On July 22, Shandong Heavy Industry Group held the 2024 Mid-Year Economic Operation Analysis Meeting to deeply study and implement the spirit of the Third Plenary Session of the 20th CPC Central Committee and the important speech delivered by General Secretary Xi Jinping during his inspection of Shandong. The meeting aimed to fully implement the decisions and deployments of the Provincial Party Committee and the Provincial Government, scientifically analyze the Group's economic operation in the first half of the year and the current situation, summarize work, clarify ideas, define tasks, make meticulous arrangements, and specifically study the next steps to ensure the comprehensive completion of all goals and tasks. Party Secretary and Chairman Man Shengang attended the meeting and delivered a speech.

Man Shengang pointed out that in the first half of this year, under the strong leadership of the Provincial Party Committee and the Provincial Government, and with the concerted efforts of all cadres and employees, the Group effectively overcame a series of difficulties and challenges, achieving remarkable results in various business operations. Revenue, profit, and exports all recorded double-digit growth, presenting an overall positive trend of "continuously improving operational quality, full force in overseas markets, accelerated release of innovation momentum, and significant enhancement of competitive advantages". Weichai successfully developed the world's first diesel engine with a body thermal efficiency exceeding 53.09%, ranking first among the "Top Ten Technological Innovation Achievements" of provincial enterprises released by the Provincial State-owned Assets Supervision and Administration Commission.

Man Shengang emphasized that, standing at a new historical starting point, it is imperative to maintain strategic focus, enhance systemic thinking, and adopt a long-term perspective. Seizing all favorable opportunities, leveraging advantageous conditions, and addressing all risks and challenges are essential to elevate Shandong Heavy Industry’s work to new heights and open new horizons, thereby making significant contributions to the Shandong chapter of Chinese modernization. The unwavering focus must be on “one overarching goal”: single-mindedly advancing the core business, adhering to a consistent blueprint, remaining indefatigable, leading the wave, and striving for the pinnacle. Resolutely shouldering the mission of "being at the forefront and taking the lead" is essential, with a dedicated effort to build a technology-leading, green development, world-class high-end equipment multinational group. The commitment focuses on developing "four core strengths": Achieving performance excellence through superior quality and efficiency; Leading the market with industry-leading market prowess; Fostering technological self-reliance and innovation; Promoting synchronized collaborative strength across the board. Additionally, efforts will continuously enhance "four soft strengths": Strengthening the Group's management capabilities; Building a robust team; Cultivating a strong corporate culture; Developing a powerful brand matrix.

Man Shengang called for unwavering focus on annual goals and tasks in the second half of the year, ensuring continuous improvement in all areas of work. He emphasized the need to capture market share, expand space, and enhance the differentiated competitiveness of products, services, and business models, guaranteeing a steady increase in market share. Export stability, incremental growth, and brand creation are crucial, requiring proactive planning, coordinated international efforts, and frontier advancements to deeply explore strategic increments in overseas markets. Innovation must be prioritized, with increased investment and elevated standards, benchmarking against world-class enterprises, and continuously boosting R&D efforts to build a high-level collaborative innovation system. This system should integrate the entire industrial chain and promote the fusion of industry, academia, and research, creating a robust innovation ecosystem. Integration, optimized layout, and upgrades are essential, with a focus on the core business, driving the concentration of the Group's various advantageous resources and high-quality assets towards the high-end equipment manufacturing industry and new productivity. Reform is necessary to address weaknesses and activate vitality, with solid implementation of the deepening and upgrading actions of state-owned enterprise reform, continuously improving modern corporate governance with Chinese characteristics. Risk prevention, bottom-line adherence, and safety assurance are paramount, coordinating the advancement of high-quality development and high-level safety, and resolutely safeguarding the "bottom lines".

Man Shengang emphasized that learning, publicizing, and implementing the spirit of the Third Plenary Session of the 20th CPC Central Committee should be regarded as the primary political task at present and for some time to come. According to the unified deployment requirements, we must carry out learning and discussions solidly, widely promote publicity and explanation, and ensure that the spirit of the plenary session is deeply ingrained in people's hearts. We must strengthen the Party's political construction, strengthen grassroots organization construction, strengthen the construction of the cadre team, strengthen the construction of a clean Heavy Industry, continuously improve the Group's comprehensive and strict Party governance system, comprehensively and systematically improve the quality of Party building, and better play the leading and guaranteeing role of high-quality Party building in high-quality development.

Deputy Party Secretary and General Manager Wang Zhijian reported on the Group's operating conditions in the first half of the year and the goals and tasks for the second half. Deputy Party Secretary and Director Ye Jianjun presided over the meeting. The main persons in charge of six secondary companies reported on the completion of indicators in the first half of the year, the main problems, and the next steps. The middle-level and above leaders of the Group headquarters and the leadership team members of each secondary company attended the meeting on-site.