After today's trading, Jinpu Titanium Industry issued an announcement. Jinpu Titanium Industry Co., Ltd. (hereinafter referred to as "the company") its subsidiaries Nanjing Titanium dioxide Chemical Co., Ltd., Xuzhou Titanium dioxide Chemical Co., Ltd., recently received a request from higher government departments for "energy efficiency double control". It is suggested that enterprises implement measures such as "temporary production restriction" and "temporary suspension of production". Affected by this policy, the production line of the subsidiary Nanjing Titanium dioxide Chemical Co., Ltd. is temporarily limited, and the production line of the subsidiary Xuzhou Titanium dioxide Chemical Co., Ltd. is temporarily suspended.
As for the impact of the shutdown on the company, Jinpu Titanium said that in order to maintain the overall situation of social and economic development, the company fully cooperated with the local government's "double control of energy consumption" measures. During the production limit and shutdown period, the company will reduce the adverse impact of temporary production suspension on the company as far as possible by arranging equipment maintenance, equipment maintenance, optimizing process control and so on. At the same time, the company will actively maintain communication with customers to maximize the timely supply of orders to meet the needs of customer delivery. At present, it is impossible to determine the exact time for the full resumption of production of the subsidiary, and the limited production capacity will be restored after the local government's phased target of "double control of energy consumption" has been met. The specific impact of this temporary production suspension on the company's performance can not be accurately predicted. Jinpu Titanium Industry also said that the company will actively maintain communication with the local government on issues related to production restrictions and stoppage and seek solutions. And will pay attention to the progress of this temporary production restriction and suspension at any time, fulfill the obligation of information disclosure in time in accordance with the relevant regulations, and respectfully invite the majority of investors to pay attention to the investment risk.
It is worth noting that Jinpu titanium shares fell sharply before today's announcement, closing down 7.89% to 5.19 yuan per share. SMM will continue to follow up on the impact and follow-up progress.
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