SMM Network News: September 18, China Aluminum Group Co., Ltd. held a special work meeting to improve quality and efficiency and loss-making corporate governance special promotion meeting. Yao Lin, secretary of the party group and chairman of the Chinalco Group, attended the meeting and made a speech. Yu Dehui, general manager and deputy secretary of the party group of Chinalco, summed up the situation of improving quality and efficiency of the group since the beginning of this year, and made arrangements for the next stage of work. Xu Zhiwu, Liu Jianping, Chen Qi and Dong Jianxiong, leaders of the leading party group of Chinalco Group, attended the meeting.
Yao Lin pointed out: it is necessary to profoundly understand the importance of improving quality and efficiency to the high-quality development of enterprises. Improving quality and increasing efficiency is an important measure to implement the decision and deployment of the CPC Central Committee and the State Council, an important support for enhancing the core competitiveness of enterprises and building world-class enterprises, and an important starting point for effectively dealing with new situations and challenges and achieving high-quality development. The special work of improving quality and increasing efficiency is one of the key tasks arranged by the State-owned assets Supervision and Administration Commission of the State Council at the meeting of heads of central enterprises in 2019. Chinalco Group is firmly grasping the general program of improving quality and efficiency, from increasing market development efforts, continuously improving the level of management, speeding up to make up for the shortcomings of innovation, deepening supply-side structural reform, implementing key reform tasks, and focusing on prevention and control of major risks. It has effectively resisted the double impact of the COVID-19 epidemic and Sino-US trade frictions, and maintained the steady operation of production and operation.
Yao Lin demanded that all departments, strategic units, and entity enterprises of the headquarters of Chinalco should, in accordance with the requirements of the SASAC notice of the State Council and the group's work plan for improving quality and efficiency, take the world-class management promotion action of the standard as an opportunity to comprehensively deepen various work measures and comprehensively promote the landing of the target task.
First, it is necessary to promote the landing of various measures. The six leading departments and the dedicated departments of the headquarters should adhere to the goal orientation in the light of the "1-6" work plan, combine the overall objectives and specific objectives in different areas and stages, conscientiously sum up the experience of the preliminary work, and in view of the existing problems and difficulties, pertinently study and solve the gap, focus on the gap, correct the deviation in time, and ensure that all work is carried out in a solid way in the right direction. At the same time, it is necessary to strengthen organizational leadership within the scope of their respective functions, do a good job in supervision services, strengthen assessment, and strengthen the guidance of public opinion, so as to create a good environment for strategic units and entity enterprises to improve quality and increase efficiency. Each strategic unit should earnestly perform its asset management duties, give full play to its professional advantages, strengthen management guidance and supervision, pay attention to process control, increase its daily investigation and supervision of its enterprises, and do a good job in inspection and analysis against the requirements of the group and the measures and objectives of this sector. if there is a gap, we should catch up as soon as possible. All entity enterprises should focus on the goal of cost leadership, further strengthen the idea of "tight life", come up with hard and practical measures, firmly implement implementation, unswervingly promote cost reduction and efficiency, and strictly follow the requirements of the group's "guidance on cost reduction and Expenditure Control". Implement all-staff, all-factor, whole-process cost control.
Second, it is necessary to deepen the alignment of all elements. It is necessary to implement the deployment requirements of the State-owned assets Supervision and Administration Commission of the State Council on carrying out world-class management promotion, formulate the implementation plan for the group to carry out world-class management promotion, and identify the gaps and deficiencies with global leading enterprises and advanced enterprises in the industry through accurate benchmarking, and promote quality improvement and efficiency. On the basis of the group headquarters carrying out professional field benchmarking to enhance the ability of value creation, we should focus on the all-element benchmarking of each strategic unit and improve the ability of operation and management. It is necessary to establish an internal and external benchmarking system, to "think of the virtues and self-examination", to take the macro-management data as the starting point for the target, and for each strategic unit to do solid responsibility, play a role, aim at the target, and speak with the data.
Third, it is necessary to consolidate the foundation of management. Further improve the level of lean management and build a solid foundation for improving quality and efficiency. Focusing on the gap between the standards and standards of all elements, we will comprehensively promote management and continuously enhance core competitiveness by tamping the foundation of management, promoting management innovation, cultivating advanced culture and other measures. On the basis of further strengthening basic management, we should strengthen management innovation, adapt to the new situation of business format innovation and business model innovation, learn advanced management concepts, and master the use of advanced management tools. to meet the needs of fierce market competition and business development.
Fourth, we should keep the bottom line of risk. We will further implement the responsibility for safety and environmental protection, pay close attention to grass-roots infrastructure, put responsibilities in place, investigate hidden dangers in place, prevent major sources of hazards in place, implement the responsibilities of managers, and make it clear that the administrative leadership of enterprises is the first person responsible for safety and environmental protection. We will further strengthen internal control and management, give full play to the role of "big supervision", improve and improve the accountability system, and ensure that all business operations are carried out in a standardized and orderly manner. We will further improve the ability to deal with legal risks, realize the transformation from post-remedial legal services to pre-prevention, and promote the deep integration of law and business. We will further strengthen debt risk control, strictly control the growth of debt scale, rationally arrange the pace and scale of investment, and maintain a reasonable capital structure. We will further strengthen the control of "two funds", take overdue accounts receivable and sluggish inventory as key areas, improve the quality and efficiency of asset operation, and reduce operational risks.
Yao Lin called for long-term meritorious service, promoting the double improvement of quality and efficiency, and accomplishing the annual management target with high quality, so as to lay a solid foundation for long-term and steady development. In the short term, it is necessary to ensure that the assessment target of "two benefits and three rates" of the State-owned assets Supervision and Administration Commission of the State Council is fulfilled, and that the annual production and operation targets are We should pay close attention to the budget target for production and operation for the whole year, and strive to achieve the goal of improving quality and increasing efficiency. In the long run, it is necessary to change the conceptual thinking, return to the nature of the enterprise, and meet the requirements of high-quality development. It is necessary to firmly establish the concept of "managing capital" and return to the essence of realizing benefits in enterprises. The work of improving quality and efficiency is of great significance and has a far-reaching impact. it is necessary to further improve the political position, strengthen strategic guidance, deepen all-factor alignment, have the courage to take responsibility, do solid work, and spare no effort to do a good job in improving quality and efficiency. Enhance the ability of enterprise value creation. At the same time, it is necessary to do a good job in the normalization of epidemic prevention and control, strictly guard against it, and be cautious from the beginning to the end, so as to ensure the successful conclusion of epidemic prevention and control and production and operation in 2020.
Yu Dehui pointed out that since the beginning of this year, Chinalco Group has comprehensively promoted epidemic prevention and control and production and operation, focused on the special work of improving quality and efficiency, focused on six key areas, deepened the measures of "three declines and three increases", and stabilized production and operation. it has promoted reform and development, prevented major risks, and achieved hard-won business results. First, we should strengthen organizational leadership and carry out the special work of improving quality and increasing efficiency in an orderly manner. Improve the political position, improve the working mechanism; consolidate the main responsibility, strengthen the implementation; innovate working methods and achieve key breakthroughs. The second is to focus on market development and effectively improve the ability of management to create efficiency. Persisting in seeking benefits from market operation, internal coordination and optimization of operation. Third, focus on the improvement of management and achieve remarkable results in reducing costs and reducing expenditure. We have achieved remarkable results in comprehensively reducing capital and controlling expenditure, the growth momentum of the "two funds" has been curbed, and the efficiency of the use of funds has been gradually improved. Fourth, focus on innovation-driven, and achieve positive results in tackling key scientific and technological problems. The system and mechanism of scientific and technological innovation have been improved, and breakthroughs have been made in tackling key core technologies. Fifth, focus on supply-side structural reform, and continue to optimize the industrial layout. Strengthen the strategy to lead and strengthen the main business, "deal with difficulties" to complete the final work, loss-making corporate governance steadily progress. Sixth, focus on deepening reform and implement key reform measures. The new management and control model has been initially established, and the problems left over by history have been properly solved. Seventh, focus on risk prevention and control, major risks can be controlled. Key risk management and control programs have been further improved, and key risk prevention and control measures have been further strengthened.
Yu Dehui analyzed the shortcomings and shortcomings of the quality improvement and efficiency work of Chinalco, and asked to do a good job in the implementation of all kinds of work in an extraordinary state of work. First, we will resolutely achieve the key work objectives of improving quality and increasing efficiency. Continue to improve the ability of market efficiency, continue to improve the ability of product quality control, continue to increase the "two gold" pressure drop, continue to do a good job of international business risk management and control. The second is to resolutely achieve the annual target of loss-making corporate governance. We will pay close attention to the governance of large losers, resolutely deal with small losers, and resolutely curb the return of profitable enterprises to poverty. Third, high-quality completion of the group's annual business objectives. It is necessary to strengthen the implementation of the management responsibility of the strategic unit, comprehensively reduce cost, control expenditure, increase revenue and reduce expenditure, and adopt multiple measures to achieve both quality and efficiency. Fourth, a high starting point for planning all kinds of work in 2021. It is necessary to scientifically study and judge the situation, enhance confidence in winning, plan ahead, and make good budget arrangements.
At the meeting, the main responsible persons of the business departments of each plate, combined with the first-class standard, made a supplementary speech around the annual end of the work of improving quality and efficiency and the governance of loss-making enterprises.
Assistant to the general manager of Chinalco Group, heads of various departments of headquarters (general legal adviser), heads of various sectors and entity enterprises attended the meeting.
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