, 2026, Yatai Group organized a business meeting for the first quarter of 2026, which was attended by senior managers such as Chen Tiezhi, Secretary of the Party Committee and Chairman of the Board of Directors of Yatai Group, principal leaders of various industries and enterprises, and 652 management backbones from 52 video sub-venues.
At the meeting, Yu Laifu, the chief economist and vice president of the group company, first reported on behalf of the group company the Summary Report on the Operation of Yatai Group in the First Quarter of 2006 and the Decision on Fulfilling the Performance Appraisal. In the first quarter, the group company realized an operating income of 895 million yuan, and its net profit was reduced by 281 million yuan, a decrease of 47%; The net interest rate increased by nearly 23 percentage points compared with the same period last year, and the combination of "cost reduction, cost control and efficiency improvement" achieved remarkable results; Some enterprises still have some problems, such as lax cost control, declining sales and slow progress of key issues, which require the management team of enterprises to reflect deeply, learn successful experience from excellent enterprises such as Yatai Building Material Shuangyang Company, Yatai Dalian Aquatic Products Company and Beijing Yatai Hotel, find out the difference between standards in an all-round way, formulate measures accurately, make up for shortcomings, strengths and weaknesses, and catch up with progress. Make every effort to recover the target gap and reverse the development trend. At the end of
the meeting, Chen Tiezhi, Secretary of the Party Committee and Chairman of the Group, made a concluding speech. First of all, Chen Tiezhi reviewed that in the past year, with the help of provincial and municipal Party committees and governments, the management teams at all levels and all employees of the group company have made substantial improvements in their work. Among them, the annual financial audit report received standard unqualified audit opinions, and the "qualified opinions" were removed for two consecutive years; the average annual interest rate of loans of financial institutions dropped significantly, the repayment period was extended and the interest payment method was changed, which led to a drop of 130 million yuan in financial costs, reduced the financial burden and maintained the stability of the loan scale; the loss was narrowed significantly, and the net profit attributable to the parent company was reduced by more than 52%; The gross profit margin increased by 5.16 percentage points, and the profitability improved; the net cash flow from operating activities increased by 107% year-on-year, and the ability of cash reflux was enhanced; the arrears of employee wages of 170 million yuan were solved to ensure the stability of the team, and the financial health and sustainable operation ability were significantly improved.
Around the second quarter and the whole year's work, Chen Tiezhi made four core deployments to guide the group's breakthrough.
First, we should concentrate on breaking through difficulties and tackling difficulties, and work hard to develop enterprises. Firm confidence in victory, firmly seize the great opportunity for provincial and municipal Party committees and governments to co-ordinate and help the poor at a high level, take advanced enterprises as a mirror, solve problems inward, crack the management gap, ideological gap and implem entation gap, and have the consciousness of initiative to change, the consciousness of inward efforts, and the responsibility of doing solid work. To solve the development dilemma with innovative thinking, to promote the efficiency leap with practical measures; to hold the management team of enterprises that fail to meet the standards rigidly accountable, and to encourage all managers to know and take responsibility.
The second is to decentralize power and empower the front line, seize opportunities and strive for the first place. Speed up the implementation of the list of powers and responsibilities at all levels and the negative list, so that enterprises can focus on business, expand the market, provide excellent service, improve quality and efficiency, let the people who can hear the sound of artillery command the battle, let the people who are closest to the market make quick decisions, and return the autonomy of operation to enterprises; All senior executives and departments must shift from "backstage control" to "front-line partners", and all front-line work should be served ahead, and professional resources should be integrated to do big things, so as to truly become the strong backing and reliable support of all business entities.
Third, we should persist in strengthening enterprises by talents and improve the reward and punishment mechanism. Implement the requirements of provincial and municipal leaders on improving the quality and ability of enterprise management personnel, regularly carry out quarterly and annual performance evaluation of senior managers, make the evaluation a yardstick to test the responsibility, withhold the salary of those who rank low and fail to perform their duties, and resolutely adjust them; adhere to self-set goals and self-pressure responsibilities, compact development responsibilities in the spirit of contract, and ignite the enthusiasm of all staff through the establishment of various reward and punishment mechanisms; We will improve the management of the whole cycle of excavating, training, assessing and appointing reserve talents, and strictly assess and select the best among the best.
Fourth, strictly observe the bottom line of discipline and create a clear environment. Establish a correct view of political achievement, strictly abide by laws, regulations and industry norms, resolutely put an end to fraud and digital flooding, and demonstrate the enterprise's responsibility with real performance; firmly establish the concept of safe development, compact the responsibility for safe production, and veto by one vote, seriously pursue the responsibility and never tolerate the failure to implement the responsibility, rectification and reform, and safety accidents; We will deepen the activities of the "Year of Clean Yatai Construction", improve the supervision mechanism and standardize the operation of power. Serious accountability should be given to violations of rules and regulations, as well as style problems such as inaction, slow action and prevarication.
Chen Tiezhi emphasized that the meeting was held on the front line, aiming at tackling key problems, focusing on implementation and pointing to results. The breakthrough and future of Yatai Group are all related to the charge of all business entities and the practical work of every employee.
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