The rapidly developing economy has brought favorable opportunities for Shenghua Group. The most crucial thing is to fully utilize employees' potentials, optimize organizational structure, integrate high-techs with conventional industries and management with capitalization. The general principles are: diversification of investors and industrial structure, industrialization of technologies, and globalization of market management. We are dedicated to further emancipating the mind, deepening reforms and accelerating development to realize the second economic takeoff.
The tenth five-year layout
1. The total turnover of 3 billion against RMB with an annual growth rate of 22%
2. Profits and taxes of 480 million against RMB with an annual growth rate of 25%
3. Foreign exchange of 100 milllion USD with an annual growth rate of 17% in average
2010 Prospective Assumption
The total turnover of 5-7 billion against RMB with an annual growth rate of 11-17%
Goals and Objectives
A combination of factors is preferential to the development of the whole group. For one thing, strike a relative balance between management and development, product management and capital operation, high-techs and conventional industries, listed company and the Group, economic benefits and social concerns. The second thing is to introduce internal and external investments and foreign talents. The third is to focus on the management of projections, funds, enterprise image and human resources. Meanwhile, fulfill the shift of ideologies, mechanism and economic growth as well as material and ethical progress by getting capital operation integrated with product management.
Adhere to the five general principles: Persist in the integration of high-techs and conventional industries, technological innovation and management improvement, product management and capital operation, diverse development and bulk operation, and the restructuring of product mix and sustainable development.
The 2002 goal is to make a breakthrough of the total turnover exceeding 1.3 billion against RMB with a profit margin of 180 million at a growth rate of 10.36% and 15.38% respectively.
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