Shenglong Co., Ltd. held its 2024 annual work conference.

　　On the morning of January 31, Shenglong Co., Ltd. held its 2024 work conference. Zhou Yongwei, Party Secretary and Chairman of Guosheng Group, attended the meeting to provide guidance and deliver a speech. Lu Youxia, Party Secretary and Chairman of Shenglong Co., Ltd., delivered a speech titled “Seize the Momentum to Usher in a New Era, Compete Aggressively to Secure the Future,” while Yan Jun, Deputy Party Secretary and General Manager, presented the 2024 work report entitled “March Forward with Triumph, Fearless Amidst Turbulence Toward Mountains and Seas; Rally Strength to Rise, Unafraid of the Future as We Build a New Enterprise.” The meeting was chaired by Wang Erjun, Member of the Party Committee and Secretary of the Commission for Discipline Inspection. Members of Shenglong Co., Ltd.’s leadership team, mid-level officials from the headquarters, members of the leadership teams of second-tier subsidiaries, and award-winning representatives from companies at all levels attended the conference.

　　In the 2024 work report, Yan Jun summarized Shenglong Shares’ 2023 across seven key areas: a year of “intensified” Party building, “hard-fought” project construction, “breakthroughs” in production and operations, “foundational” progress in the listing process, “growth” in talent development and employee well-being, “exploration” of innovation and value creation, and “consolidation” of safety efforts. The report analyzed and assessed the challenges currently facing Shenglong Shares, and outlined the 2024 work plan: leveraging the “Three Stabilities, Three Increases, Three Transformations” approach to wholeheartedly build a “Colorful Shenglong,” ensuring the achievement of annual business objectives. Specific measures include: strengthening Party leadership and fostering a corporate culture to create a “Happy Shenglong”; accelerating the listing process and nurturing a grand vision to realize a “Beautiful Shenglong”; coordinating project management to pass on a legacy of bountiful results as a “Brilliant Shenglong”; implementing talent-driven enterprise development to invigorate Shenglong with dynamic systems and mechanisms; reinforcing innovation-led initiatives to forge a “Smart Shenglong” through reform and development; breaking through sales bottlenecks and expanding external marketing efforts to shape a “Brand‑Driven Shenglong”; and elevating safety management by establishing standardized practices to ensure a “Safe Shenglong.”

　　Lu Youxia delivered a speech focusing on three key areas: “how to interpret the numbers, where our achievements come from, and how to move forward in the present.” By examining the relationships between observing the “form” and assessing the “trend,” prioritizing “quantity” while emphasizing “quality,” and balancing the “near-term” with the “long-term,” she analyzed last year’s performance based on 2023 operational data. She then elucidated the deeper logic behind these results by addressing three aspects: resolving “urgency” and “difficulty,” maintaining “stability” while pursuing “progress,” and coordinating “establishment” with “breakthrough.” Regarding how to carry out the work for 2024 and realize the vision of a “Colorful Shenglong,” Lu Youxia put forward seven guiding principles: “ensure,” “safeguard,” “advance,” “seize,” “venture,” “strengthen,” and “be rigorous.”

　　“Ensure.” Ensure the achievement of operational targets—fully tap production potential, reduce costs and boost efficiency, and deliver on the annual production and business objectives. Ensure project implementation—strengthen adherence to key milestones to bring the Xianchigou Tailings Pond, the Songxian Angou Project, and the Longxing Technology Project to fruition and into operation. Ensure progress toward an IPO—align with listing standards, enhance our competitive edge, highlight our achievements, and secure successful approval for the public offering.

　　“Uphold.” Uphold all risk thresholds and safety red lines, and be fully prepared to address market risks. In particular, safeguard the debt-risk threshold; for the Xianchigou tailings pond and the Songxian Angou—these two major key projects—rationally schedule construction timelines and investment structures, and continuously optimize the debt profile. Conduct thorough inspections and remediation of safety hazards in production areas, employee dormitories, and office spaces, and strengthen “Safe Shenglong.”

　　“Advance.” We must strive for higher progress and a stronger spirit of enterprise. We cannot rest on our laurels or become complacent; we must clearly recognize that Shenglong Shares remains small in scale, its contribution to Guosheng Group is still far from sufficient, and its influence on the market is negligible. We should cultivate a determination and mindset to go even further, maintain an unwavering drive for advancement, and adopt the attitude of “striving for greater heights even after reaching the pinnacle,” while strengthening our sense of vigilance and boldly forging ahead.

　　“Rush.” Rush time—ensuring the successful completion of production targets and market launches. Rush capacity and seize window periods—grabbing market opportunities to ramp up output, thereby securing revenue and profits. Rush talent—building a robust talent pipeline so that launching projects and assembling teams no longer raises concerns, thus solidifying the foundation for corporate growth…

　　“Break through.” Break into the capital market, the domestic market, and overseas markets. Through capitalization and securitization, take the company to a new level and bolster its growth momentum. The sales subsidiaries must dare to pioneer and innovate, boldly enter both the domestic and overseas markets, and lay a solid foundation for Shenglong Shares to realize its vision of “buying nationwide, selling nationwide” and “buying globally, selling globally.”

　　“Strong.” Strengthen Party building. Uphold unwavering leadership of the Party over state-owned enterprises, fully leverage the leading role of Party committees, implement the “1336” Party‑building framework, and earnestly establish “five‑star” Party branches. Effectively apply the “Five‑fold, Meticulous” approach to Party building and the “Xinping Qihé” publicity methodology, continuously enhance competence and work style, fortify Party branches and strengthen the workforce, and use high‑quality Party building to drive the enterprise’s high‑quality development.

　　“Strictness.” Strict discipline. We will continue to strengthen Party conduct and integrity building, discard personal biases and ulterior motives, and build a “clean and honest Shenglong.” The Discipline Inspection and Audit Department must fully exercise its disciplinary inspection functions, move the line of defense against corruption upstream, adopt more effective measures to ensure that officials “dare not, cannot, and do not want to” engage in misconduct, enhance deterrence, strengthen preventive measures, and motivate Party members, leading cadres at all levels, and all employees to take responsibility and act proactively.

　　In his concluding remarks, Zhou Yongwei fully commended Shenglong Shares for its achievements and the team’s spirit in 2023. He noted that, despite numerous challenges, Shenglong Shares achieved remarkable results last year, successfully completing three major milestones: shareholding reform, attracting strategic investors, and filing for guidance. These accomplishments were hard-won. Regarding how to carry out Shenglong Shares’ work in 2024, Zhou Yongwei, in light of Guosheng Group’s overall plans and arrangements, put forward three key requirements. First, make every effort to advance the company’s IPO. Align thinking and focus on Shenglong’s listing process, promote standardized corporate governance, highlight the company’s core competitiveness, continuously optimize the industrial structure, and bolster the momentum and vitality of enterprise development, thereby maintaining the overarching principle of steady progress. Second, concentrate on adjusting the product mix to enhance competitiveness. Expedite efforts to extend, strengthen, and supplement the industrial chain; cultivate a strong sense of crisis, market awareness, innovation, risk prevention, and service orientation; move downstream along the value chain; and evolve into an integrated, full‑chain enterprise encompassing mining, ore dressing, smelting, and processing, steadily increasing the company’s resilience to risks. Third, prioritize project construction and seize market opportunities. Maintain an appropriate pace of development, conduct thorough risk assessments, give high priority to key projects such as the Xianchigou tailings pond and the An’gou project in Song County, foster business innovation, consolidate technological advantages, strengthen win‑win cooperation, and leverage small investments to generate substantial returns.

　　Regarding the implementation of the spirit of the meeting, Wang Erjun put forward three key requirements: First, unify thinking and coordinate all tasks to ensure that the meeting’s guiding principles are effectively integrated into the year’s work agenda. Second, focus on reform and innovation, address weaknesses and strengthen areas of deficiency, and further unleash the intrinsic momentum for scientific development, accelerated growth, and pioneering progress. Third, disseminate the meeting’s spirit throughout all employees, further boosting morale and inspiring enthusiasm, so as to strive diligently toward the successful completion of all 2024 objectives and tasks.

　　The meeting reported on each company’s 2024 Annual Responsibility Target Plan and read out the “Decision on Commending Advanced Units and Individuals for 2023” and the “Decision on Commending Innovative Projects for 2023.”

　　At the conference, awards were presented to various outstanding collectives and individuals, including advanced units, recipients of the Special Award for Innovation and Efficiency, advanced safety units, advanced safety workshops, as well as exemplary employees recognized for their diligence and dedication, and advanced safety personnel.

　　Advanced representatives shared their best practices.

　　All secondary-level Party organizations and company leaders have signed the 2024 performance accountability agreements for various objectives.

　　(Text by Wang Dan, Photos by Meng Ziyue)