Limit electricity and production across the country!

Recently, many underground power consumption dual control policy documents have been issued, and various industries with high energy consumption and high pollution have stopped production and work. The news of power restriction and production upgrades in Jiangsu, Yunnan, Zhejiang and other places has even maxed out social software. Before the Mid-Autumn Festival, a group of listed companies announced power cuts and halted production. On the evening of September 22, another group of listed companies disclosed the impact of production restrictions.

1. A number of listed companies announced that they will stop production, limit electricity and limit production
The production plant of the company`s holding subsidiary, Yunnan Mile Phosphorus Power Chemical Co., Ltd. (hereinafter referred to as the "Mille Plant") is affected by the production control of Yunnan Yellow Phosphorus, and has no electricity to meet production needs. From September 23, 2021, Significantly reduce the production of yellow phosphorus, and it is temporarily impossible to estimate the time for the recovery of production. The aforementioned suspension of production has a significant adverse impact on the company's annual operating results, and it is currently impossible to accurately estimate it.

2. Under the production restriction policy, product prices in many industries remain high
The recent surge in the price of yellow phosphorus has driven the stock price of *ST Chengxing to soar. Since July, it has soared by more than 220%. It has recorded 6 daily limits in the last 7 trading days.

The "Barometer of Completion of Energy Consumption Dual Control Targets in Various Regions in the First Half of 2021" issued by the National Development and Reform Commission shows that in terms of total energy consumption control, there are 8 projects in Qinghai, Ningxia, Guangxi, Guangdong, Fujian, Yunnan, Jiangsu, and Hubei. Provinces (regions) are listed as red first-level warnings.

For example, Yunnan Province, which has been listed as a first-level early warning for two consecutive quarters this year, is determined to accept questions from reporters through its Development and Reform Commission today: the next step will be to focus on the decline in energy consumption intensity, and to consolidate the city`s responsibility for implementing dual control goals. Resolutely clean up and rectify projects that violate laws and regulations, strictly manage the "two highs" project management and daily supervision, and comprehensively clean up the "two highs" industry project preferential policies. Jiangsu Province, which was also listed as a first-level warning in the first half of the year, has already pushed enterprises in the province to stop production and restrict production.