Zhang Xinwen, Director of Shandong State-owned Assets Supervision and Administration Commission, led a delegation to Weichai

On April 13, 2015, Zhang Xinwen, director of the Shandong Provincial State-owned Assets Supervision and Administration Commission and party secretary, led the provincial SASAC investigation team to Weichai Research to understand the company’s development in the new normal economy, explore and summarize development experience and highlights, and conduct on-site office work. Solve the problems in the development process for the enterprise.

Accompanied by Chairman Tan Xuguang, Zhang Xinwen and his party visited Weichai Foundry Industrial Park Phase III, No. 1 Plant, No. 2 Plant, Product Laboratory and Science and Technology Pavilion. In Weichai Industrial Park, Zhang Xinwen learned more about the current production and operation of the company, and the application of the integration of the two in the entire product life cycle. He deeply perceives the "Three Acts of the Tribulation" in the role of the company's phoenix nirvana, and specifically proposed to The Weichai’s highlights such as independent innovation, informatization construction, and the establishment of communication platforms for employees are summarized and promoted.

Zhang Xinwen, Director of Shandong State-owned Assets Supervision and Administration Commission, led a delegation to Weichai
Zhang Xinwen, Director of Shandong State-owned Assets Supervision and Administration Commission, led a delegation to Weichai

At the forum held on the same day, Tan Xuguang briefed Zhang Xinwen and his party on the operations and development experience of Shandong Heavy Industry and Weichai Group. Tan Xuguang believes that the rapid development of Weichai in the past decade has its roots in the clear strategic direction and path of the company, the strategic thinking of the management team, and the strategic decision-making power at key moments; the boldness and publicity of bold reforms, and unwavering reforms. Constantly deny self, face up to contradictions and dare to hit hard; always maintain a high investment in technology research and development, adhere to the combination of independent innovation and open cooperation, establish a “rely on me, link innovation” R&D mechanism; rationally recognize and use the power of capital , Adhere to the main business operations, capital operation support, to achieve two-wheel drive of industrial operations and capital operations; to create a hard-fighting, executive force of the talent team, nurturing the responsibility-oriented, passionate officers Weichai culture.

With more than ten years of rapid development and long winds and waves, Tan Xuguang also profoundly analyzed the problems existing in the company's corporate governance, industrial investment, and the integration of overseas M&A companies. Subsequently, Jiang Kui, general manager of Shandong Heavy Industry Group, and Xu Hong, Zhang Quan, Lu Shousheng, and Hu Haoran, general managers of Weichai Group, introduced the overseas mergers and acquisitions, party building work, market conditions, human resource management, and technological innovation. Put forward relevant opinions and suggestions.

For the rapid development of Shandong Heavy Industry and Weichai Group, Zhang Xinwen fully affirmed. The leaders of the SASAC who came to visit and research conducted comments and commented on the company’s development. They also expressed their opinions and suggestions on the development of the company. At the same time, they expressed that the SASAC will work hard for the company to do a good job of service and promote the development of the company.

Zhang Xinwen pointed out that looking at the scene and listening to the introduction, Weichai's development model was not developed overnight, and it was a result of perseverance and continuous reform. This time, he systematically listened to the introduction of Weichai's development experience and expressed sincere admiration for the development of Weichai. Standing at the commanding heights of China's manufacturing industry, Weichai sums up the experience and analyzes the accuracy of the issue. Next, the SASAC will face it. Chai's "three-three system" reform, technological innovation, talent introduction, and corporate culture are summarized and refined, and template-type models are established to promote them in provincial management enterprises.

Zhang Xinwen believes that a successful company must have a good leadership team and a courageous leader. Chairman Tan Xuguang is a hard-working entrepreneur who does not engage in formality, is not remorseless, and has a solid job. Under the current situation of increasing downward pressure on the economy, it is hoped that Shandong Heavy Industries will take a good lead, withstand pressure, open up markets, and make contributions to the economic development of Shandong Province. The more economic downturn, the more time it is for structural adjustment, mergers and acquisitions, and occupation of the market. We hope that Shandong Heavy Industry can seize the opportunity to exert the influence of advantageous assets and brands, increase market share, and increase brand influence. Leading the new normal economy, the Shandong State-owned Assets Supervision and Administration Commission will fully support the development of Shandong Heavy Industry and Weichai Group.

In response to the problems encountered during the development of the company, Zhang Xinwen also issued a "prescription." First, the company must resolutely manage its loss-making enterprises and stop bleeding points while maintaining profitability. Second, it must actively explore new business models, strengthen independent innovation, and promote major technological innovations. The SASAC will play a platform for collaboration and integration. The role of the third is to do a good job in propaganda planning, the use of new modes of communication, do a good job of corporate brand communication.

Tan Xuguang stated that Zhang Xinjiji has provided very good guidance for the development of Shandong Heavy Industry and Weichai Group. It must be well researched and implemented. In the face of the current situation, it actively responds to, deepens reform, transforms and upgrades, drives innovation, and leads the economy. Develop new normality.

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