Strengthen quarterly objectives; drive development through innovation.

Release Date:

2017-04-11 13:36

— The Yuegong Group’s first-quarter economic performance analysis meeting was held in Shandong.

The Yuegong Group’s Q1 2017 Economic Performance Analysis Meeting was held on April 9 in Pingyin, Shandong. A total of 28 participants attended, including group executives, heads of key departmental divisions, general managers of each subsidiary, and core management teams.

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This quarterly meeting was held under the theme “Strengthening Quarterly Objectives and Driving Development through Innovation.” During the session, the general managers of each subsidiary presented summaries of their first-quarter performance and outlined their second-quarter goals, followed by a lively exchange of views. Meanwhile, the Group’s various departments reported on their work along respective functional lines and engaged in clarifications and discussions with the subsidiaries on related issues. President Ren Qiliang of the Group delivered an assessment of the first quarter’s achievements and set forth the key priorities for the second quarter, while Chairman Chen Bailiang of the Board of Directors offered a concluding address. At present, Yuegong is at a critical juncture of reform, innovation, and transformation and upgrading. The convening of this meeting has played a positive role in facilitating information sharing, exchanging best practices, aligning thinking, bolstering morale, and inspiring renewed momentum.

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In his address, President Ren commended the hard work and progress of all subsidiaries and corporate departments, noting that first-quarter performance was characterized by “stable operations and positive momentum.” He also highlighted four areas of concern, urging everyone to align their thinking, clearly understand the current situation, and make thorough preparations and build up the necessary capabilities for reform, innovation, and transformation and upgrading. He encouraged all to adopt a long-term perspective and, in conjunction with the Group’s “Innovation and Excellence” initiative and “Safety and Quality Month,” to enhance both individual and team learning and management skills, accelerate personal and organizational growth, and thereby support the company’s strategic transformation. At the same time, President Ren set forth five specific requirements for the second quarter, calling on everyone to seize this new starting point, to dare to think, to act, and to embrace change—while pressing forward with determination to break through barriers and achieve the goal of completing half of the quarter’s tasks by mid‑quarter.

Finally, Chairman Chen expressed his satisfaction with the progress made across all areas of work during the first quarter. He also outlined the core priorities and key elements of the Group’s reform, innovation, and transformation‑and‑upgrading initiatives, and set forth three major strategic objectives to be achieved within the next five years. In light of the current market challenges, he urged us to recognize the opportunities they present, to remain undaunted in the face of adversity, to maintain unwavering confidence, and to persevere with a mindset of incremental improvement each day—continuously learning, pushing beyond our limits, and ensuring the successful implementation of the Group’s development strategy as we strive toward the goal of becoming a “small giant” in the steel‑structure niche sector.

2017 On the morning of April 9, all participants in the Group’s first-quarter economic performance review meeting, accompanied by Luo Yinchang, General Manager of the Shandong Company, Chen Kuanli, Assistant to the General Manager, and Luo Xingchang, Manager of the Engineering Department, visited and studied the CJ (Liaocheng) Frozen Foods Project site.

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The Xijie Project is a key annual initiative of the Liaocheng Municipal Government in Shandong Province and also the first EPC project undertaken by Yuegong Steel Structure in the region. Located in the Liaocheng Economic and Technological Development Zone, the project covers a total floor area of 26,802 square meters and comprises a comprehensive production building, material storage facilities, a pump house, a gatehouse, and other production‑related and auxiliary structures. The total investment amounts to RMB 169.0177 million. Construction officially commenced on February 12, 2017, with an overall construction period of 160 days. To establish the “Yuegong Quality” brand, the project management team, led by Luo Yinchang, has remained firmly focused on the project’s objectives of “high quality, excellence, and efficiency.” Drawing on the experience and best practices of leading EPC contractors, the team launched a series of themed activities centered on “competing in quality to achieve excellence, competing in safety for civilized construction, and competing in efficiency to meet schedule milestones.” These initiatives effectively united the workforce, boosted the enthusiasm of frontline workers, and strengthened the management of safety, quality, and progress, fostering a positive atmosphere of “benchmarking, learning, catching up, and surpassing” that accelerated project delivery. Following a review of the project’s construction organization and current site conditions, President Ren Qiliang commended the team’s performance in the previous phase and urged all members to maintain vigilance and redouble their efforts. While ensuring site safety, he emphasized the need to fully commit to meeting scheduled milestones, thereby satisfying the owner and reassuring the supervisory team. Furthermore, he called for documenting and standardizing the project’s experiences in civilized construction and safety‑quality management, creating replicable best practices to serve as exemplary models.

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After the tour, everyone headed in the afternoon to Dongchang Lake, a renowned scenic spot in Liaocheng, where they enjoyed some well-deserved relaxation. As they strolled through the picturesque views and shared laughter, it felt as though their bonds had grown even stronger. This economic operations analysis meeting marks yet another fresh start; we can already envision a scene of everyone rolling up their sleeves and energetically pressing ahead in 2017. Let’s wait and see what lies ahead!

In close alignment with the deployment of the “Safety and Quality Month” campaign, we will earnestly implement the “Safety and Quality Month” initiative.

Conduct contingency plan drills to enhance emergency response capabilities.

In close alignment with the deployment of the “Safety and Quality Month” campaign, we will earnestly implement the “Safety and Quality Month” initiative.

Conduct contingency plan drills to enhance emergency response capabilities.