Yingtianhui Held 2021 Special Meeting on Cost Reduction and Efficiency Increase

On May 12, the company held a special meeting on cost reduction and efficiency increase in 2021 in the large conference room. The meeting was presided over by Xiao Min, deputy general manager. A total of 24 company leaders, department heads and professional leaders attended the meeting.

First of all, Deputy General Manager Xiao Min reported the completion of cost reduction and efficiency enhancement work in 2020 and the assessment results. In 2020, the company's overall completion of cost reduction and efficiency enhancement work is better, completing cost reduction and efficiency enhancement of 28.41 million yuan, obtaining policy subsidy funds of 9.83 million yuan, and obtaining policy relief of 10.56 million yuan. Xiao Zong said that the achievement of cost reduction and efficiency increase in 2020 is the result of the joint efforts of all employees in all departments. According to the target assessment responsibility letter, combined with the contributions and value created by each department, the company decided to give special rewards to each department to reduce costs and increase efficiency. Specifically, the leaders in charge will take the lead and make the assessment and allocation of responsible departments and related personnel within one week.

On behalf of Liu Gangqiang, Yang Fuguo, Chen Jiefeng and Liu Bo, the department heads shared their experiences and experiences in reducing costs and increasing efficiency in 2020. Mr. Xiao said that by summarizing and exchanging work experience, we must not only see the work results, but also find the shortcomings of the problems, clarify the goals, develop the strengths and weaknesses, accurately implement policies, and do a solid job in reducing costs and increasing efficiency in the future.

Mr. Xiao pointed out that in 2021, the company will continue to carry out cost reduction and efficiency enhancement activities, and strive to achieve the goal of 28.6 million yuan in cost reduction and efficiency enhancement through internal potential and external policies. At the same time, the company will reduce the cost of efficiency in 2021 into the scope of the annual salary assessment of leading cadres, continue to set up special work assessment incentives. Xiao always hopes that all cadres and employees will closely focus on the annual goal of reducing costs and increasing efficiency, decompose it layer by layer, implement it in detail, take stock on a monthly basis, and correct deviations in time, so as to ensure the smooth realization of various goals of reducing costs and increasing efficiency.

Subsequently, the company's leaders in charge, department heads and professional heads signed the 2021 cost reduction and efficiency increase target responsibility letter. Li Guoxiao, Dai Yueyong, Hou Xinyu and other three cadres, on behalf of the production, operation and management systems, exchanged views on the main ideas of the work of reducing costs and increasing efficiency in 2021, showing confidence, determination and responsibility.

Finally, Chief Financial Officer Cheng Hong, General Manager Zeng Yongshou, Party Secretary and Chairman Tian Shijing made speeches respectively.

Chief Financial Officer Cheng Hong put forward the work of reducing costs and increasing efficiency in 2021 from five aspects: plant operation, project investment management, procurement and sales, finance and management. (1) The operation of the device is the basis for cost reduction and efficiency enhancement. To keep the device safe and stable long-term operation, reduce the start-up and stop accidents, reduce losses. To strictly control the quality of the project, pay close attention to the aluminum trichloride project, acetylene project to reach the production work; (3) In terms of procurement and sales, strive for goods to be sold out, payment for goods to be collected, and do a good job in middlemen management; (4) In terms of finance, rational use of bills, reduction of financing costs and balance of funds; (5) In terms of management, improve work efficiency and actively strive for various policy subsidies.

General manager Zeng Yongshou stressed that we should not only pay attention to the various tasks specified in the target responsibility letter, but also pay attention to the relevant work not specified in the target responsibility letter. In terms of production, it is necessary to change management thinking and strengthen the management of abnormal accidents; in terms of management, it is necessary to pay attention to standardization and efficiency, timely supervise and follow up the progress of cost reduction and efficiency increase, and achieve timely correction.

Finally, Tian Shijing, Secretary of the Party Committee and Chairman of the Board of Directors, made work instructions for the work of reducing costs and increasing efficiency in 2021 from the three aspects of stable production, establishing a sense of ownership, and doing a good job in innovation and development.

Tian Dong pointed out: (1) The company's stability is the biggest cost reduction and efficiency. From January to April, the company's production efficiency was good, basically achieved the full capacity production target, and seized the market opportunity. However, on May 10, an abnormal accident occurred in which the chlor-alkali plant was stopped for half an hour. Tian Dong stressed that we should attach great importance to the abnormal events of the production equipment. We should see that behind the half-hour shutdown of the chlor-alkali equipment, there are hidden problems such as mistakes in the management of the production equipment, deficiencies in daily investigation, complacency of employees and not taking their duties seriously. At present, we are in the critical period of the 100th anniversary of the founding of the CPC. We are facing the rare opportunity that the triene market is in short supply and the price is pushing up. We must draw inferences from one another, firmly grasp the safe and stable work of production equipment, take the full load operation of TCE equipment as the center, grasp the market opportunity and create higher economic benefits!

⑵ Establish the sense of ownership that "the survival and efficiency of the enterprise are closely related to me. Yuhua New Materials attaches great importance to the company's supply and marketing operations and middleman management, but at the same time, the company has a sufficient inventory of spare parts but still purchases, purchases the most expensive goods but does not buy the most suitable bad phenomenon, resulting in great waste. All employees should establish a sense of ownership of "Yingtianhui's development is closely related to me", the sense of economy on the production line should be rooted in the heart, and the supply and marketing side should pursue better quality procurement and more effective sales with the spirit of ownership. Only when the enterprise develops well can each employee enjoy the benefits of enterprise development.

Sustained innovation and development. Production management to innovation, do a good job in the fine management of the device is the first. The first is to start with the high cost of the device, solve the bottleneck, and effectively manage; the second is to create the optimal value of production consumption by benchmarking advanced enterprises in the industry and reducing costs a little bit; the third is to give full play to the main responsibility of the device and effectively implement each item Reduce costs and increase efficiency. Innovation in operation and management, good material management is the key point, establish standardized procedures for material management, further optimize sales and procurement management, strictly implement cost reduction and efficiency increase, and achieve management efficiency.

Tian Dong said that on the one hand, all departments should do a good job in the distribution of rewards for cost reduction and efficiency increase in 2020, and on the other hand, they should work hard, pragmatically and efficiently to complete various work targets for cost reduction and efficiency increase in 2021.

Chongqing Yingtianhui Chlor-Alkali Chemical Co., Ltd.

18 May 2021