Practicing the Second Entrepreneurship and Creating a New Chapter in the Development of National Machines

"We must strengthen our confidence, invigorate our spirit, practice the second venture, and strive to open a new chapter in the development of the Group under the new normal." When talking about the key work in 2015, Ren Hongbin, chairman of SINOMACH, said at the 2015 work conference. Recalling this meeting, "Second Entrepreneurship" has become a "hot word."
According to the deployment arrangements of the group's board of directors, SINOMACH has determined the overall thinking of its 2015 business operations, and the term “secondary entrepreneurship” has also appeared. The idea is to actively adapt to the new normal, vigorously promote the second venture, closely focus on the development of the top priority, focus on improving the quality and efficiency of development, and coordinate the development of “guarantee growth, control risks, adjust structure, promote and promote” and promote Steady growth of business, deepen enterprise reform, pay close attention to enterprise management, strengthen innovation drive, optimize resource allocation, promote transformation and upgrading, further promote quality growth, and ensure the smooth and healthy development of SINOMACH.

Xu Jian, the general manager of SINOMACH, regarded “guarantee growth” as the Group’s top priority in 2015. He also emphasized the importance of “secondary entrepreneurship”. He said that we must change the development concepts and business models that have been formed under the conditions of high speed, capacity expansion and extensive growth, establish a strategic positioning and market strategy to adapt to the new normal of the economy, and take the determination of the second venture to unite the development of new impetus. Maintain a steady growth in business.

As the leading enterprise in China's machinery industry, SINOMACH carries the profound accumulation of China's machinery industry for more than 60 years. It inherits and carries forward the fine tradition of hard work, truth-seeking and pragmatism of China's machinery industry. After 18 years of unremitting efforts by SINOMACH, It has achieved brilliant results, ranking first in the top 100 mechanical industrial enterprises for many consecutive years, and ranking in the top 500 in the world. However, it is not satisfied with the status quo, still brave enough to undertake the mission, and has a high level of willingness to work hard to achieve a new blueprint.

In the new blueprint of SINOMACH, there are profits of over 10 billion, industrial structure adjustment and optimization, domestic and foreign markets go hand in hand, and loss-making enterprises are gradually eliminated. There are also talent teams, brand reputation and influence, and employees and enterprises grow together... ... In the end, we must work hard to build a "five national machine" and become a world-class enterprise with international competitiveness. All of this requires all the national machine people to uphold the spirit of "secondary entrepreneurship" and work hard to achieve it.

Obviously, the huge wheel of SINOMACH has been ready to be re-launched. This time, the second-generation entrepreneurial sail will sail to a higher goal in the new environment.

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