CFHI Leadership Meeting Summoned: Promote Each Work with the Scientific Development View

In order to summarize the former four months work, analysis and check enterprise s existence problems, form united knowledge, do best for facing crisis, overcome all difficulties, and beyond all question to finish the annual production target, on May 8^th, CFHI held the leadership meeting. The board chairman Mr. Wu Shengfu gave an important speech in the meeting, Party committee secretary Mr. Zhao Lixin presided over the meeting, CFHI leaders Mr. Ma Ke, Mr. Zhang Zhenrong, Mr. Liu Dengyun, Mr. Wang Baozhong, Mr. Sun Min, and Mr. Liu Changren attended the meeting. The Party and governmental officials from CFHI chairman assistant, subordinate units and sub-company, service department subordinate units also took part in the meeting.

Firstly, board chairman Mr. Wu Shengfu introduced the economic situations at home and abroad. Affected by international financial crisis, the economic situations both at home and abroad are quite stern. In the first quarter, the main management targets of national enterprises presented the declining trend, while CFHI was listed the first line among 138 national enterprises which managed by State-owned Assets Supervision & Administration Commission.

Although the current economic circulation shows the trend of return, the tremendous downward pressure still existed as whole and need government to consummate the macroeconomic regulation and control policy unceasingly for maintaining the steady and fast development on economic.

Mr. Wu Shengfu said, from January to April, enterprise has finished production output value 3913 million yuan, grew 20% over the same period of last year, and dropped 11% compared with the period from September to December of last year; realized sale revenue 2419 million yuan, grew 25% over the same period of last year, and dropped 49% compared with the period from September to December of last year; got profit 323 million yuan, grew 41% over the same period of last year, and dropped 32% compared with the period from September to December of last year.

Looking from the data, enterprise s profit completion situation is good, but the production completion is not ideal, it is not reached the desire goal and the on time delivery condition is also not satisfaction. In the production, the idea of on time delivery and responsible for customers is still need promote, while timely problems solution to carry out and implement four everything, four to conform to quality concept inadequacy, large number of repaired casting parts of complete production, low first-time qualification rate for external inspection as well as not available for matching supply of procurement, sale and other department, large revised drawing number for design department, delay for partial technical transformation projects are also need performed.

In market target aspect, enterprise has been ordered 3967 million yuan in former four months, dropped 40% over the same period of last year, and increased 49% compared with the period from September to December of last year. Among them, nuclear power and casting and forging products have higher increase amplitude, metallurgy complete set of products have the sharp decrease.

The present sharpest contradictory is the long term Market requirements shortage at home and abroad, enterprise must keep the sale revenue more than ten billion yuan, can guarantee the Sustainable and Healthy Development. Therefore, people must transform ideas, give up fantasying and try to develop new products, do the best to strive for bright prospects on productions of nuclear power, petrol-chemical vessel, large casting and forging parts and industry spare parts, etc.

, and guarantee market shares of forging equipments, special products and mine equipments, etc..

In addition, enterprise shall accelerate the scientific research and technological transforming speed, meet its need, and highly emphasized quality loss index and production safety to avoid loss and bad effect.