A medical worker takes a swab sample from a resident for nucleic acid test at a testing site in Zhenhai District of Ningbo City, east China's Zhejiang Province, Dec. 12, 2021.Photo:Xinhua

 
Multiple A-share listed companies in East China’s Zhejiang Province have suspended production in a bid to prevent the spread of the Covid-19 virus amid a tightening of local policies following the recent flareup.

Several Zhejiang-based companies have issued statements saying that production and operation has been suspended, but they said it will have a limited impact on their yearly performance. 

Ningbo Homelink Eco-itech Co, a company producing plastic products, said in a filing released on Sunday that it has suspended production to comply with the local government epidemic prevention policy. The company said it may have an adverse impact on fourth quarter results but it will not have any long-term negative impact. 

Zhejiang Huangma Technology Co said that both of its wholly owned subsidiaries started reducing production on December 9. The suspension may delay production and product delivery, impacting the company’s operation this month, it said, but it won’t significantly affect overall performance for 2021. 

A number of other companies including Zhejiang Zhongxin Fluoride Materials Co, Zhejiang Jingsheng Mechanical & Electrical Co, Zhejiang Fenglong Electric Co, and Nanjing PharmaBlock Sciences have all halted production. 

Some companies said they will take measures to cope with the suspension and be ready to return to normal operation. 

A total of 75 new cases were confirmed in Zhejiang on Sunday, of which five cases, 14 cases, and 55 cases were located in Hangzhou, Ningbo, and Shaoxing respectively, the provincial government said on Monday. 

Global Times