Cangzhou Dahua: Suspension of production of 30,000 tons TDI plant

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Cangzhou Dahua (600230.SH) announced that Cangzhou Dahua TDI Co., Ltd. (hereinafter Abbreviated as "TDI company"), the main business is TDI Production and sales of products, with an annual output of 30,000 tons of TDI production equipment. As of September 30, 2019 (unaudited), TDI has total assets of 839 million yuan. The monthly operating income was 114 million yuan, and the net loss was 33.15 million yuan.

In 2019, due to the sufficient supply of TDI from various domestic manufacturers, fierce market competition and low market prices, TDIThe annual production capacity of the TDI plant is 30,000 tons. In the current market conditions, there is a cost inversion. In view of the TDI market continued to slump, it was decided to TDI company 30,000 tons TDI plant suspended production, TDI plant The time to resume production will be determined according to market conditions. During the suspension of production of the device, TDI will do a good job in safety maintenance, equipment maintenance, staff arrangement and other related work. At the same time, depending on market changes, TDI is always ready to resume production.

As of September 30, 2019, TDI has total assets of 839 million yuan, accounting for 17.82% of the company's total assets; 2019 From January to September this year, the operating income was 114 million yuan, accounting for 7.07% of the company's operating income in the same period. The company does not constitute a material influence.