Yaobai Group: Stabilize the core market share and continue to tap the potential of cost reduction

2024-07-09 12:19:42

In the first half of 2024, facing the downward pressure of the economy and the challenges of the industry, Yaobai Group has made hard-won achievements, but there are also problems in operation and management. Cao Jianshun, chairman of the board of directors, stressed that the second half of the year will focus on the work style of cadres, profitability, safety and production optimization, and asked all departments to strengthen internal control, reduce risks and tap the potential of cost reduction. The Group will unite as one, deepen reform, strive to achieve the year-round goals and promote high-quality development.

On July 8, Yaobai Group held a work summary meeting for half a year in 2024 and a business analysis meeting for the first half of the year. The meeting was presided over by Wang Jiujun, Vice General Manager of the Group, and Cao Jianshun, Chairman and General Manager, attended the meeting and made a speech.

The meeting comprehensively summarized the work in the first half of the year, found out the problems, made up for the shortcomings, soberly analyzed the current situation, and made a comprehensive arrangement for the work in the second half of the year, so as to plan the layout for the development in the second half of the year. At

the half-year work summary meeting, Chairman Cao Jianshun first made the Summary Report on the Half-year Work of Yaobai Group in 2024, pointing out that in the first half of the year, under the background of macroeconomic downturn, prominent contradiction between supply and demand in the industry, fierce market competition and declining efficiency, the first half of the year was the first half of the year. All cadres and staff of the Group have thoroughly implemented the general work keynote of "immersing themselves in hard work, not empty talk, low-key and pragmatic without publicity", adhered to the principle of stability, steady progress, overcoming difficulties and taking the initiative, and achieved hard-won results in the operation and management of the Group. While summarizing the achievements, Mr. Cao pointed out that there were still five problems in the first half of the year, such as the large gap in the completion of business tasks and the lack of meticulous sales management. He also arranged and deployed the key work in the second half of the year from nine aspects, such as strengthening the style of cadres, improving profitability, building a strong security line and optimizing production organization. Then, Mianxian Company and Yining Company, as representatives of better production and operation units, shared their experiences. At the business analysis meeting in the

first half of the year, Tongxin, the head of the Finance Department of the Group, first reported and analyzed the operation of the Group in the first half of the year, and put forward reasonable suggestions. Huaxi Company made a reflection speech on the problems existing in the operation in the first half of the year. Then the leaders in charge of the group arranged the production and operation work in the second half of the year, and clarified the management measures and requirements for the second half of the year. At the end of

the meeting, Chairman Cao Jianshun called on all management cadres to correctly view the situation, strengthen responsibility, adhere to results-oriented, and strengthen internal control. Each business department shall keep a close eye on the accounts receivable to ensure that the risk is minimized. The building materials segment shall conduct in-depth exploration and analysis of the management based on the current situation and existing problems to ensure that the operation of the building materials segment plays a supporting role in the overall operation of the Group. All cadres and staff should work together and take the initiative to strengthen communication, linkage and resource sharing, give full play to collective strength, and build a team with a strong style and dare to fight hard. Unified thinking, firm confidence, perseverance and all-out efforts will make positive contributions to the completion of the year-round task objectives and submit a qualified answer to the Western Cement.

Boost morale, encourage energy, and concentrate on starting again. With the successful holding of the work summary meeting and business analysis meeting in the first half of the year, the work in the second half of the year has been fully started. Under the strong leadership of the board of directors of Western Cement, the Group should face difficulties and implement them vigorously with indomitable courage, the spirit of reforming the old and innovating the new, and the vigor of unremitting struggle, go all out to complete the objectives and tasks of the whole year, and strive to write a new chapter of high-quality development of the Group.

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Correlation

Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.