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Striving Forward丨Geron Steel Wire Convenes Q1 Business Review Meeting

2020-06-17

Striving Forward丨Geron Steel Wire Convenes Q1 Business Review Meeting

On the afternoon of April 24, 2020, Geron Steel Wire successfully held its Q1 Business Review Meeting, chaired by Coordinator Qiu Chunying. Attendees included board members, management personnel, and key operational staff.

Financial Performance Review

The Finance Department presented a comprehensive analysis of Q1 operations, covering sales, costs, and expenses. Strategic improvement measures were proposed from a financial control perspective.

Sales & Market Insights

The Sales Department reported on Q1 sales performance and payment collections, objectively analyzing the current industry climate and client dynamics. It highlighted the severe external challenges posed by the COVID-19 pandemic, emphasizing the need for proactive preparedness.

Production Cost Analysis

The Production Department provided a detailed breakdown of Q1 output and cost efficiency metrics.

Product Quality Assessment

The Quality Inspection Department reviewed internal and external customer feedback on product quality, outlining prioritized quality management initiatives for the next phase.

Leadership Addresses

General Manager Cao Zhiqiang identified operational shortcomings and reiterated annual targets. He emphasized dual priorities for Q2:

  • External: Developing new markets and clients
  • Internal: Implementing rigorous cost-saving measures

Chairman Wei Xianliang called for strategic agility amid pandemic-driven uncertainties, urging enhancements in:

  • Strategic intelligence gathering and analysis
  • Risk control frameworks

He rallied the team to uphold the "Steel Legion Spirit"—perseverance and relentless innovation—to achieve new milestones.

Accountability Reinforcement

  • Target Responsibility Agreements were signed by key personnel to ensure goal alignment and execution.
  • An Integrity Pledge signing ceremony was conducted to reinforce ethical practices among management and critical roles.