On February 12, 2025, during the Lantern Festival, the company's management gathered at the Jiangbei Second Factory to listen to General Manager Zeng Yunkun's 2025 annual business plan report. The report, themed "Reducing Costs and Increasing Efficiency, Enhancing Quality and Strengthening Foundations," provided direction for the company in a new year filled with challenges and opportunities.
Faced with the complex changes in the global trade environment and fierce competition in the automotive industry, General Manager Zeng emphasized that despite numerous challenges, the company's entire team, with their unyielding spirit and excellent execution, has still achieved significant milestones such as the smooth relocation of the new factory, winning the BRP "Gold Award," the Thai factory receiving the Changan Hainan Contribution Award, and the inauguration of the second phase of the Longnan Steel Joint Research Institute. Additionally, the sales of new energy vehicle driveshafts increased by 40%, and market share steadily rose, demonstrating the company's resilience and strength.
Looking ahead to 2025, General Manager Zeng proposed the strategic positioning of a "Cost Year," aiming to achieve the goal of cost reduction through refined management and innovation-driven initiatives. The company will take the "Snowball Strategy" as its core, enhancing the operational efficiency of the industrial chain, controlling risks, and expanding both domestic and international markets through scaled business and differentiated innovation. At the same time, the company will continue to advance digital transformation and create a benchmark smart manufacturing factory to cope with the variability and uncertainty of future markets.
In terms of organizational structure and talent development, the company will adhere to the management model of "small headquarters, large front line," quickly replicate successful experiences, boldly employ young talent, and strengthen the business capabilities and leadership of management personnel. General Manager Zeng calls on all employees to take "reducing costs and increasing efficiency, enhancing quality and strengthening foundations" as their guiding principles for action, to unite and meet the challenges and opportunities of the new year, and to lay a solid foundation for the company's continuous and stable development.
The release of this annual business plan is not only a review of the work done in the past year but also a clear plan for future development. All employees of Xianglong will take "reducing costs and increasing efficiency, enhancing quality and strengthening foundations" as their guiding philosophy, unite their strength, forge ahead bravely, and with a steadfast pace, work tirelessly to achieve the company's long-term goals.
