Gather strength and start again - Heavy Machinery Company held the 2020 semi-annual summary meeting

2020 seems to be a troubled year for the world.Epidemics, fires, floods, economic downturn, rising unemployment, military disputes, anti-globalization, Sino-US trade war, modern society has once again shown its fragile side.In the fragile and ever-changing situation, all employees of Zhonghong Heavy Machinery, under the leadership of the decision-making team, overcame difficulties, maintained resilience, and achieved growth against the trend. All indicators have slightly improved compared with the same period in 2018 and 2019, although they are still far from the budget. There is still a big gap, but it is indeed commendable.On August 8, 2020, the senior management of Zhonghong Heavy Machinery held a semi-annual summary meeting in the conference room on the 6th floor of the company to summarize the gains and losses, take inventory of deficiencies, and gather strength to start again.

The meeting started on time at 8:30 am. Executive Vice President Fu Hongling presided over the meeting and spoke first.Mr. Fu emphasized the development of the company's major tasks in the first half of the year, and pointed out the company's current ten major problems such as market development, new industrial park construction, and capital utilization efficiency, and introduced the direction of reports from each department and the focus of work in the second half of the year.The Finance Center interpreted the company's main financial data in the first and second quarters. The main financial indicators in 2020 are slightly better than the same period in the previous two years, such as order signings, revenue, new model sales, payment collection, labor efficiency, etc., but There are also some important indicators that are declining. The more important ones are inventory turnover rate. For manufacturing companies, these are key factors that determine the operating efficiency of the company and must be paid attention to.

After that, the leaders of the Finance Department, After-sales Service Department, Sales Department, Human Resources Department, Technology Center, Production Center, Quality Department, Information Department, and Logistics Department respectively summarized the work of their departments in the first half of the year and completed the work plan at the beginning of the year. Take stock of the situation.The inventory of each department also reflects to varying degrees that at the actual operation level, the company currently has many problems, and many undeveloped and unfinished departmental work affected by the epidemic have been placed in the third quarter.From an overall perspective, the key decisive battle is still in the third quarter. Judging from the budget at the beginning of the year, most of the company's orders and revenue are concentrated in the third quarter.To this end, the company has already launched the '90 Days to Work Hard and Sprint into the Third Quarter' activity in the early stage. This meeting once again emphasized the importance of the '90 Days to Work Hard' activity. President Su once again made requests to the senior management. The '90 Days of Work' campaign must be made concrete, detailed, and implemented in place. This will be a turning point related to the company's future development direction.

Finally, Mr. Su made a concluding speech on this meeting.Based on the interpretation of the contents of the '2020 Business Plan Guidance Book' formulated at the beginning of the year, it is emphasized that in the second half of the year, each sector should develop markets to maintain revenue, project management implementation, cost reduction and efficiency increase, authorization and empowerment, supply chain management, etc. We will increase our efforts and strive to achieve our annual goals.

This meeting is an important meeting in the development process of the heavy machinery company in 2020, and it is a meeting of decisive significance.We always firmly believe that under the leadership of the company’s core management team, we will be able to overcome numerous difficulties, achieve growth against the trend, achieve our set goals, and deliver satisfactory results to shareholders, employees, and all those who support the development of Zhonghong’s business. answer sheet!