On July 26th, Huali Holdings held a management analysis meeting for the first half of 2019 in Hefei. The leaders of Zhong'an Huali and Huali Real Estate, as well as some key projects, reported their management performance for the first half of the year and proposed work plans for the second half of the year.

Speech by Chang Qiancang, Chairman of Huali Holdings

The Chairman of Changqiancang made a concluding speech, outlining a plan and roadmap for achieving "secondary entrepreneurship" and transformation and upgrading development. Wang Kun, Vice Chairman of Huali Holdings and Chairman of Zhong'an Huali Construction Group, Mei Shengtao, Vice Chairman of Huali Holdings and Chairman of Huali Real Estate Group, Zhu Zhengying, Chairman of Huali Holdings, and Chang Weiping, Vice Chairman, respectively made speeches on transformation and upgrading, innovative development. The head of the Huali Holdings department and the executives of the two major sectors proposed work improvement measures respectively. Ma Nu, the General Manager of Huali Holdings, conducted an inventory and evaluation of the business management work in the first half of the year, and provided guidance for the work in the second half of the year.

Wang Kun, Chairman of Zhong'an Huali Construction Group, made a speech

Mei Shengtao, Chairman of Huali Real Estate Group, made a speech

Zhu Zhengying, Chairman of Huali Holdings, delivered a speech

Vice Chairman of Huali Holdings, Chang Weiping, made a speech

Ma Nu, General Manager of Huali Holdings, presents the analysis report on business management for the first half of the year

The meeting believes that the performance of business management in the first half of the year is significant, but some indicators still have gaps compared to the annual targets. In the first half of the year, the output value and profit and tax indicators of Zhong An Huali exceeded the quota, creating 5 provincial excellent Mount Huangshan Cup, 3 municipal excellent projects, 9 municipal high-quality structures, 5 provincial safe standardized sites, 8 municipal safe standardized sites, 15 provincial excellent project managers, 11 municipal excellent project managers, 7 municipal exemplary individual, winning 26 positive reports from national, provincial and municipal media, winning the honor of Hefei Excellent Construction Enterprise, Top 50 Construction Enterprises in Hefei, and being rated as the pilot enterprise of EPC project general contracting and whole process consulting in Hefei. Due to the influence of the market environment and proactive risk control factors, the newly signed contract amount has not achieved the scheduled progress. It is necessary to change the business mindset, change business measures, and increase management efforts in the second half of the year to focus on solving the problem. In the first half of the year, Huali Real Estate achieved good results in sales receipts, investment and financing, project construction, and realizing profits and taxes, among other aspects, in meeting the targets set by the controlling shareholder. Especially after the establishment of the real estate group, with the coexistence of new and old institutional mechanisms, not only did it not slow down, but it also made new progress in project reserves, mechanism transformation, investment and financing.

The meeting pointed out that the transformation of business organization has laid a solid foundation for Huali's "second entrepreneurship" and transformation and upgrading development. Since its establishment, the investment and development company has undertaken numerous outstanding projects. After completing the topping out of the main structure of the station ahead of schedule, the second section of the Hefei Metro Line 4 project successfully carried out shield tunneling operations; The resettlement housing for the first batch of national characteristic town projects in our province, the Lu'an Dushan characteristic town project, has been completed; The Talent Apartment Project in the North District of Hefei Economic Development Zone is a prefabricated construction project. Up to now, Zhong'an Huali has undertaken nearly 1 million square meters of prefabricated projects.

The meeting requires that we should seriously study the policies of reform and development in the construction industry, treat the market environment correctly, firmly transform, upgrade, innovate and develop without wavering, vigorously promote the construction of internal mechanisms in enterprises, strengthen standardization, refinement, and informatization construction, shape the brand image of Zhong'an Huali, and strive to achieve the annual business management goals.