Luxi Chemical(SZ:000830)2023-02-17 08:14Group 1: Company Operations - The overall production and operational situation of the company is stable, with effective safety and environmental control measures in place [1] - The company maintains stable load operation, with some fluctuations in chemical product prices due to factors like oil price volatility and market supply-demand relationships [1] - The company adheres to a "zero inventory" management strategy, enhancing market forecasting and process control to minimize the impact of market downturns [1] Group 2: Project Development - The company is advancing ongoing construction and technical renovation projects through weekly and monthly scheduling meetings, ensuring safety and quality while striving for project progress [2] - The first phase of the Bisphenol A project has been completed and put into production, while other projects like Caprolactam and Nylon 6 are progressing in an orderly manner [2] Group 3: Mergers and Acquisitions - The company plans to absorb and merge with LUXI Group Co., Ltd., with the proposal approved at the second extraordinary general meeting of shareholders in 2022 and submitted to the China Securities Regulatory Commission [2] - The company has received feedback from the regulatory body and is addressing the comments as required [2] Group 4: Market Competition and Strategy - The company disclosed potential industry competition issues with Sinochem Blue Sky regarding certain fluorinated products, along with commitments to resolve these issues [2] - The chemical engineering sector is a core industry for the company, contributing significantly to its transformation and development [2] Group 5: Market Forecast - The market price of chemical products is influenced by various factors, leading to uncertainty; the company will adjust strategies in response to market changes to maximize economic benefits [3] - The catalyst sector primarily serves internal production within the park, enhancing the company's competitive advantage in the new materials industry [3]