On the afternoon of 31 August, Shandong Energy Group Capital Operation Work Conference (also the Commendation Conference for Major Capital Operation Projects) and the Commendation Conference for the Technical Competition of Mine Safety Production Managers, was held in Tai'an, Shandong. The meeting summarized the achievements in capital operation and the technical competition results of mine safety production directors, deployed the key tasks for the next step, and mobilized organizations and staff at all levels and to unify their thinking.
Li Wei, Secretary of the CPC Shandong Energy Committee and Chairman of SDE, delivered a speech, while Zhang Baocai, Deputy Party Secretary, Director, and General Manager of SDE, presided over the meeting.
At the Capital Operation Work Conference, Li Wei pointed out that since the merger, the control system has become more robust, with a sound "1+N" equity investment system established. Efforts have been made in the integration of coal resources and the accelerated expansion of new energy and new materials. The brand effect has become more prominent, with a significant increase in the capital brand value and market recognition. A multi-level capital market structure both domestically and internationally, known as "6+1+4", was built. The asset securitization rate has doubled from 36% to 72% within two years.
Li Wei emphasized the focus on reaching over 85% of asset securitization rate by the end of the "14th Five-Year Plan" and the aim to establish a "1+N" listed-companies pattern within 3-5 years. We should adhere to the dual-driven approach of capital operation and real business. We need to firmly develop industrial investments within their core business and efficiently carry out financial investments, continuously promoting the high-quality development of capital operation work.
During the meeting, Ru Gang, Vice General Manager and Chief Auditor of SDE, announced the notice for recent major projects. He signed "Asset Securitization Project Target Responsibility Agreements" separately with Luxi Mining, Power Group, and South America Company. Representatives from outstanding project teams delivered respective speeches.
Regarding the technical competition among members of the mine safety production managers, Li Wei emphasized that this competition is an innovative practice for SDE and has yielded significant results. Li Wei underscored the importance of proactively adapting to the new trends and models of "industrial digitization and digital industrialization." He advocated active learning and mastery of cutting-edge technologies, as well as the guidance and training to primary-level technicians to enhance the overall competence.
He also urged staff to learn from outstanding technical talents and leverage their strengths. We should promote the separation of management and technical positions, optimize the
configuration of operational skill positions, and expand the promotion opportunities for technical and skillful talent.
Furthermore, Li Wei stressed the need to deepen three institutional reforms, strengthen human resources management, and refine market-oriented operational mechanisms. He advocated linking salary to performance and establishing an incentive mechanism where employees' income is determined based on their professional qualifications and performance contributions. For outstanding talents sprouting through competitions, we should prioritize them in skill assessments and recommend them at excellence selection activities.
Liu Jian, Member of the CPC Shandong Energy Committee and Vice General Manager of SDE, reported the results of the technical competition. Awards were presented to representatives of winning units and outstanding individual. Individual representatives of the winning units delivered respective speeches.
In his concluding remarks, Zhang Baocai emphasized that all units and departments should earnestly study and implement the spirit of the meeting. They should actively learn from excellent experience of related units, implement the requirements of the meeting, and continue to push forward the two tasks, which will contribute to the construction of SDE as a clean energy supplier and a world-class enterprise.
The meeting was conducted via videolink. Liu Qiang, Member of the CPC Shandong Energy Committee and Vice General Manager of SDE, Yang Zaichang, Chief Financial Officer, and senior management Wu Xiangqian, Sun Xikui and Xu Xichao, attended the meeting.
