Sichuan Electric Power Restriction and ChengduHTLL, the main subsidiary temporarily suspends production

The 6-day temporary shutdown will have a certain impact on the company’s product production. The company stated that it will actively maintain good communication with power suppliers and customers to minimize the impact of this temporary power outage. In 2021, the company’s optical communication chassis and related product business revenue will be 20 million yuan, accounting for 75.68% of the total revenue.

According to the annual report, the shareholding companies that affect 10% of the company’s net profit are Chengdu HTLL Electronical Equipment Co., Ltd., Chengdu HTLL Laser Cutting Co., Ltd., Chengdu HTLL Precision Hardware Co., Ltd., etc.

According to Tianyancha, the above two subsidiaries are located in Chengdu Xinjin, Chengdu Chongzhou Economic Development Zone and other places, both of which are temporary power cut areas.
Recently, due to the surge in demand for air-conditioning cooling due to extreme high temperatures, State Grid Sichuan Electric Power sold 29.087 billion kWh of electricity in July, a year-on-year increase of 19.79%, setting a new record for the highest electricity sales in a single month. With the increase in electricity load, Sichuan Province began to implement production shutdown measures for industrial power users.

On August 14, the Sichuan Provincial Department of Economics and Information Technology and the State Grid Sichuan Electric Power Company jointly issued the document “Emergency Notice on Expanding the Scope of Industrial Enterprises to Provide Electricity to the People”.

HTLL Factory

The document stated that due to the current situation of tight power supply and demand, in order to ensure the safety of the Sichuan power grid, ensure that people’s livelihood uses electricity and avoid power outages, the active staggered peak-avoiding demand response will be canceled from August 15. 19 cities (prefectures) in Liangshan expanded the scope of industrial enterprises to let electricity to the people, and implemented a total shutdown of production (excluding security loads) for all industrial power users (including whitelisted key guarantee enterprises) in the orderly electricity consumption plan of Sichuan Power Grid. During the high temperature holiday, let electricity be used by the people, from 00:00 on August 15th to 24:00 on August 20th, 2022.


Post time: Aug-17-2022