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On the afternoon of February 8, China Minmetals held a New Year's Greeting Party for its former managers at Beijing Shangri-La Hotel. The current leadership of the Corporation, including Zhou Zhongshu, Zhuang Yuanrong, Xu Siwei, Shen Ling, Feng Guiquan, Hai Yan, etc. attended the event. A total of 24 former leaders including Zhou Keren, Liu Zhongliang and Miao Gengshu were present at the greeting party.
Senior Vice President Feng Guiquan addressed the greeting party on behalf of President Zhou and the Corporation. First of all, he wished the former leaders happy New Year, good health and good luck, and extended best wishes for their families. Then, he made a detailed introduction on the following four characteristics presented in last year's work: First, periodic results had been yielded in fighting the crisis. The production and sales bottomed out, and major economic indicators continued to improve. China Minmetals had achieved an annual turnover of USD 26.8 billion in 2009, meeting all assessment targets assigned by SASAC. Second, significant progress had been made in the adjustment and optimization of industrial structure. Economic scale of non-ferrous sector continued to expand, and business revenues in finance, logistics and real estate sectors had kept increasing. Major business of the Corporation developed in a more coordinated manner. A pool of industrial and mining enterprises and scientific research institutes joined in China Minmetals in succession, which contributed to the sound industrial chain layout featuring the integration of science, industry and trade. Third, good news came forth from home and abroad in terms of M&A and restructuring. China Minmetals had succeeded in acquiring the core assets of Australian OZ Minerals, and implemented the strategic restructuring of Changsha Research Institute of Mining and Metallurgy, Luzhong Metallurgy & Mining Group Corporation and Hunan Nonferrous Metals Corporation Limited. It now has controlling shares of 8 listed companies in total, establishing itself as a group flagship in the capital market. Fourth, the management expertise had been significantly enhanced. The smooth implementation of V5 Project Phase II optimized the IT management platform. The resources of the headquarters had been allocated in a more scientific and efficient manner. China Minmetals had also conducted in-depth studies on investment and corporate economic endurance and on the strategic fitness of projects, and applied the quantitative management tools to investment decision-making. The implementation of comprehensive risk management ensured its healthy development. He finally said that China Minmetals would usher in its 60th anniversary this year. Over the past 60 years, each step of China Minmetals¡¯ growth had condensed the sweat and wisdom of all the former leaders present here today. We would never forget your great contributions, and would inherit and carry forward your spirits of hard work and selfless dedication to create a more brilliant Minmetals in the next 60 years.
Persons in charge of some functional departments and business units also attended the greeting party. |
