Shanghai Huayi (SH:600623) Xin Lang Cai Jing·2025-09-12 07:39Core Viewpoint - Huayi Group (600623.SH) announced the permanent shutdown of its wholly-owned subsidiary, Shanghai Huayi Energy Chemical Co., Ltd.'s Wujing base, in compliance with government requirements for industrial transformation and carbon peak initiatives [1] Group 1: Company Impact - The Wujing base primarily produces methanol, acetic acid, hydrogen, and synthesis gas, and was established a long time ago [1] - As of the end of 2024, the total assets of the Wujing base will account for 7.9% of the company's most recent audited total assets [1] - The revenue from the Wujing base is projected to represent 5.9% of the company's consolidated revenue for 2024, with a net profit of -122.352 million yuan for the same year [1] Group 2: Strategic Alignment - The shutdown is a measure to implement government directives, aligning with the national "dual carbon" strategy [1] - This action supports the company's commitment to fulfilling its social responsibility for green development and promotes its transition to a low-carbon economy [1]