News Details
Review and Summarize to Identify Gaps, Re-Anchor Goals and Redouble Efforts | Zhongxin Fluoromaterials’ 2024 First-Half Business Work Conference
Release time:
2024-08-19
To comprehensively review the company’s operational and management performance for the first half of the year, summarize experiences, identify gaps, formulate targeted measures, analyze and assess the current development situation, and strategically plan and deploy key tasks for the second half of the year—while staying firmly focused on our goals and making every effort to achieve the company’s annual targets and tasks—on August 16, Zhongxin Fluoromaterials convened a meeting to summarize its first-half 2024 operations and lay out plans for the second half. The meeting was attended by the company’s senior management team, heads of various production bases and relevant functional departments, as well as selected managers.
02 Semi-Annual Reporting Work
At the meeting, the persons in charge of various production bases and functional departments gave detailed reports on the progress made in key tasks during the first half of the year, the advancement of priority projects, existing problems, proposed solutions, as well as plans for the second half of the year and specific key initiatives.
Base Report
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Drawing on the past to understand the future and forging ahead through practical action—gazing at the past, analyzing our achievements and shortcomings, planning for the future, and defining our direction! The heads of the company’s Zhejiang Base, Fujian Base, Jiangxi Base, and Mineral Resources Division conducted a thorough review and in-depth analysis of their work in the first half of the year, covering production and operations, project construction, technological upgrades and innovation, as well as cost reduction and efficiency enhancement. They have also formulated detailed operational plans for the second half of the year, clearly outlining management priorities and implementation strategies. Focusing on achieving the annual targets, each base will take performance assessment as the core driving force, break down business indicators, boost team morale, and go all out to turn losses into profits.
Functional Reporting
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Strengthening the foundation and empowering ourselves—focusing relentlessly on daily tasks while never forgetting our origins! The heads of various functional departments—including the Corporate Finance Management Center, the Industry Research Institute, the Marketing Center, the Major Project Office, and the Human Resources Center—systematically reviewed their work achievements in the first half of the year and put forward rational suggestions to address existing management challenges. They also further clarified the management objectives and key tasks for the second half of the year. By reinforcing our foundations, enhancing our capabilities, optimizing internal operations, and improving the efficiency of resource integration and team collaboration, we will continue to drive further improvements in operational performance.
General Manager's Report
Focusing our hearts and pooling our strengths to strategize and overcome challenges—our thinking determines our way forward, and our direction sets our aspirations high! General Manager Wang Chao began by reporting on the Group’s overall operational management performance for the first half of the year. He focused particularly on a straightforward analysis of the company’s first-half business results and market conditions, comparing key data such as operational metrics, production capacity, sales volume, and pricing. He also provided a comprehensive summary of the progress made by each of the company’s bases and departments in their key areas of work, including project construction, product marketing, technological R&D, safe production, financial operations, human resources, and cultural development.
03 Next-phase work deployment
To effectively achieve the company’s annual overall goals, General Manager Wang Chao has laid out key priorities for the second half of the year, taking into account the company’s current overall operational situation. The focus is on specific plans and arrangements for advancing new projects, upgrading and transforming existing projects, expanding market reach, ensuring adequate funding, and managing cost-effectiveness. All departments and bases are required to work closely together, maximizing revenue streams while reducing expenditures, cutting costs, and boosting efficiency, thereby jointly addressing the current challenging market conditions. By effectively integrating technological and market resources, we will shift our mindset, enhance work quality, and remain highly focused on the overarching business strategy of “stabilizing operations, reducing costs, and increasing efficiency.” We must ensure that every task is meticulously planned and thoroughly executed, using concrete actions to steadily drive forward all aspects of the company’s operations.
At the conclusion of the meeting, Chairman Xu Jianguo delivered a concluding speech.
No. 1 Chairman emphasized that the company is currently facing pressure and challenges from competitors and shifting market demands. To secure a foothold in the fiercely competitive market, we must fully understand the situation, build confidence, boost our morale, maintain a high level of vigilance and foresight, closely monitor market trends, and proactively prepare for potential future developments.
NO.2 The Chairman’s requirements are as follows: First, there must be breakthroughs in cost reduction and efficiency improvement. We should acknowledge the achievements made in the first half of the year, and all bases should learn from each other, continue to push forward, and ensure that cost-reduction and efficiency-improvement efforts are subject to performance evaluation. Second, project construction must achieve breakthroughs. Based on the current market conditions, the company needs to adjust its project layout; for projects undergoing such adjustments, we must accelerate construction and implement rigorous performance evaluations. Third, technological upgrades must yield breakthroughs. Each base is required to identify specific technological upgrade projects for the second half of the year and include them in the second-half-year performance assessment. At the same time, the Industry Research Institute is tasked with providing strong support to all bases in carrying out these technological upgrade projects. Fourth, market development must achieve breakthroughs. We should seek to strengthen cooperation with major domestic and international enterprises, bolster our sales team, fully leverage existing company sales incentive programs to motivate all employees, and at the same time, the procurement department must closely monitor changes in the raw materials market.
No. 3: The Chairman hopes that all departments and bases, under the leadership of the company’s Board of Directors and Executive Committee, will demonstrate the determination and courage to boldly break through their own limitations, view difficulties and challenges as opportunities for development, and embrace a strong sense of responsibility and mission. With unity and full commitment from top to bottom, everyone should devote themselves wholeheartedly to the tasks ahead in the second half of the year and strive to achieve the year-end goal of turning losses into profits.
Courageous on the journey, forging ahead with determination! Looking back at the first half of the year, the complexity of the global economic situation and the uncertainty of the market environment have posed a serious challenge for all businesses. Yet, it is precisely during these difficult times that a company’s resilience and wisdom are put to the ultimate test. Looking ahead to the second half of the year, we at Zhongxin will remain down-to-earth, stay focused on our core business, and strive to enhance our management standards and operational quality. At the same time, the company will implement a variety of measures to consolidate our product share in both domestic and international markets, solidify our development foundation, drive growth through innovation, deliver high-quality services and products, and lead and meet our customers’ evolving needs, thus achieving multi-level, high-standard development.
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