The Meeting also informed the 2017 Annual Supervisory board supervision and inspection and financial final audit rectification work supervision and inspection situation, called for greater rectificati

October 29, Qinchuan Machine Tool Group Co., Ltd. held the third quarter of 2018 business meeting in the headquarters. Longxingyuan, chairman of the Group's party secretary, asked to ' face up to the difficulties and see where the hope lies; precise measures to reduce the efficiency of the power. ' It emphasizes that the group enterprises, each industrial sector should ' reposition, re-comb, and then power ', increase the reform of the institutional mechanism, optimize the allocation of factor resources, reconstruct the competitive advantage, and further stimulate the endogenous power and development vitality of the enterprise.

Tian Sha, vice president of the group, presided over the meeting. Hu Hong President briefed the company 2018 years ago in the three quarter of the operation, arranging year-end business work.

Baoji machine tool, Hanjiang machine tool, Hanjiang tools, group headquarters three divisions, Qinchuan International Financial Leasing, Shenzhen Factoring Company and other reporting work separately. Hu Hong pointed out that under the severe market situation, the group adheres to the bottom line thinking, each enterprise, each plate to ' to the stock to benefit, to the management to benefit ' as the grasp, overcomes the many difficulties and adverse effects caused by the superposition of multiple factors, strives to promote the management promotion, the key project landing, the market expansion and so on under the premise

The desired effect has been achieved.

The business work will clarify the three directions of the next stage of operation: One is ' blade inward ', management innovation, reform of the operating model.

Combined with overall budget management, major projects, ' three mechanisms ' implementation, etc., lock in the return on net assets, per capita operating income, asset contribution rate and other indicators, improve the total factor productivity of enterprises. Second, ' eyes outward ', reviewing the stock, expand the space for industrial development.

Based on innovative marketing model, to the user experience as a gripper, grab market orders, enhance product market share. Third, practice the ' double creation ' strategy.

Around the development of new products, special results commercialization and mass production, optimize the improvement of product market adaptability and other goals, focus on promoting cross-departmental, cross-enterprise ' double creation ' activities, and promote enterprise transformation and upgrading.

Longxingyuan, chairman of the Group party secretary, said in his speech that enterprises should face up to difficulties and see where they want to be; measures are accurate and power is reduced and effective:

First, we should look inward, analyze the reasons why profit and sales growth are not synchronized, and find the hedging measures and methods to reduce the efficiency.

Second, we should fully understand the ' toughness ' and ' depth ' of the group's industrial structure, and be good at taking advantage of the advantages in the many conditions of the group's product line, so as to see the hope contained in the difficulties.

Third, we should re-comb the relationship between processing and manufacturing, testing and outsourcing, and labor and other resource allocation, and then improve the per capita sales and income level. Four should closely focus on the goal of quality and efficiency, reform the existing production process and mode, promote ' microscopic ' invigorating, deeply carry out multi-level ' double creation ' activities, and constantly release the ' project system ' in new product research and development, technical improvement, management innovation in the Establishment innovation efficiency, increase assessment and incentive, so that the allocation of factor resources in deepening

Strong development vitality.

Longxingyuan stressed that the whole group should adhere to the ' to stock to benefit, to the management to benefit ' This main line does not waver, promote deepening reform, and effectively ' to reform to benefit ', face the challenge, meet the difficulties, precise application, strengthen the implementation, results oriented, and fully do a good job in the closing start.