Focus on quality and efficiency to ensure survival; explore business innovation to pursue growth.

The East China Headquarters of Baiyun Electric Group convened its 2018 Economic Work Conference.

From February 27 to March 1, the East China Headquarters of Baiyun Electric Group convened its 2018 Economic Work Conference to implement the Group’s development strategy and the company’s annual Board of Directors directives, review the 2017 business performance, and mobilize, deploy, and ensure the execution of the new year’s goals and tasks.

On the morning of February 27, the East China Headquarters’ 2018 Economic Work Conference kick-off meeting was held in the second-floor conference room of the staff canteen, chaired by Deputy General Manager Deng Junwen. Attendees watched a video decoding the Group Chairman’s strategy from the annual general meeting and engaged in a focused study of the Group’s strategic framework. General Manager Shen Qirong delivered a report summarizing the East China Headquarters’ 2017 operations and outlining its 2018 business plan. More than 70 people attended, including mid‑level and senior managers from the East China Headquarters and its subsidiaries, members of the Yanzijiao Plant Management Committee, and staff from Office 3310.

On February 5, at the Fourth Annual Conference of Greater Baiyun, Hu Deliang delivered a keynote address titled “Demand‑Driven, Step‑by‑Step Implementation, Value Creation,” in which he outlined the Group’s future development strategy. He emphasized that, in light of the national macroeconomic landscape and industry trends, we must proactively seek breakthroughs to drive the upgrading and innovation of our products and services.

In reviewing and summarizing the 2017 business management performance, Shen Qirong pointed out that, in 2017, amid a complex and volatile environment—characterized by a gradual decline in UHV project investment, rising demands for “localization” in international markets, and the still‑emerging nature of new markets—the East China Headquarters adhered to the business strategy of “seeking progress while maintaining stability, pursuing development, and building a renowned brand through quality improvement and efficiency gains.” Focusing on the annual business objectives, with a core emphasis on enhancing the quality of operations and management, the company expanded and strengthened its existing businesses while developing new ones, thereby achieving sustained growth in cash earnings.

Shen Qirong emphasized that 2018 is a pivotal year for consolidating the operational effectiveness of our new platform. Building on our foundation as a comprehensive power‑energy solutions provider within the Dayunbai Electric Group, we will concentrate our efforts, refine and excel in our existing core businesses, proactively plan for emerging growth areas, and strive to achieve a win‑win outcome—both in operating net profit and cash flow—to ensure the company’s sustained, healthy development. In the new year, we will adhere to the business philosophy of “surviving through quality and efficiency, and pursuing growth through business innovation,” with the Group‑set targets at the core, leveraging comprehensive budget management as a key tool and focusing on the entire value chain. We will vigorously advance enterprise‑wide, end‑to‑end cost management, using management innovation as a breakthrough to drive value creation. We will continue to deepen the “3310” initiative to improve management, work tirelessly to enhance operational efficiency, and steadily optimize cost‑expense margins and labor‑cost profitability, thereby contributing to the vision of making Baiyun a century‑old, world‑class enterprise.

From the afternoon of February 27 to the morning of March 1, group discussions were held in Conference Room No. 2 on the third floor of the office building. A total of six specialized sessions were scheduled: a dedicated meeting for the Casing Company, one for the Instrument Transformer Company, one for the Jiangxi Electric Porcelain Company, one for the Power Equipment Company, one for the East China Headquarters, and a special session for the Insulation Subsidiary. The discussions focused on the annual business objectives, refining specific implementation plans, measures, and performance‑evaluation methods. In addition, aligned with the Group’s strategic goals, participants explored new business development strategies and management models for the East China Headquarters. Senior executives of the East China Headquarters and heads of relevant departments attended all group discussions throughout the entire period.

On the afternoon of March 1, a centralized review and summary meeting was held in the second-floor conference room of the employee cafeteria, chaired by Deputy General Manager Deng Junwen. He Wengen, the project leader from Yuanzhuo Consulting, delivered a special report. Staff from Office 3310 presented the key performance indicators and major initiatives for each department in 2018, which were then reviewed at the meeting. Executive Deputy General Manager Ji Pengyu outlined the work priorities for the new year. Following this, a signing ceremony was held for the 2018 operational target responsibility agreements: relevant leaders from the East China Headquarters signed the agreements with the heads of their respective subsidiaries, while Shen Qirong signed similar agreements with the senior executives of the East China Headquarters. Finally, Shen Qirong delivered a concluding address.

In his concluding remarks, Shen Qirong emphasized that all departments and business units must stay firmly focused on the set objectives, implement the dual‑driven strategy of demand‑plus‑technology, remain true to our mission, and continuously put it into practice, thereby ensuring the East China headquarters’ survival and growth in the face of a challenging environment. In particular, he called for strengthening cadre development, refining performance appraisal systems, and fostering innovative development. I am confident that, as long as we align our aspirations across all levels, unite as one, stay committed to our goals, work tirelessly, and make bold sacrifices, we will surely achieve remarkable results and realize our objectives.

In his address, Ji Pengyu emphasized that this year’s work must be closely aligned with the annual objectives, and that every company and department should clearly define its own targets. Sales, as the driving force, must see tasks fulfilled to the letter. The manufacturing division should prioritize quality and cost control while ensuring smooth production. Meanwhile, the administrative departments must fulfill their duties diligently and provide outstanding support. As we embark on the new year, let us roll up our sleeves and work hard, in accordance with the General Secretary’s instructions.

In his address, He Wengen pointed out that, in the face of future risks and challenges, we must adopt a growth-oriented mindset to navigate uncertainty, strengthen our sense of crisis, embrace user‑centric thinking, cultivate a spirit of transformation, and foster a culture of innovation. We should remain committed to self‑driven change, pursue both core‑business operations and innovative ventures in parallel, and implement a “dual‑business” model to achieve sustained growth. (Jiang Shui)