On January 19, 2025, the joint-stock company held a grand 2024 annual summary and commendation conference at Fangyuan International Hotel. The theme of this conference is “Continuous Breakthrough, Wisdom for the Future”, aiming to review the glorious achievements of the past year, commend the advanced, and plan for the development of the new year, inspiring all employees to work together and move towards higher goals.

The conference kicked off in a warm atmosphere, with company leaders, department (workshop) management cadres, and employee representatives gathered together to witness this important moment. At the beginning of the meeting, the company’s general manager Zhang Qibin extended New Year greetings and blessings to all employees and their families on behalf of the company, and expressed sincere gratitude for everyone’s hard work and dedication over the past year.

一、Commending advanced individuals

The conference commended outstanding and honored employees for the year 2024. They have made outstanding contributions to the development of the company through their outstanding performance. The award-winning representative stated in their speech that they will continue to work hard and contribute their efforts to the development of the company.

Outstanding Employee Awards

Honorary Employee Awards

二、Company year-end inventory

01Annual Work Report of the General Manager of the Joint Stock Company

General Manager Zhang Qibin presents the 2024 annual work report. The report points out that in 2024, all employees will unite as one, overcome the impact of the severe and complex economic situation, successfully complete the annual work tasks and business goals, achieve healthy, sustainable and stable development of the company, and the total sales revenue of the joint stock company will reach a historical high.

Mr. Zhang briefly reviewed the work in 2024 and summarized the significant achievements of the company in new product development, market expansion, capacity expansion, cost reduction and efficiency improvement, quality control, talent development, and cultural construction. At the same time, it also candidly pointed out the current problems and shortcomings. Facing the challenges and opportunities of 2025, Mr. Zhang has put forward clear work requirements. He emphasized that all companies must try their best to overcome all difficulties and ensure the smooth achievement of the annual goals and tasks. We need to strengthen goal management, establish a sound performance evaluation mechanism, and focus on both incremental and new customers. Actively promote new product development projects, strengthen product lifecycle management, and optimize the company’s business structure. Give full play to the platform advantages of national and provincial high-tech enterprise research and development centers, accelerate the integration of technological innovation resources, grasp the direction of core technology research and development, and concentrate resources on developing core automotive and home appliance component businesses. Persist in promoting technological progress through multiple channels and levels, reducing development risks, shortening development cycles, and seizing market opportunities. Strengthen the construction of technical teams, introduce and cultivate mid to high end technical talents. Strengthen the process, standardization, and normalization of new product to mass production, and accelerate the transition from mass production.

02Chairman’s speech

The chairman of the joint-stock company, Shi Xiaoyou, delivered a speech. He highly praised the achievements of the company in 2024 and put forward hopes and requirements for the work in 2025. He emphasized that in the face of the ups and downs of the market situation and increasingly fierce competitive pressure, companies should always prioritize talent cultivation and cost reduction and efficiency improvement, continuously deepen lean management, and promote high-quality development of enterprises.

The conference ended successfully with warm applause. This conference not only summarized the achievements and experiences of the past year, but also pointed out the direction for the development of the new year. All employees will take this conference as an opportunity to strengthen their confidence, seize opportunities, actively respond to challenges, and strive to achieve the company’s 2025 business goals, jointly creating a new situation for the Baida cause.