On February 9, 2026, Shandong Luwei held its 2025 Annual Work Summary Meeting. The meeting comprehensively summarized the work of the past year and arranged and deployed the work tasks for 2026. Mr. Feng Yanming, Chairman of Shandong Luwei, attended the meeting and delivered a speech. General Manager Feng Shuai presented the Group's 2025 Annual Work Summary Report. Vice General Managers in charge of various departments, deputy directors and above of workshops in various branches, managers and above of logistics departments, and outstanding employees of 2025 attended the meeting.
At the meeting, heads of units (departments) such as the VC Business Unit's Branch Plant 1, Power Plant, Materials Department, Human Resources Department, and Production Technology Department reported on their 2025 work summaries and key work plans for 2026. Awards were presented to "Advanced Units," "Outstanding Management Cadres," and "Outstanding Employees" of 2025.
General Manager Feng Shuai delivered the "2025 Work Summary and 2026 Key Work Plan" report. The report points out that in 2025, facing multiple challenges including downward pressure on the external economy, Sino-US trade frictions, and global market intensification, under the strong leadership of the Chairman, the entire Group rose to the challenge and overcame difficulties together, maintaining overall healthy and stable economic operation and completing all target tasks. Major projects such as the 50,000 kW back-pressure unit cogeneration project progressed smoothly, the overall safety and environmental situation remained stable, and new breakthroughs were achieved in corporate honors, number of patents, and brand influence.
Regarding the main directions and strategies for future work, the report indicates that Shandong Luwei has designated 2026 as the "Year of Safe Production," "Year of Quality Management," "Year of Cost Control," "Year of Market Expansion," and "Year of Style Construction," setting clear goals and tasks. It emphasizes the need for overall planning and simultaneous efforts, strengthening the market awareness of all employees, serving and supporting core work, and ensuring accountability at all levels to promote refined management and effective work style.
Chairman Feng Yanming delivered a concluding speech, fully affirming the hard-won achievements of the Group in the past year amidst difficulties and expressing heartfelt gratitude to all cadres and employees for their hard work. The Chairman emphasized that 2026 is a crucial year for the Group's leapfrog development. Faced with increasingly fierce market competition, we must maintain strategic focus and persevere with unwavering determination, comprehensively strengthening safety, quality, cost control, market presence, and work style. We must turn crisis into opportunity and pressure into motivation, ensuring the high-quality achievement of annual targets and injecting strong momentum into the grand vision of "10 billion RMB Luwei, a century-old Luwei."
Seeking dreams across mountains and seas, we are not afraid of the distance; the road ahead may be bumpy, but together we will reach our destination. In 2026, the entire company will stay focused on its goals, strengthen its confidence, and sound the clarion call for progress with practical action and dedication, striving to write a new chapter in the company's high-quality development.
