Core Viewpoint - The company plans to shut down the production lines BM1 and BM2 at its subsidiary Hongta Renheng Qianshan Factory due to ongoing losses caused by overcapacity and outdated equipment, pending shareholder approval [1] Group 1: Company Actions - The board of directors will review the proposal to close the production lines on January 23, 2026, which requires shareholder approval [1] - The subsidiary Hongta Renheng has a registered capital of 600 million yuan, with the company holding a 41.9653% stake [1] Group 2: Financial Impact - The affected production lines have a combined designed capacity of approximately 300,000 tons per year, representing 25% of the company's total capacity in 2025 [1] - The shutdown may lead to asset impairment, impacting the company's performance; however, the production lines can be repurposed to meet the demand for white cardboard, which is not expected to significantly affect revenue [1]
冠豪高新:拟关停子公司产线,预计对业绩有一定影响