ST Chengxing (600078.SH) issued an announcement that the safety production license for the company's Jiangyin factory will be in May 2024...
Zhitong Finance App News, ST Chengxing (600078.SH) announced that the production safety license for the company's Jiangyin factory expires on May 19, 2024. The company has applied for a license exchange with the relevant government departments before the expiration of the validity period in accordance with relevant regulations, and is currently in the process of approval. The company decided to temporarily stop production and maintenance on the phosphoric acid production line at the Jiangyin factory on May 20, 2024. Prior to that, the company had fully prepared stocks according to the order situation and customer needs. At the same time, the wholly-owned subsidiary Guangxi Qinzhou Chengxing Chemical Technology Co., Ltd. had sufficient phosphoric acid production capacity and related qualifications to ensure stable delivery of phosphoric acid products to meet the needs of various customers.
The company has done a good job of connecting production and sales during the license exchange period, and will also accelerate the processing of production safety licenses. This temporary shutdown of production and maintenance has had a certain impact on the company's annual business performance, and it is currently impossible to accurately estimate it.