Bravely confront all difficulties and challenges, strive to be the best version of ourselves, and achieve high-quality development for Yuegong—remarks by Chen Bailiang, Chairman of the Board of Yuegong Group, at the 2019 Annual Meeting.
Release Date:
2019-01-28 16:12
As the wheels of history roll ever forward, today the people of Yuegong have bid farewell to 2018—a year marked by tumultuous change and brimming with both excitement and trepidation—and welcomed 2019, a year fraught with uncertainty and rife with both peril and opportunity.
2018 This year has been one of determined progress amid challenges for the employees of Yuegong, as well as a year of reform and innovation aimed at enhancing quality and boosting efficiency.
During this year, Yuegong embarked on its journey toward an IPO. In accordance with the requirements of the listing process, it progressively streamlined its corporate governance framework and internal policies, while striving to deliver strong performance, thereby laying the groundwork for the company’s public offering.
During this year, the Yuegong Green Prefabricated System was further refined. With technical support from Zhejiang University, theoretical analyses, finite-element simulations, and experimental studies were conducted on the system, along with an in-depth investigation into structural joint optimization. Mechanical tests were carried out at Zhejiang University and Zhejiang Sci-Tech University, and Yuegong’s “Enterprise Standard for Bolt‑Tube Concrete Structural Systems” was developed and officially released.
During this year, the “Innovation and Excellence” campaign was vigorously launched and carried out in a solid and effective manner. In particular, groundbreaking progress was made in market expansion: Shandong Company secured contracts totaling over RMB 500 million, including two individual projects each exceeding RMB 100 million, while sales representative Dou Zhongxing signed contracts worth more than RMB 200 million in a single year. Demonstrating courage to tackle tough challenges and fight hard battles, the renovation, expansion, and upgrading project of the Shaoxing Hotel was successfully completed. The team led by General Manager Hua Yuwu of Zhejiang Company withstood a significant political test, strengthening their resolve, boosting their confidence, and showcasing the unique culture of Yuegong, thereby enhancing the Yuegong brand. Furthermore, the successful development of an eleven‑story vertical‑lift automated parking system has taken Yuegong’s automated parking solutions to a new level.
This year, we also withstood the challenges posed by security risks and funding‑guarantee risks.
2018 Years of experience have taught us: things often run counter to human intentions, yet success ultimately depends on human effort!
2019 It has arrived as scheduled—has the Yue Palace team made all the necessary preparations? Today, the world is rife with “black swan” and “gray rhino” events. We can’t predict why they occur, when they will strike, or what their impact will be. Yet one thing is clear: those who complain stop; those who act succeed. No matter how intricate and complex the global landscape may be, or how much downward pressure weighs on the domestic economy, we must face it head-on and strive to be our best selves. In my view, that is the wisest path forward. To become a better version of ourselves, we must look inward, strengthen our own enterprises, and fine-tune every critical element—our people, our organizational structure, our institutions, and our investment philosophy. We must devote ourselves wholeheartedly to building resilience and staying robust, respond with all our might to market shifts, ride the waves, and boldly lead the way.
Strive to become a better version of ourselves; while steadfastly adhering to the strategic direction set by Yuegong, we must win three critical battles:
First, we will remain committed to going public and steadily advance into the capital markets. We will continue to implement all necessary compliance measures for the company’s IPO, expand production, reduce costs, and enhance efficiency to achieve optimal economic returns, thereby meeting the requirements for listing and ensuring that every step toward an IPO is taken with care and precision.
Second, we will pursue innovative development by launching two new products into the market. Yuegong must continue to place great emphasis on both management and technological innovation. Building on the refinement of its internal systems, Yuegong’s green prefabricated construction solutions should be introduced to the market; meanwhile, the newly developed multi‑storey parking garage should gradually become one of the company’s flagship offerings.
Third, we must generate value and proactively prevent and mitigate all types of risks. Creating value is the enterprise’s mission, the foundation of its development, and the most effective means of managing and reducing risks. Therefore, we will always prioritize enhancing efficiency and profitability, ensuring the enterprise’s sound operations. At present, the primary hidden dangers and risks facing our company fall into two main categories: first, safety risks; second, financial risks. We must remain vigilant, take proactive measures to address these risks, and safeguard the enterprise’s sustained, healthy growth.
2018 The struggles and achievements of the past year have given us confidence and hope, while the goals and tasks for 2019 provide us with direction and momentum. When hearts are united, even Mount Tai can be moved! As long as all members of Yuegong work together in solidarity, strive with one heart, rise to every challenge, and pool our strength to win the three critical battles, Yuegong will surely advance toward sound development and high‑quality growth.
I firmly believe that we can achieve our goals—and that we will surely achieve them!
Finally, on behalf of the Board of Directors and the Party Committee of Yuegong, I would like to extend our heartfelt gratitude to all Party members and employees for their hard work and invaluable contributions over the past year. We also wish you all good health, smooth progress in your work, and happiness in your families in the year ahead!
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