Shanghai Huayi (SH:600623) Ge Long Hui·2025-09-12 08:36Core Viewpoint - Huayi Group's subsidiary, Shanghai Energy Chemical Wu Jing Base, will permanently cease operations in response to government directives regarding industrial transformation and carbon peak requirements in the Wu Jing area, aligning with the national "dual carbon" strategy [1] Summary by Relevant Sections - Company Operations - Shanghai Energy Chemical, a wholly-owned subsidiary of Huayi Group, primarily produces methanol, acetic acid, hydrogen, and synthesis gas [1] - The affected facility has a designed capacity of 950,000 tons for methanol with a projected utilization rate of 46.5% in 2024, and a designed capacity of 700,000 tons for acetic acid with a projected utilization rate of 70.7% in 2024 [1] - Government Compliance - The permanent shutdown is a measure to implement government policies on industrial adjustment and carbon peak initiatives, reflecting the company's commitment to green development and low-carbon transformation [1]