Shanghai Huayi (SH:600623) Zheng Quan Shi Bao Wang·2025-12-09 10:26Core Viewpoint - Huayi Group's subsidiary Wanhao Company has been ordered by the Fengzhen Municipal Government to suspend operations for environmental remediation, which will impact its production capacity and financial performance [1] Company Summary - Wanhao Company received a notice from the Fengzhen Municipal Government regarding the suspension of operations for environmental governance [1] - The company has established a special team to address the situation and is cooperating with government authorities to conduct environmental risk assessments [1] - Wanhao Company primarily produces products such as F152a, F142b, FKM, and PVDF [1] Financial Impact - The suspension is expected to have a certain impact on Wanhao Company's recent production levels [1] - For the period from January to September 2025, Wanhao Company reported a revenue of 779 million yuan and a net loss of 41.24 million yuan, with this revenue accounting for 2.16% of Huayi Group's total revenue [1]