Shanghai Huayi (SH:600623) Ge Long Hui A P P·2025-09-12 07:54Core Viewpoint - Huayi Group (600623.SH) announced the permanent shutdown of its wholly-owned subsidiary Shanghai Energy Chemical Wu Jing Base in response to government requirements for industrial transformation and carbon peak initiatives [1] Company Summary - Shanghai Energy Chemical is a wholly-owned subsidiary of Huayi Group, primarily producing methanol, acetic acid, hydrogen, and synthesis gas [1] - The shutdown involves the Wu Jing Base facility, which has a designed methanol production capacity of 950,000 tons with a projected utilization rate of 46.5% in 2024, and a designed acetic acid capacity of 700,000 tons with a projected utilization rate of 70.7% in 2024 [1] - The decision to shut down aligns with the government's industrial transformation and carbon peak requirements, supporting the national "dual carbon" strategy and enhancing the company's commitment to green development and low-carbon transformation [1]