Learn from advanced experiences to improve oneself. The group company and the Heart-to-Heart company engage in paired communication.
Release time:
2015-09-29
Source:
Xinhua
This report: On June 30, Song Jingzhi, Chairman and General Manager of the Group Company, led a delegation of 11 senior executives to visit and inspect the benchmark nitrogen fertilizer production enterprise, Xinlianxin Company. Liu Xingxu, Chairman and General Manager of Xinlianxin Company, along with the heads of finance, technology, production, safety, procurement, sales, HR and other departments, had in-depth, detailed, and specific exchanges with the inspection team from Xinya Company.
During the discussion, Chairman Liu Xingxu first provided a comprehensive introduction to the inspection team about the company's basic situation and main practices. The predecessor of Xinlianxin Group was the Xinxiang County Fertilizer Plant, which was restructured into a private joint-stock enterprise in 2003, ushering in a golden period of corporate development. In 2007, it was successfully listed in Singapore; in 2009, it was listed in Hong Kong. After more than a decade of rapid development, today, relying on cost control and differentiated development, it ranks first in single-unit scale among more than 180 nitrogen fertilizer production enterprises nationwide. The production cost of urea has been 10% lower than the national industry average for 10 consecutive years. Last year, amid a situation where over 60% of fertilizer companies nationwide were losing money, Xinlianxin Group achieved an annual sales revenue of 5 billion yuan and a net profit of 210 million yuan. This year, the planned sales revenue is 6 billion yuan, with a profit target of 400 million yuan. In the first half of the year, a profit of 210 million yuan has already been achieved. The main practices are: First, adopting advanced technology. Advanced equipment and process technology are key to the growth of the enterprise. Xinlianxin Company leverages the financing advantages of listed companies, aiming for international cutting-edge equipment and top-notch process technology in nitrogen fertilizer production. While continuously upgrading and transforming operational equipment, all new projects are based on world-leading standards. The production line of the fourth factory, with an investment of over 3 billion yuan, uses the most advanced equipment and the most mature process technology in the industry, becoming the production line with optimal cost control. Second, focusing on talent cultivation. The company is committed to training practical talents, introducing professionals, and cultivating high-end talents to optimize personnel allocation. Each affiliated enterprise submits an employment plan annually, and the HR department adopts a combination of targeted recruitment, online recruitment, and designated training in higher chemical institutions to meet the labor needs of production units. A training base is established to conduct military-style expansion training for newly recruited and existing employees in phases. When new projects commence, personnel positioning and training proceed simultaneously. Third, implementing strategic planning. The group company vigorously promotes the three-year overall development plan, with annual work objectives. Each production unit and functional management department formulates its work plan around the company's work ideas, breaking down target tasks into core work, key work, and daily work, implementing them monthly and weekly for assessment. Mr. Liu told us that in today's economic environment, there is no industry with supply exceeding demand, but only companies that go bankrupt, not industries that go bankrupt. Therefore, scientifically formulating development goals, continuously updating the Business Philosophy, leveraging existing advantages, and strengthening the main business is the direction we strive for.
After the discussion, all senior executives participating in the inspection had specific business consultations and exchanges with the corresponding departments of Xinlianxin Company, setting benchmarks, forming partnerships, seeking improvement, progress, and development through learning.
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