United under a common goal, we will write a new chapter of high-quality development for Yuegong.
2017 was a year of special significance in the history of Yuegong’s development. Marking this milestone, Yuegong truly embarked on a strategic return to its core steel‑structure business—refining, specializing, and strengthening it—while integrating other industries. The company launched an ambitious initiative to elevate its primary business and vigorously develop, research, and promote its own proprietary green prefabricated building system, firmly committing to a strategy of entering the capital markets. These decisions and actions aligned with national policies and economic trends, kept pace with industry advancements, and reflected Yuegong’s unique circumstances, placing the company at a new starting point and ushering it into a new era. Looking back on 2017, under the leadership of Chairman Chen, the Group adhered to the overarching principles of “seeking innovation, change, and excellence” and “enhancing efficiency and profitability.” By updating mindsets, innovating approaches, boosting morale, and overcoming challenges, the Group successfully fulfilled its annual goals and objectives. It resolved long‑standing, intractable issues that had hindered Yuegong’s growth, integrated related industries, expanded into new areas of development, and laid a solid foundation for innovative progress. In 2017, Yuegong operated steadily and demonstrated positive momentum. As the company celebrates its 25th anniversary, it stands at a historic juncture—China’s entry into a new era of socialism—with renewed vitality and hope, inspiring confidence among all Yuegong employees. In line with the overarching directives set forth by Chairman Chen Bailiang in his New Year address, 2018 marks the inaugural year for Yuegong Group as it earnestly implements the spirit of the 19th National Congress of the Communist Party of China, pioneers a new era, embarks on a fresh journey, and strides confidently toward the capital markets. We must remain united around this shared vision, deeply understand the critical judgment that China’s economy has transitioned from a phase of rapid growth to one of high‑quality development, proactively adapt to the new landscape and prevailing norms, maintain a problem‑oriented approach, strengthen foundational capabilities, address weaknesses, and move forward with determination, pooling our efforts and dedicating ourselves wholeheartedly to achieving high‑quality growth for Yuegong. With regard to 2018, we emphasize the following six key priorities: First, scale is essential to solving problems; we must do everything possible to sustain steady growth in key economic indicators. In 2018, each subsidiary must align with the targets assigned by the Group, prioritize these objectives above all else, avoid making excuses, refrain from shirking responsibility, and execute tasks rigorously and without compromise. Second, achieving high‑quality development is paramount. We will continue to carry out “Innovation and Excellence” campaigns and QC group activities to enhance quality and boost efficiency. The experience of 2017 demonstrates that these initiatives are highly effective in advancing all aspects of corporate operations. Building on past successes, in 2018 we will expand the scope of these activities, strengthen process management, and improve their practical impact, elevating Yuegong’s overall management standards and employee competencies to a new level, thereby providing robust support for high‑quality growth. Third, turning R&D achievements into marketable products is where true capability lies. We must ensure the successful implementation and widespread adoption of Yuegong’s green prefabricated building system. 2017 marked the inaugural year for this innovative system, and we invested substantial resources—particularly through the dedicated efforts of the R&D team led by Hua Yuwu. In 2018, we will pursue a three‑pronged approach: first, further refine the system by securing technical support and computational and experimental backing from influential industry institutions; second, construct demonstration projects to test and apply the system; and third, establish a specialized department to conduct marketing and promotion, striving for tangible breakthroughs and broad market acceptance. Fourth, pursuing an IPO and raising capital publicly is a major strategic goal that requires unwavering determination and steady progress. Everyone recognizes the importance and necessity of listing a company. Although Yuegong still has some distance to go before going public, if we commit wholeheartedly and work together across the entire Group, united in purpose and effort, then, like a ship sailing against the wind, Yuegong will surely reach the shores of success. Fifth, maintaining and safeguarding our qualification platforms is an invaluable asset. We must diligently preserve and protect all construction‑related qualifications held by Zhejiang Company. Sixth, cultural development is fundamental. We will uphold and promote a corporate culture characterized by “passion, magnanimity, and harmony,” as well as “carefulness, cooperation, and proactiveness,” thereby fostering the comprehensive improvement of our employees’ qualities. The 19th National Congress of the CPC has enshrined a people‑centered development philosophy. As a responsible enterprise, we must place our employees at the heart of our growth, enhancing their sense of fulfillment and belonging. We will strive to ensure that while the company achieves profits, employees share in those gains, continuously improving their working and living conditions, enriching cultural activities, and strengthening education and training. In this way, employees and the company will advance together, growing stronger, healthier, and happier, attracting more talented individuals to join Yuegong in building a brighter future. Entrepreneurship is challenging, but success comes through hard work. Let us unite behind the common goal of listing our company, dedicate ourselves to this endeavor, and turn today’s efforts into tomorrow’s glory!
On February 2, 2018, Yuegong Holdings Group held its “2018 Work Conference and Spring Festival Gala.” The year 2017 was one of building on past achievements and forging ahead with determination. All members of the Yuegong family worked together in unity and solidarity, propelling the company’s progress and development with extraordinary effort. In 2018, all Yuegong employees will surely remain true to their original aspirations, keep their mission firmly in mind, and jointly create new glories for Yuegong! Now, let us once again turn our attention to this grand annual event. 01 Group President Ren Qiliang delivered the 2017 Work Report. Group President Ren Qiliang presented the “2017 Annual Work Report,” calling on all Yuegong employees to unite under a common goal and write a new chapter of high-quality development for the company. 02 Group Chairman Chen Bailiang delivered his New Year address. Group Chairman Chen Bailiang addressed the gathering with an inspiring speech, announcing that Yuegong had “entered a new era and embarked on a new journey,” sounding the clarion call to “strive for three years and successfully enter the capital market.” His words motivated all Yuegong employees to collaboratively paint a bright future for the company. 03 Recognition of outstanding individuals and teams from 2017. Various awards were presented to recognize exceptional contributions made throughout 2017. 04 A vibrant and colorful gala. The 2018 Spring Festival Gala kicked off with melodious music and a lucky draw featuring the auspicious phrase “The God of Wealth Has Arrived.” Each department showcased a diverse array of performances—songs and dances, local operas, Shandong fast storytelling, skits, and solo instrumental pieces—all coming together to create an atmosphere filled with laughter and joy, setting the stage for a promising start to 2018. The gala’s prize-drawing segment was particularly thrilling, with beautifully arranged prizes including coveted items such as iPhones and Samsonite suitcases. Winners kept receiving exciting surprises, while creative interactive games enlivened the audience, accompanied by frequent distribution of lucky red envelopes. The mood remained warm and lively throughout. In the end, amid the host’s heartfelt New Year wishes and lingering enthusiasm among all attendees, the event concluded on a triumphant note.
At the dawn of the New Year, all things are renewed. The year 2017, which has just passed, was a particularly significant milestone in the development of Shandong Company. Throughout the year, all employees and cadres seized opportunities, pursued growth, worked in unison, and pressed forward with determination, achieving remarkable results across the board. In particular, the company’s project managers, united in spirit and purpose with the organization, advanced hand-in-hand, closely aligned with annual objectives. Driven by marketing policies and relevant corporate regulations, they kept pace with the times, forging ahead together. As a result, both sales revenue and contracted project value reached record highs, making a vital contribution to the substantial breakthroughs achieved by Shandong Company in 2017. To recognize these achievements, on January 21, 2018, the company held an awards ceremony themed “Grateful for You, Moving Forward Together.” More than forty participants attended, including company leaders, heads of the marketing, finance, and related departments, as well as representatives of the project management team. Vice President Chen Kuanli presided over the meeting and delivered an enthusiastic address, fully commending the project managers’ efforts in 2017 while urging them to sustain their strong work ethic, overcome challenges, seize market opportunities, and pursue innovative breakthroughs. In a cheerful, harmonious, and warm atmosphere, Wang Ming, Manager of the Commercial Department, and Yan Xingqiang, Manager of the Finance Department, provided detailed explanations and interpretations of the company’s 2018 policies regarding project management and financial requirements. The attending project managers expressed heartfelt gratitude for the comprehensive support received from the company, acknowledged the updates and changes in company policies, and shared the difficulties and questions encountered in their day-to-day management. General Manager Luo Yinchang and Vice President Chen Kuanli addressed each concern in light of the spirit of the 19th National Congress, evolving trends in the steel structure market, and the company’s commitment to sound governance. By the end of the session, the project managers appeared relieved and uplifted. Vice President Ma Yongfu read out the company’s decision to honor six outstanding project managers for their exemplary performance in 2017. General Manager Luo personally presented laurel wreaths and certificates of merit to the awardees. Finally, on behalf of the group leadership, General Manager Luo extended his appreciation for the project managers’ invaluable contributions and paid tribute to their indomitable spirit. He briefly summarized the company’s accomplishments in 2017, highlighting key economic indicators and the implementation of priority operational initiatives, before outlining the company’s main economic targets for 2018. He emphasized that the focus of Shandong Company’s work in 2018 would center around: - One core principle: “Customer-centricity.” - Two pillars of assurance: “Safety assurance” and “Quality assurance.” - Three transformative priorities: 1) reforming canteen management; 2) improving employee housing conditions; and 3) upgrading heavy‑steel and light‑steel workshops. - Four areas of enhancement: 1) boosting production capacity; 2) increasing profitability; 3) elevating the company’s brand and reputation; and 4) raising employee incomes. The entire meeting unfolded in a harmonious and orderly manner, suffused with a sense of familial warmth, leaving all participants feeling deeply connected and inspired. “Grateful for You, Moving Forward Together”—looking back on 2017, we stood united, fought tenaciously, and achieved extraordinary results. As we embark on 2018, driven by our shared dreams, we will continue to pool our strengths and press ahead without pause. Looking ahead, we will embrace innovation, keep pace with the times, and, with a fresh outlook and renewed vigor, write a new chapter.
Thank you for being with us—welcome, our former leader, “home”!
Background Introduction: Yuegong Group was restructured from Shaoxing Heilmans Group Co., Ltd. Heilmans Group originated as the former Shaoxing Bicycle Factory, whose roots can be traced back to the time-honored “He Wanxiang Wok Factory” during the Guangxu period of the Qing Dynasty. Later, it was renamed the “Shaoxing Pottery Factory He Faxiang Cookware Factory.” According to the “Shangyu County Gazetteer,” in the 27th year of the Guangxu era (1901), the “He Wanxiang Wok Factory” opened in Baiguan Town and later relocated to downtown Shaoxing. At that time, the iron woks produced by the “He Wanxiang Wok Factory” not only supplied the entire province but were also exported nationwide, making it a highly influential wok‑casting enterprise. After the founding of New China, the cookware factory was transformed into the “Shaoxing Agricultural Machinery Factory” (the predecessor of the Shaoxing Bicycle Factory). Over the course of more than a century—moving from manufacturing woks and agricultural machinery to bicycles—the factory has evolved into today’s steel‑structure business. Through generations of skilled artisans, it has chronicled the growth of New China like a micro‑film, ultimately giving rise to the present-day Yuegong. On January 11, 2018, Yuegong welcomed a special group of distinguished guests—former leaders and employees of the original Shaoxing Bicycle Factory (the predecessor of Yuegong): Xu Wencheng, former Deputy Director of the Shaoxing Municipal People’s Congress and former employee of the Agricultural Machinery Factory; Zhang Jiacao, former Deputy Secretary-General of the Municipal Government; Ruan Peibin, former director of the Bicycle General Factory; and Wang Qiunong and Jiang Lijuan, former employees of the Agricultural Machinery Factory. Now in their advanced years, they gathered at Yuegong to revisit the workplace where they once devoted their energy and sweat. More importantly, in their eyes, Yuegong stands as the rightful inheritor of this century-old enterprise. At the entrance, Chairman Chen Bailiang, President Ren Qiliang, Executive Vice President Jiang Jinlong, and Vice Presidents Luo Yinchang, Tang Genmei, and Hua Yuwu, together with representatives of the bicycle factory’s veteran staff, Li Xin’er and Wu Jiamin, warmly greeted the visiting leaders and held a cordial discussion. On behalf of the company, Chairman Chen Bailiang welcomed the veterans “home,” briefly outlining Yuegong’s recent development. He noted that, while steadily expanding its core steel‑structure business, Yuegong has also focused on structural adjustments, launched green prefabricated construction solutions, and included an IPO in its three-year plan. For several consecutive years, the company has been recognized among the top 30 enterprises in China’s steel‑structure industry. “The achievements we have attained today are built upon the solid foundation laid by our esteemed predecessors,” he emphasized. With deep emotion, he added, “My own management experience was painstakingly passed down to me by leaders like Director Ruan.” Since its inception, Yuegong has tirelessly upheld the spirit of craftsmanship and carried forward the cultural legacy of earlier generations of managers, enabling the company to flourish as it stands today. In closing, he expressed heartfelt gratitude for the long-standing care and support of these veteran leaders, urging them to continue watching over Yuegong’s progress, offering valuable advice, and wishing them continued health and happiness. The veteran leaders voiced their satisfaction with Yuegong’s development, reminiscing fondly about the past: from the renowned “He Wanxiang Wok Factory” whose reputation spread far and wide, to the early days of the Agricultural Machinery Factory when it helped manufacture weapons for the War of Resistance Against Japanese Aggression, and later to the bicycle factory’s golden age, when the “Phoenix” brand was so popular it could hardly keep up with demand. As the “successor” and “continuator” of this storied enterprise, they expressed hope that Yuegong would always preserve the fine traditions cultivated over many decades, breathe new life into the company, and achieve even more vigorous growth. Xu Wencheng, former Deputy Mayor of Shaoxing and former employee of the Agricultural Machinery Factory, remarked: “As a century-old enterprise, Yuegong must forge ahead with determination, striving for prosperity through steady progress. I hope Yuegong will excel in three key areas: first, consolidating its core business by refining and specializing; second, accelerating transformation and upgrading toward an IPO; and third, embracing innovation by vigorously developing green prefabricated construction. With dedication, anything is achievable.” Zhang Jiacao, former Deputy Secretary-General of the Municipal Government and family member of a bicycle factory employee, emphasized: “Unity within the leadership team is paramount. By opening doors to international cooperation along the Belt and Road Initiative, Yuegong can expand its reach. I also hope Yuegong will intensify its marketing efforts and market expansion, while achieving further breakthroughs in technological research and development.” Ruan Peibin, former director of the Bicycle Factory, added: “As an extension of the bicycle factory’s legacy, I hope Yuegong will remain committed to quality and work tirelessly to build a strong, recognizable Yuegong brand.” The earnest expectations and heartfelt wishes of these veteran leaders deeply inspired and moved everyone present, providing a vivid lesson in corporate history and heritage. It reinforced the importance of remembering our origins, preserving our culture, staying true to our mission, and forging ahead with determination.
Spring Festival Fun Sports Meet
As the 2018 New Year approached, to create a festive atmosphere, the Machinery Company hosted an innovative New Year–themed sports event on the afternoon of the 29th. Throughout the entire afternoon, the venue was filled with enthusiastic cheers, shouts, and applause. This year’s fun sports meet broke away from the traditional grouping system based on workshops and departments, better reflecting fairness and a spirit of unity. Four team captains took the lead, independently selecting their teammates—a practice that also upheld the cherished tradition of giving priority to women. Once formed, each team bonded closely, striving together for ultimate victory. A total of 46 participants competed, with four company executives serving as the officiating panel. The event featured seven engaging activities: a “pig‑catching” relay race, a one‑legged hop relay, balloon‑stomping, “carrot squat,” cooperative race walking, a table tennis match, an “indestructible wind‑fire wheel,” and a group tug‑of‑war. These included both individual contests and collaborative challenges, creating an atmosphere of lively excitement. Employees worked in unison, competing bravely and pushing themselves to the limit. Each event tested not only physical strength and ingenuity but also fostered teamwork and solidarity. Cheers and shouts echoed throughout the venue, while the unique and entertaining events sent waves of laughter rippling through every corner of the field. During the cooperative race walk, teams of five pulled forward with all their might; two teams lost their balance, causing the entire squad to tumble—prompting uproarious laughter. When the final grand finale—the tug‑of‑war—began, every participant shouted rallying cries, gripped the long rope tightly, and strained with all their strength, pulling back with red faces and flushed cheeks. Team spirit shone brightly. Cheerleaders cheered loudly for their respective teams, further energizing the atmosphere. Particularly in the battle for first place, the two teams were evenly matched, making for a fiercely contested showdown that was only decided in a tiebreaker! Despite the intense competition, the spirit of “friendship first, competition second” remained deeply ingrained in everyone’s hearts, and the principle of “safety first” stayed firmly in mind. Participants encouraged one another throughout the events, and the entire venue was immersed in a joyful, harmonious ambiance. After three hours of spirited competition, the fun sports meet concluded amid laughter and celebration, with the team led by Shi Yifeng taking the top prize. After the event, Captain Shi remarked: “Our team’s success was due not only to our collective effort but also to my careful preparation beforehand—selecting the right members for each event proved crucial.” To mark the occasion, the company presented generous prizes. These entertaining activities not only enriched employees’ leisure time and improved their physical health but also strengthened friendships, boosted corporate cohesion, and reinvigorated the enthusiasm and motivation of all staff, enabling them to approach their work in 2018 with renewed energy and vigor!
“Small parts” is a collective term for all components of automated parking equipment, encompassing as many as 213 distinct types. The manufacturing process is relatively complex, with currently 105 sets of molds in use. Production of these small parts spans the entire lifecycle of automated parking system fabrication, involving every stage—from raw material cutting and blanking, to punching, tapping, forming, welding, and finishing.
From November 18 to 20, 2017, a certification audit team consisting of four members, led by Mr. Zhou Qingxing, a senior auditor from Zhejiang Gongxin Certification Co., Ltd., conducted a surveillance audit of the “four-in-one” quality/environment/occupational health and safety management system at Zhejiang Yuegong Steel Structure Co., Ltd. Following the on-site surveillance audit by the expert panel, it was confirmed that our company’s “four-in-one” management system complies with the relevant standards, is appropriate, adequate, and effective, and its operational performance received full recognition. ◆ ◆ ◆ ◆ This year marks the second annual surveillance audit since Zhejiang Yuegong Steel Structure Co., Ltd. obtained certification for its “four-in-one” management system. At the opening meeting of the surveillance audit, our Chairman, Jiang Jinlong, extended a warm welcome to the audit team on behalf of the company. He noted that the company secured the “four-in-one” management system certification in December 2015. Over the past two years, the company has consistently integrated the operation of its management system with practical management practices, actively incorporating feedback and recommendations received annually. As a result of the system’s effective implementation, all departments and projects have achieved commendable results. He expressed hope that during this surveillance audit, the auditors would maintain high standards and rigorous requirements, identify areas for improvement, and urged all company departments to cooperate fully, promptly address any issues, and ensure the smooth and successful completion of the audit process. ◆ ◆ ◆ ◆ Over the course of the three-day audit, the team rigorously assessed the operation of the “four-in-one” management system across the company’s management level, functional departments, production workshops, work teams, and project offices, in accordance with OHSAS 18001 Occupational Health and Safety Management System, ISO 9001 Quality Management System, ISO 14001 Environmental Management System, GB/T 50430 Code for Quality Management of Construction Enterprises, relevant national laws and regulations, and the company’s own management system documents. Particular attention was paid to document control, the implementation of departmental responsibilities, internal audits and management reviews, customer satisfaction measurements, and the overall execution of company management tasks. The audit team provided highly favorable evaluations of the findings and issued one nonconformity each to the Steel Structure Manufacturing Department and the Multi‑Storey Car Park Project Department. ◆ ◆ ◆ ◆ During this surveillance audit, the audit team offered valuable suggestions and recommendations—viewed from a certification perspective—regarding improvements needed in the steel structure manufacturing process and the management of the multi‑storey car park project. Our Chairman, Jiang Jinlong, and Management Representative, Chen Jian, sincerely thanked the auditors for their insightful observations and instructed all departments to develop concrete action plans to promptly address and effectively resolve the issues identified during the audit, thereby preventing recurrence and ensuring the continued sound operation of the “four-in-one” management system. ◆ ◆ ◆ ◆ The successful completion of the 2017 “four-in-one” surveillance audit does not signify a relaxation of management efforts. Moving forward, the company will continue to conduct thorough internal audits, incorporate external audit recommendations, and further enhance its management system. In strict alignment with the work directives of Group Chairman Chen Bailiang, we will pursue steady transformation, upgrading, and structural adjustments to achieve sustainable growth, focusing on specialization, refinement, and strengthening, with the goal of establishing Yuegong as a leading small giant in the steel structure niche market.
A friendly visiting delegation from Fujiyoshida City, Japan, paid a visit to our company.
Previous episode: This year marks the 20th anniversary of the sister-city relationship between Shaoxing City and Fujinomiya City. Led by Mayor Hidechika Sudo, a Japanese delegation from Fujinomiya visited Shaoxing on November 14–15, engaging in exchanges and study sessions with the Shaoxing Municipal Government, the Friendship Association, and various civic organizations, thereby advancing the friendly ties between the two cities and strengthening mutual friendship. On the afternoon of November 14, 2017, Mayor Hidechika Sudo of Fujinomiya, accompanied by Yu Ping, Deputy Director of the Foreign Affairs Office of Shaoxing, and Pan Yaying, Deputy Director of the Exchange Division, paid a visit to the Zhejiang headquarters of Yuegong Group. The group was warmly received by Chairman Chen Bailiang and President Ren Qiliang, along with other senior leaders. In the conference room of the Group’s machinery division, Chairman Chen Bailiang provided the Japanese delegation with a brief overview of Yuegong Group’s background, sharing his personal reflections and experiences during the process of establishing diplomatic relations between the two cities. He vividly recalled how, 26 years ago, he had been warmly welcomed and supported by his friends in Fujinomiya while studying and exchanging ideas in Japan. He also expressed deep gratitude for the technical expertise and invaluable experience generously shared by Japanese shareholders when Yuegong was first founded. In turn, Mayor Hidechika Sudo addressed the gathering, noting that Yuegong’s growth stands as a testament to the strong bond and profound friendship between Shaoxing and Fujinomiya. Over the past two decades, the two cities have engaged in extensive and fruitful exchanges and cooperation. He expressed great satisfaction at seeing enterprises like Yuegong evolve and thrive through transformation and upgrading, and hoped that both localities would take this 20th anniversary as a new starting point to further deepen their interactions and collaboration, thus propelling their friendly relations to even greater heights. Following the talks, the Group’s leadership posed for a commemorative photo with the distinguished guests, capturing this rare and meaningful encounter. Postscript: Twenty-six years ago, Chairman Chen traveled to Fujinomiya for training and subsequently encouraged four prominent Japanese companies—Nakazato Electroplating, Yagi Steel, Meiwa Industries, and Katsuyama Industries—to invest in China, bringing advanced steel‑structure technology to Shaoxing. From initial economic exchanges to people-to-people friendships and cultural interactions, and ultimately to the formal establishment of a sister-city relationship, Yuegong has played a pivotal role as a bridge connecting Shaoxing and Fujinomiya.
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