上交所向中盐化工发出重大资产重组草案问询函

Core Viewpoint - The company is undergoing a significant asset restructuring involving its subsidiary, aiming to enhance its production capabilities in the soda ash sector, particularly through the adoption of natural soda production methods, which are expected to be more cost-effective than synthetic methods [3]. Group 1: Financial Performance - For the year 2024, the company's revenue composition is as follows: industrial business accounts for 96.83%, while other businesses contribute 3.17% [1]. Group 2: Asset Restructuring - On July 30, 2025, the Shanghai Stock Exchange issued an inquiry regarding the company's major asset restructuring draft, which was disclosed on July 24, 2025 [3]. - The restructuring involves a capital reduction of the subsidiary, Zhongyan (Inner Mongolia) Soda Industry Co., Ltd., which will become a wholly-owned subsidiary of the company after the reduction [3]. - The company plans to invest in a natural soda project, with an expected production capacity of 5 million tons per year [3]. Group 3: Market Conditions - From 2022 to June 2025, the price of soda ash has been on a continuous decline, raising concerns about the market dynamics and the company's pricing strategy [3].