Seeking advice from Spring

Release Date:

2017-04-07 13:28

With willows drooping in silken strands and the earth renewed, March brings a warm spring to the world. On the morning of the 28th, Chen Bailiang, Chairman of the Group’s Board of Directors, paid a visit to the Machinery Company to inspect its operations and provide guidance. Jin Fei, Chairman of the Machinery Company, and Wang Zhongyou, Executive Deputy General Manager, accompanied him on the inspection and presented a detailed report. After touring the office and production facilities, Chairman Chen commended the company’s performance in the first quarter and outlined four key requirements for its future development:

First, we must strengthen talent development and reserves. In addition to actively attracting high-caliber professionals, we need to focus on retaining them by further refining our performance appraisal system—linking compensation to results—and aligning employees’ remuneration with their job performance and efficiency. Through a variety of effective incentive mechanisms, systematic training and learning programs, and engaging employee‑focused activities, we will foster a workplace culture characterized by enthusiasm, drive, and upward momentum.

Second, we must continuously expand the market for Yuegong’s multi‑level parking garages. We will intensify R&D efforts, consistently introduce new models that outpace our competitors and meet evolving market demands, and create new drivers of economic growth. In addition, we will place particular emphasis on boosting dealer enthusiasm and strengthening accounts‑receivable management.

Third, we must shift our mindset and innovate our approaches. In particular, when undertaking technological upgrades, our primary objective should be to enhance production and operational efficiency. When selecting and procuring new equipment, we must avoid making price the sole deciding factor; instead, we should strive to choose the very best—equipment that is high‑quality, highly efficient, and offers excellent value for money.

Fourth, we must show care for our employees and build a “Happy Yuegong.” By fostering a harmonious workplace and meeting employees’ legitimate needs—such as improving the quality of work‑site meals and innovating menu offerings and flavors—we can further enhance their sense of well‑being.

Jin Fei, Chairman of the Machinery Company, provided Chairman Chen with a detailed briefing on the company’s current key projects and the progress in implementing its critical tasks. He stated that the Machinery Company is currently in its start-up phase and actively seeking its strategic positioning. Guided by the Group’s goals of “Quality Excellence” and “Happy Yuangong,” as well as the corporate culture framework of “Passion, Grandeur, Harmony; Carefulness, Collaboration, Proactivity,” the company adopted the value proposition of “Pragmatism, Openness, and Effectiveness” in 2017. This means embracing an open mindset, breaking free from rigid constraints, securing more projects, prioritizing the meticulous follow-up of major undertakings, standardizing internal management, and continuously striving for high efficiency, strong profitability, and innovation grounded in practicality.

Effectively carry out two initiatives to promote two areas of improvement.

Foster team spirit and deliver high-quality projects.

Effectively carry out two initiatives to promote two areas of improvement.

Foster team spirit and deliver high-quality projects.