Sanda Membrane (SH688101) Holding Company was fined 625,000 yuan for interfering with the discharge of pollutants from automatic monitoring facilities, and Huaneng International (SH600011) Holding Company received a fine of 464,000 yuan for starting construction without obtaining environmental impact assessment approval procedures

In the first week of April 2025, which listed companies have red lights up on their environmental protection and disclosure responsibilities? Let's look at the 195th issue of the A-share green weekly report.

Since September 2020, National Business Daily and the Institute of Public and Environmental Affairs (IPE), a well-known NGO in the field of environmental protection, have collected and analyzed the environmental information data of thousands of listed companies in China and tens of thousands of their subsidiaries (including branches, joint-stock companies and holding companies) every week based on authoritative data sources such as environmental quality, environmental emissions and pollution source supervision records issued by 31 provinces and 337 prefecture-level municipal governments. The ability to disseminate information makes the environmental information in the business activities of listed companies in the capital market more transparent and transparent.

According to the data collected in the first week of April, the reporter of "Daily Economic News" found that a total of 7 listed companies have been exposed to environmental risks in the near future.

One week of green inspection: interfered with the monitoring of emission data, Sanda Membrane Holding Company was fined

In addition to factors such as enterprise management capabilities, financial status, and industry competition, environmental risks have increasingly become one of the important operational risks of listed companies. Environmental risk is as important as it is about the company's image.

The environmental risk list involves the distribution of listed companies (the first week of April).

According to the data of this issue, risk information such as violations of laws and regulations in the field of ecological environment is linked to a total of 7 listed companies. Among them, 5 are state-owned controlled enterprises.

The reporter of "Daily Economic News" combed and found that there are 775,300 shareholders behind 7 listed companies, and the investment targets are on the environmental risk list, which may expose them to investment risks.

It is worth noting that Jining Sanda Water Co., Ltd. (hereinafter referred to as Jining Sanda), a holding company of Sanda Membrane, was fined 625,000 yuan by the Wenshang County Branch of the Jining Ecological Environment Bureau for interfering with the discharge of pollutants from automatic monitoring facilities.

According to the penalty book with the document number "Jihuan Wen Penalty (2025) No. 3" included in Credit China, starting from 12 o'clock on February 7, 2024, the total nitrogen hour value of Jining Sanda sewage outlet often exceeds the standard. In order to reduce the automatic monitoring data of total nitrogen at the outlet, from March 2024 to mid-April 2024, the company's manager Zheng Moumou instructed the company's doorman Yang Moumou to pump groundwater from the company's own well from time to time and inject it into the contact disinfection tank, and dilute the wastewater for discharge, resulting in the automatic monitoring data of the company's effluent wastewater chemical oxygen demand, ammonia nitrogen, total phosphorus, total nitrogen and other pollutant indicators being low compared with the actual monitoring data, which is an act that interferes with the discharge of pollutants from the automatic monitoring facility. In accordance with Article 83, Paragraph 3 of the Water Pollution Prevention and Control Law of the People's Republic of China, Jining Sanda was fined 625,000 yuan by the Wenshang County Branch of the Jining Ecological Environment Bureau.

On April 2, the reporter of "Daily Economic News" sent an interview letter through the public email address of Sanda Membrane. On April 3, Sanda Membrane called reporters, and the relevant personnel said that they would reply after reporting the relevant situation. However, as of press time, the reporter did not receive further response.

At the same time, the penalty book with the document number "Pu 2410030479" included by Credit China shows that Shanghai Construction Engineering (SH600170) Holding Company Shanghai Construction Engineering First Construction Group Co., Ltd. was fined 200,000 yuan by the People's Government of Maqiao Town, Minhang District, Shanghai for failing to prepare a construction waste treatment plan for the record.

On April 2, the reporter of "Daily Economic News" sent an interview letter through the public email address of Shanghai Construction Engineering. On the same day, the reporter called Shanghai Construction Engineering, and the operator said that he would report the situation of the interview letter to relevant colleagues and then reply. However, as of press time, the reporter did not receive further response.

Environmental penalties: Huaneng International Holdings Company was fined for starting construction without authorization

In this period, Huaneng Clean Energy (Qujing Xuanwei) Co., Ltd. (hereinafter referred to as Qujing Huaneng), a holding company of Huaneng International, was fined 464,000 yuan by the Qujing Municipal Bureau of Ecology and Environment for violating the environmental impact assessment system.

According to the penalty letter with the document number "Quhuan Penalty Zi (2025) No. 10-4" included in Credit China, Qujing Huaneng started the construction of 8 wind turbines with a single capacity of 6.25MW in Xiaobaiyan Area, Haidai Town, Xuanwei City without obtaining EIA approval procedures in June 2024, and the hoisting project was completed at the end of September 2024, and some ancillary facilities have not yet been installed. According to the first paragraph of Article 31 of the Environmental Impact Assessment Law of the People's Republic of China (amended in 2018), Qujing Huaneng was fined 464,000 yuan by the Qujing Municipal Ecological Environment Bureau.

On April 2, the reporter of "Daily Economic News" sent an interview letter through Huaneng International's public e-mail. On the same day, the reporter called Huaneng International, and the operator said that he would check the interview letter to understand the punishment and discuss it internally before replying. However, as of press time, the reporter did not receive further response.

In addition, according to the penalty book with the document number "Shaoshi Huan (Vietnam) Penalty (2025) No. 7" included in Credit China, Shaoxing Jinghua Laser Material Technology Co., Ltd., a wholly-owned subsidiary of Jinghua Laser (SH603607), was arrested by the Shaoxing Municipal Bureau of Ecology and Environment on October 5, 2024 in Chengdong Economic and Technological Development Zone, Yuecheng District, Shaoxing City, Zhejiang Province. The first paragraph of Article 23 of the Regulations on the Administration of Environmental Protection of Construction Projects shall be fined 310,000 yuan.

On April 2, the reporter of "Daily Economic News" sent an interview letter through Jinghua Laser's public e-mail, but it was returned by the other party's system. From April 2nd to 3rd, the reporter called Jinghua Laser's public phone number many times, but did not contact the other party for the time being.

In recent years, with the gradual rise of ESG (environmental, social responsibility and governance) investment philosophy, investors are paying more and more attention to the sustainable development ability of enterprises. Attention should also be paid to the environmental responsibility of listed companies' financial and strategic investments, so the environmental data of directly or indirectly participating companies are included in the A-share green reporting project database.

It should be noted that the disclosure of environmental information and data depends on the continuous improvement of the level of environmental regulatory information disclosure. From the 2008 Measures for Environmental Information Disclosure (Trial) to the newly revised Environmental Protection Law of the People's Republic of China, Chapter 5 of the Environmental Protection Law of the People's Republic of China establishes provisions on "information disclosure and public participation", information disclosure has been guaranteed from the establishment of the system.

Relevant laws and regulations stipulate that citizens, legal persons and other organizations have the right to obtain environmental information and participate in and supervise environmental protection in accordance with the law. The competent departments for environmental protection of people's governments at all levels and other departments responsible for the supervision and management of environmental protection shall disclose environmental information in accordance with law, improve procedures for public participation, and facilitate citizens, legal persons, and other organizations participating in and supervising environmental protection.

The

2018-2019 120 PITI Report on Regulatory Information Disclosure of Urban Pollution Sources (PITI) compiled by the Institute of Public and Environmental Affairs (IPE) and the Natural Resources Defense Council (NRDC) also pointed out that "disclosure is the norm and non-disclosure is the exception" has gradually become a recognized principle of the government and society.

If you have any questions about the environmental data of this project, or need to communicate and feedback on the environmental issues involved in the list, please contact Blue Map.

(Interns Cheng Xinyu, Li Junhao, Fang Jinxiao and Xiao Liqun also contributed to this article).

For detailed data query and visual interactive topics of the A-share environmental risk list, please click the link or scan the QR code to view.

Cover image credit: Visual China-VCG41N1202238471