Reprinted from Hudong Zhonghua WeChat official account

In 2024, the company adheres to the guidance of the socialist ideology with Chinese characteristics in the new era, strengthens the leadership of party building, releases new quality productivity through technological innovation, enhances new development momentum through lean management, implements high-quality actions to deepen and improve state-owned enterprise reform, accelerates the formation of production relations that are compatible with new quality productivity, and significantly exceeds annual targets in various production and operation indicators such as operating income, business orders, production efficiency, and economic benefits. The construction quality and efficiency have reached the world's leading level. A modern smart shipyard in Changxing Phase II has emerged, with outstanding work results and impressive data, greatly enhancing the company's core competitiveness.

Keyword One
Party building leads
  The company has established the "12437" party building work system and formulated the "Three Year Action Plan for Party Building", deeply integrating party building work with central work. Adhere to and strengthen the comprehensive leadership of the Party, continuously enhance the Party's innovative theoretical armed forces, persistently carry out Party discipline learning and education, comprehensively strengthen the construction of the cadre and talent team, strengthen positive conduct, discipline and anti-corruption with a strict tone, and lead the high-quality development of enterprises with high-quality Party building.

Keyword 2
Lean management
The company has achieved significant results in economic operation and taken solid steps towards building a world-class enterprise through unified planning and key promotion of lean management. Guided by the lean concept, the company strengthens cost management, consolidates the economic responsibility assessment indicators of various departments, actively creates a lean management demonstration zone, strengthens lean team building, implements lean talent cultivation, forms excellent cases of lean culture, firmly establishes lean management awareness among all employees, and achieves good results. In the past year, we have achieved an increase of 3 out of 21 ships delivered, and 12 large container ships have achieved international settlement in RMB for the first time. We have achieved remarkable results in terms of operating revenue, business orders, production efficiency, and economic benefits.

Keyword Three
Double production capacity
The company's LNG production capacity doubling strategy is being deeply promoted, and it continues to sprint on a record breaking journey throughout the year. The market share of LNG carrier handheld orders is 20.2%, while container ships account for 10%. In the "100 Ship Plan" of Ka Energy, the company has won orders for 36 LNG ships, with the total contract amount and gas capacity ranking first in the world. By using the parallel and semi series construction mode of four ships in the dock, the batch, normalization, standardization, and rhythm of LNG ship construction have been achieved. Within the year, 8 LNG ships were delivered, setting a record in China and achieving a historic breakthrough in the quality and efficiency of LNG ship construction in China from "following to leading". Shoulder the heavy responsibility of being a chain leader and lead the development of the industry. The domestically produced supporting and efficient construction demonstration platform has been applied in actual ships, and the multi specification Yin tile materials have obtained GTT certification and CCS classification society certificate. The localization rate of the 14000 cubic meter LNG refueling ship "Huaihe Energy Qihang" exceeds 85%.

Keyword Four
Technological innovation
The company strengthens its innovation driven approach and adheres to self-reliance and self-improvement through high-level technology to enhance its core competitiveness. In the whole year, it undertook 65 research projects funded by the state, completed 550 patent applications, and 22 provincial and ministerial science and technology awards. As the only project in the shipbuilding industry, the "170000 m3 LNG carrier" was included in the First List of Projects for the Application and Expansion of Scientific and Technological Achievements of Central Enterprises. Four new high-end green ship types were added, and the reserve of high-end gas ships, including LNG ships, was increased to more than 10 types. The International Quality Management Group (ICQCC) competition achieved "three consecutive championships". The China Industrial Internet Competition again won "Exploring Flowers", winning four awards in total, creating the best results in the shipbuilding industry. Assessment incentives guide value creation, job cultivation motivates employees to develop together with the enterprise, 2 people are included in the reserve candidates for academicians of the group, 14 people are selected as senior experts of the group, and 249 people are hired as senior experts of the company; One person won the National May Day Labor Medal and was selected as one of the 200 "Great Nation Craftsmen" cultivation projects in the whole country.

Keyword Five
Culture forges the soul
Cultivate rich cultural soil and gather the joint force of progress.   Publish cultural and creative products such as digital employees, refrigerator stickers, postcards, etc., and through a series of in-depth implementation of corporate culture construction work, further innovate the ways of corporate culture dissemination, strengthen the implementation measures of corporate culture, so that corporate culture truly becomes a powerful driving force for consolidating employee strength and leading enterprise development, forming a good corporate culture construction atmosphere within the company, and enhancing employees' sense of identity and belonging.

Dreams may be distant, but they can be achieved through pursuit; Although it may be difficult to make a wish, it can be fulfilled with perseverance. Looking ahead to 2025, the company is about to fully relocate and learn from Changxing. We are full of confidence and high spirits, and will continue to write a new "ship" of Shanghai East China on the hot land of entrepreneurship with a fighting attitude.