Chenxing Development Successfully Held Its 2023 Spring Annual Meeting
Release date:
Jan 16,2023
On January 14, the 2023 Spring New Year Gala of Chenxing Development was successfully held at the company's headquarters building in Shanxi.
On January 14, the 2023 Spring Festival Gala of Chenxing Development was successfully held at the company’s headquarters building in Shanxi. The event was themed "Golden Tiger Welcomes the Auspicious Rabbit—Chenxing Celebrates the New Year Together," with fiery red as its dominant color. For the first time, the gala featured a synchronized online platform connecting multiple regional branches, bringing together over 200 employees from offices located in Shanghai, Yunnan, Hainan, Sichuan, Taiyuan, and other areas to celebrate the arrival of the new year. Attendees included senior executives such as Bai Xuan Kui, Chairman of the Board; Bai Wu Kui, Director and General Manager; Dong Shiguang, Director; and Bai Guo Hua, Director and Executive Vice President, along with staff from all departments and regional offices across the company, who came together to reflect on the past year and look forward to the future.
In the unpredictable year of 2022, under the company's strategy of strategic contraction, we managed to boost cash flow and navigate through challenges smoothly by effectively controlling operational costs. During the meeting, General Manager Bai Wukui delivered the "2022 Company Work Report" to all employees. While reviewing the achievements of 2022, he urged everyone to redouble their efforts in ramping up sales, ensuring timely collection of payments, and steadfastly moving forward toward the Board of Directors' ambitious goals—namely, the "Three Transformations," "Four Enhancements," and "Five Improvements." He emphasized that all team members must align closely with the company’s overall plan and give their all to successfully meet the annual management targets and business objectives.
Looking back at 2022, Chenxing Development also achieved notable breakthroughs. Led by Executive Director Ma Chengming and General Manager Zhang Luheng, the Mianyang company team successfully completed the business targets set by the Group, thanks to the unity, collaboration, and relentless efforts of all employees—resulting in impressive achievements. Meanwhile, Executive Deputy General Manager Bai Guohua read out the "Decision on Rewarding the Mianyang Company." Additionally, the headquarters introduced an Annual Outstanding Employee Award, presenting certificates of honor for excellence to 11 employees who demonstrated exceptional performance in 2022. The list of awardees was announced by Deputy General Manager Wang Binzhou.
According to the clearly defined 2023 business targets set by Chenxing Development, the total sales target is RMB 2.195 billion, while the cash collection goal stands at RMB 1.945 billion. Headquartered in Beijing and connected via video conferencing with its four regional offices, the company held a grand signing ceremony for the "2023 Annual Project Task Agreements." Meanwhile, project leaders from each regional office delivered heartfelt commitments on stage.
Finally, Chairman Bai Xuankui delivered a keynote speech. He emphasized that the current real estate crisis remains severe, and the overall situation continues to be challenging. However, he also noted that opportunities still exist, underscoring the indispensable role of the real estate industry as a pillar of the national economy. Currently, the company has successfully completed its industrial restructuring, stepping away from competing in mass-market, entry-level housing segments and shifting its project offerings toward low-density, high-quality, and highly livable products. As both the industrial and product structures undergo this strategic upgrade, it’s equally crucial for everyone to align their business philosophies and management approaches accordingly. He encouraged all employees of Chenxing to embrace resilience, take bold responsibility, and work together with the company to navigate these tough times—ultimately paving the way for a new chapter of growth and development.
Golden Tiger welcomes the Auspicious Rabbit—let’s embrace the New Year with renewed energy! We believe that, with the relentless efforts of every Chenxing team member, our company’s growth and success will continue to soar, blossoming like sesame flowers blooming higher and higher. Here’s to Chenxing’s bright future—let’s set off again, fully prepared, in 2023!
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