Dear leaders and all employees of Yongkaida Company
Good morning, everyone!
First, please allow me to extend New Year’s greetings on behalf of the Chairman and the Board of Directors.
As the New Year draws near, our Yongkaida family has once again gathered together to bid farewell to the hard-fought year of 2017 and welcome the hopeful year of 2018.
On the occasion of bidding farewell to the old year 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 hard work to the Company’s development over the past years. We also extend our warmest wishes for your health, success in all endeavors, and lasting happiness for you and your families in the year ahead.
The soon-to-be-past year of 2017 holds special significance for all of us at Yongkaida, as it marks the 30th anniversary of our company’s founding. Even as the celebratory drums and gongs still echo in our ears, we have received another piece of good news: through relentless effort, we have written a new chapter in Yongkaida’s history—our Sales revenue reached RMB 200 million, a 44% increase year over year.
In 2017, while sales revenue grew, the company also made significant progress in all other areas of its operations.
1) The transition audits for the Quality Management System and the Environmental Management System have been successfully completed;
2) The company has continued to make significant progress in technological advancement, R&D, and process development: four pieces of automated equipment have been independently designed and manufactured, and eight existing pieces of equipment have been upgraded; furthermore, in 2017 we were granted five additional patents.
3) Since being recognized as an Intelligent Workshop by Huishan District in 2016, the EA888 gear production line has once again been awarded the title of Municipal Intelligent Workshop this year.
4) Significant achievements have also been made in enhancing employees’ skills, with a number of outstanding individuals and teams emerging—diligent learners who are committed to mastering technical expertise, hardworking, and trustworthy. On their respective posts, they have contributed valuable ideas and efforts to the development of Yongkaida Company. strategy, has made tremendous contributions.
In 2017, we established the Huang Xin and Model Worker Studio; a total of 25 individuals received various awards at the city, district, and town levels; and the company conferred 73 individual awards and 6 collective awards.
Today, the company will honor outstanding individuals and teams that achieved excellent results in 2017, with a total prize pool of RMB 300,000. On this occasion, we extend our warmest congratulations to the recognized teams and employees! This honor is not only theirs individually—it is also a source of pride for the entire Yongkaida family.
While we have achieved notable results, we must also recognize clearly that greater difficulties and challenges lie ahead: increasing the production capacity of the company’s existing manufacturing lines—for example, the EA888 gear production line, which reached 1.4 million sets in 2018; expanding production of large gears for oil-free compressors and centrifugal machines; advancing the R&D of new projects; resolving technical bottlenecks; and establishing mass-production capabilities.
Dear colleagues, Yongkaida continues to uphold the original objectives set at the company’s inception—pursuing a product strategy focused on high-end, precision, and cutting-edge solutions. At the same time, we are keeping a close eye on future industry trends: while maintaining strong performance in traditional automotive engine components, we are actively engaging in and expanding our presence in the new-energy vehicle sector. We are pleased to report that, among the five new-energy vehicle projects currently under development, one has already achieved a significant technological breakthrough and will enter the substantive negotiation phase next week.
Dear colleagues, as 2018 draws near, the achievements we have attained so far represent only the past. Let us take the milestone of our 30th anniversary as a new starting point, bravely face the challenges that still lie ahead, stay true to our original aspirations, keep our mission firmly in mind, and embark on a new journey. To this end, the Board of Directors calls on all employees to hone our core competencies, foster mutual understanding, and work together in unity and collaboration—so that together we may forge a golden path of enduring success for Yongkaida.
As the New Year approaches, let us encourage and bless one another. I propose that we all shout “Happy New Year!”—and then say it again...
Finally, I wish everyone here a pleasant morning. Thank you!
Deputy General Manager Gu Xiqiang
December 28, 2017