Shenglong Co., Ltd. convened the 2025 First-Quarter Economic Performance Analysis and Second-Quarter Work Deployment Meeting.

On the afternoon of April 18, Shenglong Co., Ltd. convened a meeting to analyze its economic performance for the first quarter of 2025 and to outline plans for the second quarter, comprehensively summarizing the company’s production and operational achievements in the first quarter, conducting a scientific assessment of the current situation, and systematically deploying key tasks for the second quarter. Members of the company’s leadership team, mid-level managers from the headquarters, and the principal leaders of the research institute and all subsidiaries attended the meeting. The meeting was chaired by Zhang Baomin, Deputy Secretary of the Party Committee.

At the meeting, Wang Erjun, a member of the Party Committee and Secretary of the Commission for Discipline Inspection, first read out the document titled “Each Company…” “Status of Achievement of Responsibility Targets for the First Quarter of 2025 and Plan for the Second Quarter,” which uses quantified data to present the progress of key performance indicators across all business segments and outlines the priorities for the second quarter. The document notes that, in the first quarter, all subsidiaries successfully achieved their “strong start” objectives, with several metrics delivering particularly strong results; however, certain areas still lag behind, necessitating targeted measures in the second quarter to address these gaps and drive further improvement.

During the reporting session, the heads of four units—Longyu Molybdenum, Songxian Mining, Longxing Technology, and the Sales Branch—spoke in turn, presenting detailed reports on the completion of key tasks in the first quarter, existing shortcomings, and plans for the second quarter. The leadership team of Shenglong Shares, together with department heads, conducted targeted inquiries based on actual work conditions. All units pledged to resolutely implement the company’s directives and ensure that the second quarter… “More than half the time has passed, and more than half the tasks have been completed.”

Subsequently, Yan Jun, Deputy Secretary of the Party Committee and General Manager, delivered a concluding address. He noted that in the first quarter, all companies successfully achieved… The company achieved a strong start to the year, with impressive results across multiple key indicators, and its overall economic performance has maintained a steady yet progressive trajectory, characterized by quality‑driven growth. He commended each subsidiary’s first‑quarter performance in eight areas—Party building, production efficiency, project advancement, and preparations for an IPO—while also conducting a thorough analysis of existing shortcomings in project management, capacity coordination, and resilience to market volatility. Looking ahead to the second quarter, he emphasized the need to “anticipate risks, embrace change, and plan for retreat,” and to adopt a strategic mindset grounded in high‑level vision, long‑term planning, and robust implementation measures.  

Yan Jun emphasized the following key points: First, deepen Party building leadership to solidify the foundation for development. We must thoroughly study and implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and the spirit of the 20th National Congress of the Communist Party of China; earnestly carry out education on implementing the spirit of the CPC Central Committee’s Eight‑Point Decision; continuously advance the deep integration of Party building and business operations; intensify publicity of exemplary grassroots models; and leverage the leading role of role models to drive high‑quality enterprise development through high‑standard Party building. Second, focus on the final push toward an IPO and ensure breakthroughs in progress. All cadres and employees must adopt a decisive, all‑out stance, accelerate preparatory work and acceptance procedures with the Henan Securities Regulatory Bureau, further strengthen public‑opinion risk prevention and control, and elevate internal compliance management to ensure the smooth advancement of the listing process. Third, speed up project construction and build benchmark projects. With a focus on key initiatives such as the Xianchigou Tailings Pond and the Angou Molybdenum Mine in Song County, we must stay on schedule, enforce accountability, prioritize quality, ensure safety, and measure progress against set milestones, while strengthening full‑cycle oversight to guarantee efficient project execution and early realization of benefits. Fourth, reinforce safety responsibilities and establish a robust prevention and control system. In light of the safety production situation during the flood season, we must closely monitor critical areas like tailings ponds, fully implement the Three‑Year Action Plan for Root‑Cause Remediation, bolster safety culture at the team level, and fortify the safety production defense line. Fifth, enhance management to boost efficiency and unlock cost‑reduction potential. We should launch in-depth benchmarking and improvement initiatives to address weaknesses and strengthen areas of weakness, thereby elevating management standards and driving greater efficiency; strengthen industry‑university‑research collaborative innovation, accelerate the commercialization of scientific and technological achievements, and inject new momentum into development; and prepare high‑quality plans… ESG reporting systematically showcases a company’s performance in environmental, social, and governance areas, laying the foundation for sustainable development. Sixth, we will steadfastly pursue our talent strategy and optimize our talent structure. We will continue to strengthen talent acquisition efforts, proactively build multi‑tiered talent pools, deepen industry‑university collaboration in talent development, and continuously refine our training programs and succession planning, ensuring a robust pipeline of successors for key positions and injecting strong momentum into the company’s long-term growth.

At the conclusion of the meeting, Zhang Baomin delivered a summarizing address. He emphasized that all units should further refine their annual plans, raise work standards, delve deeper into key challenges and pain points, and place greater emphasis on preparations for an IPO. It is imperative to promptly communicate and implement the spirit of this meeting, seamlessly integrating its guiding principles with current practical work. Each unit should remain committed to their respective duties, work diligently, and strive with determination to make every effort toward the comprehensive achievement of all annual tasks and objectives. (Text) /Party and Mass Work & Personnel Department, Zhang Shaoyong Photo by Meng Ziyue)