Qi Lu Wan Bao·2025-10-21 06:57Core Viewpoint - The Guangzhou Railway Supervision Administration has publicly announced an administrative penalty against Hunan Conch Cement Co., Ltd., a subsidiary of Conch Cement (600585.SH/00914.HK), due to a railway accident and subsequent failure to report the incident properly [1][5]. Group 1: Incident Details - On August 6, 2025, Hunan Conch Cement experienced a shunting collision accident while conducting operations on its dedicated railway [5]. - Following the accident, Hunan Conch Cement and the plant manager failed to report the incident immediately and undertook unauthorized repairs on the damaged vehicles, violating regulations [5]. Group 2: Penalty Information - On October 15, 2025, the Guangzhou Railway Supervision Administration imposed a fine of 150,000 RMB on Hunan Conch Cement and a fine of 6,000 RMB on the plant manager for their actions [5]. - The penalties were based on the Railway Traffic Accident Emergency Rescue and Investigation Handling Regulations and the National Railway Administration's administrative penalty discretion guidelines [5]. Group 3: Company Background - Hunan Conch Cement Co., Ltd. was established in 2004 with a registered capital of 400 million RMB and is wholly owned by Conch Cement [7].