On April 8, Rifa Group’s first quarter 2006 economic situation analysis meeting was held at the group’s Hangzhou headquarters. The meeting mainly centered on the group's various work tasks throughout the year, summarized the completion of the group’s main economic indicators and the progress of various management work in the first quarter, analyzed the existing problems and gaps, determined the tasks of the next phase, and fully deployed the work of the next quarter. Focus.

    2006 was a year in which the Group continued to deepen reforms, adjust and rectify. Strengthening system implementation, cultivating core competence, improving performance evaluation, and strengthening internal auditing are the requirements put forward by the group's president Wu Jie at the year-end summary meeting, and they are also the focus of work in 2006.

    In the first quarter, the overall operating performance of the group declined compared to the same period last year. The textile machinery industry declined slightly compared to the same period last year due to the macro environment and off-season. The machine tool industry was relatively stable and basically the same as the same period last year.

    Mr. Wu pointed out that the integration effect of Rifa Textile Machinery in the previous year was not reflected in the operations of the first quarter of this year. The marketing center of the next stage should make full use of the advantages of Rifa’s mature products in the market to expand market share, and the project center should increase the market share. The expansion of the large market has enabled new products to become large-scale as soon as possible; Changrun Textile Machinery’s performance in the first quarter has basically reached the expected target, and the next stage will improve the overall efficiency of the company by reducing costs, adjusting the staff structure and accelerating the development of new products; Rifa Digital In 2006, on the basis of maintaining a certain level of profit, the primary goal is to expand the market share; Shanghai Rifa must stabilize the entire team to improve performance; the export of self-reliant machinery sheet metal continues to maintain a growth momentum, but the next step is to increase and decrease through adjustments. Shock business performance.

    Mr. Wu requested that all companies and departments carefully analyze and summarize the development of various tasks and existing problems in the first quarter, formulate solutions, and planly deploy in the second quarter work to ensure that the second quarter is completed or exceeded. The business plan brought the group's overall operating performance to a new level in 2006.

    The international market is a market with great potential, and it is also a market that the company has been vigorously cultivating in the past few years. In recent years, the company's international trade business has made gratifying progress. In 2006, all industries must actively explore the international market. The Ministry of International Trade must go out. Only by going out can the market do business. The production department must actively respond to the order requirements of the marketing department, closely focus on customer needs, strive for excellence, ensure quality and quantity, produce on time and quantity, and provide customers with satisfactory products. There must be adequate communication between various business departments to ensure the effective transmission of information.

    The management department serves various industries. It is necessary to enhance the sense of service and responsibility and provide a strong backing for the industry. Mr. Wu pointed out that all management departments must reasonably exercise their rights and fulfill their obligations, make decisions in full consideration of the actual situation of the company, broaden channels, open up ways, listen to opinions and suggestions from all quarters, and avoid bureaucracy.

    At the end of the meeting, it was pointed out that we must not only see the achievements, invigorate the spirit, but also review the current situation, analyze the current situation calmly and objectively, face up to challenges and pressures, and take effective measures to ensure the effective implementation of the group's goals and policies.

    At the meeting, on behalf of the group, Mr. Wu signed the 2006 business performance responsibility letter with the heads of the subsidiaries and the senior executives of the group's direct departments.