Macquarie was fined 73.15 million yuan for "propylene glycol incident"

2022-08-23

The market supervision department punished the "propylene glycol incident" of maizeer (002719). On the evening of August 22, maizeer announced that due to the detection of propylene glycol in pure milk, which constituted the act of using food additives to produce food beyond the scope, Changji municipal market supervision and Administration Bureau had sent the administrative punishment decision to the company: confiscate the illegal income of 360200 yuan, confiscate all unqualified pure milk products, and impose a fine of 73.15 million yuan. In addition to facing huge fines, the impact of the above events on the company's operating performance has been prominent. According to the performance forecast, Macquarie is expected to lose 130 million yuan to 195 million yuan in the first half of the year, turning from profit to loss on a year-on-year basis. Whether it will have a negative impact on production and sales in the future remains to be verified. On June 27 this year, the market supervision and Administration Bureau of Qingyuan County, Lishui City, Zhejiang Province issued an inspection report, which showed that the 2 batches of pure milk of maizeer contained propylene glycol, which was unqualified food; On June 28, Changji municipal market supervision and administration immediately started the verification and disposal of maizeer, and filed a case for investigation according to law. The aforesaid event triggered a sharp fluctuation in the stock price, and Macquarie fell by the limit on June 30. At that time, Macquarie said that it had taken the initiative to stop the production of pure milk and actively cooperated with the supervision and sampling work. According to the investigation results, the reason why propylene glycol appears in the relevant batches of milk is that in the process of producing pure milk and the pretreatment of pure milk, maizeer uses food additives beyond the scope during the process of introducing raw milk into the storage tank. The ingredients of the food additives are "ins 1520 propylene glycol 97.3%, food flavor 2.2%, water 0.5%". According to statistics, the total value of the above unqualified pure milk products is 5.225 million yuan, and the sales amount is 4.925 million yuan; During the period of the case, maizeer has returned 4.564 million yuan of compensation, and the remaining amount is 360200 yuan. In addition to confiscating 360000 yuan of illegal income and all substandard milk products, maizeer will also be fined 73.15 million yuan. In addition, the legal representative of the company, the director of the dairy factory, the director of the normal temperature production workshop and the batcher were fined 720000 yuan, 200000 yuan, 330000 yuan and 280000 yuan respectively. Mai said that the matters for which the decision on administrative punishment was received this time did not belong to the situation of major illegal compulsory delisting as stipulated in the Listing Rules of Shenzhen Stock Exchange; The company once again expresses its sincere apologies to consumers and investors for this incident. The food safety incident has had an impact on the operation and performance of Macquarie. The company is expected to lose 130 million yuan to 195 million yuan in the first half of the year, with a year-on-year change from profit to loss. As for the reason for the decline in performance, mcrael frankly said that it was due to the fact that "propylene glycol was detected in pure milk". After reassessing the impact of the event on sales and inventories, the company will withdraw inventory depreciation reserves for products that are removed from shelves, sealed up and recalled, and it is expected that other related expenses will occur, resulting in losses. At the production level, on July 3, Macquarie stopped the production of pure milk and started the comprehensive rectification process. At present, all the rectification has been completed, and the relevant shutdown has been completed. The production of pure milk is gradually resumed. It will be put on the market after passing the inspection

Edit:Wei Li Bin    Responsible editor:Yin Bing

Source:Securities Times

Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email:lwxsd@liaowanghn.com

Return to list

Recommended Reading Change it

Links

Submission mailbox:lwxsd@liaowanghn.com Tel:020-817896455

粤ICP备19140089号 Copyright © 2019 by www.lwxsd.com.all rights reserved

>