On April 4th, the Yancheng City of Jiangsu Province held a decision of
the Standing Committee of the Municipal Party Committee to completely
shut down the Xiangshui Chemical Industry Park and include Chenjiagang
Town as a pilot project to improve the housing conditions of the
peasants in the city, “Ten Towns and 100 Villages”, and accelerate the
realization of rural revitalization.
It is understood that Yancheng currently has four chemical parks
including Xiangshui Ecological Chemical Industry Park, Jiangsu Binhai
Economic Development Zone Coastal Industrial Park, Dafenggang
Petrochemical New Material Industrial Park and Suining High-tech
Industrial Park. According to incomplete statistics, there are 48, 74, 2
and 5 companies are engaged in the production and operation of the
chemical industry in the above-mentioned parks.
Judging from the number of enterprises and registered capital in the
park, Xiangshui Chemical Park ranks second among the four chemical
industrial parks in Yancheng.
Xiangshui Chemical Park is the location of the business layout of
several listed companies of Lianhua Technology, Annoqi and Jiangsu
Wuzhong. In the five trading days after the accident, the two major
subsidiaries in the Xiangshui Chemical Park's share price of Lianhua
Technology fell from the highest point of 12.85 yuan / share to a low of
9.76 yuan / share, a drop of 24%, the market value evaporated More than
The Flush market shows that the listed company Zhejiang Longsheng
(600352.SH) continued its daily limit on the two trading days after the
accident. From March 22 to April 4, the stock price has risen from 11.42
yuan/share to 23.00 yuan/ Shares, the increase of 101%, the total market
value also rose from 37.15 billion yuan to 74.83 billion yuan, an
increase of 37.68 billion yuan.
Zhejiang Longsheng disclosed its annual report on April 1st, indicating
that the company has developed rapidly after 15 years of IPO listing.
Currently, the textile chemicals business mainly based on dyes and
additives is based on m-phenylenediamine and resorcinol. The main
intermediate business has become the core business of the world's
From 2016 to 2018, Zhejiang Longsheng's operating income was 12.356
billion yuan, 15.10 billion yuan and 19.076 billion yuan respectively;
the net profit attributable to shareholders of listed companies was
2.029 billion yuan, 2.474 billion yuan and 4.11 billion yuan