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2019 New Year Speech

2019-01-04
2018 was a truly extraordinary year. 2018 marked the 40th anniversary of China’s reform and opening-up policy and China has accelerated its step towards industrial transformation and upgrading. Against China-United States trade war and financing difficulties for SMEs, TOEC has achieved the goals of 2018 thanks to the Municipal State-owned Assets Supervision and Administration, Zhonghuan Group, the board of directors and the joint efforts of all the employees. The sales revenue reached US$ 275 million with a profit of US$ 13.47 million.
        In 2018, TOEC put 8.5% of sales revenue into R&D and upgraded the factory with PLM for R&D and MES system for production. The Fine Management still progressed on with US$ 8.74 million cost cut. TOEC finished the renovation projects of Taishan Headquarter, TOEC History Center and TOEC Sports
Center.
       TOEC was selected as one of “Two-hundred Pilots for Mixed-ownership Reform” by State-owned Assets Supervision and Administration Commission in June. TOEC has worked out its reforming plan and has made some preparation and progresses.
       I will send appreciation to every TOEC employee, clients, partners and related government bureaus.
  Looking ahead to 2019, the year will be uncertain for global macroeconomic and domestic economic outlook. TOEC will stick to its 13th Five-Year Plan and increase investment in R&D, smart factory, HR and lean management. Also, TOEC will push the mixed-ownership reform plan and reach the milestones of the plan.
  Happiness is achieved through hard work, as said by President Xi Jinping. Looking forward to 2019, we have faith and determination that TOEC will be a better company through focusing the core business.
  Happy New Year to everyone and wish full joyfulness for 2019.


President:
December 29, 2018


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