Layn(SZ:002166) Mei Ri Jing Ji Xin Wen·2025-08-21 17:20Core Viewpoint - On August 21, 2025, a drying equipment explosion occurred at Guilin Rhein Biotechnology Co., Ltd., resulting in 1 death and multiple injuries. The company is cooperating with government authorities for emergency response and investigation [1][5]. Incident Summary - The explosion took place in a drying workshop, leading to 1 fatality, 3 serious injuries, and 4 minor injuries. The company activated its emergency response plan and formed a leadership group for on-site management [1][5]. - Initial estimates indicate property damage of approximately 2 million yuan (around 0.29 million USD) due to the incident. However, the company stated that this accident would not significantly impact its future operations [1][5]. Company Profile - Guilin Rhein Biotechnology is a leading enterprise in the global plant extraction industry and the first listed company in China's plant extraction sector. The company specializes in the research, production, and sales of natural health products [5]. Financial Performance - In the first quarter of 2025, the company reported revenue of 444 million yuan (approximately 63.5 million USD), representing a year-on-year increase of 30.21%. The net profit attributable to shareholders was 30.8 million yuan (around 4.4 million USD), up 14.95% year-on-year [6]. Stock Market Reaction - Following the incident, the company's stock price fell by 4.44%, closing at 8.18 yuan per share, with a total market capitalization of 6.1 billion yuan (approximately 861 million USD) [7][8].