The Group posted steady and progressive results in the first quarter.

Release Date:

2014-04-23 22:25

— Yuegong Group Held a First-Quarter Economic Performance Review Meeting

On April 10, 2014, the Group convened its first-quarter economic performance review meeting. The message conveyed at the meeting was that, throughout the quarter, the entire organization demonstrated unity, morale, and strong momentum, pressing forward under considerable pressure with proactive and effective efforts, achieving steady progress—some results even remarkably encouraging—and essentially securing a strong start to the year.

Each company is striving to reach new heights.

Zhejiang Company’s contract value, sales revenue, and production volume all significantly exceeded last year’s levels across the board.

In the first quarter, Shandong Company’s contracted value increased by 105.4% year over year.

The machinery company reported a 48.6% increase in sales of automated parking systems, a 28.1% rise in contract value, and an 82.2% jump in sales revenue.

In the first quarter, the chemical company’s production of green‑oriented products exceeded expectations, with output and sales accounting for one-third of the annual target.

With the support of the Kaifeng municipal government and relevant departments, the real estate company is steadily advancing all Phase II projects while vigorously streamlining its organizational structure to reduce headcount and enhance efficiency.

In the first quarter, the design institute placed great emphasis on recruiting and developing talent, as well as defining clear career paths for each designer, and we are confident that this will lead to even greater momentum in the next phase of work.

The group sets targets, establishes mechanisms, and ensures a strong start.

In the first quarter, the Group Corporation formulated, decomposed, and implemented its annual economic targets and tasks; introduced new performance‑evaluation and incentive mechanisms; strengthened research and guidance for each subsidiary; and urged all companies to rise to the challenge and make every effort to secure a strong start.

At the meeting, Group President Ren Qiliang set forth the work directive of “bolstering confidence, pressing ahead with renewed vigor, and acting decisively,” urging all subsidiaries to press on with even greater effort, approach their tasks with a stronger sense of commitment, focus on their respective priorities, prioritize action, overcome challenges, and strive to achieve more than half of their targets by the time the second quarter is halfway through.

Meeting venue

Visits and exchanges jointly promote development.

The Party-building Work Conference of the Shaoxing Municipal State-owned Assets System for Industry and Trade was held at our company.

Visits and exchanges jointly promote development.

The Party-building Work Conference of the Shaoxing Municipal State-owned Assets System for Industry and Trade was held at our company.