With the widespread attention on the incident of coal-made oil tankers transporting edible oil, several edible oil giants involved in this batch of edible oil have become the center of controversy. Previously, it was possible to track the trajectories of the implicated oil tankers through a third-party data platform, but currently, it is no longer possible to access this information.
According to reports from Interface News, on July 9, a social media platform user named “Gao Jianli” released a video program claiming to have collected the license plate number of one of the vehicles involved in the incident, “冀E5476W,” through the content displayed on the electronic screen when the tanker was weighed, as captured by a journalist from “The Beijing News.” By utilizing an open-source tracking platform, the trajectory of this particular truck was identified.
Interface News confirmed the accuracy of such open-source platform tracking information through industry insiders in the tanker business.
The tanker with the license plate “冀E5476W,” loaded with edible oil, departed from Zhongzhuluang Oils & Fats (Tianjin) and first arrived at Xinzhen Oil & Fat Co., Ltd. in Mianxian County, Hanzhong. This is a county-level enterprise specializing in the processing of agricultural and sideline products.
Continuing to follow the trajectory, on May 28, the vehicle visited Ningxia Lamei Oil, and on June 1, it arrived near Sha’ti Airport in Foshan, Guangdong, to unload oil. On the same day, it loaded edible oil from Zhongfan Grain Oils (Dongguan) Co., Ltd., and three days later, on June 4, it arrived at the Jindragon Fish Edible Oil Factory in Xi’an to unload the cargo.
Referring to earlier business information, Zhongfan Grain Oils (Dongguan) is a wholly-owned subsidiary of Zhongfan Grain Oils Import and Export Co., Ltd., whose holder is none other than COFCO Group.
According to maps, there is a Jindragon Fish company on Xianxing Road, which is owned by “Yihai Kerry (Xingping) Food Industry Co., Ltd.” Combining information from the Tianyancha app, Jindragon Fish is the controlling shareholder of this company, with a shareholding ratio of 97%—Jindragon Fish has a wide range of brands, including “Jindragon Fish,” “Hujihua,” and “Ouliweilan.”
The “coal-oil tanker mixed with edible oil” incident is still ongoing, and edible oil companies involved include Yihai Kerry Jindragon Fish Food Group, Huifuliang Oil Group, Shandong Luhua Group, and Zhongzhuluang Group, among others, making these edible oil giants the focus of attention.
As a result of the incident, the leading edible oil company, Jindragon Fish A-shares, have seen a continuous sharp decline in stock prices.
According to reports from Sina Finance and Peninsula City News, on July 8, Jindragon Fish’s stock price fell by 1.37%, and on July 9, after opening, the price continued to decline, with a maximum intraday decline exceeding 2%. By the close, Jindragon Fish’s stock had fallen by 0.22%. On July 10, the stock opened with nearly a 7% drop, hitting a historic low of 25.00 yuan, and by the close, it suffered a 4.41% decline, with a total market value of 141.178 billion, losing 6.831 billion in value over two days.
According to data, on October 15, 2020, Jindragon Fish officially entered the capital market, reaching a peak market value of 780 billion yuan three months later, dubbed the “Moutai in Oils.” However, Jindragon Fish stock has plummeted from around 145 yuan at the beginning of 2021 to 27 yuan currently, representing nearly an 80% drop, with a total market value evaporated by over 600 billion yuan.