Chairman Chen and President Ren of the Group visited the chemical company to provide guidance.
Release Date:
2012-11-19 08:44
On the morning of November 11, Chairman Chen Bailiang and President Ren Qiliang of the Group’s Board of Directors visited Kaifeng Yuegong Chemical Company to provide guidance. Accompanied by company leaders Yu Shan, Li Hanping, and Tang Xueren, they inspected the production facilities, inquired in detail about the quality, output, and safety conditions of products such as Yuegreen, fumaric acid, and sodium sulfite, and also toured the preparatory site for a small-scale chemical‑product manufacturing project jointly developed by Yuegong Chemical and Shanghai Yukang Biotechnology Co., Ltd.
Following the on-site inspection, Chairman Chen and President Ren listened to a briefing from the chemical company’s leadership and outlined requirements for the company’s next steps.
Chairman Chen pointed out that the chemical company is currently facing extremely difficult circumstances. However, the leadership team remains united, production and safety conditions are relatively stable, employee morale is high, and the company has managed to reduce its losses to some extent each year, making steady progress. To turn a profit, though, the key lies in having a strong, market‑driven product to underpin operations; therefore, the company must promptly identify a promising product with robust profitability to reverse its current situation. Chairman Chen also offered preliminary guidance on two new products currently under evaluation.
Regarding new product development and the acceptance of technology transfers, President Ren offered several recommendations: First, products should feature high technological content and minimal environmental impact, ideally falling within categories encouraged by the state. Second, transfer rights for products or technologies should be exclusive, with strict restrictions on any further sub‑licensing by the transferring party. Third, identify promising market opportunities and pursue mutually beneficial partnerships; even when negotiating a transfer, the other party may impose stringent terms, but as long as the product is of high quality, enterprises should boldly engage in collaboration to achieve win‑win outcomes.
Finally, Chairman Chen and President Ren urged the leadership of the chemical company to remain confident, face challenges head-on, intensify research and market analysis, promptly identify promising products, and strive to turn losses into profits by next year.
The leadership of the chemical company also stated that, in strict accordance with the directives of Chairman Chen and President Ren, they will promptly identify a viable product to help the chemical company emerge from its difficulties at the earliest possible date and contribute to the group.
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