Optimizing for Success: A Comprehensive Overview of SHQD's 2024 Mid-Year Summary Meeting

The 2024 Mid-Year Summary Meeting concluded successfully, with all the executives thoroughly analyzing the production and operational status in the first half of the year. They formulated key tasks and action plans for the second half, providing a solid foundation for the company's steady development.

The meeting, held on July 22nd, was attended by all the managers.

• Mr. Xue, the Director of the Marketing Department, summarized and analyzed the sales target completion rate in the first half of the year. He also reported on the completion of new products and outlined key tasks for the second half of the year.

• Ministers Fan and Guo of the Plastic Department and Sheet Metal Department, respectively, presented summaries of the completion of business objectives for the company's two critical production projects. They analyzed uncompleted projects and highlighted objectives for quality，improvement and energy consumption reduction for the second half of the year.

• The Purchasing Department explained the backlog of materials and requested improvements in the utilization rate of sheet metal materials and the integration of packaging materials.

• Minister Ma of the Quality Department informed us about the company's quality score and rectification situation in the Haier system.

• The material control department clarified warehouse account management and established specifications for new products with assigned responsibilities.

• Additionally, the company's COO, Mr. Xia, provided a summary report on the production and mold manufacturing situation.

Finally, CEO Zhao outlined the production situation of SHQD's Huangdao District factory and Jiaozhou factory. She also explained the current competition in the home appliance manufacturing industry, noting that the domestic competition is intense and the company is exploring overseas markets to provide more development opportunities.

Despite the challenges posed by the recessionary market environment in the first half of the year, the company achieved significant results through the combined efforts of all staff. However, there are also identified areas for improvement in the second half of the year, emphasizing the need for more practical measures and strengthened implementation of work.

In conclusion, the mid-year summary meeting was highly successful in setting clear goals and action plans for the company's development in the second half of the year. It has laid a solid foundation for the company's future development, and we believe that with the concerted efforts of all staff, the company will achieve higher quality development.