Yangmei Chemical (600691.SH) issued a notice that on December 18, 2024, the company's controlling subsidiary Yangmei Pingyuan Chemical...
According to a report from Zhitong Finance APP, Yangmei Chemical (600691.SH) issued a notice that on December 18, 2024, the company's controlling subsidiary Yangmei Pingyuan Chemical Co., Ltd. (abbreviated as "Pingyuan Chemical") received a summons and a notice of response from the People's Court of Pingyuan County, with the plaintiff being Pingyuan County Juyuan State-owned Asset Management Co., Ltd., and Pingyuan Chemical as the defendant.
On December 6, 2023, the company released an announcement regarding the shutdown of the fixed bed gasifier by its subsidiary Yangmei Pingyuan Chemical Co., Ltd. According to the State Council's work deployment for the relocation of hazardous chemical production enterprises and the ShanDong provincial government's plan to eliminate backward equipment in the fertilizer industry, Pingyuan Chemical has shut down its operating fixed bed gasifier. Currently, Pingyuan Chemical is fully shut down.
In light of the full shutdown of Pingyuan Chemical, the company has made provisions for impairment on the related assets of Pingyuan Chemical. Meanwhile, since the aforementioned lawsuit has not yet been heard, the impact of the final judgment on the company's current profits or subsequent profits cannot yet be determined.