The company’s second Innovation Competition has concluded successfully.

　　To accelerate the company’s innovation-driven development and continuously unleash the creative energy of all employees, the company’s second Innovation Competition was held as scheduled. This competition not only serves as a comprehensive showcase of employees’ innovative achievements but also represents a crucial initiative for harnessing collective wisdom, anchoring the company’s pursuit of high-quality growth, and strengthening its core competitiveness.

　　Compared with the inaugural event, this year’s Innovation Competition boasts broader participation, greater enthusiasm among contestants, and higher‑quality projects. Since its launch, all business units and subsidiaries have coordinated across the board, responding enthusiastically, while employees at every level have proactively embraced their roles and eagerly submitted project proposals. The competition has collectively received 32 innovative initiatives, focusing on four key areas: technological iteration and breakthroughs, quality enhancement in production processes, smart equipment upgrades, and management reform. These efforts address pressing pain points, challenges, and bottlenecks at the frontline of operations, encouraging participants to think beyond conventional frameworks and break free from path dependencies, resulting in a more pragmatic innovation approach and a clearer focus on practical implementation.

　　This year’s entries are no longer confined to traditional improvements and upgrades; instead, they exhibit entirely new characteristics—digital empowerment, intelligent transformation, dual‑pronged efforts to reduce costs and enhance quality, and deep integration of management and business operations. Technology‑driven projects focus on breakthroughs in core technologies, product iteration and upgrading, and the development of new market segments, leveraging technological barriers to build competitive advantages. Process‑optimization initiatives ground themselves in lean manufacturing on the shop floor, targeting process reengineering, streamlining of operations, and energy‑consumption control to achieve simultaneous gains in efficiency, cost reduction, and quality improvement. Smart‑equipment projects, through equipment upgrades and human–machine collaboration, effectively unlock labor productivity and expand production capacity. Meanwhile, management‑innovation projects integrate digital tools, AI applications, and the restructuring of operational workflows, unblocking managerial bottlenecks, streamlining administrative procedures, and optimizing operating models, thereby injecting fresh momentum into enterprises’ pursuit of refined, resource‑efficient management.

　　In his concluding remarks, Dr. Zhao Guofeng, Chairman of the company, wholeheartedly commended the innovative projects submitted by this year’s participants. He expressed great enthusiasm at witnessing a steady stream of outstanding, highly effective innovations. He emphasized that company-wide innovation is the inexhaustible driving force and source of our continued progress, and called for the vigorous cultivation of a robust corporate culture that fosters creativity and values innovation. He encouraged all employees to uphold the corporate spirit of “hard work and perseverance, upholding integrity while pursuing innovation,” to remain committed to their respective roles, to keep shining through sustained innovation, and to inject an unceasing flow of momentum into the company’s high‑quality development with practical action and ingenuity.

　　The spirit of innovation endures, and the path of practical action leads to steady progress and long-term success. The successful conclusion of the second Innovation Competition marks not an end, but a fresh beginning—a commitment to embedding innovation into our daily operations and driving sustained value creation at every level. The company will continue to build robust platforms for innovation and call on all employees to take this competition as an inspiration, staying attuned to industry trends and technological advancements. By focusing on their roles, honing their skills, and boldly tackling pressing challenges, we will harness innovation as our engine and pragmatism as our foundation, together writing a new chapter in the company’s high‑quality development.