New rules, new goals, new momentum - New Year's message from Gao Xianwu, Chairman of Yanggu Cable Group in 2018

At the moment when the New Year bell rings in 2018, Yanggu Cable Group has also entered its 32nd year of development through the test of time

Looking back at the past year, the national supply side structural reform has driven industrial upgrading, forced enterprise transformation, and changed the world pattern. This year, China contributed 30% of global economic growth, and Yanggu Cable Group experienced an extraordinary year.

In 2017, the survival and development environment of enterprises became increasingly severe. A series of governance actions, such as deepening tax reform, environmental inspection, and disciplinary inspection, were taken to regulate the "high-speed" economic growth in the past to a "high-quality" state. Yanggu Cable Group has improved its governance structure, strengthened legal and compliant operations, eliminated management problems, and upgraded its industrial form, demonstrating development vitality in the new rules and order.

In 2017, the "Aokai Cable" quality incident sparked nationwide questioning and condemnation of the wire and cable industry. In the process of cooperating with the national inspection, Yanggu Cable Group has stood the test and polished its "golden signboard" that has been cultivated for more than 30 years with excellent quality, and its sales performance has increased instead of decreased.

In 2017, Yanggu Cable Group, as the main leading unit, participated in the establishment of the "National Special Optoelectronic Cable Industry Famous Brand Creation Demonstration Zone" approved by the General Administration of Quality Supervision, Inspection and Quarantine, and achieved remarkable results. During this period, we received assistance and support from experts from the General Administration of Quality Supervision, Inspection and Quarantine, as well as quality supervision departments at the provincial, municipal, and county levels. Here, we express our sincere gratitude!

In 2017, the 11th Shandong Provincial Party Congress was successfully held, and the Party Committee of Yanggu Cable Group implemented the spirit of the meeting in the first time, launching the action of "promoting development through party building, striving to be a leading enterprise in the transformation of old and new driving forces". Guided by the development slogan of "conversion of old and new kinetic energy", the group has overcome a series of difficulties such as high technological barriers, competitor resistance, and tightened financial policies, and has landed high value-added key projects such as "Annual production of 400 tons of fiber optic prefabricated rods project" and "High speed railway electric traction wire project with a speed of over 350 kilometers per hour". Compared with traditional cable products, the profit margin of new projects has significantly increased, and the value of factors such as technology, process, and talent is more prominent and sustainable.

In 2017, Yanggu Cable Group's development experience of "conversion of new and old kinetic energy" was reported by more than 100 media at home and abroad, and won the headlines of Shandong News Network five times in half a year.

In 2017, Yanggu Cable Group provided new products for the "the Belt and Road" overseas engineering projects, and the export trade situation is getting better. At the same time, Shandong Yanggu Cable Group (Hong Kong) Co., Ltd. was registered and established, and its plan to acquire the German "hidden champion" enterprise has entered a reverse phase. A new international expansion journey is about to begin.

The new year of 2018 has arrived, and under the requirements of the development environment of new rules, new order, and new momentum, Yanggu Cable Group must practice its "true skills" and play to its "true level", and share the responsibility with the Chinese economy.

2018 is the beginning year after the 19th National Congress of the Communist Party of China. At the beginning of the new year, the core agenda of the "Two Sessions" will be how to implement, refine, and minimize the spirit of the 19th National Congress, and how to cultivate the seeds of the "new era" into strong saplings. So, we will usher in a year of 'being able to do something', 'having something to do', and 'great achievements'.

2018 is a crucial year for the 13th Five Year Plan, and whether the planned goals can be achieved by 2020 largely depends on the decision-making results and action performance of this year. So, all industries will also release more market opportunities, and we must firmly seize them.

2018 is a year to celebrate and review the 40th anniversary of reform and opening up, and there will inevitably be a wave of reviewing reforms and promoting entrepreneurial spirit throughout the country. This year, as a 32 year old entrepreneur, Yanggu Cable Group will implement internal reforms with a more open attitude, further consolidate development performance, and break through transformation and upgrading.

At the handover of old and new, the brilliance of the "new era" has illuminated the internationalization path of Chinese enterprises. Let us inherit and carry forward the entrepreneurial spirit of Yanggu Cable entrepreneurs for more than 30 years, never forget our original intention, and forge ahead! Closely focusing on the development goals for 2018, we aim to create new brilliance for Yangcable!

Shandong Yanggu Cable Group

Party Secretary and Chairman Gao Xianwu