On the morning of January 14, the Sunward 2022 Annual Business Work Conference was grandly held at Sunward Industrial City. He Qinghua, founder and honorary chairman of Sunward, Xia Zhihong, general manager, Chen Sheng, party secretary, company leaders Zhang Daqing, Quan Denghua, Huang Zhongbo, Wang Jian, Gong Jin, Tang Biao, Huang Zhixiong, Yu Yajun, Li Changjian, Wu Wenwei, Zhang Aimin, and more than 200 middle and senior management cadres of the company, as well as representatives of advanced teams and advanced individuals commended for 2022, attended the meeting.

Twelve business entities, including the International Market Development Center, the Foundation Equipment Business Division, the Excavator Business Division, and the Mining Equipment Business Division, focused on the theme of the conference and delivered key reports on measures to achieve the annual budget targets.

The meeting commended 6 "Advanced Teams," 9 "Excellent Teams," 1 "Advanced Team in Confidentiality Work," 122 "Advanced Individuals," and 5 "Advanced Individuals in Confidentiality Work."

At the meeting, Party Secretary Chen Sheng delivered the 2022 Party Committee work report entitled "Hold High the Banner, Keep the Entrustment in Mind, and Strive in Unity to Achieve the Win-Win Goal of Party Building Improvement and Enterprise Development." In 2022, Sunward continued to burnish the Party building brand "Red-Collared Sunward Wisdom Sharing Gathering," adhered to leading high-quality enterprise development with high-quality Party building, and for many consecutive years was rated excellent in the Party building work assessment of enterprise Party organizations in the Changsha Economic and Technological Development Zone. It was awarded the 2022 "Hunan Provincial Civilized Unit," and media such as Hunan Daily, Red Star Cloud, and Changsha Party Building, as well as the official WeChat accounts of provincial and municipal organization departments, featured the company's Party building work in special promotions, achieving the win-win goal of Party building improvement and enterprise development. Chen Sheng pointed out that 2023 is the opening year for thoroughly studying and implementing the spirit of the 20th National Congress of the Party. We must always maintain a spirit of unremitting effort and a posture of forging ahead, be confident and self-reliant, uphold integrity and innovate, strive with vigor and press forward courageously, and strive to write a new chapter of high-quality company development on the new journey of the new era!

General Manager Xia Zhihong delivered the annual business work report entitled "Build Confidence, Operate Steadily and Strive for Efficiency; Strengthen Management, Sharpen Internal Skills and Build a Solid Foundation." Xia Zhihong pointed out that the just-concluded 2022 was an extraordinary year and also a highly challenging one. Amid severe contraction in the markets for the two main sales products, foundation equipment and excavators, all Sunward people united their efforts and overcame difficulties, taking breaking through the business predicament and improving business quality as their goal, and through actions such as "increasing revenue and reducing expenditure," "reducing the two funds," and "management transformation," did their utmost to open up development space in a downward cycle. Among them, mining equipment, aerial machinery, and the export, revenue, and net profit of engineering equipment all achieved substantial increases. Especially since the fourth quarter, the company's operating efficiency has improved markedly, operating cash flow has continued to improve, and revenue and cash collection in November and December grew significantly compared with the annual monthly average, demonstrating the company's sound development momentum.

Xia Zhihong emphasized that as the Central Economic Work Conference's new policies and measures to "strive to expand domestic demand" continue to be implemented, major projects start construction intensively, and infrastructure investment accelerates, China's construction machinery market is expected to recover overall in 2023. We must firm up confidence in doing economic work well and need to do important work in ten areas, including "building an efficient and collaborative operating system and improving rapid response capability," "adhering to bottom-line thinking and always making 'reducing the two funds' the primary task of business risk control," "taking refined management and detailed control as the core and continuously carrying out fee and cost reduction work," "focusing on management improvement and giving full play to the 'baton' role of performance assessment," "consolidating traditional main businesses and supporting the development of profit-oriented segments," "strengthening capital operations and promoting the implementation of key strategic projects," "deeply focusing on the internationalization strategy and comprehensively improving the ability to respond quickly to overseas markets," "taking market demand as the guide and strengthening the two-way integrated development of technology and business," "compacting the main responsibility for safe production and implementing the all-staff safety responsibility system," and "promoting coordinated linkage between audit supervision and discipline inspection and supervision."

Xia Zhihong pointed out that the extraordinary 2022 has passed, and a brand-new 2023 has opened its chapter. We firmly believe that with the resource support and caring help of the Industrial Control Group, and with the concerted efforts of all Sunward people, Sunward will surely welcome new and greater development in 2023!

Sunward Official Website