Guolin Technology's two Xinjiang fine chemical bases: 20-day + 30-day staggered maintenance

Guolin Technology (300786.SZ) released a production maintenance announcement. Two of its upstream and downstream chemical subsidiaries in Xinjiang will conduct phased production shutdowns for maintenance:

Wholly-owned subsidiary Xinjiang Guolin New Materials Co., Ltd.: Produces high-purity crystalline glyoxylic acid and potassium formate using its proprietary ozone oxidation process, with a supporting capacity of 25,000 tons/year of glyoxylic acid and 22,000 tons/year of potassium formate. The products are applied in fields such as pharmaceutical intermediates, panel cleaning, oilfield drilling fluids, and leather printing/dyeing; the company plans to commence production suspension for maintenance starting from July 12, 2026, with a duration of approximately 1 month.

Controlling subsidiary Xinjiang Kailianjie Petrochemical Co., Ltd.: Primarily produces maleic anhydride, equipped with a 20,000 tons/year maleic anhydride production facility. Maleic anhydride is a core raw material for downstream glyoxylic acid and is also sold externally to the resin, coating, and pesticide industries; the company initiated shutdown maintenance on July 6, 2026, with a maintenance cycle of approximately 20 days.

The two subsidiaries form a synergistic complete upstream and downstream industrial chain of maleic anhydride-glyoxylic acid. This time, a staggered maintenance mode is adopted. The company has stockpiled raw materials and finished products in advance and formulated comprehensive product supply plans, which can ensure the smooth delivery of existing domestic and overseas orders. This phased maintenance is not expected to have a material adverse impact on the company's overall production and operation.