Time flies, fragrance abounds; the bugle sounds, we strive forward. The recently concluded 11th Session of the 8th Plenary Session of the Provincial Committee and the Provincial Committee's Economic Work Conference analyzed the current economic situation, deployed the economic work for 2025, and outlined a blueprint for high-quality development in Henan, causing a warm response throughout the province.

　　On December 18, 2024, Mr. Wang Yuandong, Executive Vice General Manager of our company, was invited to attend the 11th Session of the 8th Plenary Session of the Henan Provincial Committee and the Provincial Committee's Economic Work Conference in 2024. On December 23, 2024, the leadership team of Wanxin Electric actively organized 26 enterprise cadres at three levels to thoroughly study the spirit of the economic work conference. Everyone agreed that they should not only earnestly study and understand, but also actively implement and practice. Under the strong leadership of the Provincial Committee and the Municipal Committee, Wanxin Electric will set its goals, maintain confidence, forge ahead with determination, and work diligently to bravely advance towards becoming an industry benchmark and leading enterprise, and contribute to the creation of Chinese-style modernization construction in Henan.

　　This Provincial Committee's economic work conference comprehensively summarized Henan's economic work in 2024, deeply analyzed the current economic situation, systematically deployed the economic work for 2025, and provided directional guidance for the economic and social development of Henan. The meeting objectively reviewed Henan's regional strategic position and development mission, deeply aligned with national strategic needs, and firmly grasped key areas and links of economic system reform, such as "expanding high-level opening to the outside world," "building a modern industrial system," "better coordinating development and security," and "promoting the integration of technological innovation and industrial innovation."

　　In the new economic era led by new productive forces, innovation is the key driving force for economic growth. Henan's move will effectively promote the optimization and upgrading of the economic structure and cultivate new growth points.

　　In terms of optimizing the business environment, Henan, through measures such as implementing direct and fast access to enterprise-friendly policies, reducing social logistics costs, and standardizing enterprise-related law enforcement, will create a good external environment for enterprise development, reduce enterprise operating costs, and enhance development confidence. This will help attract more high-quality enterprises to settle in Henan, promote the formation of industrial clusters and economies of scale, and provide strong support for high-quality development.

　　In terms of technological innovation, Henan has listed the innovation-driven, science and education-based, and talent-strong province strategy as the first of the "Ten Major Strategies," firmly grasping technological innovation as the "bull's-eye" and changing the underlying logic of Henan's development.

　　Henan is accelerating the use of changes in project structure to lead changes in industrial structure and industrial capacity. In particular, with the successive completion and effectiveness of a number of landmark and leading projects such as Zhengzhou BYD and Supermicro, Henan's transformation of old and new kinetic energy has been accelerated. It is expected that by the end of the "14th Five-Year Plan," Henan will be able to achieve a structural transformation of old and new kinetic energy.

　　Since the beginning of this year, Henan's economic growth rate has increased quarter by quarter. In the first quarter, GDP grew by 4.7% year-on-year, 4.9% year-on-year in the first half of the year, and 5.0% year-on-year in the first three quarters, 0.2 percentage points higher than the national average, showing Henan's strong economic growth momentum and good development trend.

　　The Provincial Committee's economic work conference made systematic deployments for the construction of Henan's modern industrial system, emphasizing the coordinated promotion of the transformation of traditional industries and the development of new productive forces, which will inject new impetus into the transformation of old and new kinetic energy in our province.

　　First, accelerate the upgrading of the "7+28+N" industrial chain group. The cultivation of the "7+28+N" industrial chain group has become an important strategic measure for Henan's modern industrial system and has achieved remarkable results. The next step is to suggest coordinating the relationship between cultivating new kinetic energy and updating old kinetic energy, accelerating the transformation of traditional industries, implementing future industry cultivation and development actions, giving birth to a number of high-value-added new formats and models, and creating a number of high-growth new industries and new tracks. In particular, it is necessary to support various localities in cultivating and developing specialized and new industrial chains and industrial clusters in a way that suits their local conditions, building characteristic industrial ecosystems with strong competitiveness, and improving the recognition and value chain position of industries.

　　Second, accelerate the deep integration of technological innovation and industrial innovation, and promote embedded cooperation between innovation platforms and enterprises. In recent years, our province has built a number of high-level innovation platforms. The next step is to focus on promoting the timely application of scientific and technological innovation achievements to specific industries and industrial chains, supporting the exploration of new models of embedded research and production cooperation, forming a market-driven, demand-oriented, and enterprise-led innovation system, and focusing on supporting entrepreneurs in integrating innovation platforms and talent resources to launch a number of landmark innovative products, forming a virtuous cycle of industrial upgrading and innovation investment.

　　Third, deepen digital empowerment. Emphasize "one transformation driving three modernizations," support enterprises in relying on artificial intelligence and digital platforms to accelerate the development of new products, the expansion of new tracks, the growth of new formats, and the cultivation of new models, forming a number of digitally driven industrial growth points. Digital technology application scenario development should be used as a starting point, guiding enterprises to tap the potential of digital application scenarios and driving the development of new industries such as industrial large models and data services.

　　During the conference discussions, the leading cadres of Wanxin Electric actively spoke and reached many consensus. In terms of the company's technological innovation and industrial layout, taking the transformation of new energy in the power grid, electronic information manufacturing, and digital transformation as the starting point, and cooperating with the construction of seven major key industrial clusters as the development direction, will add new impetus to the transformation and upgrading of the entire Henan province.