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Shanxi's reform must not lag behind Taihua Group and turn losses into profits
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Shanxi's reform must not lag behind Taihua Group and turn losses into profits

  • Categories:Company news
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  • Time of issue:2020-08-25 14:20
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(Summary description)Taihua Group has turned losses into profits! In 2017, Taihua Group insisted on taking reform and innovation, transformation and development, and turning losses into profits as practical actions to deeply study and implement the spirit of the 19th National Congress of the Communist Party of China, promote industrial layout, adjust economic structure, and improve operation quality. The entity income increased by 18.04% year-on-year. In the whole year, it completed operating income of 4.406 billion yuan and realized profit of 50.38 million yuan. The company has stepped out of the trough of suspension of production and transformation, stopped losses and turned into profits, and developed a good momentum.

Shanxi's reform must not lag behind Taihua Group and turn losses into profits

(Summary description)Taihua Group has turned losses into profits! In 2017, Taihua Group insisted on taking reform and innovation, transformation and development, and turning losses into profits as practical actions to deeply study and implement the spirit of the 19th National Congress of the Communist Party of China, promote industrial layout, adjust economic structure, and improve operation quality. The entity income increased by 18.04% year-on-year. In the whole year, it completed operating income of 4.406 billion yuan and realized profit of 50.38 million yuan. The company has stepped out of the trough of suspension of production and transformation, stopped losses and turned into profits, and developed a good momentum.

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2020-08-25 14:20
  • Views:
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Taihua Group has turned losses into profits! In 2017, Taihua Group insisted on taking reform and innovation, transformation and development, and turning losses into profits as practical actions to deeply study and implement the spirit of the 19th National Congress of the Communist Party of China, promote industrial layout, adjust economic structure, and improve operation quality. The entity income increased by 18.04% year-on-year. In the whole year, it completed operating income of 4.406 billion yuan and realized profit of 50.38 million yuan. The company has stepped out of the trough of suspension of production and transformation, stopped losses and turned into profits, and the development momentum is good.

At the Taihua Group's 2018 Party Committee Work Meeting, Administrative Work Meeting and the Third Workers' Congress of the Fourth Session held on February 6, Taihua Group General Manager Zhang Xusheng introduced Taihua's 2017 production and operation results in the Party and Government Work Report. In terms of traditional chemical industry, Taihua has carefully formulated plans and scientifically organized production to overcome environmental pressures. It produced 540,000 tons of coke, 91 tons of fine chemical glycolurils, and 1,853 kg of precious metal platinum mesh. Taihua Group further deepened reforms, and emerging industries rose rapidly.

Relying on Taihua's fertilizer land resources, formulate planning plans, and strengthen exchanges and cooperation with well-known domestic companies of China Life, Taikang and Baoneng Group. Develop the financial service industry, set up investment management companies, and prepare for the establishment of health and cultural funds. The total scale will reach 13 billion yuan. Through active coordination and communication, Taihua broadened its source channels and raised 1.16 billion yuan in financing throughout the year.

Consolidate development momentum and accelerate project construction. Based on its land advantages, Taihua has developed and reserved orderly, speeded up procedures, and effectively organized construction. In 2017, the real estate project started 500,000 square meters and sold 200,000 square meters. The Yaocun Logistics Park in Qingxu County of Taihua is actively planning, the sales and distribution project has been submitted for approval, and the manufacturing base for solar electric vehicles and intelligent three-dimensional garage is about to be completed. A total of 449 million yuan was invested in projects last year.

Grasping the opportunity of reform, all-round slimming and fitness. Taihua promoted the "two-office" reform of enterprise-run society and large-scale factory-run collectives, solved the remaining problems in an orderly manner, and paid 52.6 million yuan in social security funds for employees in one lump sum. Caring for the lives of employees, improving their living conditions, and doing a good job in providing assistance to employees, invested 1.28 million yuan, and the care has benefited 1,179 employees, boosting morale, gathering strength, and building a good situation in people's minds.

Hu Xiangqian, chairman and party secretary of Taihua Group, said that Taihua Group is the first super large state-owned enterprise in Shanxi Province to complete the task of reducing overcapacity. Starting from the suspension of production and transformation of the synthetic ammonia branch of Taihua Co., Ltd. in April 2011, it has overcome the difficulty of reducing operating income by 1.5 billion yuan per year due to the suspension of production and transformation. A total of more than 1 billion yuan of losses have been absorbed in more than four years. For more than 6 years, in order to achieve a successful corporate transformation, Taihua people have rolled up their sleeves and worked hard to start a business. They have gone through an extraordinary journey of getting out of trouble, and have also explored more valuable experience.

 

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