CXPC(SH:600078) Xin Lang Cai Jing·2025-10-21 14:58Core Viewpoint - The incident at Chengxing Co., Ltd.'s Jiangyin plant, caused by third-party operational violations, has led to a temporary production halt mandated by the Wuxi Emergency Management Bureau, with a rectification deadline set for November 20, 2025 [1][2]. Group 1: Incident Details - The fire incident occurred during the melting operation of yellow phosphorus, resulting in a minor spill and subsequent fire [1]. - The Wuxi Emergency Management Bureau issued a decision requiring the plant to cease operations until safety issues are resolved [1][2]. Group 2: Company Response - Chengxing Co., Ltd. reported no casualties or significant losses from the incident and is committed to improving safety measures and training [2]. - The company has activated its response mechanism, ensuring sufficient inventory of phosphoric acid and phosphate to meet future orders, with the Qinzhu plant ready to handle any delivery pressures [2]. Group 3: Historical Context - This is not the first safety incident for Chengxing Co., Ltd.; a previous explosion in August 2020 resulted in one injury, and the company has a history of multiple production halts due to safety and regulatory issues [2][3]. - The Jiangyin plant has faced prior shutdowns for safety inspections and environmental compliance, including a temporary halt in May 2024 due to an expired safety production permit [2][3]. Group 4: Environmental Concerns - The company has also faced environmental scrutiny, with fines imposed for exceeding phosphorus discharge limits and other regulatory violations [3].