Cangzhou Dahua (600230.
SH) announced that Cangzhou Dahua TDI Co.
(hereinafter referred to as "TDI Company"), a holding subsidiary of the company, is mainly engaged in the production and sales of TDI products, with an annual output of 30,000 tons of TDI production equipment
In 2019, due to the sufficient supply of TDI from various domestic manufacturers, fierce market competition and low market prices, TDI's annual production capacity of 30,000 tons of TDI equipment is low due to its small capacity and poor scale efficiency
As of September 30, 2019, TDI's total assets were 839 million yuan, accounting for 17.
82% of the company's total assets; from January to September 2019, its operating income was 114 million yuan, accounting for 7.
07% of the company's operating income for the same period.
The suspension of production of TDI's plants does not have a significant impact on the company