Yuegong Group convened its 2023 First-Half Economic Performance Review Meeting and Second-Half Work Advancement Conference.

Release Date:

2023-07-20 16:00

To comprehensively review the first half of the year, assess progress, address challenges, and accelerate implementation, while systematically planning for the second half, the Yuangong Group convened its 2023 First-Half Economic Performance Review and Second-Half Work Advancement Meeting at its headquarters on Paozhong Road on July 15.

Economic Performance Analysis Meeting for the First Half of 2023

At 8:30 a.m., the first-half economic performance review meeting was held on time in the headquarters’ first-floor conference room. The agenda comprised three items: reports and exchanges from each subsidiary and business unit on their first-half economic performance; presentation of the steel structure industry development report; and deployment of work plans for the second half of the year. The meeting was chaired by Group President Ren Qiliang, with attendance from Group leaders including Chairman of the Board Chen Bailiang, senior executives at or above the level of executive deputy general manager from the subsidiaries and business units, heads of all Group departments, and the Secretary of the Group’s Party, Labor, and Youth League Committees.

At the meeting, Zhejiang Company, Shandong Company, the Garage Business Unit, and others reported on their first-half operating performance and their plans for the second half of the year.

Luo Yinchang, Executive Vice President of the Group and Chairman and General Manager of the Zhejiang Company

Chen Kuanli, General Manager of the Shandong Company

Lou Miaojiang, General Manager of the Intelligent Multi‑Level Parking Equipment Division

Following the presentation of work reports from each subsidiary and business unit, Group President Ren Qiliang provided detailed feedback on the content of each report, commending achievements while identifying issues and areas for improvement, and issued specific directives for the Group’s key priorities in the third quarter of 2023.

At the meeting, Luo Yinchang, Executive Vice President of the Group, presented the “China Construction Steel Structure Industry Development Report,” released by the China Association for Metal Structures at the 2023 National Construction Steel Structure Industry Conference. He shared with attendees key information on the latest industry policies, the current landscape and challenges facing the steel structure sector, cutting-edge technologies, new materials and processes, as well as emerging application trends.

2023 Second-Half Work Advancement Meeting

At 1:30 p.m., the Yuegong Group’s work‑advancement meeting for the second half of 2023 was held as scheduled in the fifth‑floor conference room at headquarters. The agenda comprised three parts: a summary address and set of directives delivered by Group President Ren Qiliang; statements from representatives of each subsidiary and business unit outlining their plans for the second half of the year; and a concluding speech by Chairman Chen Bailiang of the Group’s Board of Directors. The meeting was chaired by Executive Vice President Luo Yinchang, with attendance by Group leadership—including Chairman Chen Bailiang—staff from various departments and offices, mid‑level managers from subsidiaries (business units) in the Zhejiang region, and representatives from the Group’s Party, trade union, and Youth League organizations, totaling more than 90 participants. Notably, mid‑level managers from the Shandong company attended remotely via video conference.

01 President Ren Qiliang of the Group delivered a concluding address and set forth requirements.

President Ren delivered a speech, focusing on three key areas: the progress made in achieving first-half performance targets, the major challenges encountered during the first half of the year, and several recommendations and requirements for effectively advancing work in the second half.

Regarding the performance of key indicators in the first half of the year, he noted that the Group’s economic operations remained generally stable during the first six months of 2023, with second-quarter results outperforming the first quarter and demonstrating an upward trend—achievements that deserve recognition. However, while acknowledging these accomplishments, we must also clearly recognize that challenges persist: indicator attainment remains less than encouraging; the Binhai Manufacturing Center has failed to meet its scheduled milestones; the overall morale of the workforce remains low; there are shortcomings in contract‑performance capabilities and customer service; and the broader macroeconomic environment remains severe and complex, with economic recovery falling short of expectations. To address these issues, we must adopt a problem‑oriented approach, identify gaps, and implement robust measures to ensure the effective execution of our work in the second half of the year. With respect to the tasks ahead, President Ren proposed… “Shift Mindsets, Uphold Goals, and Reinvigorate Spirit” Three requirements:

The First “Changing Mindsets” To break free from constraints, broaden our horizons, and challenge ingrained perceptions, we must achieve personal breakthroughs that continuously drive the enterprise forward. We need to shift from adapting to a typical competitive market environment to thriving in an extreme‑competitive landscape; transition from a traditional, reactive approach to a new, proactive model; move from past growth that was arduous and difficult to sustain toward healthier, more sustainable expansion; and evolve from a single‑business, purely offline, self‑reliant, domestic‑market‑focused strategy to one that embraces specialized expertise across multiple sectors, integrates online and offline channels, pursues win‑win collaboration, and actively expands into international markets.

The Second "Protect the Goal" : In 2023, our sole objective is to achieve the annual business targets. For the second half of the year, all our resources, efforts, allocations, and operational plans must be squarely focused on getting closer to, realizing, and even surpassing these goals. From top to bottom, the entire Group must take proactive action—keeping our sights firmly on the target, keeping it at the forefront of our minds, and translating it into concrete actions. We must exhaust every possible solution, marshal all available energy, and press forward with unwavering determination, striving to turn the tide in the second half and deliver growth against the odds.

Third, “Revitalize the Spirit” First, bolstering our spirit stems from a clear understanding of and unwavering confidence in Yuegong. All members of the Yuegong team must maintain a positive mental outlook; in particular, managerial leaders and those in charge should uphold an unshakable belief in success, remain fully confident in the industry, and have complete faith in Yuegong itself. Second, we must consciously raise our standards and benchmark ourselves against world‑class peers. In today’s fiercely competitive market, we reiterate the “Four Thousand Spirit,” calling on everyone to carry forward the pioneering spirit of the first generation of Zhejiang entrepreneurs—enduring hardship, venturing far and wide, and overcoming countless challenges. By coordinating internally and externally, we must unite behind a common goal, ensuring that every project is successfully executed, delivers tangible results, and earns a strong reputation. Third, we must foster and sustain an atmosphere of relentless striving, innovation, and dedication to work and enterprise, while resolutely combating the “low, old, bad” phenomena. “Low” refers to substandard practices; “old” denotes entrenched, long‑standing problems; and “bad” signifies harmful habits. We must prevent “bad money driving out good,” which can undermine the entire team’s ethos, hinder the company’s progress, and erode the overall business climate—thereby cultivating a robust culture of entrepreneurship and achievement at Yuegong and creating a favorable environment for the company’s continued growth.

President Ren calls on all employees of Yuegong to rally their spirits, unite as one, and overcome these challenging times together. He urges them to vigorously carry forward the “Four Thousand Spirit” of Zhejiang’s first generation of private entrepreneurs—never giving up in the face of adversity, stepping forward when duty demands—and to meet every challenge and pressure with a spirit of relentless effort and an indomitable fighting spirit. By harnessing positive energy and forging a steadfast work ethic, they should build on the achievements of the first half of the year, push further, reach new heights, and create strong momentum while delivering fresh, outstanding results.

02 Statements by Representatives of Each Subsidiary (Business Unit)

At the meeting, Chen Kuanli, General Manager of the Shandong Company; Zhang Feng, Engineering Department Manager of the Zhejiang Company; Zhu Weiqing, Manufacturing Department Manager of the Zhejiang Company; Xie Weicheng, Project Leader of the Binhai Manufacturing Center of the Zhejiang Company; Wu Lanlu, Commercial Department Manager of the Zhejiang Company; Hua Chenglong, Director of the Hangzhou Office of the Marketing Department of the Zhejiang Company; Zhang Shaojiong, from the General Contracting Division of the Zhejiang Company; Ding Bingwei, Director of the Detailed Design Institute of the Zhejiang Company; and Lou Miaojiang, General Manager of the Intelligent Automated Parking Equipment Division, each delivered statements outlining their plans for successfully carrying out the work in the second half of 2023.

Closing Remarks by Chairman Chen Bailiang of Group 03

Group Chairman Chen Bailiang, with the theme “ “Unite as one, overcome difficulties, and secure victory for the entire year.” Delivered a concluding address on the theme. In light of the Group’s performance in the first half of the year and the challenging circumstances it faces in the second half, Chairman Chen underscored four key areas:

First and foremost, when confronted with difficulties and challenges, we must remain steadfast in our confidence, ignite our fighting spirit, and forge ahead without hesitation! Despite the challenging macroeconomic environment and intense industry competition in the steel‑structure construction sector, we will never yield. Let us trust in our strength and potential, have confidence in the Yuegong team, and be certain that Yuegong’s products and services will once again lead the way. By maintaining a positive mindset, bravely confronting challenges, and embracing innovation, we will surely find solutions and create new miracles of high‑quality, green development.

Secondly, when facing your goals, give it your all, overcome difficulties, and never give up! The construction of the new Binhai base is sure to be brought to a successful conclusion. In the civil engineering sector, where general contracting qualifications still have room for improvement, we must press forward with determination. The heavy burden of collecting outstanding receivables will surely be lifted, and Shandong Company’s technological upgrading and expansion project will officially get underway. Let us pool our wisdom and strength, formulate practical plans and strategies, and implement effective measures to overcome obstacles. Even in the face of adversity and challenges, we must remain undaunted—instead, we should strive to excel, blaze new trails through mountains and build bridges across rivers, and return in triumph!

Third, as team leaders at all levels, you must lead by example, set the tone, and forge ahead with courage! Bravely engage in the entire process of identifying and resolving problems, setting an exemplary standard for the team. Leverage your leadership to guide the team through challenges and achieve our goals. At the same time, we look forward to every team member fully leveraging their professional expertise and innovative thinking, contributing ideas and efforts to the continued growth of Yuegong. Only by uniting as one and working closely together can we realize the Group’s ambitious objectives for the second half of the year!

Finally, Chairman Chen emphasized the critical importance of teamwork and execution. ! Close collaboration within the team builds its overall strength, which is fully reflected in its execution and combat effectiveness. Let us work closely together, support one another, and forge an invincible iron army! In this team, each of us plays a crucial role; every effort and contribution we make is vital to the group’s development—and we call upon everyone to: As long as all members of the Yue Palace community stand united, collaborate closely, and wholeheartedly put our principles into practice, we will surely overcome all challenges and achieve glorious victory!

Encourage the continuous enhancement of skills, break down departmental silos, and launch a “multi-skilled, one‑role” training model.

Promoting Learning, Training, and Performance Through Competition—The Zhejiang Regional Welding Skills and Overhead Crane Operation Competitions Were Successfully Held.

Encourage the continuous enhancement of skills, break down departmental silos, and launch a “multi-skilled, one‑role” training model.

Promoting Learning, Training, and Performance Through Competition—The Zhejiang Regional Welding Skills and Overhead Crane Operation Competitions Were Successfully Held.