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To earnestly summarize the gains and losses, experiences and lessons learned in the first half of the year; resolutely implement various business management targets in the second half of the year, and strive to achieve the annual goals. The Luo Shi Group's semi-annual business target management meeting was successfully held at the Luo Shi Jiangsu factory on July 5, 2024!

This meeting was divided into four sessions: ①Departmental work reports; ②The CEO announced the second half of the year's work tasks and personnel adjustments; ③Relevant managers made statements; ④Leadership speeches and singing the factory song/group photo.

【CEO Luo Qiang announced the second half of the year's work tasks and personnel adjustments】

In 2024, the company's business management goals are clear, and personnel responsibilities are clearly defined. As management, we must clarify our thinking and maintain confidence. Based on the principle of seeking truth from facts, we will summarize the work of the first half of the year and conduct a detailed breakdown and strengthening of the work in the second half of the year. In particular, the indicators that were not completed in the first half of the year must be made up in the second half of the year; we will work together to achieve the company's annual business goals.

Enterprise management values execution, emphasizes execution, and wins through execution! They are representatives of the management team and represent Luo Shi's management team in making statements.

【NVH R&D Center, Deputy Director Xu Zhenyu】

As a member of the management team of the NVH R&D Center, facing numerous projects, tight deadlines, and heavy tasks, he made a statement on behalf of the R&D team, stating that they will conduct regular training to continuously improve the capabilities of R&D personnel and build a talent pipeline for R&D personnel. Actively address the pain points and difficulties in the project collaboration process, and strive to improve project development efficiency.

【Supporting Business Department, Director Zhang Yunqing】

He analyzed the reasons for the failure to meet the sales targets in the first half of the year and proposed effective sales growth points for the second half of the year. He also stated that the indicators that were not completed in the first half of the year must be made up in the second half of the year to resolutely complete the annual sales targets.

【Planning and Production Department, Director Yang Bing】

On behalf of the Planning and Production Department, he stated that in the second half of the year, the department will focus on the four management requirements put forward by the company: “five zeros, excellent on-site 6S, continuous improvement of cost reduction and efficiency improvement, and effective learning”, and carry out work in combination with the department's actual performance goals.

Continuously promote quality improvement and achieve zero defects. For products that have been put into production, everyone should be an inspector, strictly controlling product quality, and solidifying the experience of veteran employees into written documents. For products that are about to be mass-produced, we actively participate in the product development stage in each production process, brainstorming and contributing ideas to control product quality issues in the design stage and before mass production.

Achieve zero inventory within the specified time frame. For old inventory, strictly implement the company's inventory warning system, timely track the results of business processing, and reduce old inventory; for changes in customer orders, promptly connect with the business and procurement departments, respond quickly, and prevent the formation of new overdue inventory; for work-in-progress on site, strictly follow the 8-day turnover cycle, transfer finished products to the next process immediately, actively coordinate the handling of isolated products, do not put into production products that do not match, and confirm the input and output situation and production efficiency achievement situation every day.

Zero safety accidents. The Planning and Production Department has achieved this goal in the first half of the year, and we will continue to implement daily and weekly safety inspections in the second half of the year to address safety hazards in various areas.

Zero obsolete goods. Maintain close contact with customers through the follow-up department, pay attention to customer loading progress and order execution, and confirm the order completion rate of each customer each month. Ensure that all orders have a basis, all shipped products have demand, and all products in stock can be shipped. After-sales products are classified by customer, with long-cycle and short-cycle parts and project-type and market-type customers arranged scientifically to predict safety inventory.

Zero bad debts. Strictly implement the bad debt warning system and cooperate with the business department to control the possibility of stagnant inventory.

6S is a mirror, reflecting the work attitude of our managers and front-line personnel. We start with front-line employees, each workshop has set benchmark machines to inspire the backward and encourage the advanced; we compare machines within the workshop, workshops within the department, and the company also forms a 6S inspection team for cross-departmental inspections, sharing good practices among departments and workshops, and taking the moving red flag as glory.

The implementation of the company's management goals depends on the wisdom and responsibility of grassroots cadres. He is a representative of grassroots cadres.

【NVH R&D Center, Section Chief Li Huifeng】

As a grassroots manager in the R&D center, he strives to lead the team to do a good job in the company's new product development CAD and CAE work.

New product development is the future of the company. Faced with the doubling of new product projects this year, we were not afraid, and the entire team worked together, united and struggled, maintaining high enthusiasm from the beginning of the year to the present, doing a good job in all aspects of the work. Although the road is long, it will eventually arrive; although the task is difficult, it will be accomplished.

Each of us is a staff member and assistant to the company's leadership, and our work plays a crucial role in the company's development. In our work, we must strengthen our execution ability and establish a good sense of time. For the tasks assigned by the project team, we must complete the tasks within the specified time and to the required quality, and never hold back other members of the team.

Strengthen learning and continuously improve our own quality. We should make good use of the learning platform provided by the company to improve our personal abilities. Diligence can make up for lack of talent. In order to adapt to the development of the times and the company's requirements, we have an inescapable responsibility to be a learning-oriented employee.

Go deep into the field, including the trial production workshop, the laboratory, and the entire production line from pre-treatment to packaging. Only by going deep into the field can we discover problems, continuously optimize, and better implement the development of new products.

Do a good job of sorting and summarizing. New product development, especially synchronous development with host manufacturers, often has long cycles, many requirements, and constantly changing boundaries. We should keep records of our daily work and summarize and analyze the requirements and standards of various customers. We should promptly report our work to our superiors to provide necessary references for decision-making, and accumulate and preserve basic data to adapt to and meet the company's development requirements.

'Statements are commitments, but also responsibilities. Execution is key, and persistence is essential.'

In the leadership speech session, Wang Fuzhe (Wang Zong) emphasized the Pareto principle of management, highlighting the importance of prioritizing key factors, that is, 80% of the results often come from 20% of the key factors. In terms of developing customers and projects, it is particularly important to pay attention to the importance of allocating resources reasonably. He also urged the management team to be united and dedicated, customer-centric, goal-oriented, and results-oriented!

【Wang Fuzhe (Wang Zong) Speech】

【Luo Meng League Chairman's Concluding Remarks】

He emphasized that the company's main business goals for 2024 remain unchanged. New products should be mass-produced on time, and efforts should be made to increase the supply ratio of old products. "Increasing sales, ensuring profits, and new product development" are the company's tasks. The company has clearly stipulated and annotated the work goals, methods, behavioral codes, and warnings for the management team and various departments. The management team must recognize and inherit them, and continuously enrich and develop them.

Following the semi-annual meeting agenda, all attendees went to the Baxing Lake Scenic Area to participate in an outdoor expansion activity organized by the company.

Four-person, five-legged relay race: Participating teams worked closely together, advancing together, demonstrating excellent teamwork and coordination.

Crossing the river by stepping on stones: This tested the team members' sense of balance and strategic planning, and everyone completed the challenge with laughter.

Flour relay race: The scene was both comical and tense, not only enhancing the friendship among team members, but also allowing everyone to release work pressure in laughter.

After the games, the company organized a lakeside health run for all attendees. A banquet was also held at the hotel.

At the Luo's Shares semi-annual meeting, we reviewed the work achievements and shortcomings of the first half of the year, and once again clarified the work tasks and development direction for the second half of the year. The company requires all management and employees to continue to maintain the Luo's spirit of loyalty, dedication, teamwork, and execution, maintaining consistent goals with the company with full enthusiasm, diligently fulfilling their responsibilities, and resolutely completing all the targets set by the company.