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Looking Back and Reflecting on Our Journey of Hard Work, Steadfastly Moving Forward to Usher in a New Era — Jiangsu Longye Energy-Saving Technology Co., Ltd. Successfully Held Its 2024 Work Summary and 2025 Work Deployment Conference.

Release date:

2025-02-10

To comprehensively review the work of 2024, outline plans for 2025, and build momentum to embark on a new journey, thereby paving the way for fresh progress across all areas, Jiangsu Longye Energy-Saving Technology Co., Ltd. convened its 2024 Work Summary and 2025 Work Deployment Conference on February 7. Chairman Meng Xiaodong, Executive Chairman He Jiadong, and Senior Chief Advisor and Chief Expert Ma Xibo attended the meeting, joined by the management teams of the company and its subsidiaries and branch offices.

At the meeting, Executive Chairman He Jiadong The company reviewed its 2024 operational performance, analyzed both internal and external factors underlying management challenges, and further clarified its strengths and weaknesses. Executive Chairman He Jiadong outlined a detailed work plan for 2025, emphasizing a focus on implementing core principles, pursuing lean operations, reducing costs while boosting efficiency, and strengthening financial control. He also stressed the importance of robust planning in three key areas—technology, investment, and market—and called for sustained efforts to optimize the management system, transform the supply chain, enhance performance management, establish a tiered business‑analysis framework, and drive innovation to generate value. By reinforcing a goal‑oriented approach and addressing shortcomings with determination, he aims to help the company achieve decisive breakthroughs amid an environment characterized by uncertainty.

At the meeting, Senior General Counsel and Chief Expert, Ma Xibo Analyzing the coking market trends, he stated:

1. The current coking market is characterized by weak supply and demand, with trading activity remaining subdued.

2. The low-carbon transformation and development of the steel industry is imperative, and the state encourages and supports steel enterprises in adopting advanced technologies and equipment to reduce carbon emissions and enhance resource efficiency.

3. All company employees are expected to unite, face challenges together, and proactively pursue market opportunities.

At the meeting, Chairman Meng Xiaodong He stated that, in the current challenging market environment, it is imperative to steadfastly increase R&D investment, enhance product quality, streamline service processes, continuously drive cost reduction and efficiency gains, optimize resource allocation, and improve operational efficiency, ensuring that every dollar invested delivers maximum value. By 2025, he expressed the hope that all members of Longye will continue to uphold the corporate spirit of “unity, innovation, pragmatism, and efficiency,” advancing together with unwavering conviction, boundless enthusiasm, and concrete actions to create a brighter future.

The successful convening of this year-end summary conference has brought the 2024 work cycle to a close and charted a clear course for 2025. As we embark on a new journey of striving and progress, Longye Technology will summon the courage to “start afresh with each step,” ignite the ambition to “strive for world‑class excellence in all endeavors,” and, fueled by unwavering passion and steadfast determination, press ahead under the leadership of the management team led by the Chairman. We will seize development opportunities, confront challenges head‑on, unite as one, act with pragmatism and resolve, and, through first‑rate effort, deliver top‑tier results—fully achieving all 2025 goals and objectives and striving for a strong start and a victorious year.

Latest Updates

April Market Overview and Operational Dynamics of the Coking Industry

According to economic data released by the National Bureau of Statistics, in April, the value added of industrial enterprises above designated size increased 4.1% year on year and 0.05% month on month; total retail sales of consumer goods reached RMB 3.7247 trillion, up 0.2% year on year; nationwide fixed asset investment (excluding rural households) declined 2.36% month on month; profits of industrial enterprises above designated size rose 24.7% year on year; as of the end of April, accounts receivable for such enterprises stood at RMB 27.44 trillion, up 7.2% year on year, while finished goods inventories totaled RMB 6.95 trillion, an increase of 6.7%. From January to April, the value added of industrial enterprises above designated size grew 5.6% year on year; total retail sales of consumer goods amounted to RMB 16.4941 trillion, up 1.9% year on year; nationwide fixed asset investment (excluding rural households) reached RMB 14.1293 trillion, down 1.6% year on year; and the total profits of industrial enterprises above designated size totaled RMB 2.43584 trillion, up 18.2% year on year. Among these, the ferrous metal smelting and rolling industry (the steel sector) reported total profits of RMB 7.58 billion, a 51.5% year-on-year decline, while the petroleum, coal, and other fuel processing industry (including coking) posted total profits of RMB 40.42 billion, compared with a loss in the same period last year.