1.284 billion yuan! Long Yuli "swallowed" the Oriental Industry! He has been punished by the environmental protection department on several occasions.

Following the acquisition of China National Nuclear Industry Group Co., Ltd. at the end of 2019, Oriental Tanta (002167. SZ) equity became the largest shareholder,
Long Yuli (002601. SZ) with three more executives to subscribe to Oriental Industry more than 80% of the fixed increase to take control of the company.
On the evening of April 13th, Oriental Yiye disclosed a plan to increase the number of shares proposed by
to issue no more than 165 million shares in private, raising a total of not more than 799 million yuan, and
issued five objects, namely
Long Yuli, Feng Liming, Huang Chaohua, Tan Ruwen, Guangdong Zhengying Intelligent Technology Co., Ltd.
(hereinafter referred to as "Positive Profit Intelligence"). After deducting the related issuance expenses, the funds raised will be used to replenish liquidity and repay the Company's interest-bearing liabilities

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non-public offering of The Oriental Industry constitutes an associated transaction. Long Yuli is the largest shareholder of Oriental Yiye, Feng Liming is the company's director, co-general manager, Huang Chaohuawei's director, co-general manager, Tan Ruwen is the company's director.
Long Yuli, Feng Liming, Huang Chaohua, Tan Ruwen and Zhengying Intelligence subscribe for no more than 85 million shares, 26 million shares, 4 million shares, 20 million shares and 30 million shares, respectively. The total subscriptions of Mr Long and the three executives exceed 80 per cent of the proposed offering.
of the issue, the situation of no actual controller of Oriental Yiye will change, and Long Yuli and the three above-mentioned executives will become the controlling shareholders of the company.
has lost money three times in 12 years
since its listing in 2007, Oriental Yiye seems to have a "magic spell" of change of master every six years. In 2013, the company's control was changed for the first time, with a strong background of the Chinese nuclear group into the main, the market at that time thought that the Oriental industry found a "back to the mountains", but the Chinese nuclear group after the company is still struggling, the main business deficit is to tear down the east wall to make up the west wall. China Nuclear Group does not seem to have carried out a new integration and layout of the Oriental Industry, not only that, but also gave up the position of the actual controller.
at its shareholders' meeting in November 2016 and on its board of directors in December 2016, neither of the candidates for directorship had been nominated, and as of December 2016, china National Nuclear Group had nominated only two non-independent directors.
In January 2017, Oriental Industry announced that, in the light of the Company's current shareholder shareholding and board composition, the Company has carefully judged that the controlling shareholder and actual controller of
Company has been changed from a non-controlling shareholder and an actual controller of the China Nuclear Group.
2013-2019, the company posted a net profit of seven years without a loss in
2016, while the other six years of the company's net profit after deduction were all loss.
, especially in 2015 and 2019, the company's net profit after deduction was RMB254 million and RMB209 million, respectively.
According to
the latest annual report released by Oriental Industry, the company achieved operating income of RMB472 million in 2019, down 6.3% YoY, while the net profit attributable to shareholders of listed companies was RMB206 million, down 2036.31% from RMB106.278 million the previous year.
For the 2019 loss, the Company explained that it had prepared RMB 128 million for credit impairment losses and asset impairments for the current year, RMB 778 million for depreciation and amortization of fixed assets, intangible assets, long-awaited amortization expenses, etc., and RMB108 million for financing financial expenses and exchange gains and losses.
this time, China National Nuclear Group will also give up its shares to others, once again companies to give up the position of the largest shareholder. On December 23, 2019, Oriental Yanye announced that the
China Nuclear Group's agreement to transfer 9721.0818 million shares of the Company (15.66% of the Company's total share value) to Long Yuli has completed the registration process for securities transfer. Long Yuli became the company's largest shareholder.
is frequently punished for environmental violations
LongYuLi is the largest production capacity of titanium dioxide production enterprises, because of environmental issues are frequently punished. Recently,
Long Yuli was fined a total of 2.7 million yuan for three environmental violations.
It is understood that the Henan Provincial Department of Ecological Environment issued the "Administrative Penalty Decision" (Yuhuan penalty word No. 5) shows that there is an annual output of 120,000 tons of sulfuric acid titanium dioxide production line without the completion of environmental protection acceptance into production of illegal acts.
ordered a six-month deadline to correct environmental violations and imposed an administrative penalty of 400,000 yuan.
In accordance with the "Decision on Administrative Punishment" issued by the Henan Provincial Ecological Environment Department (Yuhuan Penalty Decision No. 7), the main project of the green manufacturing project with an annual output of 300,000 tons of sulfur-chlorine-coupled titanium material has been completed, the distribution facilities, electrical instrumentation systems and pipeline projects have not yet been completed, and the environmental impact assessment documents of the construction projects have not been approved in accordance with the law.
the project was ordered to stop construction and fined 1.3 million yuan at 2 percent of the total investment of 65 million yuan.
In addition, the 1 million tons/year high-salt wastewater in-depth treatment project organized by Longyuli was still operating without a safety review of the construction project, and
was fined 1 million yuan.
according to industry insiders, in recent years, many new requirements for wastewater discharge standards, chloride ion discharge requirements will be more stringent, while raising the new emission standards, which will have a significant impact on related enterprises. One is technology, and the other is the increase in processing costs. Treatment of chloride-containing high-salt wastewater is now a bottleneck faced by enterprises, treatment costs are too high, and the amount is very large.
fact, this is not the first time Long Yuli has received a penalty from the environmental protection department.
in the past two years, Long yuli and its subsidiaries have received numerous environmental regulatory penalties.
February 26, 2018, Longyu Titanium, a subsidiary of Longyuli Holdings, was overhauled by the Company for the maintenance of 150,000 tons of sulphuric acid units supporting the technical transformation project with an annual output of 20,000 tons of redstone-type titanium dioxide, using diesel fuel. As fuel for the incinerator oven heating operations, combustion of the smoke generated through the temporary set in the end of the sulfur incinerator exhaust cylinder outside," received the Mianzhu City Environmental Protection Bureau issued a "decision on administrative punishment",
was fined 50,000 yuan.
August 3, 2018, the Environmental Protection Bureau of Mianzhu City, Sichuan Province, conducted a law enforcement inspection of the long-term titanium industry and found that there were 5,000 square-way leachate collection pools during the night when it rained. The monitoring report issued by Deyang Environmental Monitoring Center Station shows that the pollutant index in the spilled wastewater exceeds the Comprehensive Sewage Discharge Standard. In this regard,
Mianzhu City Environmental Protection Bureau to the Longzhu titanium industry a fine of 150,000 yuan.
November 23, 2018, longyu titanium industry because "the part of the electric slag dump is not covered with dust-proof measures, the surface of the dump has been covered with dust, the southern middle section of the dump body root has rainwater flushing material traces, the dump retaining wall and collection ditch is not perfect", again received Mianzhu City Environmental Protection Bureau issued the "Administrative Penalty Decision."
Mianzhu City Environmental Protection Bureau asked the long-time titanium industry to immediately correct the above-mentioned violations and to give a fine of 100,000 yuan.
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