Management innovation introduces another new initiative.
Management Innovation Introduces Another New Initiative Over the past few years, Zhejiang Company has achieved significant improvements in both the quality and quantity of its self‑operated engineering projects, with new projects commencing annually. However, due to various factors, numerous issues persist across key stages—including product design, component fabrication, quality management, and on‑site installation—and internal coordination also faces certain challenges. These shortcomings have resulted in lower customer satisfaction and economic performance that falls short of expectations, thereby imposing constraints on the company’s growth. To address these problems, we conducted a thorough internal analysis and research. Guided by Chairman Chen’s remarks at the Group’s 2017 Work Conference—“Innovate for Development, Pursue Efficiency While Mitigating Risks”—we reaffirmed our commitment to reform and innovation, as well as to transformation and upgrading, making efficiency and profitability the primary focus for this year. Following extensive deliberations, Zhejiang Company recently introduced a new internal management initiative: implementing an internal engineering contracting model for its self‑operated projects. By broadly encouraging and mobilizing employees to actively participate in this internal contracting system, we have established a shareholding‑based operational framework centered around individual project units. Under this arrangement, risks are shared proportionally to each investor’s contribution, while profits are distributed accordingly. This shift transforms employees from mere “workers” into “shareholders,” closely aligning their personal interests with those of the company and fostering a spirit of mutual progress and shared responsibility. To ensure effective implementation of this plan, under the meticulous organization and coordination of General Manager Hua, we first conducted extensive consultations within the company, carefully soliciting opinions and suggestions from all stakeholders. Based on these inputs, we formulated the “Detailed Rules for Evaluating Internal Engineering Contracts on Self‑Operated Projects,” clearly defining the rights, responsibilities, and benefits of investors. As an initial step, personnel at the assistant manager level and above were invited to participate in equity‑based contracting, while other employees were also welcome to contribute. Contribution amounts were determined according to job roles and positions. Department heads then launched comprehensive campaigns within their respective teams, receiving overwhelmingly positive responses from staff. On February 25, a brief signing ceremony was held in the company conference room, attended by all managerial personnel. General Manager Hua reiterated the objectives and significance of the initiative, and participants expressed clear understanding and strong support. With only a few exceptions, everyone signed the investment commitment forms. In this round of contributions, the Engineering Department stood out for its meticulous planning and effective mobilization efforts, resulting in enthusiastic participation from all its members. Similarly, some employees from the Marketing and Business Departments voluntarily joined the initiative. Based on actual operational needs, the pilot program will initially be rolled out on three self‑operated projects—the Huaruida Project, the Supor Project, and the Ningbo Suning Project—with a total initial investment exceeding RMB 150,000. To date, several employees have already committed funds. We sincerely hope that this innovative management approach will further motivate and unlock the sense of responsibility and enthusiasm of all employees. By embracing a true owner‑mindset, they will work diligently in their respective roles, advancing and growing alongside the company, ultimately achieving a win‑win outcome for both the enterprise and its individuals.
Uphold discipline, deliver results—being qualified is an ongoing journey.
— Brief Report on the Shandong Yuegong Party Branch’s General Meeting of All Party Members In response to the arrangements and directives issued by the Organization Department of the CPC Central Committee and higher-level party committees, the Shandong Company Party Branch convened a special meeting for all party members on the afternoon of March 10. All eleven members of the branch attended, with the meeting chaired by Comrade Luo Xingchang, a member of the branch committee. At the outset, Comrade Luo Xingchang, a member of the branch committee, conveyed the spirit of the Pingyin County Industrial Park Party Committee regarding the organization of “special organizational life meetings and democratic evaluations of party members.” Subsequently, Comrade Luo Yinchang, the branch secretary, led all attendees in a thorough study of the “Notice from the Organization Department of the CPC Central Committee on Holding Special Organizational Life Meetings and Conducting Democratic Evaluations of Party Members during the ‘Two Studies, One Action’ Learning Campaign.” The branch leadership team then conducted a self-examination and mutual review. Comrades Luo Xingchang, Chen Kuanli, along with other participating party members, engaged in candid criticism and self-criticism. With a calm and constructive attitude, and guided by the principle of helping one another, they communicated openly and sincerely, achieving positive results. The meeting used the “Four Emphases and Four Qualities” (emphasizing political awareness and having conviction; observing rules and maintaining discipline; upholding morality and cultivating good conduct; dedicating oneself and taking action) as its benchmark, identifying gaps and shortcomings among each party member in terms of political integrity, disciplinary compliance, moral character, and effectiveness in fulfilling their roles. Through democratic evaluation, the meeting selected outstanding, qualified, basically qualified, and unqualified party members. Of the eleven members evaluated, two were recognized as outstanding, nine were rated as qualified, and no members were classified as basically qualified or unqualified. Finally, Secretary Luo Yinchang emphasized that all party members should set an exemplary and leading example, remain steadfast in confidence, surmount difficulties, take the lead in times of change, and forge ahead with determination, thereby making greater contributions to the company’s steady development.
Healthy living, brisk walking—step by step; delicious meals, happiness that transcends the palace.
——A Report on the Yuegong Women’s Day Celebration In March, as spring gently unfolds and all things begin to bloom, we welcome the annual International Women’s Day. To demonstrate the company’s special care for its female employees, allow them to enjoy a truly unique celebration of their own, enrich their leisure time, showcase their healthy, positive, and energetic spirit, and strengthen team cohesion, Yuegong Group organized a themed event titled “Be Our Best, Keep the Beauty Alive” at the picturesque Qianqiancha Lake on the morning of March 4. The celebration featured two main activities: a scenic lakeside walk around Qianqiancha Lake and a culinary competition highlighting the creativity and skills of Yuegong’s women employees. With the signal “Let’s begin” from Jiang Jinlong, Chairman of the Group’s Trade Union, the event officially kicked off. Participants moved forward with high spirits, in an orderly and harmonious manner, savoring the unique charm of Qianqiancha Lake—the largest natural freshwater lake in Shaoxing. Although the route spanned roughly five kilometers, everyone remained energized, chatting and laughing along the way. What was originally expected to take at least an hour and a half was completed in about one hour. Immediately following the lakeside walk, the culinary competition commenced at the Bitang Farmhouse by Qianqiancha Lake. Female employees from various departments and positions formed nine teams, each showcasing their culinary talents. Some wielded knives, skillfully slicing, carving, and chopping; others deftly tossed ingredients in the pan, stirring continuously. The air was filled with the enticing aroma of freshly prepared dishes, and the atmosphere was lively and festive. All participants enjoyed the delicious food together, sharing laughter and joy, bringing the event to a thrilling climax. After fierce competition, Cao Guilan from the Manufacturing Department of the Machinery Company emerged victorious with her signature meatballs. This event not only fostered camaraderie and deepened personal bonds, allowing every female employee to fully experience the joy and happiness of the holiday, but also inspired them to approach their work with renewed enthusiasm and peak performance, thereby significantly boosting Yuegong’s sense of unity, collective spirit, and overall employee satisfaction. The health‑focused activity was initiated by the Group’s Trade Union, with over fifty employees from various companies and departments across Zhejiang participating.
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