Shenglong Co., Ltd. held its 2024 third-quarter production and operations analysis meeting and fourth-quarter work arrangement meeting.

On the afternoon of October 12, Shenglong Co., Ltd. convened a meeting to review its third-quarter production and operations and to outline plans for the fourth quarter. Lu Youxia, Party Secretary and Chairwoman of Shenglong Co., Ltd., attended the meeting and delivered a speech; Yan Jun, Deputy Party Secretary and General Manager of Shenglong Co., Ltd., summarized the third-quarter performance and laid out arrangements for the fourth quarter; members of the company’s leadership team, mid-level managers from various departments, and principal leaders of grassroots units also attended the meeting, which was chaired by Zhang Baomin, Deputy Party Secretary of Shenglong Co., Ltd.

At the meeting, Wang Erjun, a member of the Party Committee and Secretary of the Commission for Discipline Inspection, read out the “Report on the Completion of Responsibility Targets for the Third Quarter of 2024 and the Plan for the Fourth Quarter Across All Companies.” The principal heads of Longyu Molybdenum, Songxian Mining, Longxing Technology, and the Sales Branch Office successively presented reports on their third-quarter production and operations, progress on key projects, existing difficulties and issues, and plans for priority tasks in the fourth quarter. Following the presentations, the leadership team of Shenglong Shares conducted a round of inquiries regarding their respective areas of responsibility and made specific arrangements for the next phase of work.

In his summary of the company’s performance, Yan Jun pointed out that since the beginning of the year, all Shenglong employees have worked tirelessly and united as one, achieving results that not only met but exceeded their targets—moving from monitoring key metrics to breaking them. As a result, operating performance has continued to improve, while cost control has been steadily tightened. In the first three quarters, the company’s operating revenue, total profit, and concentrate output all posted year-on-year growth. Meanwhile, financing costs declined by 0.37 percentage points compared with the same period last year. This combination of “one increase and one decrease” underscores Shenglong Shares’ momentum toward high-quality development. We have remained committed to a “project-first” strategy, with major projects gaining strong traction in the third quarter: the Angou Project in Song County broke the ice; the Longyu Tailings Pond Project found a viable solution; the Longxing Technology Project overcame key obstacles; and the Sales Branch achieved breakthroughs in its operations. Each unit has strived to learn from others, catch up, and surpass, enhancing quality and efficiency while vying for leadership and taking on greater responsibility, thus demonstrating Shenglong Shares’ robust trajectory of high‑quality growth. We have resolutely advanced institutional and mechanism reforms, staying firmly goal‑oriented and boldly addressing internal challenges. Initial results are already evident in the human resources market, with employees reporting a marked sense of urgency and responsibility, further highlighting the spirit of high‑quality development at Shenglong Shares.

Regarding the next steps, Yan Jun emphasized that, First, it is necessary to “Building nests to attract phoenixes”: strengthening Party building and attracting talent to drive development, Second, it is necessary to “Visualized project management” drives initiatives forward, with all efforts focused on overcoming challenges and advancing progress. Third, it is necessary. “Bracing for battle and sharpening our weapons” — focusing on our core business, forging ahead on a new path, and unfolding a grand vision. Four requirements “Renewing the old and forging the new” — strengthening management and driving efficiency through innovation, Five requirements “Meticulous cost management” reduces expenses and boosts profitability by both cutting costs and increasing revenue. Sixth, it is necessary to “Standing ready” to safeguard safety, and uniting as one to ensure stability. We must view issues through the lens of development and tackle challenges with innovative solutions, striving to achieve a “year-round success” for Shenglong Shares.

In her address, Lu Youxia pointed out that during the third quarter, all areas of work continued to demonstrate a promising trend of steady progress, innovation, improvement, and growth. This autumn, we have reaped abundant rewards—results that are the fruit of everyone’s hard work and dedication. Despite numerous challenges, no one has complained of difficulty; despite heavy tasks, no one has voiced exhaustion; and despite significant pressure, no one has lamented hardship. We are an outstanding team—one that is eager to act, capable of delivering, and committed to seeing things through to success.

In her future work, Lu Youxia emphasized that, To need Firmly committed to our goals and focused on key priorities, we demonstrate the power of development through diligent execution and tangible results. To need Cherish opportunities, uphold the spirit, and shine brightly in your ordinary post. To need With high-level coordination and unwavering commitment, we courageously shoulder the responsibility of development through pragmatic action and steadfast implementation. Lu Youxia pointed out that, One To need “Seek speed,” emphasizing efficiency and delivering results, letting performance speak for itself; Second, it is necessary to “Seeking innovation,” we relentlessly advance technological breakthroughs and institutional and systemic reforms; Third, it is necessary. “Seeking stability,” clarifying the development path and fostering a secure and stable environment; Four requirements “Striving for progress” means breaking through bottlenecks and being capable of doing so, while working hard to resolve critical choke-point challenges. Five requirements “Strive for precision,” adapting to the circumstances, ensuring a strong finish to the current phase while charting a fresh start. Lu Youxia emphasized that, in line with the State Council’s SASAC guidelines and spirit on deepening reform of state-owned enterprises, measures such as downward adjustment of underperforming units and exit of those deemed unfit must be implemented more broadly and more thoroughly, fostering a healthy dynamic of survival of the fittest, rewarding diligence and penalizing laziness, and enabling both upward and downward mobility, as well as flexible adjustments in performance levels and career trajectories.

Lu Youxia urged that, in our work, we must continue to uphold the valuable spirit of hard work, perseverance, proactive achievement, upward momentum, and bold innovation—keeping development at the forefront of everything we do. With a spirit of “striving,” a drive to “seize opportunities,” and a mindset of “competing,” we should strive to turn “doing our utmost to achieve” into “ensuring completion,” “ensuring completion” into “exceeding targets,” “exceeding targets” into “reaching new highs,” and “reaching new highs” into “the best in the industry,” delivering solid, tangible results that demonstrate Shenglong Shares’ unwavering commitment.

During the meeting, Zhang Baomin urged all companies and departments to thoroughly grasp the spirit of the conference, identify shortcomings in their third-quarter work, rigorously implement all arrangements made at the meeting, and work together to achieve outstanding results, pressing ahead with renewed vigor to jointly ensure the successful completion of Shenglong Shares’ annual targets.