On August 1st, Weima Agricultural Machinery's 2024 first half business analysis meeting was successfully held. This meeting is an internal meeting, attended by Yan Hua, Chairman of Weima Agricultural Machinery, members of the company's leadership team, department heads, and above management personnel.

Through the meeting, a comprehensive review and analysis of the completion of work in the first half of the year was conducted, and the direction and focus of work for the second half of the year were deployed. At the same time, we will further unify our thinking, closely focus on various goals and tasks, and make every effort to achieve the annual goals.

 

·Comprehensive review and outlook for the future·

 

01

Technological innovation is the cornerstone of the long-term development of manufacturing enterprises

The General Machinery Division and Agricultural Machinery Division took the lead in reviewing and reviewing the development of new products, quality control, production management, and other aspects in the first half of the year, and clarified the work objectives for the second half of the year. In the first half of the year, the company obtained multiple utility model and invention patents, providing a solid foundation for the core competitiveness of its products. We will continue to optimize our products and strengthen quality control in the second half of the year.

02

Ensuring quality, quantity, and on-time delivery is always the principle and goal

Each business unit can basically guarantee the delivery of various orders for the marketing department in the first half of 2024. In the second half of the year, we will continue to strengthen the quality of production and assembly, as well as the quality of accessories. At the same time, we will increase production capacity and supply the market with products that are stable in quality and meet customer needs.

03

Stable and orderly: report on the operation of subsidiaries

Each subsidiary has carefully reviewed the completion status of their work in the first half of the year and summarized their experiences and lessons learned. At present, the production capacity of each subsidiary has significantly increased compared to the previous year. Next, we will enhance the competitiveness of our subsidiary by increasing production capacity, controlling costs, developing new products, expanding our marketing network, and further expanding our market to secure more orders.

04

New Energy Project Progress Report and Development Goals

Weima Agricultural Machinery continues to specialize in the development of intelligent agricultural machinery equipment. The head of the R&D center reported on the progress of new product development and the implementation of intelligent agricultural machinery applications. In the second half of the year, the development progress will be accelerated to provide the company with more comprehensive product lines.

05

Building a multi-level talent pool&Progress of Weima Phase II Construction Project

In the first half of the year, the company achieved certain results in talent development and new factory construction. Talent echelon construction: Through various measures such as campus recruitment, social recruitment, internal recommendation, and professional institution recruitment, various talents are introduced to provide talent resources for the orderly development of the company; The construction project of Weima Phase II new factory building is progressing in an orderly manner. The main framework has been completed and is expected to be officially put into operation by the end of the year. At that time, it will enhance the company's production scale and increase production efficiency to a higher level.

06

Promote the upgrading of marketing system, enhance market operation capability, strengthen market development and brand channel construction

In the first half of the year, the organizational structure of the marketing system was further improved by collecting and analyzing market data, establishing a market intelligence network, and enhancing market analysis capabilities; Continuously implement brand protection strategies and expand brand influence. At the same time, we will strengthen the construction of sales and marketing teams, provide more professional training for sales personnel, offer more sales policy support to distributors, enhance team cooperation and communication, and lay a solid foundation for achieving better sales performance.

07

Reduce costs and increase efficiency

In the first half of the year, there is still room for further optimization of the company's various costs. In the second half of the year, the Financial Management Center will implement cost reduction and efficiency improvement measures from top to bottom and from the inside out, ensuring that controllable cost reduction is achieved while meeting the annual operating targets.

Finally, Yan Hua, Chairman of Weima Agricultural Machinery, made a concluding speech, affirming the summary reports of each section of the meeting, but more importantly, expressing expectations for the second half of the year, particularly emphasizing that the company's business scale, product quality, production efficiency, talent reserves, and other aspects should be the focus of work for each section in the second half of the year. With the progress of the times and the continuous changes in the market, the agricultural machinery industry has undergone profound changes, and 2024 is destined to be a year full of challenges and opportunities. We need to actively innovate in technology, seize market opportunities, enhance market insight and strategic vision, and strengthen the core competitiveness of our products. At the same time, leverage the important strategic roles of each subsidiary in the company's business areas.

 

On the top of the high mountain
Seeing the rushing river
Above the peaks
I feel that the wind is still strong and mighty

 

There are lessons to be learned in the first half of the year and reflection is needed; There are also opportunities to provide incentives.
Perseverance: Putting people first, continuous innovation, standardization and efficiency, focusing on excellence.
Weima Agricultural Machinery Co., Ltd. will continue to move forward and live up to the trust and recognition of the Weima brand from our customers!