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    Talent, Hard Work, and Steadfast Advancement—Guangdong Lingyi Industrial Technology Co., Ltd. Holds its 2016 Business Planning Conference


    Time:

    2022-07-15

    From October 6 to 7, 2015, the 2016 Business Planning Conference of Guangdong Lingyi Industrial Technology Co., Ltd. was held at the Lingyi International Conference Center. Nearly 70 mid- and high-level employees from Lingyi Industrial and its affiliated branch companies across the country gathered together to brainstorm, pool their wisdom, and jointly discuss major issues in order to effectively formulate the 2016 plan and achieve our business objectives. This was also the first time the conference was held in the brand-new, world-class campus, and everyone’s enthusiasm for participation was significantly higher than ever before. The theme of this conference was “Talent, Hard Work, and Steadfast Advancement.” On the first day of the conference, General Manager Lin Yi first presented the framework for developing the 2016 business plan.

      From October 6 to 7, 2015, the 2016 Business Planning Conference of Guangdong Zero One Industrial Technology Co., Ltd. was held at the Zero One International Conference Center. Nearly 70 mid- and high-level employees from Zero One Industrial and its affiliated branch companies across the country gathered together to brainstorm, collaboratively discuss major issues, and jointly set goals for 2016. This was also the first time the conference was held in the brand-new, world-class campus, and everyone’s enthusiasm for participation was significantly higher than ever before.
      The theme of this conference is “Talent, Perseverance, and Steadfast Advancement.” On the first day of the conference, General Manager Lin Yi first outlined the work requirements for formulating the 2016 business plan. Following that, he compared the budgeted figures with the actual results for the years from 2011 to 2014 and provided a summary of the overall operational status of Zero One Industrial Company.
      Mr. Lin also addressed several issues in the business planning. For instance, the challenges we face can be categorized into internal and external challenges. Among the internal challenges, the human factor primarily involves problems inherent in sales staff across the three age groups—senior, mid-career, and junior—as well as the pressure caused by the compensation structure. In terms of business operations, there’s a need to adjust both the business and product structures. As for management, the main issue is low operational efficiency, which calls for the implementation of appropriate incentive mechanisms—for example, adopting equity-based incentive policies to grant company shares to more outstanding core business personnel, thereby boosting their motivation. Regarding external challenges, the key lies in how to increase operating revenue and reduce operational costs. Ensuring stable cash flow, timely collection of receivables, and smooth inventory turnover are the three core factors that guarantee our profitability. Among operating costs, logistics expenses and business expansion costs require more scientific planning and more rational utilization. For example, concerning the outsourcing of logistics services, we’ll engage in joint discussions to identify the logistics solution that best suits our needs.
      Following that, Du Haiyu, General Manager of Xinshang System, shared with everyone insights on product extension, performance enhancement, external collaborations, as well as the challenges we face in the current environment and potential solutions.
      In the afternoon, we held group-based thematic discussions, during which everyone shared their perspectives on two key areas: talent development and market expansion. After a lively exchange of ideas, we arrived at some valuable insights: Regarding talent development, the company’s management should place greater emphasis on nurturing new recruits and building strong teams, as this will inject powerful and sustained momentum into the company’s ongoing growth.
      On the second day of the conference, the group leaders of the breakout sessions shared their insights on talent development and business expansion. Dong Aihua, Deputy General Manager of Zero One Industrial Company, analyzed the market conditions in the motor and gear reducer industry and outlined how the company can leverage team building and market exploration to seize market opportunities and achieve its five-year goals. Hu Qiuyuan, Assistant to the General Manager of the Automation Systems Division, presented a detailed plan for talent development as well as some ideas for introducing new product lines. Lei Shengchu, General Manager of the Mechanical Transmission Department, drew on Zhengda’s 18-year journey of pioneering new frontiers and cultivating talent to help us summarize our experiences, learn from our mistakes, reflect on our failures, and grow through continuous learning. Finally, General Manager Lin Yi once again emphasized the critical importance of talent development for our future growth. This requires both new and veteran members of Zhengda to influence and learn from each other, work hard together, and bravely move forward even in challenging circumstances.
      In 2015, with everyone’s collective support, the company successfully achieved several “from zero to one” milestones. In 2016, as we bring in more talented individuals, all employees will surely work together in unity and make joint progress, injecting even more vitality and dynamism into the future of ZeroOne Industrial Company.
      (Affiliated Company: Cai Chao)