On the afternoon of January 30th, Dejian International convened its 2023 Annual Summary Conference and Spring Festival Wine Party. Present at the event were Mr. Jin Haiyang, Party Secretary and Chairman of Dejian Holdings Limited, Mr. Ma Zhixin, Deputy Party Secretary and Vice Chairman, and Mr. Xia Kai, Deputy Party Secretary, Vice Chairman, and General Manager. Also in attendance were 80 members of the leadership team, department managers of Dejian International, domestic departments and project units, vacation management personnel in China, along with representatives of some employee family members. Additionally, the 9 overseas branches through a video conference setup.
After reviewing the Decision on Commending the Advanced Collectives and Exemplary Individuals in 2023, the leaders on the podium presented awards to the recognized outstanding collectives and individuals.
Tang Kaikai and Li Zhuang expressed their gratitude and delivered acceptance speeches as representatives of exemplary individuals. They emphasized that their individual accomplishments were made possible through the guidance, care, and support provided by the company. Looking ahead, they pledged to set higher standards for themselves, sustain their work motivation, consistently enhance their skills and capabilities, and actively contribute to the growth of the company's overseas business.
General Manager Li Ruiguo delivered a comprehensive report titled "Unswervingly Deepening Localization Construction; Strictly and Practically Standardizing Compliance Management." The report meticulously outlined the achievements of 2023, encompassing advancements in project performance and efficiency, elevation of localization management standards, sustained enhancement of business vitality, robust cost control measures, implementation of rigorous compliance management, optimization of talent functions, and fortification of team dynamics. The report candidly acknowledged challenges faced in the work, underscoring the need for addressing these hurdles. Looking ahead to 2024, Mr. Li emphasized Dejian International's commitment to earnestly implementing decisions and directives from the holding company's party committee and board of directors. The overarching work philosophy for the upcoming year revolves around "engineering contracting as the primary focus, cost reduction and efficiency enhancement, adherence to compliant operations, reliance on localized management, and deep cultivation of overseas markets."The strategic goals for the upcoming year were delineated as follows:
Firstly, Rigorous management practices and dedicated efforts to elevate the quality and efficiency of project management. Secondly, Resource integration to contribute to the development of high-quality national markets. Thirdly, Internal management and external training initiatives to invigorate existing market operations. Fourthly, Continuing commitment to compliance construction, with a focus on strengthening risk prevention and control. Fifthly, Unifying strategic thinking to consistently drive forward the agenda of localization construction. Sixthly, Emphasizing the leadership role of party building to achieve seamless business integration. Mr. Li underscored the core value that "home and everything prosper," affirming Dejian International's commitment to fostering a family culture characterized by the integration of emotions, cohesion, and collaborative creation.
Comrade Xia Kai conveyed appreciation to all Dejian International employees, with special acknowledgment for those dedicated to overseas construction over the past year. He extended congratulations to the recognized advanced groups and individuals. Highlighting the company's evolution, he emphasized Dejian International's robust market foundation, diverse industry presence, exceptional talent team, and a distinguished brand reputation developed over the years. Comrade Xia Kai encouraged all employees to value the accomplishments and steadily build upon them.
Additionally, he presented three key recommendations for Dejian International's focus in 2024:
Firstly, intensify efforts to expand into overseas markets. Actively distill operational experiences, tap into a smaller share of the domestic market for sustained profitability, enhance business cost control capabilities, and leverage the benefits of mixed ownership reform to bolster overseas market development.
Secondly, prioritize the safety of enterprise operations. Assess the operational status of the platform company, maintain a stable development trajectory, guide leaders and staff to fortify their work style and discipline, and emphasize comprehensive attention to high-quality development and heightened safety measures.
Lastly, continually reinforce team building. The international team should align with the evolving development scenario, innovate further, intensify efforts, and employ diverse strategies such as "going out" and "inviting in" to enhance the team's quality and adaptability to market dynamics.
Comrade Ma Zhixin delivered a concluding speech on behalf of the Party Committee and Board of Directors of the holding company. Initially, we extend high praise for the accomplishments and accolades of Dejian International in 2023. We fully acknowledge the outlined work plans for 2024 and provide an overview of the overall development of the holding company in 2023. Lastly, we propose four essential requirements for the operations of Dejian International in 2024:
Firstly, it is imperative to anchor targeted tasks and achieve stable growth. Given the current domestic economic environment, where the development space is somewhat constrained, Dejian International must capitalize on emerging opportunities in overseas markets. Leveraging its advantages in foreign development accumulated over the past two decades, the company should expand its market presence and strengths, ensuring the successful attainment of various indicators in 2024.
The second requirement is to focus on addressing challenges and exploring new opportunities while continually enhancing business capabilities. Considering the existing international market dynamics, there is a need to bolster the capacity for analyzing and assessing market development. Careful selection of development goals is crucial. Additionally, the company should broaden its perspective, adeptly integrate social resources, reinforce the systematic coordination among various business sectors, and strive for breakthroughs in municipal environmental protection, roads and bridges, new energy, and other sectors related to housing construction.
The third requirement emphasizes adhering to a problem-oriented approach and reinforcing basic management. Dejian International should excel in analyzing and researching the root causes of issues, demonstrating the courage to innovate and self-improve. Adherence to the guidance of Party building, the promotion of institutional construction, robust execution of cost reduction and efficiency improvement measures, orderly implementation of compliant operations, a focus on quality and safety management, and continuous consolidation of the developmental foundation are all crucial.
Lastly, the fourth requirement is to establish a solid financial foundation, ensuring the company's fiscal health and sustainability. This involves prudent financial management practices, strategic planning, and a commitment to fiscal responsibility.
The fourth priority is to instill a robust bottom-line mentality and enhance safety management capabilities. This entails maintaining constant vigilance towards risks and effectively coordinating their mitigation. Cultivating a forward-thinking approach is crucial, bolstering the capacity to anticipate and address operational risks and challenges. This involves devising contingency plans and prioritizing the safety of overseas staff. Additionally, refining employment protocols can mitigate hiring risks, while projects with substantial economic stakes necessitate reinforced accountability, clearly defined objectives, and stringent risk mitigation measures.
Comrade Jin Haiyang conveyed heartfelt condolences to the employees and their families for their dedicated efforts throughout the past year during the Spring Festival Wine Party. He emphasized the remarkable growth of Dejian International over the past two decades, evident in its consistent rise in ENR TOP 250 International Contractor rankings, progressive enhancement of brand reputation, distinctive team-building initiatives, and a strong sense of familial enterprise cohesion. These achievements vividly illustrate Dejian International's fervent dedication to work and its commendable accomplishments.
These accomplishments are not solely the result of the diligent and unified efforts of executives and employees but also stem from the unwavering support, understanding, and trust of every employee's family back home. This collective backing enables everyone to pursue their endeavors abroad with confidence and determination, striving for expansion and success. As the Chinese New Year holiday approaches, Mr. Jin extends sincere blessings and gratitude to all employees and families of Dejian International.
Simultaneously, various overseas institutions have shared New Year's greetings videos.
Despite facing numerous challenges along the arduous path to success, Dejian International sees this event as a new beginning, setting ambitious goals and assuming responsibilities collectively. Embracing the pioneering spirit of perseverance and the unwavering commitment to excellence, we pledge to propel the sustained and robust development of the company's overseas operations.