Luxi Chemical(SZ:000830)2022-12-04 08:24Group 1: Company Operations - The overall production and operation of the company are normal, with high capacity utilization and stable long-cycle operation of production units [1] - The formic acid unit is operating at full capacity with stable product quality, and sales prices are adjusted based on market demand [2] - The polycarbonate unit is also running at full capacity, maintaining a balance between production and sales [2] - The caustic soda unit is producing steadily, with a slight price reduction due to environmental regulations and downstream production limits [2] Group 2: Project Developments - Ongoing construction projects are progressing smoothly [2] - The second-phase caprolactam project is currently in debugging [2] - The company is actively coordinating the construction of the second-phase project for polycarbonate [2] Group 3: Legal Matters - The company disclosed an announcement regarding arbitration progress, claiming serious flaws in the arbitration process and bias from the arbitrators [2] - Legal measures will be taken to protect the company's and shareholders' rights [2] Group 4: Competitive Advantages - The company has developed a strong, resilient workforce with improved overall quality and cohesion, which is considered its core competitive advantage [3] - The integrated, intelligent features of the chemical new materials industrial park enhance operational efficiency and safety [3] Group 5: Challenges - The industrial park is not close to ports or railways, with the nearest railway approximately 20 kilometers away, leading to transportation challenges [3] - The company aims to enhance the integrated functions of the park while focusing on safety and environmental protection [3]