Hesheng, release an announcement! The DMC price fluctuation has come to a complete halt. This week, the market has returned to stability, and price fluctuations have come to a complete halt.
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As of February 10th, the mainstream quotations for various varieties are as follows: DMC is 13800-14000 yuan/ton; The price range of silicone oil is 15500-16100 yuan/ton; The mainstream quotation for 107 glue is 14500-14900 yuan/ton; Raw rubber is maintained at 14800-15000 yuan/ton. The overall spot market situation has entered a sideways phase, with no adjustment in quotes from enterprises and traders, showing a temporary stable trend. The current DMC production equipment is in a period of centralized maintenance, and the supply pressure has eased to some extent. However, it is necessary to closely monitor the potential pressure on the market caused by the inventory recovery after the maintenance is completed.
On February 7th, Hesheng Silicon Industry announced the separation of its wholly-owned subsidiary Hesheng Electric Power (Shanshan) Co., Ltd. Shanshan Electric Power is a wholly-owned subsidiary of the company, and the company directly holds 100% of its equity. In order to clarify the business system, optimize the company's management structure, allocate resources reasonably, improve operational efficiency, and promote the coordinated development of the company's business, the company plans to separate Shanshan Electric Power. After the separation is completed, Shanshan Electric Power will continue to exist and establish a wholly-owned subsidiary.
The specific situation is as follows: 1. Separation method: This separation adopts the survival separation method, among which Shanshan Electric Power will continue to exist, and the new company name is Xinjiang Eastern Hesheng Thermal Power Co., Ltd. (tentative name, subject to the name approved by the industry and commerce department, hereinafter referred to as "Eastern Thermal Power" or "New Company").
3. Before the division of business, Shanshan Electric Power mainly engaged in the production and supply of electricity and heat; After the separation, Eastern Thermal Power will undertake some of the production and supply of electricity and heat, while Shanshan Electric Power will retain the remaining production and operation assets. The impact of this separation on the company
This separation is beneficial for optimizing the company's resource allocation, clarifying its business system, optimizing its structure, strengthening internal management, and further improving asset operation efficiency, which is in line with the company's future development plan. This separation will not have an impact on the company's consolidated financial statements, and both the surviving company and the newly established company after the separation are wholly-owned subsidiaries. This separation will not change the company's assets, will not have any adverse impact on the company's operating conditions, and there is no situation that harms the interests of the listed company and shareholders. This separation does not have a significant impact on the financial condition and operating results of the company for the current and future accounting years.