Zhongxic Technology taps potential and enhances vitality
In 2014, in the face of the severe operating situation, China Color Technology quickly adjusted its development ideas and boldly implemented business transformation. On the one hand, it took the initiative to go out and actively explore the market, on the other hand, it focused on internal solutions. With the implementation of a cost-cutting and efficiency-enhancing measure, the invigoration of the implementation of each item has given rise to a vigorous vitality. In June last year, China National Science and Technology successfully suppressed the situation of continuous loss for 10 months and achieved profitability. In the second half of the year, it continued to maintain a stable trend and achieved a profit of more than RMB 12 million in the whole year.
“To reduce costs and increase efficiency is an inevitable choice for us to turn deficits around and get out of difficulties. It is a need for survival. It is also an important starting point for internal reforms, improvement of management, and enhancement of market competitiveness. It is a need for the development of enterprises.†said Liu Changgeng, secretary of the Party Committee of China Science and Technology Corporation. . After clarifying the direction, China Color Technology will strive to create a cost-reduction and efficiency-enhancement environment. Through the use of internal newspapers, bulletin boards, and symposiums, it will mobilize employees for cost reduction and efficiency gains. Reached a broad consensus. On this basis, the company also made heavy medicines and made heavy fists. Four strategies and efforts to achieve practical results.
Strengthen management and reduce non-operating capital expenditures. In 2014, the total hospitality, travel, office and meeting expenses of Zhongxic Technology decreased by more than RMB 11 million compared with last year, a decrease of nearly 50%.
Actively integrate with the market and make use of idle assets and equipment. In the middle of last year, the company used its own used brass pipe production line equipment as assets, and established Luoyang Longji Copper Co., Ltd. with Luoyang Jiuji Trading Co., Ltd. and China Aluminum Shanghai Copper Co., Ltd. to produce special copper with high added value. The timber products are expected to have an annual production capacity of 20,000 tons and a profit of 15 million yuan. This move not only invigorated the company's stock of assets, but also played a positive role in promoting the diversified economic development of China Science and Technology. In addition, the company has also conducted public bidding on employees' canteens, single apartments, old office buildings, and some factory buildings, and has implemented contracting and leasing abroad, which has played a good role in improving the company’s funding status.
Integrate resources and do your best to reduce inventory. Inventory materials are cleaned up and encouraged to be selected and used from the design source. From the second half of last year to the present, the accumulated inventory of Northwest Aluminum project inventory is 13.5 million yuan, and other inventory standards are about 1 million yuan. Through various channels, we contact suppliers and agents to revitalize stocks through offsetting debts and equivalent (depreciation) replacements.
Actively develop external cooperation and make full use of scientific research achievements. Zhongxic Technology takes the development of the mixed ownership economy proposed by the Central Government as an opportunity to transform the industrialization development ideas. It uses the intangible assets such as proprietary technology and workshops and other fixed assets as its capital contribution, actively introduces private capital, seeks multiple cooperation methods, and establishes mixed ownership. Industrialization company. Cooperated with Jiangsu Ruibili Industrial Co., Ltd., etc. to establish Jiangsu Zhongxueli Bili Industrial Co., Ltd. to implement the aluminum alloy advanced material development and molding technology industrialization project. It is expected that the sales income will reach 100 million yuan in 2015; and Henan Wanjin Environmental Protection Co., Ltd. Technology Co., Ltd. established a joint venture company to make use of the idle 20,000 square meters production workshop. (Zheng Shasha)
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