Hunan Luzhi New Material Technology Co., Ltd.

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The company successfully held the 2024 Mid-Year Summary and Planning Meeting.

2024-08-15

News / Lu Zhi News Flash

2024 Work Conference

At 9:00 a.m. on August 12, 2024, the first-half summary and planning meeting of Hunan Luchizhi New Materials Technology Co., Ltd. was held promptly in the conference room on the first floor of Building East at the Hunan University Science and Technology Park.

The meeting was chaired by Wang Xiangtao, Deputy General Manager of the company and General Manager of the Admixture Division. Attending the meeting were Wang Xianghong, Chairman of the Board; Wen Yanlong, General Manager; heads of various departments; and some newly appointed personnel in key positions.

One

The company’s general manager delivers a report on the first-half business performance.

The meeting was first briefed by General Manager Wen Yanlong. The company’s overall operational performance for the first half of 2024, along with an analysis of the challenges encountered during operations and the key work plans for the second half of the year. In the report, General Manager Wen stated: The situation remains severe this year. We The whole Personnel, especially Project Employees need to Fully recognize To The particularity and complexity of the current critical period ， Currently We The development of the new project is insufficient, and information exploration across different zones is lacking. Entire ， There are also disconnects in the tracked projects, and moreover, operating costs are relatively high—so it’s imperative to strengthen cost control and management.

Wen Yanlong requested that in the second half of the year, efforts should be focused on intensifying business development and follow-up, improving the bid-winning rate, and striving to achieve higher business performance in the second half compared to the same period last year; admixtures. The business segments have gradually expanded and diversified from the original highway sector into areas such as railways and hydropower, with the company... We’ve already obtained the CRCC certification, and we’re now collaborating on our first railway project—the Shenzhen-Shantou Railway, undertaken by China Railway No. 23 Bureau. Everyone should deepen their understanding of the railway market, promptly familiarize themselves with relevant project details, and take proactive measures to stay ahead of the curve, enter the market at the right time, and seize opportunities precisely. As for the Maintenance and Reinforcement Division, we’ll continue strengthening our sales team, expanding our sales channels, and relentlessly exploring new materials to create fresh growth drivers for the company. The R&D department has now completed its team formation, with highly qualified personnel—most holding master’s degrees or higher in related fields and boasting substantial industry R&D experience and achievements. We hope that the R&D department will continue to develop even more innovative and competitive products in the coming period. At the end of his report, General Manager Wen emphasized: Everyone must fulfill their duties conscientiously. Unity Mutual assistance ， The new goal has been set, the new journey is about to begin, new opportunities have arrived, and we will surely go all out to meet the new challenges. Let us, under the leadership of Chairman Wang, ... Hand in hand, moving forward together. ， Together, Hunan Road Zhi and Zhong Road. Smart Fortress Build Become Traffic New building materials Field Constantly Rising Well-known Brand.

Two

Each functional department at headquarters will deliver reports and present awards for the first half of the year. “Outstanding Employee Award”

Heads of the R&D Department, Production Plant Department, Business Department, Administration Department, and Finance Department will attend. Mid-2024 Summary Plan Report.

Next, General Manager Mr. Wen will read aloud. “Decision on Commending Outstanding Employees for the First Half of 2024”: Following departmental recommendations and company evaluation, An Shousong, Yang Huabing, Xue Xuping, Wen Zixiong, Liu Wei, Deng Huangyi, Zeng Xuan, and Lü He have been awarded the “Outstanding Employee Award” for the first half of the year. Pan Siwēi has been awarded the “Best Newcomer Award,” and Huang Qiandong has been awarded the “Departmental Collaboration Award.” Each recipient will receive a special bonus of 1,000 yuan.

The winners posed for a commemorative photo with company leaders.

Three

Chairman Wang Xianghong delivered an important speech.

Mr. Wang Xianghong, the company’s founder and chairman, delivered a speech to the attendees entitled “ Call to Action for Breakthrough: Join Forces to Overcome Challenges and Usher in a Brand-New Chapter A key speech on the overall development of the company, themed around...

Chairman Wang pointed out that the situation is severe and urgent, and we must make changes and swiftly carry out our work in accordance with the following five key areas:

1. Forging the Soul Through the Furnace: Honing and forging the soul of the enterprise through challenges. The current grim situation and the various challenges our company is facing represent a challenge for us. If we compare this challenge to a furnace, our team is like the metal being forged within it. Through continuous tempering and rigorous testing, we’ll ultimately forge the core spirit and values of our enterprise! When confronted with challenges, let’s rise to the occasion and meet them head-on. “Only by entering the tiger’s den can you catch the tiger cub.” Drawing on the spirit of Hunan people—“able to endure hardship, tough as iron, and patient in the face of adversity”—let us raise loud slogans such as “Though Chu may have only three households, it will surely bring down Qin,” and “If China is truly doomed to fall, it can only be when all the people of Hunan have perished!” Let us march forward bravely, never retreating a single step!

2. Fighting side by side and uniting our strengths to move forward: Together, we’ll build an unbreakable, wolf-like team.

Unified Goal: To build a first-class domestic and internationally advanced new materials enterprise—Hunan Luzhi. “Smooth roads, harmonious people, and smart innovation drive us toward a bright future—dedicated to providing customers with comprehensive solutions for concrete engineering projects.” Zhonglu Zhigu emphasizes “intelligent control of safety and unwavering commitment to quality, making structures even more robust.” At the same time, it articulates the company’s core values: building on standards, soaring with efficiency, measuring performance through rigorous assessment, infusing innovation as our soul, and using collaboration as our bridge. Our team must be resilient, decisive in our actions, and resolute and prompt in execution—possessing strong执行力 and absolute obedience to commands!

3. Laying the Foundation for Dreams, Pooling Strength to Tackle Tough Challenges: The Company’s Four Key Priorities

Specifically, we will intensify efforts to attract top talent; step up product R&D, expand the variety of our company’s products, and broaden our sales channels; accelerate the development of our maintenance and reinforcement material series and increase investment in financial resources, thereby strengthening and scaling up our Maintenance and Reinforcement Division and injecting new vitality into the company’s growth. The Admixture Division will... Consolidate the existing admixture market while... Actively expand into new business areas, targeting markets such as railways, water conservancy, and new energy sources like nuclear power, wind power, and photovoltaics. Appropriately explore the business of admixtures for commercial concrete in state-owned enterprises, and focus on boosting the sales value of admixtures to lay a solid foundation for the company’s development.

4. Optimize and upgrade, reshape efficiency—“Breaking the Cocoon to Become a Butterfly”

Strictly adhere to standardized management and optimized processes, refine performance evaluations, establish a systematic compensation system and a clear career advancement framework. Compensation and benefits should be benchmarked against the top five companies in the industry, ensuring employees earn a decent living while the company achieves sustainable growth. At the same time, we must also upgrade our efforts in cost optimization, quality enhancement, and service refinement. Only by providing enthusiastic, attentive, timely, and meticulous service can we deliver an outstanding user experience to our customers.

5, Master the key areas, plan for the future: The company is strategically focusing on key areas.

The Maintenance and Reinforcement Division, taking materials as its foundation, is accelerating the development of new markets and new customers. The Admixture Division will next focus wholeheartedly on business acquisition efforts, making every possible effort to secure new projects and expand into new areas. It should proactively request the company’s resources and support as needed. In the second half of the year, we must achieve outstanding results in business acquisition and strive to fulfill the annual targets set earlier this year, thereby creating favorable conditions for the company’s healthy development. Additionally, we will immediately launch cost optimization initiatives by establishing a dedicated Cost Optimization Team, which will assume full responsibility for all aspects of cost reduction and efficiency improvement.

Finally, Chairman Wang pointed out: The current market environment is highly unpredictable, and industry competition is intensifying day by day—both of these pose unprecedented challenges to us. Yet it is precisely these challenges that have forged in us an even more resilient and unwavering spirit and ignited in us an even greater fighting spirit. Here, I’d like to emphasize that no matter how grim the situation may become, we must never lose confidence, nor can we ever fight alone. We must firmly believe that the power of our team is limitless. As long as we join forces, work closely together, and remain united, there will be no difficulties we cannot overcome and no shores we cannot reach. Let us face these challenges with even greater conviction and closer teamwork, and let us seize opportunities together. In times of difficulty, we must support each other and shoulder burdens jointly; when success comes, we must share our joy and celebrate together. After all, we are one team—a single, inseparable whole. Our fates are closely intertwined, and our collective success will surely belong to each and every one of us!

Four

Wang Xiangtao, General Manager of the Admixture Division, and Zhou Yingjie, General Manager of the Maintenance and Reinforcement Division, each delivered a summary and plan report for the first half of the year.

After the two business divisions have completed their reports, according to the company’s arrangement: General Manager General Manager Wen, Zhang Zhiwei from the Operations Department, Cai Wen from the Procurement Department, Lü He from the R&D Department, and Teng Wensheng will join the discussion held by the Admixture Business Unit. Wang Xiangtao When chairing the discussion for the Admixture Business Unit, the most important thing is that the volume of newly signed contracts in the second half of the year must increase. We’ll focus our discussions on key areas related to the next phase of business development. ； Chairman Wang of the company, Li Wenjun from the Administration Department, Ouyang Cheng from the Finance Department, and Huang Liao, Liu Wei, Hu Da, and Gao Chao from the R&D Department participated in the discussion of the Maintenance and Reinforcement Division. Zhou Yingjie chaired the meeting. The discussion focused on two key areas: first, building a robust product system with stable and reliable quality; and second, achieving breakthroughs in the next phase of business operations during the third quarter. New product Monthly sales up How to reach 1 million 。

Subsequently, as requested by the meeting, the two groups separately organized and held discussion sessions based on their respective topics. Each group closely focused on the key indicators for the second half of the year and, drawing on the actual conditions of their respective markets, enthusiastically showcased their best expertise and capabilities. “The blade is drawn—let’s join forces to break through!” The breakout discussion sessions lasted as long as three hours, during which both business divisions presented practical and feasible measures and confidently pledged to resolutely achieve the company’s targets for the second half of the year!

Five

The Chairman delivered a concluding speech at the meeting.

Evening Around 7 p.m., all the procedures for the semiannual meeting had been completed. The moderator once again invited the Chairman of the company to deliver a concluding speech. Chairman Wang gladly accepted the invitation and took the stage, declaring: “Today’s mid-year meeting was an absolute success! Although the current market situation is extremely challenging, I’m delighted to see that both business divisions are brimming with enthusiasm, full of confidence, and implementing effective plans and measures—especially the Admixture Division, which has already mapped out specific targets for every sub-region in the second half of the year. I’m confident that you’ll be able to overcome any difficulties and successfully achieve all your set goals. Moving forward, our headquarters’ functional departments—finance, administration, operations, R&D, and plant management—will provide every possible form of support and vigorously assist the business divisions in fulfilling their annual overall objectives. I firmly believe that as long as we remain united and work together with one heart, nothing can stand in our way. Though the road ahead is long and fraught with uncertainty, I’m convinced that as long as we join hands and forge ahead courageously, we’ll surely usher in our own victory and glory! Come on! Let’s write together a legendary chapter of our own!!”

Perfect ending: Cozy gathering, interactive exchanges, and envisioning the future.

After the meeting, to express our gratitude for everyone’s hard work in the first half of the year and further strengthen team cohesion, the company specially arranged a dinner at a Xiangxi-style cultural restaurant located near the municipal government on Jinxing Middle Road in Yuelu District, Changsha.