2020, with change

-- New Year's day 2020 dedication

All staff, customers, dealers, suppliers and all friends who care about the development of lingyu:

Everybody is good!

At the beginning of the New Year, everything is renewed. The New Year's bell ringing, on the occasion of the arrival of the New Year, I on behalf of the chairman of the board of directors of the company Li Zhimin and company leadership team members, to all employees and their families, the retired veteran comrades, cimc LingYu concerned about and support the development of clients, leadership, distributors, suppliers and partners from all walks of life the most sincere greetings and heartfelt thanks, I wish you all a happy New Year, happy life!

2019 marks the 70th anniversary of the founding of the People's Republic of China and a crucial year for the building of a moderately prosperous society in all respects. In 2019, despite the global economic slowdown caused by the rise of trade protectionism, the Chinese economy continued to show a steady and positive momentum, with the economic growth rate ranking first among major economies in the world. China is committed to opening wider to the outside world, upholding the multilateral trading system and promoting joint development. Bb0 ” To share development dividends with the world, bring more opportunities to the world and become an important engine of world economic growth. Domestically, the government has intensified counter-cyclical adjustment, and the national economy as a whole remains within a reasonable range. GDP growth is expected to remain at around 6.1% for the whole year.

In 2019, under the severe and complex background, cimc group, relying on industrial transformation and upgrading, still achieved steady development, with many business sectors showing frequent highlights. In 2019, cimc group added 7 authoritative certifications of world champions, which have accumulated to Made in China ” It has built more than 20 world champion products. Cimc vehicle group was officially listed on the Hong Kong stock exchange on July 11, becoming the first share of a semi-trailer manufacturer and the fourth independent listing platform of cimc group. While exploring the road of capitalization and expanding the financing space, cimc continued to improve the international management level and increase the brand premium. Mr. Li guiping, CEO and President of cimc vehicle group “ Product upgrading, production line transformation and upgrading, organization reconstruction ” The guiding ideology of the 18-character strategy and the board of directors of lingyu “ Subtraction & throughout; Under the guidance of the spirit, with the concerted efforts of all the staff, cimc lingyu achieved a new record high in the annual business performance in 2019 and achieved the annual target of production and sales of over 10,000 sets at the beginning of the year. For the full year, sales are expected to grow 23% year-on-year; Revenue rose 11 per cent year on year. No doubt, this is all lingyu people with hard work and sweat for the bright eye report card! Here, on behalf of the company's management, I would like to express my heartfelt thanks to all the employees for your hard work and dedication in the past year.

In 2019, the sino-american trade friction excitation strengthening macro regulation, infrastructure investment increased significantly, overrun overload continued to strengthen, the area of the six countries five switch in advance, and regulations HuaQing quantitative trend obviously, change trend of the industry under the influence of reduction and a series of positive factors, the national situation lasted for 2018 years, explosive truck market, industry growth lasted for three consecutive years!

In 2019, we passed the early market research keenly aware of the industry trends, higher strength and by sales personnel allocation adjustment and complete marketing policy, host resources reserves, the development of distribution network measures such as prepared ahead of time, along with upgrades, financial services, policy incentives to upgrade, such as the strong support, using a variety of forms to strengthen with the customer of the viscosity, fully meet the market demand, promote the steady improvement of market share!

In 2019, we pay close attention to the update and introduction of the industry, policies and regulations in real time. Starting from the pain points of the market and customers, we timely launched heavy-duty products in the first half of the year to win the favor of the market through sensitive market docking and quick response. We also laid out lightweight regulatory products in advance, bringing effective increment in the second half of the year. Products for the market service awareness continued to strengthen!

In 2019, by building the core supply chain ecosystem, we established a fast and efficient production guarantee system to ensure the peak production capacity of 1600 units per month; At the same time, relying on the flexible production mode, it improves the agile manufacturing capacity, responds to customer needs quickly, and shortens the delivery cycle of various products to varying degrees. The implementation of standard operation and quality module, the application of lean tools such as creative kung fu and TBP, have continuously deepened the lean production management mode, improved product quality and created greater value for customers!

In 2019, we continue to promote the management of the refined direction of transformation. According to 5S management system of cimc, carried out business plan discussion and output clear annual business plan; Continuously carry out lean ONE to optimize product quality control; The second phase information system of the self-developed zhihui platform has been successfully launched, enabling business personnel to place orders on their own. The information transfer between the external market and the company is fast and effective, and the process time is greatly shortened.

In 2019, we launched. Production line upgrade three-year plan ” , & other; Apocalyptic engineering ” The first phase of the project is implemented smoothly, and we will strive to complete the digital production line within three years by means of modular design and information drive, thus laying a solid foundation for the digital enterprise.

In 2019, there are many more wonderful stories about cimc ling yu …

In 2019, we are not afraid of wind and rain, nor are we afraid of obstacles. One goal, two growth, four three-year plans. General manager policy, do not forget the original intention, remember the mission, with wisdom and sweat to overcome the industry announcement governance, due to environmental control and production line upgrade caused by the serious lack of capacity and other difficulties, which makes our achievements in 2019 more hard-won!

A brand new 2020 has been opened, change will become this year's theme of zhongji lingyu! We will continue to unswervingly achieve the planned business objectives and strive to achieve them through marketing, product, manufacturing, management and cost. Three upgrades ” -- upgrade of manufacturing technology, product design and management mode. We insist on cultivating outstanding talents who can support the future development of the company, encouraging theoretical innovation based on practice, and giving full play to the creativity, cohesion and fighting capacity of every employee.

As general secretary xi has said: in 2019, we will irrigate the harvest with sweat and move forward with solid efforts.

In 2020, let us seize the day, live up to our time, walk with change, and strive for excellence!

Luoyang zhongji lingyu automobile co., LTD.

Bao-shan liu

January 1, 2020