On January 17, 2025, Mr. Man Shenggang, Party Secretary and Chairman of Shandong Heavy Industry Group, met in Jinan with the management teams of eight overseas subsidiaries, including Germany's KION, Italy's Ferretti, America's PSI and Dematic, France's Baudouin, Germany's Linde Hydraulics and Ordos, and Austria's WITT. The meeting focused on an in-depth discussion of each subsidiary's operational performance for 2024 and key strategic initiatives for 2025. Mr. Wang Zhijian, Deputy Party Secretary and General Manager of Shandong Heavy Industry Group, along with other senior leadership team members, participated in the meeting.
Mr. Man Shenggang affirmed the achievements made by the group's overseas enterprises. In 2024, the overseas industries maintained steady growth, with significant improvements in operational efficiency and profitability, making an irreplaceable contribution to setting a new record for the operating performance of Shandong Heavy Industry.
Mr. Man Shenggang emphasized that the overseas industries are a critical pillar for Shandong Heavy Industry to achieve high-quality development and fully transition towards becoming a world-class enterprise. It is essential to scientifically assess the economic situation in 2025, take proactive measures, and implement precise policies to strategically plan key tasks for the entire year. We must be confident and resolute, seize global market opportunities, and effectively respond to various risks and challenges. Enhancing foresight, forward-looking perspectives, and proactiveness will ensure we firmly grasp the initiative and strive for a strong start in the first quarter to fully achieve our 2025 goals. Strengthening coordination and forming synergies, fully integrating the competitive advantages of domestic and foreign enterprises, promoting joint construction and sharing of the group's internal industrial chain, innovation chain, supply chain, and talent chain, will continuously amplify the strategic synergy effect of the group. Uniting top management and employees at all levels, stimulating vitality, and working together to draw the largest circle of common interests will maximize the innovation, entrepreneurship, and creativity of all management teams and employees, ensuring the enterprise maintains vigorous vitality, creates new situations, reaches new heights, and writes new glories.
The heads of the overseas enterprises respectively presented their reports. They stated that the global industrial resource advantages of Shandong Heavy Industry have provided crucial support and strong impetus for the continuous positive development of overseas enterprises. In 2025, they will further deepen business collaboration, strengthen competitive advantages, expand the global market, and challenge higher business goals.