Review of Acheng Relay Co., Ltd..

During the reporting period, the company made great efforts to overcome the unfavorable factors such as the continuous shortage of funds, made a series of adjustments to its operation and management, and adopted many resolute and effective measures to fully explore the market, optimize its operation mechanism, control costs and expenses, improve economic benefits, and maintain the sustained and stable development of its production and operation. First, the business model has been resolutely adjusted. Under the situation of financial crisis, according to the actual needs of production and operation, the company resolutely adopts the "three unifications" operation mode of "unified finance, unified sales and unified manufacturing", strengthens the unified centralized management and expenditure of funds, maximizes the overall advantages of market resources, and actively strives for high-end customers in the market. The quality of orders has been significantly improved, the manufacturing capacity has been continuously enhanced, the gross profit margin of main business has increased by nearly 2% year-on-year, and the profitability of main products has been enhanced. The second is the rapid integration of the organizational system. With the maturity of the "three unifications" model, the organizational structure of enterprises has undergone great adjustments. Strengthen the marketing function of the marketing department and form a complete and unified marketing subject; A complete set of product design center was established, and engineering designers competed for posts, which concentrated on improving engineering design ability; Concentrate production resources to establish a complete set of product manufacturing center, and further form a unified and complete manufacturing system and raw material procurement system; The separate establishment of Technology Development Department and Quality Management Department has strengthened the R&D functions of Lei Rui Company and Zhongli Company, and further unified product R&D and quality inspection. By integrating existing resources, the company's overall ability has been improved. Third, the target market has gradually changed. According to the actual production and operation, on the basis of a complete and unified operation as a whole, the target market is gradually changing from scattered weak customers to state grid, key government projects and key foreign trade projects, with more contracts and better market structure. Fourth, start to optimize the staff structure. According to the future development needs of the company, the training of cadres and employees has been strengthened, and different forms of training have been carried out for engineering designers, marketers and front-line skilled workers. Recruiting dozens of graduates from various professional universities for two consecutive years, focusing on future development and optimizing personnel structure. Fifth, vigorously reduce costs and increase efficiency. Further clarify the working idea of taking profit and cash flow management as the core, integrate functional departments, rationally adjust work stations, promote energy conservation and consumption reduction, strengthen asset operation, improve asset efficiency, strictly control management expenses, and make every effort to reduce costs, fees and efficiency. At the same time, due to the continuous shortage of funds, the investment in product research and development is still relatively lagging behind. However, the company is going all out to seize the opportunity of national industrial restructuring, actively take measures, increase investment in research and development of new products with internal relations, strive to improve product structure, and enhance the support capacity for the power system.