Leaders of the Ren Qiliang Group conducted a research visit to Kaifeng Chemical and the Real Estate Company.

Release Date:

2014-08-06 14:44

On August 1, Ren Qiliang, President of the Group; Jiang Jinlong, Executive Vice President; and Chen Jian, Director of the Group Office and Head of the Corporate Management Department, visited Yuangong Chemical and Yuezhong Real Estate in Kaifeng, Henan, to conduct on-site inspections and provide guidance.

At Yuegong Chemical, the president and his delegation, accompanied by company leaders Yu Shan and Li Hanping, conducted an on-site visit to the production facilities, extended greetings to frontline workers, and thoroughly inquired about the production status, product quality, and inventory levels of products such as Yuegreen and fumaric acid. They also inspected the wastewater treatment system and assessed the preparations for environmental compliance acceptance.

Following the on-site production survey, the leadership of the chemical company briefed President Ren and his delegation on the company’s production and operational performance from January to July, as well as progress toward its annual targets; they also conveyed and discussed the key directives from the Group’s semi-annual economic performance review meeting, and analyzed the current production status and future prospects of the company’s various product lines.

After hearing the briefing, President Ren expressed his appreciation for the robust growth in both production and sales of Yue Lv’s products, commended the progress made in reducing inventory and accelerating cash recovery for fumaric acid, and offered specific, actionable recommendations on collaborative initiatives involving other product lines. President Jiang then underscored that chemical projects must enable the company to independently control core technologies and sales channels, while emphasizing the need for diverse and flexible partnership models. Only by doing so can the company maintain strategic initiative and ensure the success of its collaborative ventures.

At Yuezhong Real Estate, President Ren and his delegation first inspected the construction sites of Phase I and the pile‑foundation works for Phase II of the Yuegong Jingyuan residential complex. Subsequently, Lou Zugen, General Manager of the real estate company, briefed President Ren and his team on the company’s special working meeting, during which they studied the spirit of the Group’s semi‑annual economic performance analysis conference as well as the remarks delivered by Chairman Chen and President Ren. The meeting also featured a thorough discussion of plans for the second half of the year and measures to ensure their effective implementation, with the guiding principle of “firm confidence, pressing forward in the face of challenges, and rising to the test” adopted for the period ahead. In addition, Mr. Lou reported on matters related to the land‑use conversion procedures and the construction schedule for the Phase II project.

President Ren expressed his appreciation for the progress of these initiatives, while noting that, to date, all previously unresolved issues related to the second phase of the Yuegong Jingyuan project have been resolved. Moving forward, it is essential to closely monitor the approval processes with government authorities, adjust plans flexibly in line with the schedule, and carefully yet proactively determine the timeline for commencing construction. It is imperative to make up for lost time in the upcoming phases by accelerating progress and seizing every opportunity to catch up. The Group will promptly prepare the necessary funding and other resources to support the real estate company’s financial needs. At the same time, work on the settlement and auditing of the first-phase project must be expedited.

After listening to the report, President Jiang noted that the real estate company, under the leadership of General Manager Lou, has carried out a series of initiatives that have yielded significant results, demonstrating a comprehensive approach to problem‑solving, and commended its recent performance. He also urged the company to expedite preparatory work for Phase II of the project and, in light of the current real estate market conditions, promptly initiate research, organization, and planning for property sales, with the aim of bringing the entire Yuegong Jingyuan project to a successful conclusion.

Finally, Mr. Lou, General Manager of the real estate company, stated that the company will earnestly implement the Group’s directives, proactively adopt effective measures, and work with full commitment to accelerate progress, striving to commence Phase II of the project at the earliest possible date and deliver a satisfactory outcome to the Group.

Group leaders inspect the chemical company.

Group leaders inspected the Phase I construction site of Yuegong Jingyuan.

President Fu Jinrong of the Shaoxing Branch of the Agricultural Bank of China and his delegation paid a visit to Yuegong Group for an inspection.

Executive Vice Mayor Chen Yue-liang and his delegation visited Yuegong Group to conduct a research visit and provide guidance.

President Fu Jinrong of the Shaoxing Branch of the Agricultural Bank of China and his delegation paid a visit to Yuegong Group for an inspection.

Executive Vice Mayor Chen Yue-liang and his delegation visited Yuegong Group to conduct a research visit and provide guidance.