"Working Together for a Better Future" - Successful Conclusion of 2023 China Yixing · Global Strategic Partners Annual Meeting of Far East
As long as we gather our strength together, the goals will be finally achieved. On May 10, the 2023 China Yixing · Global Strategic Partners Annual Meeting of Far East was successfully held in Yixing, Jiangsu Province, with the theme of "Working Together for a Better Future".
Zhou Feng, Member of the Standing Committee of Yixing Municipal Party Committee and Executive Deputy Mayor of Yixing, Jing Xiaobo, former inspector of the Bureau of Operation Monitoring and Coordination of the Ministry of Industry and Information Technology and Executive Vice Chairman of China Heavy Machinery Industry Association, Liu Changsheng, Executive Vice Chairman of China Electrical Equipment Industry Association, Wang Ruoxiong, Chairman of China Entrepreneur Club, Chairman of the Enterprise Green Development (Haikou) Research Institute (EGDRI) and Founder of Tentimes Group Co., Ltd., Ma Bin, Executive Vice Chairman of China Association of Small and Medium Enterprises, Zhang Liandong, Secretary of the Party Committee and Chairman of Jiangsu Yanghe Distillery Co., Ltd., and Ma Weihua, member of the UNDP SDG Impact Steering Group, Chairman of the Board of Directors of the National Fund for Technology Transfer and Commercialization, Chairman of the Board of Directors of China Global Philanthropy Institute, former President and CEO of China Merchants Bank, gave welcome speeches.
Ning Gaoning, member of the Standing Committee of the 13th CPPCC National Committee and former Secretary of the Party Leadership Group and Chairman of Sinochem Holdings, Jiang Zhenqiang, Director of the Energy Engineering Institute of the Huadong Engineering Corporation, Wang Yanqing, Director of Wuxi Lead Intelligent Equipment Co., Ltd., and Chen Chunhua, management scholar, delivered keynote speeches.
Nearly 700 government leaders, well-known entrepreneurs, experts, and scholars gathered together to explore industry opportunities and conspire for innovation and development.
The meeting was jointly chaired by Xu Haoran, a post-doctoral fellow in economics from Peking University, an expert in corporate strategy and brand management, a consultant in branding services for Far East Holding Group, and Honorary Chairman of Far East Charitable Foundation, and Guo Xiaoheng, Chief Brand Officer and Chief Supply Chain Officer of the Group and Senior Partner of Far East Holding Group.
Speeches by Leaders and Guests
Speech by Zhou Feng, Member of the Standing Committee of Yixing Municipal Party Committee and Executive Deputy Mayor of Yixing
On behalf of Yixing, Zhou Feng extended a warm welcome to entrepreneurs, experts, and scholars from all over the world, and extended warm congratulations on the holding of the 2023 Global Strategic Partners Annual Meeting of Far East. Zhou Feng said that Yixing is not only a famous city in the south of the Yangtze River with beautiful landscapes, splendid culture and long history, but also a city with a developed economy and prosperous industry and commerce. In recent years, Yixing has vigorously implemented industrial, urban, ecological, and cultural development strategies, actively building modern industrial clusters with advanced manufacturing as the mainstay, forming a number of pillar industries such as wire and cable, energy conservation and environmental protection, and new materials. After years of development, a number of strong and powerful enterprises led by Far East Holding Group have emerged, which have produced a strong agglomeration effect and scale advantage in China.
Zhou Feng said that Far East Holding Group is an excellent enterprise with international vision and social responsibility and has made outstanding achievements in the fields of new energy, new materials, and new technologies. It has not only made important contributions to promoting the high-quality development of Yixing's local economy, but also made great contributions to local social help, improvement of people's livelihood and cultural development, and is a pioneer and banner of Yixing's enterprise development. It is sincerely hoped that Far East Holding Group will focus on its main business, work hard, aim high, grow bigger and stronger, actively boost productivity, organizational innovation, technological innovation and market innovation, and strive to enhance the scale, level, quality and effect of the enterprise. He also expressed his hope that all leaders and guests will continue to care about and support the development of Yixing and Far East, introduce more high-quality resources to Yixing and Far East, open up deeper cooperation, and we will provide all-round protection for project landing, enterprise development, and industrial upgrading with the most sincere enthusiasm, the best service and the best environment.
Opening speech by Jiang Xipei, founder and Chairman of the Board of Directors of Far East Holding Group
On behalf of Far East Holding Group, Mr. Jiang Xipei warmly welcomed the leaders, partners from all walks of life, experts and scholars as well as Far East staff who watched the live broadcast online, and expressed his sincere gratitude for their long-standing support to the company.
Jiang Xipei introduced that Yixing is in fact a rare city with huge development potential in the world. It is the unique hometown of professors in the country and the city with the longest life expectancy in the country, and its most prominent advantage lies in its abundance of exceptional individuals and a thriving pool of talent. With such a foundation, Yixing has a full range of industries, including the pottery industry, building materials industry, environmental protection industry, cable industry, new energy industry, and chip industry, which provide a good socio-economic environment for Far East's development.
Jiang Xipei said that Far East Holding Group can be said to have grown from scratch, from small to large, from weak to strong over the past 38 years, and has weathered endless storms and tests. During this process, it has consolidated the concerns, support, affection, and assistance from all participating units and all sectors of the society, which have always held great trust and expectations for Far East. It is because of the high standards and strict requirements of our partners that Far East's industrial chain can be extended. Far East is convinced of this, and it is also convinced that we can work hand in hand with all the partners present to create a better future. He expressed his hope that the Global Strategic Partners Annual Meeting will provide an opportunity for face-to-face exchanges, promote further in-depth understanding, better access to each other's strengths, and achieve common development.
Speech by Jing Xiaobo, a former inspector of the Bureau of Operation Monitoring and Coordination of the Ministry of Industry and Information Technology and Executive Vice Chairman of China Heavy Machinery Industry Association
Jing Xiaobo said that he was glad to meet with many old and new friends in Yixing and at the Global Strategic Partners Annual Meeting of Far East. Over the years, the State Economic and Trade Commission, the State Development and Reform Commission, the Ministry of Industry and Information Technology, and other departments have always been concerned about the development of Far East Holding Group, and have witnessed the development and growth of Far East Cable over the past 38 years of hardships and strivings.
Jing Xiaobo stressed that the manufacturing industry is the foundation of the real economy, the lifeblood of the national economy, and an important area in building a modern industrial system. At present, the new round of technological revolution and industrial change is advancing rapidly and the global industrial structure and layout are profoundly adjusted. Companies under Far East Holding Group, a leading enterprise in the cable industry, have broken many technological monopolies and provided product solutions for many major projects with their first-class R&D capabilities, leading the industry to achieve effective improvement in quality and sound growth in quantity.
Jing Xiaobo expressed his hope that Far East Holding Group would make this annual strategic meeting a bridge for friendship, a platform for information exchange, and a carrier hub for cooperation and development, and deliver corporate energy to contribute to the high-quality development of the manufacturing industry and the advancement of Digital China Initiative and Beautiful China Initiative.
Speech by Liu Changsheng, Executive Vice Chairman of China Electrical Equipment Industry Association
On behalf of China Electrical Equipment Industry Association, Liu Changsheng congratulated the successful convening of the Global Strategic Partners Annual Meeting of Far East.
Liu Changsheng said that Yixing is a piece of fecund land with huge development potential, which has also given birth to an outstanding industrial cluster base in the wire and cable industry, and has injected greater impetus into China's electrical industry, significantly promoting the development of the local manufacturing industry.
Liu Changsheng stressed that as an industry association organization, China Electrical Equipment Industry Association will provide good services for the development of manufacturing enterprises represented by Far East Holding Group, helping the industry grow bigger and stronger to create more social value.
Speech by Wang Ruoxiong, Chairman of China Entrepreneur Club, Chairman of the Enterprise Green Development (Haikou) Research Institute (EGDRI) and Founder of Tentimes Group Co., Ltd.
Wang Ruoxiong said that over the past 38 years, Chairman Jiang Xipei has led Far East Holding Group to move forward with determination and grow step by step, making it become a leading enterprise in the cable industry, a top 500 Asian brand, a top 500 Chinese enterprise and a top 500 private enterprise in China. It is the dividend of the times, Far East Holding Group's unremitting efforts, and the support of various strategic partners that make this possible.
Wang Ruoxiong said that since the Reform and Opening-up, China's economic volume has been the second largest in the world. Enterprises and entrepreneurs are the participants and witnesses, as well as the co-builders and beneficiaries of this remarkable achievement. He expressed gratitude to the vibrant Chinese entrepreneurs, represented by Chairman Jiang, for their proactive contributions to the sustainable development of society and the economy. He firmly believed that under the leadership of Chairman Jiang, driven by technological innovation and green development, and with the collective efforts of all Far East partners, the future of Far East Holding Group would undoubtedly be brighter.
Speech by Ma Bin, Executive Vice Chairman of China Association of Small and Medium Enterprises
Ma Bin pointed out that Yixing is not only renowned as the pottery capital for thousands of years, but also recognized as one of the four major cable production hubs in China. Yixing's cable enterprises, represented by Far East Holding Group, have focused on their main business, strengthened their industries, refined their professions, and made the signboard of Yixing manufacturing more visible. Meanwhile, they have focused on the industrial chain and adhered to the development path of specialization and innovation, so as to promote high-quality economic growth, which has become a consensus among numerous private enterprises.
Over the past 38 years, Chairman Jiang has led Far East Holding Group to successfully transform and upgrade from a traditional manufacturing enterprise to a new type of intelligent energy enterprise. Fully aware of the difficulties in the growth and development of private enterprises, he has spared no effort to call for the reduction of the burden and taxes of private enterprises, which has aroused great repercussions in society and has been a demonstration of entrepreneurs' fulfilling their due responsibility with concrete actions. It is believed that Far East Holding Group will continue to innovate and create excellence in the future, and show vigorous vitality in promoting high-quality development.
Speech by Zhang Liandong, Secretary of the Party Committee and Chairman of Jiangsu Yanghe Distillery Co. Ltd.
Zhang Liandong said that he was honored to be invited to participate in this grand event, and also honored to send the most sincere wishes to Far East Holding Group as a strategic partner of it.
As an outstanding representative of China's industrial enterprises and a national brand that Chinese people are proud of, Yanghe Distillery Co. Ltd. and Far East Holding Group have always been committed to reviving the China brand with feelings of patriotism and bringing China red line to the rest of the world with the spirit of craftsmanship. Both sides share the common dream of building great enterprises that constantly surpass the life cycle and are evergreen. Therefore, we need to answer the questions of our original intention, the questions of change, and the questions of trend with the changes of development, the changes of the situation, and the changes of the times, to build a new world and create a new future. He hoped to work hand in hand with Far East Holding Group in the future to deliver Chinese wisdom and spread the Chinese story with a strategic, contemporary, and global vision.
Online speech by Ma Weihua
Ma Weihua, member of the UNDP SDG Impact Steering Group, Chairman of the Board of Directors of the National Fund for Technology Transfer and Commercialization, Chairman of the Board of Directors of China Global Philanthropy Institute, former President and CEO of China Merchants Bank, delivered a video speech.
Ma Weihua said he was honored to be invited by Far East Holding Group to attend the 2023 China Yixing · Global Strategic Partners Annual Meeting of Far East to kick off this annual event with all the guests.
After 38 years of development, Far East Holding Group has become one of the top 500 Asian brands and one of the top 500 Chinese enterprises. Under the current new situation of high quality and sustainable development through technological innovation, the development of the enterprise faces many opportunities and challenges. Far East Holding Group has built such a platform for exchange, allowing entrepreneurs, experts and scholars, and the press to explore the path to innovation and win-win results. He hoped that the participating leaders and guests will conduct in-depth exchanges and join hands to create a better future.
Keynote speech by Ning Gaoning, member of the Standing Committee of the 13th CPPCC National Committee and former Secretary of the Party Leadership Group and Chairman of Sinochem Holdings, on "Some Thoughts on Cooperation Between State-owned Enterprises and Private Enterprises"
Ning Gaoning believes that the traditional rigid thinking of ownership should not be taken as a fixed framework for the development and management of enterprises. Whether state-owned enterprises or private enterprises, they must ultimately grasp the essence of the enterprise and respect the laws of enterprise development.
Keynote speech by Jiang Zhenqiang, Director of the Energy Engineering Institute of the Huadong Engineering Corporation, on "Offshore Wind Power Development Trends and Challenges"
Keynote speech by Wang Yanqing, Director of Wuxi Lead Intelligent Equipment Co., Ltd., on "Exploring New Energy Intelligent Manufacturing"
Keynote speech by management scholar Chen Chunhua, on "High-Quality Development and Digital Transformation of Enterprises"
Embracing the Unknown: Fearlessly Treading the Path Ahead
Keynote speech by Jiang Chengzhi, Secretary of the Party Committee, Executive Chairman, CEO, and Industry Chairman of Far East Holding Group
Jiang Chengzhi delivered a report on the strategic development of Far East Holding Group. He emphasized that "confidence is more important than gold" against the backdrop of unprecedented changes in a century. Far East Holding Group (stock code: 600869) achieved revenue of RMB 21.68 billion in 2022, bucking the trend of growth throughout the year, with revenue, net profit, and R&D investment continuing to reach record highs. It has continuously facilitated its technological innovation, with an R&D investment of RMB 665 million, representing a year-on-year increase of 25.38%; the profitability is stable, and the net profit attributable to the parent company is RMB 552 million, representing a year-on-year increase of 3.98%. It also achieved operating revenue of RMB 4.31 billion in the first quarter of 2023, with a year-on-year increase of 2.83%, and net profit attributable to the parent company of RMB 120 million, with a year-on-year increase of 39.01%, both hitting new highs in the same period. Profitability has been greatly improved, with sufficient orders in hand and contract orders exceeding RMB 10 million reaching RMB 7.261 billion, achieving a year-on-year increase of 28.33%. Looking ahead to 2023, Far East Holding Group will adhere to its strategic positioning of being one of the best in the global industry, fully implement the development path of focusing on its main business, strengthening its industry, and being innovation-driven, actively promote school-enterprise cooperation and innovation, and youth talent projects, and promote more innovation and excellence in the industry to lead the development of the industry.
As long as the future is bright, there is no need to be concerned with unknown dangers. In the future, Far East Holding Group will focus on the three main businesses of the smart cable network, smart battery, and smart airport, strengthen its superior business and develop new business, accelerate the industrial layout in new areas and new bases, help build a modern industrial system and promote the high-quality development of local economy!
Building on Past Success and Striving for New Achievements
Keynote speech by Jiang Xipei
At the beginning of the second half of the annual meeting, Jiang Xipei gave a keynote speech on "Building on Past Success and Striving for New Achievements". Jiang Xipei first welcomed all the leaders and guests to the event and thanked them for their continuous support and trust in Far East Holding Group.
Jiang Xipei said that in its 38 years of development, Far East Holding Group has always put equal emphasis on the three major causes of industry, education, and charity, and has always adhered to long-termism, the business partnership mechanism and the seven priority talent strategies, namely, "prioritizing physically handicapped people with working ability, prioritizing ex-soldiers who are members of the Communist Party, prioritizing fresh graduates who are members of the Communist Party or class or student councils, prioritizing individuals who have committed in writing to have three children or more, prioritizing individuals who have many children and are not employed, prioritizing individuals with local household registration in the company's location, and prioritizing individuals whose immediate family members have worked in the company for more than five years". Meanwhile, it has always been committed to meeting the goal of six satisfactions, namely, "customer satisfaction, employee satisfaction, shareholder satisfaction, government satisfaction, social satisfaction, and partner satisfaction".
Based on this, he said that enterprise managers should not only understand the macro infinity, but also realize the micro infinity. Enterprise development is inseparable from a good economic and social environment. No enterprise can grow in isolation amid the tide of the times, and it is necessary to keep pace with the times and assess the situation for development. At the same time, there is no trivial matter in business management, so whether it is strategic management, market management, technology research and development, or talent management, attention to detail is crucial in every aspect. To succeed in the market, it is essential to prioritize customers and understand their pain points and challenges, and truly address substantive issues for customers.
Jiang Xipei said frankly that for the Far East, the present is the most precious moment. Because in every era, in every year, and even in every single day, Far East is constantly making progress by finding and solving problems. Therefore, it is not terrible to have problems, but it is terrible not to have the vision and ability to find problems. In this regard, he believes that whether it is for entrepreneurs or employees, unremitting efforts will definitely lead to good achievements, and choosing to lie flat is the beginning of returning to poverty. Both for Far East and the partners here, further self-progress is necessitated. Entrepreneurs and enterprises can cultivate themselves, keep their families in order, serve the country, and benefit the world, which is the direction that everyone strives to move towards.
In the future, whether it is a happy life of individuals or common prosperity, it is inseparable from entrepreneurs from all walks of life and the collective efforts of society as a whole. Therefore, it is imperative to stay united with the Party, resonate with the country, make concerted efforts, remain unwavering in our commitments, and uphold both integrity and innovation, which is not only a path that requires dedicated efforts but also the only correct direction. A few people see because they believe, while most people believe because they see. In the future, Far East will always keep the original aspiration in mind, forge ahead, continue to build on past success, and strive for new achievements. With more youthful vitality and energy, it will strengthen its foundation, accumulate strength, and create a prosperous future.
Roundtable Forum: Seizing Opportunities and Growing Resiliently
Roundtable Forum 1 - New Opportunities for Integrated Development
Dong Lili, Vice President of Talents Magazine, presided over the roundtable forum on "New Opportunities for Integrated Development". Zhong Lisheng, Director of the Collaborative Innovation Centre for High-end Cable Manufacturing and Application of Xi'an Jiaotong University, Dong Chuanyi, Chairman of Zhongguancun All-Time Security Culture and Education Industry Innovation Alliance, Guo Zhitao, President of the Research Institute of Suzhou Huigong Cloud Information Technology Co., Ltd.; Li Gang, President of Hubei Electric Machinery and Electronic Industry Association, Jiang Huajun, Deputy Secretary of the Party Committee and Director, Vice Chairman and CEO of Far East Holding Group, attended the forum. Integration has the power to transform businesses and also alter the destiny of every individual enterprise. Integration is a kind of commercial behavior, but also a kind of ideological sublimation, commercial integration, and win-win cooperation, and it's important to practice the development value of integration with wisdom, courage, and an inclusive mind.
Roundtable Forum 2- Opportunities for New Energy Development and Innovative Cooperation in the Context of the Double Cycle
Tao Zhen, Executive Director of the Promotion Center for Cooperation on Production Capacity of Silk Road and Head of the Global Leadership Development Program, presided over the roundtable forum on "Opportunities for New Energy Development and Innovative Cooperation in the Context of the Double Cycle". Yuan Zhimin, Chairman of Kingfa Sci. & Tech. Co., Ltd., Wen Tao, Secretary of the Party Committee and Executive Director of Shanghai Communications Construction General Contracting Co., Ltd., Li Xiaoqing, Vice Chairman and Secretary of Party Committee of Hangzhou Hexing Electric Power Technology Co., Ltd., Fina Wang, General Manager of Automobile Department of Jiangyin Sinbon Electronics Co., Ltd., Chen Bo, Managing Director of Prologis GLP, and Chen Jing, Deputy Secretary of the Party Committee and Director of Far East Holding Group and CEO of the Cable Industry, attended the meeting. Representatives of various enterprises discussed the opportunities for new energy development and innovative cooperation under the background of the double cycle, shared experiences, looked forward to the future, and explored new paths for future innovative cooperation.
Roundtable Forum 3- Entrepreneurship and Modernization of China
Bian Huaduo, Director and chief economist of Far East Holding Group and President of Far East Institute for Strategic Studies, presided over the roundtable forum on "Entrepreneurship and Modernization of China". Lou Jiangning, Deputy Secretary of the Party Committee and General Manager of China PERFECT Machinery Industry Corp., Ltd., Yang Guang, Deputy Director of the Promotion Center for Cooperation on Production Capacity of Silk Road, Gu Jiandang, President of Phoenix (China) Investment Co., Ltd., Wu Wensheng, Chairman of Safran Electrical & Power Group Co., Ltd., Shen Yifeng, Vice President of Jiangsu Dewei Energy Saving Group Co., Ltd., Yang Wenjie, Deputy General Manager of Lanzhou Kejin Taiji New Technology Co., Ltd., and Jiang Chenghong, Director of Far East Holding Group and Chairman and General Manager of Far East Electric, attended the forum. China's Reform and Opening-up has awakened the entrepreneurial spirit of Chinese people. In the process of realizing the great rejuvenation of the Chinese nation and the modernization of China, it is necessary to revive entrepreneurship. We should respect and call for entrepreneurship, so that the whole society can form a public opinion atmosphere of respecting and caring for entrepreneurs and create a sound environment for the times. Only in this way can China's modernization be realized earlier and better.
At the end of the meeting, with the music playing, the strategic signing and awarding ceremony of the 2023 Global Strategic Partners Annual Meeting of Far East officially kicked off. The leaders concerned signed a contract with the partners who worked together to pursue further development and awarded honorary awards to the strategic partners.
Strengthening Confidence and Moving Forward with Fortitude
From 2022 to 2023, Far East Holding Group has secured impressive achievements, and with the help of partners from all walks of life, it achieved a further improvement in performance.
(Yibin Intelligent Industrial Park of Far East, Rudong Marine Cable Base, and Communication Optical Fiber Rod Project of Far East in turn)
According to the annual report released in April, revenue, net profit, and R&D investment, all reached new highs in 2022. The performance in the intelligent cable network business has grown steadily. In 2022, the company maintained a leading position in the cable industry and continued to break through, achieving revenue of RMB 19.692 billion, leading the industry in market share of UHV wires, wind power cables, photovoltaic cables, nuclear power cables, charging pile cables and other market segments. In terms of industrial layout, we will continue to expand industrial bases and rapidly promote the construction of major projects such as the high-end offshore marine cable industrial base, Yibin intelligent industrial park, communication optical rod fiber base, and digital intelligence and transformation for cables at Yixing base of Far East, which will be put into production in 2023.
Revenue in the lithium battery energy storage business reported an accelerated increase. In 2022, Far East built a product matrix to make all kinds of scenario applications available and achieved a comprehensive layout from a single battery business to an energy storage system business. In the whole year, it received orders for overseas household energy storage exceeding RMB 1 billion and accelerated the implementation of the "cable storage integration" strategy to rapidly promote the expansion of the domestic industrial and commercial and power generation side energy storage market. In terms of copper foil for lithium ion batteries, the Company has actively progressed the construction of the project for high-precision copper foil for lithium ion batteries of the Far East Yibin Intelligent Industrial Park.
The smart airport business remains stable. In 2022, Beijing JingHangAn Airport Engineering Co., Ltd. achieved operating revenue of RMB 1.434 billion and continued to be the No. 1 in the industry in terms of the number of bids won throughout the year. Beijing JingHangAn Airport Engineering Co., Ltd. has set up a research and development center, and according to the development concept of "four-type" airport construction of the Civil Aviation Administration, it is carrying out research and development of airport special equipment and special systems, and a series of products will be put into the market soon, which will create new business growth points.
The continuous growth of performance is inseparable from the support of technology research and development. Over the years, Far East Holding Group has attached great importance to innovation, invested hundreds of millions of money to encourage and support R&D, and continuously promoted technological upgrading in three business sectors. It has won many honors, such as the China Patent Award, China Top 500 Machinery Industry, Jiangsu Quality Benchmark, and Jiangsu Intelligent Manufacturing Demonstration Workshop, which has become a demonstration of the steady development of the Far East.
After the release of the 2022 Annual Report, the achievements made in 2023 were also very impressive. According to the 2023 quarterly report, Far East's contract orders of more than RMB 10 million from January to April achieved a year-on-year increase of 25.02%, continuing the momentum of continuous improvement.
Over the years, adhering to the mission of "creating value and serving society", Far East Holding Group has continuously boosted its capacity for product and enterprise transformation and upgrading, and at the same time insisted on fulfilling its social responsibilities and cultivating the soft power of corporate culture. Since its establishment in 1985, it has placed more than 3,000 disabled people in employment and trained more than 100,000 disabled people. It is a private enterprise with the largest number of disabled people in China. In addition, it has set up a charity foundation and the Far East Education Award Fund to help more people in need with "hematopoietic charity". Shouldering the social responsibility and mission of private enterprises, it will stick to its original aspiration and keep moving forward.
Working Together for a Better Future
Loaded with honors and confidence, Far East, together with strategic partners from all walks of life, comprehensively expounds and shares the business situation and future planning from the perspectives of industrial development, strategic direction, core advantages, and coordinated development. With resounding applause and blooming flowers, the 2023 Global Strategic Partners Annual Meeting of Far East has reached a fulfilling conclusion, while the new journey of Far East and its partners is just beginning. In the future, Far East Holding Group will engage in deeper collaboration with global partners, provide customers with more timely and ultimate products and services, actively fulfill its social responsibility, and strive to achieve co-creation at higher levels and across multiple dimensions, to realize the greater win-win situation and create a more brilliant future together!