Gelonghui October 16?600623.SH (Huayi)It was stated at the semi-annual performance presentation meeting thatThe company regularly carries out risk early warning analysis in the chemical industry, timely grasps the development trend of the industry, and formulates coping strategies according to the changes of market risk, so as to improve the competitiveness of enterprises and the stability of the market to risks. The company firmly grasps the development trend of localization, large-scale, integration and specialization of the world petrochemical industry, further arranges the integration base of new materials in Qinzhou chemical industry, extends the upper and lower reaches of the industrial chain, and firmly grasps the end of raw materials upward. Expand the chemical business downward, obtain the profits of the whole industry chain, and enhance the ability to resist periodic market risks. At the same time, further enhance lean production capacity, reduce energy consumption and material consumption costs, seek a competitive supply chain, improve product quality and added value, stabilize the supply of major customers and expand market share, and respond to changes in the market environment in a positive way. The 320000 t / a butanol and octanol and acrylate project in Guangxi New Materials is in line with the industrial development plan of Qinzhou Chemical New Materials Integration Base and the concept of company integration. It is an important link in the Huayi Qinzhou Chemical New Materials Integration Base project to enrich the downstream of olefins, expand and extend the industrial chain, and make full use of the synergistic advantages of Qinzhou base integration and industrial chain. Further expand the production capacity of butyl octanol and acrylate downstream of propylene, enrich the variety of products, enhance the overall competitiveness, and have better economic benefits. The increase of investment in Guangxi New Materials, the main investor of the project, can provide important financial support for the construction and development of the project and ensure the smooth development of the project. According to the preliminary calculation of the company's financial department, it is estimated that the impact of the expropriation of land in area C on the company's pre-tax profits is 245.02 million yuan. The collection compensation received this time will be used for the daily production and operation activities of Huayi, Anhui Province. The specific accounting treatment and impact shall be based on the results confirmed by the accountant's annual audit.