BOC Rongye (000982): Juhengyi Has Obtained Relevant Approval Procedures For This Cleaner Production Transformation

BOC Rongye (000982) replied to investors' concerns on the investor relations platform on December 19.

Investor: Juhengyi, whether to expand production in this transformation

Secretary of BOC Rongye: Hello, Juhengyi will achieve energy conservation and consumption reduction on the basis of improving environmental protection and safety production related processes after the completion of this cleaner production transformation, improve the baking production efficiency of Juhengyi and release related capacity while reducing production costs.

Investor: Does Juhengyi transformation involve energy assessment, safety assessment and land integration?

Secretary of BOC Rongye: Hello, Juhengyi has obtained relevant approval procedures for this cleaner production transformation. Thank you for your attention.

Investor: Please tell me when the company acquired Juhengyi and when Juhengyi had performance commitments

Secretary of BOC Rongye: Hello, Juhengyi will achieve a pre tax profit of 16.03 million yuan in 2021, compared with the promised pre tax profit of 8 million yuan, the completion rate is 200.38%; The profit before tax in 2022 is 17.42 million yuan, compared with the promised profit before tax of 10 million yuan, the completion rate is 174.19%.

Investor: JUHENGYI's performance commitment for this year had just ended, and the company had environmental problems. Is there any problem with the performance of the asset?

Investor: Hello, Secretary Dong, is the company still the largest raw fabric purchasing enterprise in China? Is the most advanced equipment in the industry still available? Does the current scale still have advantages?

Secretary of the Board of Directors of BOC Cashmere Industry: Hello, our company is not the largest raw velvet purchasing enterprise in China. The company has divested cashmere related production and manufacturing equipment assets.

Investor: I wonder if the company has already paid the fine, why does it stop production? Is the problem properly solved?

Secretary of BOC Rongye: Hello, the smooth implementation of Juhengyi's cleaner production transformation project can achieve energy conservation and consumption reduction on the basis of improving environmental protection and safety production related processes, improve Juhengyi's baking production efficiency and release related capacity while reducing production costs, and can promote Juhengyi's development in the long run.