A- share Green Weekly | 9 listed companies exposed to environmental risks in Xinbo's wholly-owned subsidiary was fined.
DATE:  Mar 16 2024

◎ Data in this period show that risk information such as violations of laws and regulations in the field of ecological environment is related to 9 listed companies. Of these, five are state-controlled enterprises. A reporter from the Daily Economic News found that there are 1.3013 million shareholders behind the nine listed companies, and their investment targets are on the list of environmental risks, which may expose them to investment risks.

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involving a number of environmental violations, the wholly-owned subsidiary of China Xinbo (688408.SH, stock price 93.48 yuan, market value 12.696 billion yuan) was fined; Evading supervision exceeding the standard and exceeding the total amount of air pollutants emitted, Beixin Building Materials (000786.SZ, stock price 27.95 yuan, market value 47.222 billion yuan) holding company was fined...

In the third week of March 2024, which listed companies have a red light on their environmental protection and credit obligations? And look at the 152 issue of A- share Green Weekly.

since September 2020, the national business daily has jointly collected and analyzed environmental information data of thousands of listed companies in China and tens of thousands of their subsidiaries (including branches, shareholding companies and holding companies) based on authoritative data sources such as environmental quality, environmental emissions and pollution source supervision records issued by 31 provincial, municipal and 337 prefecture-level municipal governments, the release of the "A-share Green Weekly" aims to make the environmental information in the business activities of listed companies in the capital market more transparent with the help of environmental databases and professional analysis and dissemination capabilities.

According to data collected in the third week of March, a reporter from the "Daily Business News" found that a total of 9 listed companies have recently exposed environmental risks.

a week of green advice: citic boyi holding company received a 670000 yuan fine

In addition to factors such as corporate management capabilities, financial conditions, and industry competition, environmental risks are increasingly becoming one of the important business risks of listed companies. Environmental risk is related to the development of enterprises, but also related to corporate image.

the environmental risk list involves the distribution of listed companies (the third week of March)

According to the current data, the risk information such as violations of laws and regulations in the field of ecological environment is related to 9 listed companies. Of these, five are state-controlled enterprises.

A reporter from the "Daily Business News" found that there are 1.3013 million shareholders behind the 9 listed companies, and their investment targets are on the environmental risk list, which may expose them to investment risks.

it is worth noting in this issue that according to article 112 of the law on the prevention and control of environmental pollution by the People's Republic of China solid waste and other relevant regulations, Anhui rongjin new energy technology co., ltd., a wholly-owned subsidiary of China xinbo, was fined 670000 yuan by Wuhu ecological environment bureau.

Credit China's penalty book with the document number "Wan Wu Huan (Fan) Penalty (2024) No. 15" shows that: "1. The company provided a list of galvanized waste (zinc slag) in 2023, 4 Anhui VAT special invoices for trading with Yangzhou Yinxing Zinc Products Co., Ltd. (without hazardous waste management license) and 1 Anhui VAT special invoice for trading with Yangzhou Zhenzhong New Materials Co., Ltd. (without hazardous waste management license). Zinc slag is a mixture of hazardous waste zinc scum and general industrial solid waste zinc slag; 2. Transfer zinc slag to Yangzhou yinxing zinc products co., ltd. and Yangzhou zhenzhong new materials co., ltd. without approval, and fail to fill in hazardous waste transfer forms in accordance with relevant national regulations; 3. Tons of bagged hazardous wastes (zinc dross and zinc-containing dust) are placed on the northwest side of the 7# galvanized workshop. 4. According to the 2023 schedule of galvanized waste (zinc slag), the company's production record report was retrieved, it was found that the 1# and 2# production lines of the company's solar photovoltaic bracket surface heat treatment processing project would be put into operation in September 2022, and the acceptance monitoring would be carried out on June 5 and 6, 2023. only on September 2, 2023 did the" opinions on the acceptance of environmental protection for the phased completion of the solar photovoltaic bracket surface treatment processing project of Anhui rongjin new energy technology co., ltd."

On March 13, a reporter from the "Daily Economic News" sent an interview letter through the open e-mail box of China Credit. On March 14, the reporter called Zhongxinbo, and the operator said that he would check the interview letter to learn about the relevant environmental penalties. As of press time, the reporter received no further response.

according to the official website of zhongxinbo, the company was established in 2009 and is a world-leading manufacturer and solution provider of photovoltaic tracking brackets, fixed brackets and BIPV systems. it successfully landed on China's a-share science and technology innovation board in 2020. Zhongxinbo currently has Jiangsu Changzhou, Anhui Fanchang, Anhui Susong, India Gujarat (Gujarat) four production and manufacturing bases, delivery capacity of more than 20GW per year.

in addition, kunming dianqing biotechnology development co., ltd., a wholly-owned subsidiary of enlightening environment (000826.SZ, stock price 2.64 yuan, market value 3.763 billion yuan), was fined 590000 yuan by Kunming ecological environment bureau.

the penalty book with the code number of "kunsheng ring penalty [2024] No. 7-07" included in credit China shows that "investigation and verification on August 14, 2023: Kunming Dianqing biotechnology development co., ltd. (hereinafter referred to as" your company ") failed to cooperate with Shandong Jiuzhou taichang ecological technology co., ltd. according to the requirements of" environmental impact assessment and approval of biomass resource utilization project in Jinning district, about 800 tons of biogas slurry generated in the process of waste vegetable leaf treatment were transported by tanker to the ponds without anti-seepage treatment in Sanduo Village, Sanduo Village Committee, Shangsuan Town, Jinning District, Kunming City. According to the Monitoring Report issued by the Ecological Environment Monitoring Station of Jinning Branch of Kunming Ecological Environment Bureau (Jin Huan Jian Zi [2023] 064), the monitoring results of your company's biogas slurry loading port are as follows: the PH (dimensionless) value is 8.12, the chemical oxygen demand is 1559 mg/L, the biochemical oxygen demand is 1227 mg/L, the total nitrogen is 1050.7 mg/L, the ammonia nitrogen is 705.4 mg/L, the total phosphorus is 22.4 mg/L, and the suspended matter is 218 mg/L." According to Item 3 of Article 83 of the Water Pollution Prevention and Control Law of the People's Republic of China (revised in 2017), he was fined 590000 yuan by the Kunming Ecological Environment Bureau.

according to the introduction of the official number 100 of financial media center in Jinning district of Kunming city, the "project of biomass resource utilization and treatment in Jinning district" is located in shangsuan base of Jinning industrial park, with a land area of 120 mu. the project will start construction in August 2017 and complete trial production in March 2021, with a total investment of 259.46 million yuan. it is the exclusive project of collecting, transporting and treating waste vegetable leaves in Jinning district. The completion acceptance of the project has standardized the treatment of waste vegetable leaves in Jinning District and further improved the environmental quality.

On March 14, a reporter from the "Daily Economic News" called Qidi Environment. The operator said that he would report the situation in the interview letter to the relevant leaders and contact them when they know the latest situation. As of press time, the reporter has not received further feedback.

environmental protection punishment: beixin building materials holding company was fined for evading supervision and emitting air pollutants exceeding the standard

In the current data, environmental violations punished for air pollution and water pollution involve 7 listed companies and 768100 shareholders.

among them, Taishan gypsum (Wenzhou) co., ltd., a holding company of beixin building materials, was fined 200000 yuan by Wenzhou ecological environment bureau for evading supervision and emitting air pollutants exceeding the standard and exceeding the total amount.

according to the penalty book with the document number "Wen Huanle Penalty No.16 2024" in credit China, "Taishan Gypsum (Wenzhou) Co., Ltd. carried out the act of exceeding the standard, exceeding the total amount and evading supervision at No. 76 Yinghui Road, Panshi Town, Yueqing City, Zhejiang Province on December 14, 2023." He was fined 200000 yuan by Wenzhou Ecological Environment Bureau.

On March 13, a reporter from the "Daily Economic News" sent an interview letter through the public mailbox of Beixin Building Materials. From March 14 to 15, the reporter called Beixin Building Materials many times and did not obtain specific information about environmental penalties.

not only that, among the companies involved in water pollution, Anhui haide chemical technology co., ltd., a subsidiary of jushi chemical (688669.SH, stock price 13.72 yuan, market value 1.665 billion yuan), was fined 320000 yuan by maanshan ecological environment bureau for violating article 39 of the water pollution prevention and control law of the people's Republic of China.

On March 14, a reporter from the "Daily Economic News" called Jushi Chemical, and the operator said that he would verify the specific situation before replying. As of press time, the reporter has not received further feedback.

In recent years, as ESG (environmental, social responsibility and governance) investment philosophy has gradually heated up, investors have paid more and more attention to the sustainable development of enterprises. The environmental responsibility of financial investment and strategic investment of listed companies should also be paid attention to, so the environmental data of directly or indirectly participating enterprises are included in the-share green reporting project database.

It should be noted that the disclosure of environmental information data depends on the continuous improvement of the disclosure level of environmental regulatory information. From the 2008 "Environmental Information Disclosure Measures (Trial)" to the newly revised "Environmental Protection Law of the People's Republic of China" Chapter V, the establishment of "information disclosure and public participation", information disclosure is guaranteed from the system construction.

Relevant laws and regulations stipulate that citizens, legal persons and other organizations have the right to obtain environmental information, participate in and supervise environmental protection in accordance with the law. The competent environmental protection departments of the people's governments at all levels and other departments responsible for environmental protection supervision and management shall disclose environmental information in accordance with the law, improve public participation procedures, and provide convenience for citizens, legal persons and other organizations to participate in and supervise environmental protection.

The "2018-2019 120 Urban Pollution Source Regulatory Information Disclosure Index (PITI) Report" prepared by the Public Environmental Research Center (IPE) and the Natural Resources Defense Council (NRDC) also pointed out that environmental information is "open as the norm, not open as an exception" It has gradually become a recognized principle for the government and society.

If you have any questions about the environmental data of this project, or if you need to communicate and feedback on the environmental issues involved in the list, please contact Azure Map.

(Interns Liu Xiaochen, Li Gengyao, Bian Yuyuan and Lu Yanan also contributed to this article)

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