NEWS
Yongkaida
2017 New Year’s Eve Gala
Release time:
2016-12-30
Good morning, esteemed leaders and all employees of Yongkaida Company! First of all, please allow me to extend, on behalf of the Chairman and the Board of Directors, our warm New Year greetings to each and every one of you. As the bells of the New Year are about to ring, we at the Yongkaida family have once again gathered here today to bid farewell to the hard-fought year of 2016 and welcome the hopeful year of 2017. On this occasion of seeing out the old and welcoming the new, I have been entrusted by Chairman Rong Zhaoming to express, on behalf of the Board of Directors, our heartfelt gratitude to all employees who have devoted their diligent efforts to the company’s development over the past years. We also wish you and your families good health, success in all endeavors, and lasting happiness in the year ahead.
Good morning, esteemed leaders and all employees of Yongkaida Company!
First, please allow me to extend New Year’s greetings on behalf of the Chairman and the Board of Directors.
As the New Year’s bells are about to ring, our Yongkaida family has once again gathered here today to bid farewell to the hard-fought year of 2016 and welcome the hopeful year of 2017. On this occasion of seeing out the old and welcoming the new, I am honored to speak on behalf of the Company’s Board of Directors, at the behest of Chairman Rong Zhaoming, to express our heartfelt gratitude to all employees who have devoted their diligent efforts to the Company’s development over the past years. We wish you and your families good health, success in all endeavors, and lasting happiness in the year ahead.
Looking back at 2016, we were all preoccupied with environmental challenges such as smog, PM2.5 pollution, and traffic congestion—but how many of us paid attention to the operating environment facing our own company, Yongkaida? Over the past two years, the rapid rise of the digital and virtual economies has delivered an unprecedented blow to traditional manufacturing, and as a small private manufacturing firm, Yongkaida has inevitably been caught up in this transformation. For a long time, we heard talk of a deteriorating market environment and intensifying competition, but it always seemed like something far removed from our day-to-day reality—until it suddenly became right before our eyes. In 2016, we endured some of the most brutal battles in both technological and price competition, all while grappling with steadily rising labor costs and input costs for production materials. This is the operating environment that Yongkaida faces—and it will remain ever-present around us.
However, even in such a challenging environment, we must not lose heart or confidence, for retreating and giving up is simply not the Yongkaida way. Thanks to the year-long efforts of our management team and all employees, we achieved commendable results in 2016:
In 2016, our sales revenue reached RMB 138.99 million, representing a year-on-year increase of 23.16%. This marks another significant step forward since we first turned around and began growing in the previous year. This achievement is the result of the concerted efforts of all our employees.
In 2016, while the company’s sales revenue grew, significant progress was also made in all other areas of operation. The business plan and various annual plans formulated at the beginning of the year were largely accomplished, with all departments collectively completing 30 initiatives aimed at advancing technology, quality, and management throughout the year. As a result, the company’s overall strength continued to improve steadily, as evidenced by the following:
1. Approved by superior management and third-party and second-party assessments of safety, environmental compliance, and technical capabilities,
Acceptance and auditing of the quality management system; the company’s new logistics system is also being implemented in Workshop No. 2.
2. The company has continued to make significant strides in technological advancement, R&D, and process development: we have independently designed and manufactured four sets of automated equipment; additionally, we have invested in the retrofitting of two robotic loading/unloading systems. In 2016, we were granted 11 patents, with another four currently under examination. To date, Yongkaida has obtained a total of 30 patents, including 8 invention patents and 22 utility model patents—each one a testament to the ingenuity and expertise of our technical team.
3. Substantial progress has also been made in employee training and in enhancing staff competence, resulting in the emergence of a number of outstanding employees and teams who are diligent and eager to learn, committed to technical innovation, hardworking, and trustworthy. In their respective roles, they have offered valuable suggestions and contributed significantly to the development of Yongkaida Company. In 2016, the company received a total of 51 rationalization proposals, of which 43 were adopted; among these, 12 have been implemented and completed, demonstrating our employees’ proactive engagement in various technological improvements across the organization.
In 2016, Comrade Huang Xinhe of our company was honored as the Chief Technician of Jiangsu Province’s Enterprises and was also recognized as the “Most Beautiful Craftsman” at both the city and town levels. The work team he leads was awarded the title of “Advanced Work Team” at the city level. In addition, our employee Xu Qiwei was named a “City Technical Expert,” while Tang Wei was recognized as the “Most Beautiful Craftsman” at the town level. Furthermore, several other employees—including Lu Bing, Fan Xiao, Hua Fengming, Fei Jun, Chen Rongchang, Hu Haicheng, and Yu Xiaobin—achieved top rankings in various operational skills competitions organized at the district, town, and company levels.
It is particularly gratifying to note that Xu Qiuhai and Hua Zhengming, through their tireless efforts, have earned the title of Senior Engineer—making them the first cohort of senior technical professionals independently cultivated by our company since its establishment. Today, the company will recognize outstanding individuals and teams for their exceptional performance in 2016, with a total of 161 recipients and prize money exceeding RMB 300,000. On this occasion, we extend our warmest congratulations to all the honored collectives and employees. At the same time, we hope that more employees will, under their guidance, embody the spirit of craftsmanship and make even greater contributions to the development of both the company and themselves.
Looking ahead to 2017, we face greater challenges and a more challenging operating environment. However, we are firmly confident that, with the successful commissioning of the second phase of the EA888 gear production line, the gradual start-up of new projects such as the EA211 tensioner pulley, compressor gears, and Shangchai VM2.5 gears, and the ongoing R&D on several new projects including those for SAIC Maxus, we will not only achieve but also set new record-high performance levels.
To meet these difficulties and challenges and to ensure our survival and growth in an increasingly competitive market environment, the company will continue to prioritize efficiency and cost—two principles that will be firmly ingrained in each of us and rigorously implemented in every employee’s work and in every specific task.
Dear employees, 2017 is the Year of the Rooster, and it also marks the 30th anniversary of the founding of Yongkaida Company. As the saying goes, “The golden rooster crows at dawn,” which signifies that after half a century of trials and tribulations, Yongkaida is now poised to embark on a new chapter of growth, with an increasingly bright future ahead.
The Board of Directors calls on all employees to remain steadfast in our confidence, foster mutual understanding, and work together in unity and collaboration, striving collectively to scale one peak after another. We firmly believe that “heaven rewards diligence,” and that in the face of challenges and competition, it is the brave who prevail!
As the Year of the Rooster dawns, let us encourage and bless one another. I propose we all shout “Happy New Year!”—and then again...
Finally, I wish everyone here a pleasant morning. Thank you!
Gu Xiqiang, Deputy General Manager of the Company
December 30, 2016
Address: No. 15, JingshengRoad, Industrial Zone, Qianqiao, Wuxi
Consultation phone: Main Line: 86-510-83217781
Sales: 86-510-83217783、86-510-83217785
Mobile Phone: 86-13771255244
Email: yangxiao@yongkaida.com、gkz@yongkaida.com
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