The Yuegong Group’s Q1 2025 Economic Performance Analysis Meeting and the team-building events in Qufu and Zaozhuang have concluded successfully.
Release Date:
2025-04-16 08:05
From April 11 to 13, 2025, the Yuegong Group successfully convened its first-quarter 2025 economic performance review meeting at Shandong Yuegong Steel Components Co., Ltd. in Pingyin, Jinan (hereinafter referred to as “Shandong Company”), and subsequently embarked on a team-building initiative themed “Collaborative Progress, Enhanced Quality and Efficiency; Inspiring Integrity Amidst Lakes and Mountains.” This spring‑time journey—combining strategic planning with cultural enrichment—underscored the Group’s strong support for Shandong Yuegong and recognition of its achievements, while also serving as a collective training exercise. Through immersive experiences such as the ceremonial rites and moral education at Nishan Sacred Realm and a red‑heritage exploration in Taierzhuang, participants forged a shared spiritual compass. As millennia‑old Confucian traditions infuse corporate management wisdom, and the echoes of historic battlefields ignite an indomitable spirit of “living through death,” Yuegong employees, with mountains and waters as their inkstone and the roar of waves as their drumbeat, have erected a steadfast monument to “Quality Yuegong, Happy Yuegong” amid the symphony of history and the present, inspiring them to forge ahead and scale new heights.
Yuegong Group First-Quarter Economic Performance Analysis Meeting
Charting a course for high-quality development, the Five “Strategies of Tenacity” break the deadlock and tackle tough challenges.
Agenda Item 1: Department-to-Department Peer Exchange between Zhejiang Company and Shandong Company
The heads of key departments from the Zhejiang Company and the Shandong Company engaged in an in-depth dialogue centered on the themes of “benchmarking to address shortcomings, resource sharing, and joint technological research.” During the discussions, they also conducted an on-site inspection of the Shandong Company’s Phase III technical upgrade project, gaining a thorough understanding of its technological advancements and production optimization efforts.
Agenda Item 2: Group’s First-Quarter 2025 Economic Performance Review Meeting
Each subsidiary presented and exchanged views on the status of key performance indicators for the first quarter, the salient features of economic performance during the period, the major initiatives undertaken, the principal issues encountered and their underlying causes, as well as the overall approach to advancing work in the second quarter and the specific measures planned. Meanwhile, the Zhejiang Company’s R&D Center delivered a dedicated report on its research and development project related to envelope systems technology. Group leadership conducted a comprehensive review and in-depth analysis of the first-quarter economic performance, fully commended the achievements attained, identified existing problems and shortcomings, and laid out plans for the second-quarter operations.
At the meeting, Group President Ren Qiliang, in light of the current situation, delivered an important address titled “Put ‘Striving’ First: With a Charging Spirit, Turn the Second Quarter into a ‘Season of Tough Battles’ and a ‘Season of Bountiful Harvests.’” In his speech, President Ren reviewed the first-quarter performance from three perspectives—achievement of key targets, notable accomplishments, and the overall work environment—identifying challenges, setting clear directions, highlighting strengths, and urging continued progress. He commended Shandong Company for breaking overseas records with its 13,000‑ton project at Thailand’s Jingding, where, under the coordinated leadership of Executive Vice President and Chairman of Shandong Company, Luo Yinchang, the team overcame a series of hurdles—including cross‑border regulatory standards and insufficient storage capacity—thereby honing its cross‑border operational capabilities and establishing a new benchmark for the Group’s international expansion strategy. Meanwhile, Zhejiang Company’s Binhai Base, after three years of effort, successfully obtained its real‑estate ownership certificate, marking the completion of the largest investment project in Yuegong’s 30‑year history. Notably, the company fulfilled its commitment to “acquire land, commence construction, and begin production all within the same year,” demonstrating remarkable speed and earning a favorable rating in the Binhai New Area’s performance evaluation of investment‑attraction projects. Production at Shandong Company and cash collection at Zhejiang Company were particularly commendable: Shandong’s first‑quarter output surged 152.7% year over year, reaching a record high, while Zhejiang set a monthly record for collections—equivalent to the usual quarterly amount—with first‑quarter receivables up 35.8% compared with the same period last year. President Ren emphasized that, alongside recognizing these achievements, it is equally important to squarely confront existing shortcomings, shore up weak areas, and prioritize addressing outstanding receivables from major long‑outstanding debtors. He concluded by outlining five “strivings”—“striving in business, cost management, collections, safety and quality, and corporate spirit”—to guide the second quarter’s efforts.
Business Integration: Marketing efforts must adopt a multi‑pronged, multi‑faceted, and multi‑cycle approach, with proprietary projects, project‑manager‑led initiatives, processing contracts, overseas ventures, and EPC projects all working in concert to provide strategic support.
Cost Optimization: Achieve end-to-end cost reduction and efficiency gains, rigorously control procurement and labor costs, and advance intelligent management.
Collection Management: Better meet the cash flow needs of daily operations and ensure fund security, particularly for Zhejiang Company, which must break through its receivables bottleneck.
Ensuring Safety and Quality: Deepen the “Safety and Quality Month” campaign to eliminate workplace accidents.
Cultivating a Spirit of Unity: Echo the slogans “We Are Together” and “One Family, One Heart, Working Together, We Will Succeed!” put forward at the Group’s annual work conference, rally collective strength, and continue to deepen the “Innovation and Pioneering” initiative. Managers must lead their teams with fairness and impartiality.
At the conclusion of his address, President Ren urged all members of the Yuegong team to take Chairman Chen Bailiang’s remarks—delivered at the 2025 Work Conference and the 2024 Summary and Awards Ceremony, under the theme “Unite Hearts and Pool Strength to Usher in a New Chapter; Step Forward with Responsibility and Courage”—as a guiding principle for their future work. He emphasized the need to study and thoroughly grasp these principles and translate them into concrete actions. President Ren called on everyone at Yuegong to carry forward the fine practices and spirit demonstrated in the Shaoxing Hotel project, the low‑altitude economy initiative, and the Jingding Precision Technology (Thailand) project, putting “striving” above all else and adopting a proactive, charge‑forward mindset to turn the second quarter into a period of decisive攻坚 and bountiful results, thereby delivering a solid and reliable performance in achieving the year’s goals and tasks.
Team-building activities in Qufu and Zaozhuang
Cultivating the spirit of enterprise through cultural heritage, and forging our original aspirations on the battlefield.
On April 12, representatives attending the Group’s first-quarter meeting traveled to Qufu and Zaozhuang, embarking on a two-day, one-night team-building retreat spanning both cities. This journey of knowledge and action, which bridged Qufu and Zaozhuang, deeply rooted itself in cultural heritage and forged the team’s collective spirit, injecting powerful momentum into Yuegong’s corporate culture.
On the morning of the 12th, the Yuegong team arrived safely at the Ni Mountain Sacred Mirror in Qufu. They performed a respectful bow beneath the 72-meter-tall statue of the Sage on Ni Mountain, the birthplace of Confucius; inscribed excerpts from the “Confucius Family Chronicle” in the Ren Hall of the Great Academy; and experienced traditional rites of propriety at the Jinsheng Yuzhen Square. Through this immersive journey, they gained a profound appreciation for the depth and richness of Confucian culture, deepened their understanding of the cultural essence of “benevolence, righteousness, propriety, wisdom, and trustworthiness,” and came to appreciate the governance wisdom of “governing with virtue.”
At 1:30 p.m., the team, imbued with the cultural DNA of the Nishan Sacred Realm, set off for Taierzhuang. Inside the Taierzhuang Battle Memorial Hall, 6,598 artifacts have been assembled to create a multidimensional classroom of the spirit. Through the seamless integration of historical relics, period photographs, archival documents, and a variety of supplementary exhibits, the hall vividly reenacts the heroic deeds of patriotic soldiers who devoted themselves to their country during the Battle of Taierzhuang, stirring profound emotional resonance and prompting deep reflection. Back then, our forebears defended their positions with flesh and blood; today, we must safeguard our market with data. This spiritual echo that spans 87 years is forging the crimson monument into a strategic code for Yuegong’s business battles.
Tai’erzhuang Ancient Town is not only known as the “Number One Ancient Town in the World,” but it is also one of only two cities worldwide that were destroyed by artillery fire during World War II and subsequently rebuilt as a UNESCO World Heritage Site. During their visit to the ancient town on the second day, the Yuegong team underwent a profound “red‑revolutionary” awakening—a dialogue that transcended time and space, and a spiritual forging that drew strength from history. Standing before the scarred city walls, they came to grasp the indomitable spirit of “living toward death”; from faded family letters, they drew the unwavering conviction that “our mission will surely be accomplished.” As the Group’s President remarked at the first‑quarter economic performance review: “By drawing on the lessons of history to refine our spirit, this trip to Tai’erzhuang has become not merely a traditional historical education in remembrance of our martyrs, but also a refueling station and a powerful catalyst for bolstering our confidence and resolve—uniting us in steadfast pursuit of the bright vision of ‘Quality Yuegong, Happy Yuegong’!”
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