On January 18, Shandong Heavy Industry Group held its 2025 annual meeting in Jinan to summarize the Group's 2024 economic performance, analyze current internal and external situations, and scientifically plan key work arrangements for 2025, embarking on a new journey to reach new heights and achieve new accomplishments. Man Shengang, Party Secretary and Chairman of Shandong Heavy Industry Group, delivered a speech titled 'Forever being industrious, forever standing at the forefront, and forever striving for the first place- Accelerating Towards a World-Class High-end Equipment Multinational Group.' Wang Zhijian, Deputy Party Secretary and General Manager, presided over the meeting, while Ye Jianjun, Deputy Party Secretary and Director, announced the commendation decisions.
Man Shengang pointed out that 2024 was an extraordinary, challenging, and remarkable year in Shandong Heavy Industry's development history. The Group's new leadership team maintained clear-minded rationality, high morale, and passionate dedication, developing through inheritance, innovating while maintaining principles, and advancing while building on past achievements. Despite dual pressures from insufficient global economic growth momentum, increasing unstable and uncertain factors, and intensified domestic competition in the low-performing equipment manufacturing industry, the Group achieved record-breaking results across all major operating indicators. Annual consolidated revenue reached 550 billion yuan, up 9% year-on-year, while total profit reached 28.1 billion yuan, up 29% year-on-year. The Group maintained continuous improvement in operational efficiency and industry-leading profitability, ranking first among provincial state-owned enterprises. Overall, the Group demonstrated continuous optimization of market layout and strengthened industry-leading advantages. Global coordination underwent comprehensive upgrade while overseas industrial development became more stable. Export growth maintained high levels with more prominent contribution from business increment. Innovation-driven development accelerated with more vibrant technological momentum. Reform deepening was comprehensively strengthened with a more complete group control system. Additionally, ideological consensus continued to consolidate with stronger cultural leadership.
Man Shengang emphasized that in 2025, the Group will focus on achieving a victorious conclusion to the '14th Five-Year Plan' and planning well for the '15th Five-Year Plan' by fully advancing the '12345' development strategy.
'1': Targeting the Overall Goal of Building a World-Class High-end Equipment Multinational Group with Technology Leadership and Green Development
'2': Striving for 'Dual Breakthroughs' in Revenue and Profit, Continuously Advancing Toward Higher Quality Development
'3': Fully Accelerating Three Major Strategic Transformations in New Energy, Digital Intelligence, and Aftermarket Services
'4': Focusing on Four Major Reforms
♦ Building a scientific management control system based on the principles of 'Strong Headquarters, Large Industries, Fewer Levels, Wide Span'
♦ Strengthening talent team building with goals of 'Internationalization, Specialization, High-end Development, and Market Orientation'
♦ Accelerating innovation mechanism reform oriented toward 'Striving for Excellence, Emphasizing Effectiveness, Fostering Ecosystem, and Stimulating Vitality'
♦ Deepening industrial integration and optimization following the mainline of 'Optimizing Core Business, Expanding New Business, Promoting Synergy, and Ensuring Safety'
'5': Resolutely Winning Five Major Campaigns
♦ Resolutely winning the battle for domestic market volume and position advancement
♦ Resolutely winning the battle for steady improvement in overseas operations
♦ Resolutely winning the battle for high-level export growth
♦ Resolutely winning the battle for technology innovation momentum
♦ Resolutely winning the battle for operational management quality and efficiency improvement
Man Shengang emphasized that achieving the Group's strategic objectives crucially depends on building a management team with global leadership and influence. Management teams at all levels must maintain crisis awareness and grasp the pulse of the times to build effective learning ability; dare to challenge themselves and actively seek innovation and change to build transformative drive; maintain an open mindset and benchmark against world-class standards to build global management capability; establish overall awareness and deepen co-creation and sharing to build strategic synergy; and consolidate ideological consensus and inspire team morale to build cultural leadership. The teams must firmly anchor themselves to 'Leading the Way and Shouldering Major Responsibilities,' focusing wholeheartedly on core business, following through with the blueprint, looking forward in unity, rolling up their sleeves to work hard, and jointly pushing Shandong Heavy Industry's various initiatives to new heights and creating new prospects, striving to write a new chapter of high-quality development.
The meeting recognized and rewarded Shandong Heavy Industry Group's outstanding organizations and individuals for 2024. Man Shengang presented awards to units winning first prize, second prize, and special contribution awards in the 'Fourth Quarter Campaign,' while Ye Jianjun presented awards to the 2024 Corporate Culture Stars and Corporate Culture Model Units.
The meeting included the signing of 2025 party building work target responsibility statements and business target responsibility statements. Man Shengang signed the 2025 Shandong Heavy Industry Group’s business target responsibility statement with Wang Zhijian and party building work target responsibility statements with party organization leaders of subsidiary enterprises. Wang Zhijian signed 2025 business target responsibility statements with main leaders of subsidiary enterprises.
Senior executives from Weichai Group, Sinotruk, Shantui Construction Machinery Co., Ltd., Weichai Lovol Intelligent Agriculture, Shaanxi Heavy Duty Automobile, and KION Group made commitment speeches for a strong start in the first quarter.
During the annual meeting, special report sessions were held where experts delivered presentations on global economic outlook, new energy and digital transformation development, and global brand and cultural development.
More than 700 participants attended the meeting in person, including Shandong Heavy Industry management members, headquarters staff, and management members of major domestic subsidiary companies, overseas company management, and assigned representatives.
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