Shanghai Huayi (SH:600623) Shang Hai Zheng Quan Bao·2025-09-12 18:43Core Viewpoint - Shanghai Huayi Group's wholly-owned subsidiary, Shanghai Huayi Energy Chemical Co., Ltd., has announced the permanent shutdown of its Wu Jing base in response to government directives regarding industrial transformation and carbon peak requirements. Group 1: Company Overview - Company Name: Shanghai Huayi Energy Chemical Co., Ltd. [2] - Legal Representative: Zheng Bijun [2] - Established: June 24, 1997 [2] - Registered Capital: 404.887 million [2] - Registered Address: 4280 Longwu Road, Minhang District, Shanghai [2] - Business Scope: Includes coal, chemical products, and related technology exports and imports [2] Group 2: Financial Indicators - The Wu Jing base has a methanol design capacity of 950,000 tons with a 2024 capacity utilization rate of 46.5% and an acetic acid design capacity of 700,000 tons with a 2024 capacity utilization rate of 70.7% [4] - As of the end of 2024, the total assets of the Wu Jing base account for 7.9% of the company's latest audited total assets [4] - The revenue from the Wu Jing base is projected to be 5.9% of the company's consolidated revenue for 2024, with a net profit of -122.352 million [4] Group 3: Impact of Shutdown - The shutdown aligns with national "dual carbon" strategies and supports the company's commitment to green development and low-carbon transformation [4] - The specific impact on the company's financial data will be confirmed through audited financial reports [4]