochemical's concept of safe operation of enterprises.

Local villagers: From pollution victims to "extortion"

Guangkang Biochemical still had a high -altitude falling accident before the fire, and the dispute between the accident company and the accident of the accident have not been resolved. Looking forward, on December 26, 2016, the British Environmental Protection Bureau notified advance (hearing) to the biochemical penalty of Guangkang. On December 21, 2016, the British and German Environmental Protection Bureau conducted on -site inspections on Guangkang Biochemical and found that some general industrial solid waste was stacked with irregularities, and there were no illegal acts such as rainproof, sun protection, and leakage measures.

In addition, Guangkang Biochemical has risen from compensation to the environmental protection compensation with local villagers to extortion of villagers to extortion of Guangkang Biochemical cases. According to media reports, in 2003, the British sulfur branch of Guangzhou Pesticide Factory was acquired by Guangkang and continued to produce chemical pesticides. The environmental pollution compensation agreement between the villagers and the British sulfur division had not been enforced.

According to media reports, after many negotiations, the village and enterprises signed a new compensation agreement in May 2018, which was compensated by Guangkang Company for 520,000 yuan. Four months later, Guangkang Company reported that five villagers such as Fanmou were extorted. In October 2020, the Yingde City Court made a first trial judgment, determining that the five defendants constituted a crime of extortion and sentenced them to 3 to 10 years in prison. After the case was returned to the over -review, in November 2021, the Yingde City Court of Germany made a judgment that the amount of crime was 180,000 yuan.

From contaminated, to compensation to compensation, to the occurrence of extortion, the right and wrong between Guangkang Biochemical and the villagers involved in the case has attracted attention.

Source | Yangcheng Evening News • Yangcheng School

Responsible | Li Zhiwen

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