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Lotus Holdings Held 2024 Semi-Annual Business Work Conference

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2024-08-05


On August 4, Lotus Holdings held a 2024 semi-annual business work conference to summarize the business work in the first half of the year, analyze and study the current business development situation, and combine the new situation, new opportunities and existing deficiencies to re-optimize and re-optimize the key work in the second half of the year. Deploy, further refine work measures, and compact work responsibilities. Chairman Li Houwen attended the meeting and made an important speech. Li Bin, vice chairman and CEO of the company, presided over the meeting and made a work summary and deployment. All members of the company's management team, heads of various business units and functional departments attended the meeting.

After the work report of each business sector, Li Bin made an in-depth summary of the operation in the first half of the year and made arrangements for the key work in the second half of the year. Li Bin pointed out in the summary that in the first half of the year, the company's operation and management efficiency continued to improve, and the development momentum was strong, which promoted the high growth of business performance. According to the performance forecast, the net profit in the first half of the year doubled year-on-year, and the business development has achieved new remarkable results, and the business management field has shown many bright spots. First, the advantages of the main business of condiments have been continuously consolidated and expanded, the scale and efficiency have achieved significant growth, the market share and competitiveness have been further improved, and new breakthroughs have been made in the expansion of chain channels such as supermarkets. Second, the new retail business scale to achieve rapid growth, a number of categories in the e-commerce channel sales performance ranking into the forefront of the industry. The company's strategic new products represented by lotus matsutake fresh have achieved large-scale benefits on the offline. Third, the integrated coordination mechanism of "production, supply, marketing, storage and transportation" is becoming more and more mature, which promotes the improvement of operation and management efficiency; fourth, the reform of the system and mechanism has achieved new positive results, further stimulating organizational vitality and motivation; fifth, the comprehensive influence of the Lotus brand has been significantly improved, winning more attention and recognition from consumers, industries, local governments and other social sectors.
 
Li Bin pointed out that while seeing the achievements, we should be more aware of the existing shortcomings and deficiencies. There are still many difficulties that need to be overcome, blocking points need to be dredged, and pain points need to be solved. More effective series of measures will be taken to solve them. Li Bin stressed that the second half of the year to focus on five areas of work. One isIt is necessary to unswervingly grasp the basic business of the main business, further refine, refine, and specialize, continuously consolidate and expand existing advantages, and focus on the "six new" efforts to accelerate the achievement of new results; Two isGo all out to do a good job in the team building, system building and business development of the new business sector, and strive to create greater increments for the company's overall operation; Three isSummarize the experience of integrated collaborative management of "production, supply, marketing, storage and transportation" to further enhance collaborative efficiency; Four isEstablish a long-term mechanism to enhance the value of investment, legal compliance to do a good job of market value management. Five isPromote deep-seated reforms and strengthen operational management.

After listening to the report on the company's overall operation, Li Houwen made an important speech entitled "maintaining strategic determination, firm confidence in progress, and reform and innovation to drive Lotus's high-quality development to make greater breakthroughs.

Chairman Li Houwen

Li Houwen first, on behalf of the company's board of directors, fully affirmed the outstanding achievements made in the first half of the year. It is pointed out that in the first half of the year, in the face of the severe external development situation, the company thoroughly implemented the "521" brand rejuvenation strategy, focusing on the main business on the one hand, and continuously improving the scale and efficiency; on the other hand, grasping the second growth curve to cultivate and create new business growth points; At the same time, through deepening reform, stimulating organizational vitality and enhancing development momentum, new and remarkable results have been achieved in business operation, reform and innovation.

Regarding the work in the second half of the year and the next period, Li Houwen put forward four requirements.

1. maintain strategic strength, firm confidence in moving forward, consolidate and expand the competitive advantage of the main industry.First, it is necessary to further grasp the industrial advantages and characteristics of the condiment field, and give full play to the comprehensive advantages of Lotus as the first in the condiment industry and one of the few listed companies, so as to further expand the company's brand influence and further enhance product sales and market share. On the basis of doing a good job in traditional superior products such as lotus gourmet powder, we will focus on increasing the development of new products and expanding new channels to create more new explosives that are recognized by consumers like lotus matsutake fresh, and effectively increase the revenue share and profitability of new products. Second, we should continue to make full use of the tools of merger and reorganization, focus on the industrial chain of condiment and food main industry, and accelerate the new breakthrough in the field of merger and reorganization. This is the inevitable choice for Lotus to continue to cultivate the main business track, further optimize, strengthen and expand the main business.

2. digital transformation to promote the development of new quality productivity, enhance the core competitiveness.First, we should comply with the rapid development and deep integration of digital technology and digital economy, enhance the competitiveness of the company through digital transformation, adapt to market changes and promote the development of new quality productivity. The second is to improve the ability and level of digital enabling product development, marketing promotion and online customer service on the basis of preliminary practice, and promote the digital upgrading of operation management and manufacturing, gradually transform to a comprehensive digital transformation, and continuously improve the digital skills of all employees and the digital asset management ability of enterprises.

3. focus on doing a good job in computing power and related science and technology sector business, accelerate the realization of economies of scale.On the comprehensive basis laid in the first half of the year, we should further improve our internal strength, strengthen the construction of the bottom layer, build systematic ability, build core competitiveness, and take the computing power demand of enterprises in key industries as the main business service direction, increase the expansion of customer resources, and ensure the completion of the tasks and objectives set at the beginning of the year.

4. takes reform as the driving force and drives high-quality development to make greater breakthroughs.It is necessary to sum up the successful experience of deepening reform in the past, launch a new round of deepening reform work in view of the existing difficulties, blocking points, and pain points, formulate a series of reform measures, make accurate efforts, make key breakthroughs, and continue to seek motivation, vitality, quality, and efficiency from reform. We should take the promotion of the reform of the talent management system as the driving force, increase the introduction of leading talents and professionals, promote the reform and upgrading of the marketing system and the collaborative mechanism of "production, supply, marketing, storage and transportation", promote the formation of a new situation of promoting development through reform, strive to stimulate new quality productivity through reform, and promote the high-quality development of Lotus.

Li Houwen finally emphasized that all units must plan and layout in advance, tighten their responsibilities, and strive to achieve better results in the second half of the year to ensure the successful completion of the overall task goals for the year. As long as we maintain our strategic determination, strengthen our confidence in moving forward, work together in the same boat and fight side by side, we will certainly be able to overcome new challenges, seize new opportunities, and achieve fruitful results in a new round of deepening reform. effectively promote the company's high-quality development to achieve new and greater breakthroughs.

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