Production and research and development of roll grinding machines
One of the earliest domestic enterprises to develop and manufacture roll grinding machines.
One of the earliest domestic enterprises to develop and manufacture roll grinding machines.
Zhang Lini, Deputy General Manager of Guiyang Production & Control Group, and her delegation visited Guiyang Xianfeng to learn about the progress of the company’s IPO preparation.
2024-06-03
Recently, Zhang Lini, Deputy General Manager of Guiyang Production & Control Group, and her delegation visited Guiyang Xianfeng for a research visit and discussion, gaining an in-depth understanding of the company’s progress in its IPO preparations—including its information technology development, equipment upgrades and renovations, use of funds, and internal control management. The meeting was chaired by Fu Hengxun, Chairman of Guiyang Xianfeng, and was attended by senior officials and relevant personnel from Guiyang Production & Control Group, the Municipal Industrial Investment Company, the Electromechanical Group, Guiyang Xianfeng, Huaying Securities, Deheng Law Firm, and Shinewing Zhonghe.
At the meeting, Zhang Lini and her delegation listened to a detailed report from Fu Hengxun, Chairman of Guiyang Xianfeng, on the company’s production and operational status. They also heard from Zhu Jianghua, the securities affairs representative, board secretary, and chief financial officer, who provided updates on the progress of the shareholding reform and listing process, the advancement of informationization efforts, and the development of internal control management. Additionally, Zhu highlighted the current challenges and pain points facing the company, including property rights issues and personnel optimization. Furthermore, Huaying Securities, Deheng Law Firm, and Xinyong Zhonghe—each representing Guiyang Xianfeng’s listing advisory institutions—presented their respective reports on the current status of the listing process and answered questions raised by the research team.
Zhang Lini expressed her appreciation for the progress made by Guiyang Xianfeng in its IPO preparation. She pointed out that the efforts and achievements Guiyang Xianfeng has made in the pre-IPO phase are truly commendable, and she hopes the company will continue to deepen its implementation of shareholding reform, listing preparations, and related tasks, fulfilling its responsibilities with dedication and rigor to ensure the successful completion of the IPO process to a high standard. She emphasized that Guiyang Xianfeng must conscientiously implement the "Regulations on Disciplinary Actions for Managers of State-Owned Enterprises," unite and lead all employees and cadres to align their thoughts and efforts, pool their strength into a powerful, united front, and thereby accelerate Guiyang Xianfeng’s IPO journey. The company should regard its listing as an important step toward standardized operations, further strengthen its compliance-oriented management philosophy, comprehensively evaluate input-output efficiency, and promote procurement, sales, and inventory management in a steady and orderly manner, ensuring that all logical relationships stand up to scrutiny and laying a solid foundation for the listing. Moreover, Guiyang Xianfeng should enhance synergistic development with enterprises within the same system, empower its business performance growth, and properly address any funding challenges encountered during its development.
After the symposium, Zhang Lini and her delegation conducted an on-site investigation at the Guiyang Xianfeng Final Assembly Plant and the product parts warehouse.
Source | Administrative Business Division
Editor of this edition｜Chen Yiting
Editor-in-charge: Peng Zhenhai, Huang Wanfen
Final Review | Wu Suping
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