On 25th September, the Group convened a launch meeting in Shenzhen for the strategic planning of the 13th Five-Year Plan. All leaders from the Group and over 60 managers from the Group’s functional departments, strategic business units, and grade-one profit centers attended the meeting. The meeting involved in-depth discussions about issues such as changes in the macro environment, the Group’s strategic objectives and development model during the 13th Five-Year Plan, as well as new business development.
In his introductory speech, General Manager Qiao Shibo pointed out that since the beginning of this century, the Group has formulated three development strategies. The two “rebuilding CR” strategies achieved great leaps forward in terms of development. Among the strategic objectives for the twelfth Five-Year Plan, CR has exceeded the Plan in fulfilling objectives related to total asset scale and entering the Global Top 500. However, he said it was still behind in terms of sales turnover and operating profit, and managers on all levels needed to keep up their hard work to achieve these targets. General Manager Qiao hopes that, through the meeting, they will look into and discover potential opportunities and challenges, and explore overall development ideas for the Group’s strategies during the 13th Five-Year Plan under the general direction of “keeping the good and developing the new”.
At the end of the meeting, Chairman Fu Yuning made a closing speech, raising a series of specific requirements related to strategy formulation for the 13th Five-Year Plan. He pointed out, in particular, that CR’s strategies should serve the purpose of making CR a “century-old establishment” that will last forever. Chairman Fu indicated that, during the 13th Five-Year Plan, the Group will face challenges arising from different areas such as the macro economy entering a new development cycle, globalization, and rapid economic growth. Therefore, changes are necessary to enhance CR’s vitality and creativity, so that CR can respond to the new market environment, and is prepared for long-term development. At the same time, Chairman Fu asked the audience to be flexible when formulating the strategies for the 13th Five-Year Plan, demanding that, in planning the strategies for the 13th Five-Year Plan, the profit centers should enhance their research and judgment of economic and industry trends, encourage innovation, and enhance efficiency; push forward transformations and upgrades and enhance competitiveness through structural adjustments; implement concepts that are in line with targets; find out gaps by referring to the targets; look for strategies that will improve targets and achieve targets; learn to allocate resources from a global perspective; be consistent with the spirit of the central government’s 13th Five-Year Plan; and maintain confidence in China’s long-term economic development.
After the launch meeting, China Resources Group’s strategic planning process for the 13th Five-Year Plan officially commenced.