On 24 May 2025, Beijing Qingchang Electric Power Technology Co., Ltd. successfully held its 2024 Annual General Meeting at its Huairou production base. Seventeen shareholders and shareholder representatives attended the meeting. Senior management and supervisors of the company attended the meeting in accordance with legal and regulatory requirements. Attorneys Xu Xiaoman and Luo Qingsheng from Beijing Zhilin Law Firm witnessed the entire meeting, and some company managers also attended. Together, they witnessed the company's achievements for the entire year of 2024 and discussed plans for future development!
At the beginning of the meeting, Chairman Fan Jingsheng delivered a speech, stating that in 2024, the company achieved steady growth and set new records despite the challenging market environment! The company specialises in the production of 10-40.5kV ring main units, leveraging high-quality product standards, highly competitive pricing, and a comprehensive after-sales service system to continuously expand its market share domestically. Simultaneously, the company actively expanded into international markets and achieved outstanding results. Chairman Fan Jingsheng emphasized that in 2024, the company will expand and upgrade its smart manufacturing equipment, with a focus on innovation in digitalisation and artificial intelligence, which has already begun to take shape. In 2025, the company will continue to drive the transformation and upgrading of intelligent and digital technologies to maintain high-quality development, ensuring sustained and stable growth in performance to repay the trust and support of all shareholders!
General Manager and Chief Financial Officer Zhang Huanfen provided a summary report to the attending shareholders and shareholder representatives on the company's 2024 operational performance, 2024 financial settlement, and 2025 financial budget. In 2024, the company focused on strengthening its brand, enhancing its core capabilities, and establishing its image. Adhering to the philosophy of ‘serving the global market and building a world-class brand,’ the company's flagship 10kV-40.5kV ring main unit products were exported overseas and received consistent praise from domestic and international customers! The launch of high-voltage-grade products and distribution network automation terminal products has established a new competitive advantage for the company's ring main unit products in the market. Additionally, in 2024, the company introduced AI management, optimising and upgrading its order scheduling system and material BOM system. This not only improved work efficiency but also effectively ensured product quality and reduced production costs!
This shareholders' meeting adopted a combination of on-site voting and online voting to review and approve seven resolutions, including the company's ‘2024 Board of Directors' Work Report,’ ‘2024 Supervisory Board Work Report,’ ‘2024 Financial Settlement Report,’ ‘2025 Financial Budget Report,’ and ‘2024 Annual Report and Summary.’ Attendees, including shareholders and shareholder representatives, carefully reviewed the reports and resolutions and conducted a show-of-hands vote on the seven resolutions presented at the meeting.
After the meeting, the attending shareholders and shareholder representatives visited the company's intelligent factory under the guidance of the company's chairman, Fan Jingsheng, and general manager, Zhang Huanfen. Chairman Fan Jingsheng and general manager Zhang Huanfen gave a detailed introduction to the new equipment added to the factory in 2024 and the intelligent and AI digitalisation upgrades, and exchanged views with the attending shareholders and shareholder representatives, which was well received by them.
Looking ahead, the road is wide and bright; focusing on the present, we take concrete steps forward. With the successful convening of the company's 2024 Annual General Meeting of Shareholders, shareholders and their representatives are confident in the company's future development. In 2025, the company will steadfastly implement and execute the development strategy formulated by the Board of Directors, maintain stable growth in the domestic market, actively expand into international markets, and sustain the positive momentum of steady growth in revenue and profits while pursuing high-quality corporate development. We will fulfil our practical responsibilities and obligations to repay the trust and support of all shareholders.
Your message must be between 20-3,000 characters!