Core Viewpoint - Tianjin Qibin Energy-saving Glass Co., Ltd., a subsidiary of Qibin Group, has been penalized for failing to implement reliable safety measures for storing hazardous materials, resulting in a fine of 45,000 RMB [1][2][3]. Group 1: Company Overview - Qibin Group was established in 2011 and is listed on the Shanghai Stock Exchange, specializing in float glass, energy-saving engineering glass, low-iron ultra-white glass, photovoltaic glass, and electronic glass [5]. - The group has total assets exceeding 12 billion RMB and employs over 7,300 people, with a daily melting capacity of 18,470 tons [5]. - Qibin Energy-saving Glass is a wholly-owned subsidiary of Qibin Group, with a total project investment of approximately 650 million RMB [5]. Group 2: Regulatory Actions - The Tianjin Emergency Management Bureau issued an administrative penalty decision on July 1, 2025, citing violations of the Production Safety Law of the People's Republic of China [2][3]. - The company has committed to enhancing emergency management and environmental compliance as part of its social responsibility initiatives [3]. Group 3: Financial Impact - As of July 4, 2025, Qibin Group's stock price was reported at 5.40 RMB, reflecting a decline of 1.64% [7].
旗滨集团全资子公司被罚:储存危险物品未采取可靠的安全措施