Shenglong Co., Ltd. held its third-quarter 2024 “Cost Reduction and Efficiency Enhancement” summary meeting and financial analysis conference.

On the afternoon of November 15, Shenglong Co., Ltd. held its third-quarter 2024 “Cost Reduction and Efficiency Enhancement” summary meeting, as well as a financial analysis meeting covering the period from 2021 to October 2024. Mid-level and senior management personnel from Shenglong’s headquarters, along with relevant responsible personnel from each subsidiary, attended the meeting. The event was chaired by Comrade Huang Lijuan, Shenglong’s Chief Financial Officer and Board Secretary.

        Wang Erjun, a member of the Party Committee and Secretary of the Commission for Discipline Inspection of Shenglong Shares, announced the results of the cost-reduction and efficiency-enhancement assessment for the third quarter of 2024, urging companies that have failed to meet their targets to refine their measures, strengthen accountability, further improve management efficiency, and continuously optimize all work processes.

        Huang Lijuan, with the theme “Comprehensively Enhancing Enterprise Production”   With “operational efficiency” as the overarching objective, we have summarized and consolidated the overall achievements in cost reduction and productivity enhancement. All companies are expected to carry forward and build upon proven best practices, continuously refine their working methods, and make even greater contributions to the company’s development.

        Shenglong’s Finance and Financing Department, Longyu Molybdenum Industry, Songxian Mining, Longxing Technology, and the Sales Branch each conducted an analysis of their cost-reduction and efficiency-enhancement initiatives for the third quarter of 2024, as well as the company’s financial performance over recent years. They thoroughly examined existing issues and provided a detailed report on their plans and measures for the next phase of work.

Finally, Yan Jun, Deputy Secretary of the Party Committee and General Manager of Shenglong Co., Ltd., delivered a speech. Yan Jun pointed out that the “Cost Reduction and Efficiency Enhancement” initiative is not limited to the third quarter; it is a routine, ongoing, and never-ending effort. Our implementation of this initiative in the third quarter serves both as a review and as a strategic planning exercise. We should seize this opportunity to make substantial improvements in project design, process optimization, and other areas, thereby continuously reducing construction and operational costs. Yan Jun emphasized that financial analysis is an extremely important task. We must elevate the level of financial analysis to achieve clarity in key priorities, transparency in reporting, accuracy in forecasting, and effectiveness in implementing measures—thus attaining the essence of financial work. In doing so, we can fully leverage its role as the “stethoscope” for diagnosing the enterprise and the “microscope” for monitoring its operational health, providing solid support for the company’s stable and sustainable operations.

        Yan Jun stated that in recent years, Shenglong Shares has experienced rapid growth, with revenue and profits rising year after year. These impressive results are the fruit of the hard work of all our cadres and employees, the product of our spirit of “challenging the impossible,” and the outcome of our continuous efforts to cut costs, boost efficiency, and tap into untapped potential. On behalf of the company, he expressed his heartfelt gratitude for the dedicated contributions of all cadres and employees. Looking ahead, Yan Jun outlined three key priorities: first, to consistently benchmark and align ourselves, ensuring rigorous implementation; second, to summarize our achievements and leverage their multiplier effect; and third, to strengthen management and elevate the level of refined operations. Level. Yan Jun called on all cadres and employees to continue upholding the corporate spirit of “self-confidence and self-reliance, pragmatism and perseverance, pursuit of excellence, and success through diligent effort,” to emulate the “model workers” and “Shenglong role models,” and to set out anew with a mindset of starting from scratch; Shenglong Shares is full of hope.

        While presiding over the meeting, Huang Lijuan urged all companies and departments to…   This session’s spirit of the meeting was communicated.   We must effectively convey and thoroughly implement [the directives], work diligently, and strive with determination, contributing our wisdom and strength to fully accomplish all annual tasks and objectives and to achieve high-quality enterprise development.