Jidong Cement: Strive for Economic Benefits in the Second Half of the Year

2024-08-01 10:03:54

On July 30, Jidong Cement held a semi-annual working conference in 2024 to study, publicize and implement the spirit of the Third Plenary Session of the Twentieth Central Committee of the Communist Party of China, convey the requirements of the semi-annual working conference of the Group, summarize the company's work in the first half of the year and deploy the key tasks in the second half of the year.

On July 30, Jidong Cement held a semi-annual working conference in 2024 to study, publicize and implement the spirit of the Third Plenary Session of the Twentieth Central Committee of the Communist Party of China, convey the requirements of the Group's semi-annual working conference, summarize the company's work in the first half of the year and deploy the key tasks in the second half of the year. Kong Qinghui, Deputy General Manager of BBMG, Secretary of the Party Committee and Chairman of the Board, Liu Yu, Deputy Secretary of the Party Committee and General Manager of the Company, and other members of the leading group, heads of headquarters departments, and more than 300 members of the leading group of affiliated enterprises attended the meeting in the main venue and the video sub-venue respectively. In his concluding speech,

Kong Qinghui pointed out that since this year, under the strong leadership of the Party Committee and the board of directors of the Group, all units have resolutely implemented the new development concept and the requirements of "one high, win-win and three overall plans", maintai Ning their strategic strength, actively responding to changes and optimizing the logic of growth around the requirements of "progress, innovation, precision, stability, strictness and speed".

Kong Qinghui made an in-depth analysis of the situation, pointed out the shortcomings, and further clarified the strategic principles of high-quality development under the changing situation. He pointed out that we should coordinate the relationship between short-term performance and long-term development, uphold a scientific and effective competitive strategy and development strategy, give overall consideration to both internal and external aspects, and ensure stable and far-reaching development. We should adhere to the strategy of industry self-discipline and ecological optimization, take the lead in implementing the requirements of the Political Bureau of the Central Committee on "strengthening industry self-discipline and preventing vicious competition of involution", and promote the construction of a good industry ecology. Adhere to the cost leadership strategy, through the whole process of lean operation and refined cost control, to build a strong fortress of market competition. We should adhere to the strategy of differentiated competition and create differentiated competitive advantages through product innovation, service optimization and brand building. We should adhere to the strategy of marketing transformation and adapt to the changing situation by optimizing the market, strengthening the brand, innovating the mode and streamlining the team. We should adhere to the strategy of industrial upgrading, develop new quality productivity and build a modern industrial system through digital transformation and green technology application. Adhere to the "cement plus" strategy, and improve the resilience and sustainable development ability of the industrial chain through horizontal capacity integration and optimization and vertical industrial chain integration.

Kong Qinghui emphasized that in the second half of the year, we should study and implement the spirit of the Third Plenary Session of the Twentieth Central Committee of the Communist Party of China, earnestly implement the group's decision-making and deployment and the requirements of "one high, win-win and three overall plans", vigorously carry forward the spirit of "second entrepreneurship", comprehensively enhance the ability of value creation, make every effort to fight hard battles for economic benefits, and comprehensively promote the transformation of digital intelligence. Achieve various tasks and objectives with high standards, make positive contributions to the high-quality development of the Group, and greet the 75th anniversary of the founding of New China with practical actions.

First, strengthen confidence in development and make every effort to improve business performance. We should anchor the goal, strengthen the process control, do our own thing in a down-to-earth manner, and take the strategic initiative to turn danger into opportunity. We should attach equal importance to strengthening the ecological construction of the industry and tempering the basic skills, so as to enhance the market competitiveness. We will further promote lean operation, reduce costs and increase efficiency in an all-round, whole-process and all-factor manner, and enhance internal competitiveness. We should give full play to the value of financial management, play a role in asset revitalization, debt structure optimization, investment project management and other work, and provide strong support for efficiency improvement and high-quality development.

The second is to precisely optimize the layout and enhance the long-term value of the company. Actively seek development opportunities around the "cement plus" strategy, accelerate the landing of established projects in terms of resource expansion and layout optimization, and form a quality increment. We should focus on the main industries, actively promote the development of digital economy, new environmental protection and new energy industries, create specialized and new "little giants" and build a modern industrial system.

Third, we should continue to deepen reform and enhance the value of modern governance. We should carry forward the spirit of "second entrepreneurship", continue to promote organizational change and internal integration, form a pattern of large regions, large markets and large operations, and improve efficiency and efficiency. Insist on capable personnel, improve the market-oriented incentive mechanism, and improve the labor productivity of the whole staff. We should improve the risk prevention and control system, effectively guard against capital, security, integrity and other risks, and ensure that enterprises operate steadily in a complex environment. We should strengthen market value management, enhance capital market valuation and boost confidence in development.

Fourth, we should adhere to innovation drive and accelerate the cultivation of new quality productive forces. We will continue to promote the dynamic transformation with digital transformation as the core, strengthen the awareness of digital transformation, deepen the application of existing systems, and improve production efficiency and operational quality. Promote the reform of system and mechanism with the digital transformation of business, and establish the organizational system, talent team and assessment mechanism matching the digital transformation. We should continue to improve the level of green low-carbon development and cultivate new competitive advantages in the implementation of the "double carbon" strategy. Take scientific and technological innovation as the guide, and constantly stimulate the vitality of material research and development and technological innovation.

Fifth, we should adhere to deep integration and improve the quality and effectiveness of Party building. Conscientiously study and implement the spirit of the Third Plenary Session of the 20th CPC Central Committee. We should improve the education system of consolidating the foundation and cultivating the soul, consolidate and expand the achievements of thematic education and Party discipline learning, strengthen the construction of enterprise culture, and gather the spiritual strength to overcome difficulties. We will improve the organizational system that links up the upper and lower levels and implements effectively, and promote the formation of a working pattern in which Party organizations at the first level grasp the first level and at the same level lead the lower level. We will improve the responsibility system with clear subjects and clear requirements, and further clarify the responsibilities of headquarters, regions and enterprises. We will improve the supervision system of precise efforts and treatment of both symptoms and symptoms, resolutely investigate and punish all kinds of violations of discipline and regulations, and provide a strong guarantee for the company's high-quality development.

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This article is selected from Song Zhiping's book "Reform Heart Road", which describes his motivation and effect of restructuring cement in those years, and has been published by China Cement Network. Recently, there has been a call for restructuring and mergers and acquisitions in the cement industry. Reviewing this old article may have the effect of reviewing the old and learning the new, encouraging the industry to promote a new round of restructuring, and solving the persistent problems of the industry.