Director Lin Shu of the Shaoxing Municipal Construction Administration and his delegation paid a visit to our company to conduct a work inspection.

Release Date:

2015-08-10 17:34

On the afternoon of August 5, Lin Shu, Director of the Shaoxing Municipal Construction Administration; Tu Yude, Director of the Municipal Engineering Bidding Office; and Pan Huan, Deputy Director of the Office, paid a visit to our company to conduct a research and guidance tour.

During the field visit, Group President Ren Qiliang briefed Director Lin and his delegation on how, despite mounting downward pressure on the macroeconomy and widespread operational challenges faced by many peer companies, our firm has maintained overall stability and continued to make progress amid adversity, achieving several notable new milestones:

First, the product mix of steel structures has been further adjusted and optimized. The proportion of heavy‑steel products has increased significantly; since the establishment of the heavy‑steel workshop in 2013, the share of heavy‑steel output has risen year after year. In 2014, heavy steel accounted for 29.2% of total production, and by the first half of 2015, this share had climbed to 50.7%, enabling the company to undertake complex heavy‑steel projects and expand into the field of spatial structures.

Second, the quality of contracted projects and the sophistication of our product offerings have both improved further. With the implementation of several technological upgrades and adjustments to our product mix, the company expanded its scope of work in the first half of 2015, with a marked elevation in project standards. Orders were successively secured for such projects as the solar‑industry membrane‑structure truss in Japan, the DiDang Lake No. 1 Bridge, the Huqiao at Paojiang Two Lakes Park, and the gymnasium at Dejiang No. 1 Middle School in Guizhou.

Third, the automated parking‑garage business has grown rapidly. After several years of development, automated parking systems have begun to gain momentum; in the first half of 2015, the number of orders, production volume, contract value, and sales revenue all increased by more than 50%, reaching record highs.

Fourth, the company has actively pursued applications for general contracting qualifications. Seizing the favorable opportunity presented by the Ministry of Construction’s launch of the second batch of pilot programs for steel‑structure enterprises to obtain general contracting licenses, the company has further aligned itself with the Ministry’s qualification standards and, using the application for a Level‑1 general contracting license as a catalyst, is driving its transformation and upgrading.

The president also briefed Director Lin and his delegation on the group’s preliminary plans to integrate and restructure its steel‑structure business, with the goal of listing on the New Third Board, pursue asset securitization, and broaden the company’s avenues for survival and growth.

Director Lin Shu fully commended the company’s performance in the first half of the year, noting that the key to an enterprise’s growth lies in its people. He emphasized that Yuegong has achieved more than two decades of steady progress precisely because its management team—led by Chairman Chen—is both enlightened and upright, working tirelessly to drive the company forward; this is the company’s greatest asset. Today, the construction industry is undergoing a major reshuffle, and for mid-sized enterprises like Yuegong, the pressing challenge is how to survive, transform, and grow. Steel‑structure construction, as an environmentally friendly and sustainable building approach, holds promising prospects. With a solid foundation, robust systems, and disciplined, professional management, Yuegong is a well‑established, capable specialist in steel‑structure fabrication. Although the current economic outlook remains uncertain, he expressed confidence that, by confronting market conditions with sound judgment and maintaining unwavering optimism, the company can expand its reach and capture market share through high‑quality products. So, how can Yuegong develop superior products and turn them into a new competitive edge? As the traditional construction sector gradually moves toward modernization—examples include Jingong’s integrated steel‑structure buildings and Baoye’s precast concrete (PC) panel‑based prefabricated housing systems—obtaining certifications such as “Building Industry Modernization” will enhance the technological content of construction products and serve as the golden key for construction firms to unlock the door to market competition in the years ahead.

Director Lin Zhu suggested that Yuegong should seize the momentum, explore new avenues, and, in light of its specific circumstances, obtain certification for the modernization of the construction industry—its flagship sector—thereby gaining a competitive edge and achieving a significant leap forward. Regarding Yuegong’s next-phase objectives—listing on the New Third Board and upgrading to general contracting qualifications—he emphasized that asset securitization is an effective means of elevating the company to standardized management, while general contracting credentials represent a valuable opportunity for specialized construction firms to transform and upgrade. The Municipal Construction Management Bureau will provide full support, working hand-in-hand with the company to address challenges and guide it toward its goals. He expressed hope that Yuegong will continue to press ahead and enjoy sustained growth.

Chen Bailiang, Chairman of the Group’s Board of Directors, on behalf of the company, expressed gratitude to the Shaoxing Municipal Construction Administration for its years of care and support. He noted that Director Lin’s recommendations have provided valuable insights, offering us the latest policy updates and strategic guidance—key directions for our future work. Despite the current market downturn and intense competition, all employees at Yuegong remain united and energized, fully confident in sustaining the company’s steady growth. We will summon our utmost determination and exert every effort to overcome these challenges and achieve new successes.

The photo shows Director Lin Shu (center) delivering remarks at the research symposium.

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High-temperature care reaches the front lines, and waves of cool relief flow into the heart.