In the first half of 2025, Xinxing Gear maintained steady progress in a complex and volatile market environment. Through coordinated efforts across all departments, the company successfully achieved its annual targets, laying a solid foundation for its full-year development. In mid-July, a mid-year summary meeting was held under the chairmanship of General Manager Xu Wenwu, attended by Chairman Li Xingming, Vice Chairman Li Xingzhong, and other senior executives. The gathering reviewed the first half of year's achievements and outlined strategic directions for future initiatives. From enhancing production efficiency to achieving technological breakthroughs, expanding market share to optimizing internal management, the enterprise demonstrated comprehensive positive momentum in its development trajectory.

At the beginning of the meeting, the heads of each department reported the progress of the work in the first half of the year. A number of indicators performed well!

Deepen market share and achieve simultaneous growth at home and abroad

The sales department delivered an impressive report card, with the sales volume exceeding 300 million yuan in the first half of the year, a year-on-year growth of more than 30%. This data not only far exceeded the average growth rate of the industry, but also opened up a broader market space for the company.

Optimize the process to improve efficiency, and improve both output and quality

The Technology Department and Equipment Department demonstrated the achievements of R&D and process optimization, significantly improving product performance and production efficiency. As the cornerstone of enterprise development, the production department has introduced intelligent production equipment and lean management mode to comprehensively optimize the production process.

After reviewing the progress report, the Chairman of the Board gave high praise to the company's performance in the first half of the year. He highlighted that the outstanding results achieved amid complex market conditions were attributable to the collective efforts and unity of all employees. Each department demonstrated clear objectives and strong execution, with sales, R&D, and production units working in close coordination to create a powerful synergy for growth. Looking ahead, the company has set multiple key targets for the second half of the year, positioning itself to make a full sprint toward success.

 Face up to challenges and be alert to potential risks

In sales strategy, we must intensify market expansion efforts by leveraging industry trends and our product strengths to achieve over 30% annual sales growth. The Technology and Quality Departments should focus on industry frontiers by increasing R&D investment to develop more high-value-added, competitive products that meet diverse market demands. The production department needs to continuously optimize process by adopting advanced technologies and management expertise to enhance efficiency and ensure timely, high-quality product delivery. The finance department should strengthen cost control and risk prevention to provide solid financial support for operations, while strategically allocating funds to drive business expansion and innovation initiatives.

All departments focus on business to promote the steady development of the company

Seeking benefits from efficiency, to build a benchmark of intelligent factory. Deepen the whole process of operation and production, sort out the bottleneck process, and carry out "zero waste management".

Prioritize quality to build reputation, and leverage cost efficiency to gain competitive edge. We steadfastly uphold quality as our lifeline by implementing a comprehensive quality accountability system for all employees, embracing the "get it right the first time" philosophy. Through holistic cost control starting from every watt of electricity and drop of water, we enhance supply chain resilience, establish strategic alliances with core partners, adopt zero-inventory turnover models, and integrate supply chain management into refined operational frameworks.

Seek growth through market expansion, with a focus on customer-centric strategies and brand excellence. We concentrate on core products like motorcycle drive shaft and counter shaft, deepen our presence in domestic and Southeast Asian markets and expandi into European and American markets. Our technical service team provides advisory solutions to help clients reduce costs and boost efficiency, with sales teams then executing order fulfillment. Our commitment is to deliver "premium quality at rock-bottom prices" for customers, and we aim to make Xinxing an industry synonym for "controllable costs and the best quality".

The mid-year summary meeting came to a successful conclusion with the inspiring speech of the chairman. All employees of Xinxing Gear will take this meeting as a new starting point, uphold the spirit of unity, progress, innovation and development, strive hard to achieve the goals in the second half of the year, not only to "survive", but also to become the industry leader, and write a new glorious chapter in the gear industry.