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Sound water explosion leads to great rectification of chemical industry

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After the Xiangshui explosion in March 21st, the Security Council of the State Council issued an urgent notice, calling for the conscientious implementation of general secretary Xi Jinping's important directive spirit of the "3? 21" explosion accident of Jiangsu Xiang Shui Tian Jiayi Chemical Co., Ltd., to make further arrangements for the current work safety, to prevent and prevent serious accidents, to draw lessons from them, and to carry out the hidden danger of dangerous chemicals in an all-round way. The patients were investigated and treated intensively.
Chemical industry enters the stage of "great renovation"
On April 1, the general office of Jiangsu provincial government issued the "Jiangsu chemical industry improvement plan (Draft for comments)", which formulated the improvement plan from nine aspects: reducing the number of chemical enterprises, optimizing the layout of the chemical industry, improving the chemical industry, strict access to the chemical industry, standardizing the management of chemical enterprises, and strengthening the supervision of the chemical industry. The requirements of the plan greatly reduced the chemical enterprises in the province , the number of chemical industry parks, and the enterprises with high safety risk, poor safety and environmental protection management level and low technology level in the province. It is clear that by the end of 2020, the number of chemical production enterprises in the province will be reduced to 2000. By 2022, the number of chemical production enterprises in the province will not exceed 1000. A comprehensive evaluation was carried out on 50 chemical industry parks in Jiangsu Province, and according to the evaluation results, it was reduced to about 20.
On April 4, the Standing Committee of Yancheng Municipal Committee of Jiangsu Province held a meeting and pointed out that the small chemical industry with low safety factor and serious pollution problem should be eliminated completely with the will and determination of a hero. Study Xiangshui chemical industry park and comprehensive treatment of chemical industry in the city, and close Xiangshui Chemical Industry Park completely. We should draw inferences from others and do a good job in the chemical industry renovation work in the whole market. According to the plan for the renovation and upgrading of the chemical industry in Jiangsu Province, we should further raise the standards for the renovation of Yancheng Chemical Industry Park and chemical enterprises, and support the construction of "no chemical area" in each region.
Chemical industry reform related stocks rise and fall tide
It is reported that Xiangshui ecological chemical industry park, formerly known as Chenjiagang chemical industry concentration area, was built in June 2002. At present, it has formed four pillar industries, namely petrochemical industry, salt chemical industry, fine chemical industry and biochemical industry. There are 68 enterprises with an investment of more than 100 million yuan in the zone and 20 enterprises under construction. In 2009, the park was recognized by Jiangsu Provincial Science and technology department as the only chemical science and Technology Pioneer Park in the province.
Xiangshui chemical industry park is also a key area for many listed chemical companies, involving dye, medicine, chemical industry and other sub industries. There are subsidiaries in Xiangshui chemical industry park in anoqi (300067), Lianhua Technology (002250) and Wuzhong (600200).
Some analysts pointed out that after the extensive development in the past decades, there are a number of small-scale decentralized enterprises in China's chemical industry. Although a single enterprise has a small scale, it occupies a considerable part of the production capacity of many industries in China. However, the severe rectification will lead to the elimination of small and medium-sized enterprises with non-conforming production and inadequate investment in environmental protection, and the industry concentration will be further improved.
At the same time, the renovation will also bring the supply side structural reform of the chemical industry. Jiangsu is a high-risk and high pollution chemical industry concentration area, and the remediation has a great impact on fine chemical products. Originally, the supply of these market segments is insufficient. In addition to the strict inspection and production restriction of chemical enterprises in various regions, it will lead to the phenomenon of out of stock in the market, push up the price of relevant chemical products, and then promote the leading chemical enterprises, making the chemical industry as a whole soar.
By the end of April 8, the chemical industry index (Shenwan) had increased by 3.89%, among which 51 chemical stocks including Huifeng (002496), Shilong (002748), Jiangshan (600389), Jinhe (002597), satellite Petrochemical (002648) and Hongchang Electronics (603002) were up and down. In addition, Zhejiang Longsheng (600352), a leading chemical company, has doubled its share price, up 121.5% since March 21.
Many listed companies in the park are "bearish"
Although the market is generally bullish on the chemical sector at present, for the listed companies in the park, the accident is obviously bad news. On April 8, Lianhua technology fell and closed, and the share price of Wuzhong in Jiangsu Province fell 5.29%.
In this explosion accident, the most affected is Lianhua technology. The announcement issued by the company on March 23 shows that Jiangsu Lianhua and Yancheng Lianhua are important subsidiaries of the company. In 2017, the total operating revenue is 1.81 billion yuan, and the total net profit is 120 million yuan, accounting for 44.12% and 57.85% of the company's consolidated statements respectively. Affected by the blast wave, the company suffered casualties and property damage, and was temporarily shut down. On April 8, Lianhua technology closed down.
Xiangshui Henglida science and Technology Chemical Co., Ltd., a wholly-owned subsidiary of Wuzhong, Jiangsu Province, is also located in the chemical park and is currently in a state of shutdown. On April 8, the company issued a notice saying that since the complete closure of Xiangshui chemical industry park has yet to receive relevant government documents, there is great uncertainty in how to deal with it in the future. However, the company may make a large amount of provision for the goodwill generated from the acquisition of 100% equity of Xiangshui Hengli. If the goodwill generated from the acquisition event is fully accrued, the company's performance in 2018 will suffer a loss, but there is still uncertainty about the matter. By the end of the day, the company's share price was down 5.29%.
Jiangsu Annuo, an active dye manufacturer of Annuo, is 2.2km away from tianjiayi chemical industry. However, the company issued a notice on April 8 that the net profit of its subsidiary, Jiangsu Annuo, accounted for a small proportion of the company's consolidated statement net profit, accounting for 12.58% in 2017 and 13.15% in 2018. Therefore, the temporary shutdown of Jiangsu Annuo will not have a significant impact on the company's production and operation in 2019