The Group held its first-quarter economic performance analysis meeting.

Release Date:

2015-04-21 18:58

On April 11, the Group held its first-quarter economic performance review meeting in the third-floor conference room of the Group headquarters. The meeting was chaired by President Ren Qiliang and attended by Chairman of the Board Chen Bailiang, Group executives Jiang Jinlong, Luo Yinchang, Jin Fei, and Tang Genmei, shareholder Zhang Guosheng, as well as the general managers of all subsidiaries and the heads of key departments across the Group.

The meeting was conducted in a format where each subsidiary presented its report, followed by individual commentary from the Group’s leadership. The discussions were thorough, highly targeted, and yielded positive results.

The meeting concluded that, in the first quarter, the entire Group united as one and, in the face of mounting downward economic pressures, actively implemented the spirit of the Group’s annual work conference. By fully leveraging initiative, the Group strengthened its leadership team, stabilized production, boosted order intake, and focused on revenue growth. Overall economic performance remained steady, with mixed trends across key indicators—more improvements than declines. Specifically: Steel‑structure production saw a slight year‑on‑year increase, while sales revenue rose by 11.5%, with Shandong Company posting a 62.6% surge in sales; Sales of parking‑space units for automated parking garages, contract value, and output all expanded, with parking‑space sales up 98.16% and contract value up 109%; The chemical company maintained growth in both production volume and actual sales of its Yuegreen products; For the real estate company, preliminary approval procedures for Phase II of the Yuegongjingyuan project are now largely complete, creating the conditions for full-scale construction to commence; The design institute prioritized the study and application of advanced technologies such as BIM, thereby bolstering its capabilities. However, business volumes at Zhejiang Company, Shandong Company, and the design institute declined markedly, facing severe market constraints to sustained growth; although automated parking‑garage sales surged, profitability failed to keep pace, leaving sales revenue persistently weak; the chemical company remains small and underperforming, with its Yuegreen products unable to sustain the overall business on their own; and the real estate company’s Phase II development has been significantly delayed, particularly as breaking through in residential sales will be no easy task.

Based on the actual performance in the first quarter, the meeting emphasized the need to acknowledge achievements and bolster confidence, while also squarely confronting challenges and finding solutions. The meeting urged all subsidiaries to maintain a clear understanding of the current situation, cultivate a sense of urgency, and, drawing on the insights and recommendations discussed at the meeting, tailor their approaches to their specific circumstances so as to strengthen their capabilities and meet challenges head-on, thereby overcoming difficulties together. With regard to implementing the tasks for the second quarter, it is particularly important at this stage to seize the favorable momentum presented by the wave of project commencements, as well as the opportunities arising from the national Belt and Road Initiative and policies aimed at ensuring stable growth. Responsibilities must be firmly assigned, proactive measures vigorously pursued, and marketing efforts given greater priority, with a focus on securing several promising, large‑scale projects currently under consideration. By achieving breakthroughs in marketing, we can drive overall progress and strive to ensure that, by mid‑year, both time and milestones are on track.

The meeting commended Shandong Company for the significant progress made in undertaking the processing and manufacturing work for the Indonesian project, urging it to press ahead, expedite the subsequent engineering and manufacturing phases, successfully deliver this major export order, and thoroughly document its experience to facilitate knowledge sharing with Zhejiang Company. The meeting also fully recognized the efforts of the Machinery Company in reducing the manufacturing costs of automated parking systems, calling on it to further refine and summarize its cost‑reduction and efficiency‑enhancement initiatives and compile a written report for companywide dissemination. Additionally, the meeting instructed all subsidiaries to attach great importance to the Group-wide “Safety and Quality Month” campaign, ensuring that it is implemented with distinctive features and tangible results. Finally, the meeting reviewed the second-phase residential marketing plan of the Real Estate Company, approved a moderate price reduction, and directed the company to accelerate construction progress, intensify marketing efforts, and make every possible effort to promptly recover funds, thereby achieving the year’s sales targets in full.

The meeting examined the new developments in the reform of construction project contracting methods and concluded that this reform poses challenges to the survival of our specialized steel‑structure contracting firms, while also presenting an opportunity for self‑improvement. We must make every effort to secure a place within the pilot program for Class‑I general contracting qualifications for steel‑structure enterprises. At the same time, we should vigorously strengthen collaboration with general contractors and, together with project managers, explore effective strategies and channels for securing projects, thereby better mitigating the adverse impacts arising from changes in contracting practices.

The second working meeting of the research team for the “Zhejiang Province Steel Structure Thirteenth Five-Year Plan” was held at our company.

Rise to the challenge, foolproof.

The second working meeting of the research team for the “Zhejiang Province Steel Structure Thirteenth Five-Year Plan” was held at our company.

Rise to the challenge, foolproof.