The theme of the 2023 annual meeting of C&U is "Innovation· Transformation· Sublimation".

This theme in line with the current situation and main characteristics of C&U development, and also meets the requirements of todays external environment and market competition. From the perspective of the law of economic development, "innovation, transformation, sublimation" is an interactive and interconnected system. Innovation is an important means and method to promote transformation, and transformation is the fulcrum and breakthrough to promote continuous sublimation. From this logic, innovation is the foundation, transformation is the path, and sublimation is the goal. A full understanding of the driving role of innovation and transformation and its linkage effect will help us achieve better development.

In the process of C&U development, we need to constantly explore the connection point and the conversion motivation of the trinity of "innovation, transformation, sublimation", so as to lay a solid foundation for the realization of C&Us long-term development.

Innovation - release new energy

"Continuous innovation" is one of C&Us business philosophy. For us, innovation is continuous and never stops. Accelerating the cultivation and expansion of new drivers and upgrading of traditional drivers is an important way to promote the transformation of economic structure and the upgrading of the real economy.

Innovate and "transform" traditional industries. Improve the added value of products and services, promote the C&U industry to the high-end of the industrial chain and value chain, make the C&U industry layout more reasonable, and improve the overall market competitiveness.

Cultivate new business growth points with innovation. We will continue to develop the research, development and production of high-end bearings and cultivate new profit growth points. At the same time, we will continue to use the market-oriented operation mode to accelerate the cultivation of businesses with great potential, fast growth and strong radiation, so as to make it a new impetus to support the future development of C&U.

Achieve win-win cooperation through innovation. We should not only strengthen the agglomeration effect and correlation mechanism between internal industries, tap common interests and enhance value creativity; We should also actively seek external cross-border cooperation, promote upstream and downstream and inter-industry cooperation, and achieve win-win results; We should also carry out international cooperation with a global perspective and innovative thinking, absorb advanced concepts and technologies, and improve international competitiveness.

Transformation - seize new opportunities

Kennedy once said: "Change is the law of life; those who only focus on the past and present will lose the future." Therefore, we need to continue to promote change to make C&U more dynamic and creative.

The main difficulty of reform is to break through the thinking framework and change the work inertia. In addition to focusing on control and daily affairs, our managers at all levels must also become leaders and executors of change. The transformation should begin with the transformation of strategic thinking, from industrial thinking and scale thinking to demand thinking and efficiency thinking.

In the face of the complex and rapidly changing external environment, we need to have the ability to break through the dense fog and see the essence of things keenly. Facing the uncertainty of the future, we need to have the courage to accept it frankly, have the courage to make decisions decisively, and have the courage to make decisions at critical moments. At the same time, we also need to promote the unswerving implementation of reform and the professional ability to ensure success.

Over the past 30 years, C&U has achieved its current pattern through successive changes, which will also determine its future. From the perspective of promoting innovation and change, and from the perspective of improving the quality of development, we should examine and review our own thinking methods, organizational mechanisms and core capabilities, improve the matching of strategic thinking, organizational mechanisms, leadership and transformation needs, and win future challenges.

Sublimation - portray a new picture

The ultimate goal of the trinity of "innovation, transformation, sublimation" is to promote enterprise development. Development is the absolute principle.

Looking back on the development process of more than 30 years, C&U was born from a small workshop, grew up in hardship, and strengthened in reform and development. It has always complied with the trend of development of the times and the direction of national progress. It has written a hymn of never forgetting its original intention and courageously undertaking its mission, and an epic of entrepreneurship that always maintains its youthful vitality and  bravely stands the tide of reform. The spirit of dedication, unity and cooperation, perseverance, innovation, self-improvement. These spirits are not created out of thin air, but are obtained by "C&U" people through hard work and at great cost. These spirits run through the development history of C&U and have played an important role in all stages of development. They are rooted in the traditional culture with a long history, condensed in the reform practice of market economy, sublimated in the ever-changing tide of the times, and thus internalized into the characteristics and endowments of "C&U" people.

The philosopher Sartre said, "There are two things in the world that are immutable from time to time. One is the sun, moon and stars hanging high above our heads, and the other is the noble belief that is deep in everyones heart." In a sense, corporate spirit is also the belief of C&U. Over the past 30 years, C&U has experienced many setbacks and difficulties. The reason why it can rise again and again is that every "C&U" person has the same lofty ideals and lofty pursuit, and is inheriting and practicing the same spirit.

The new situation stimulates new thinking, and new thinking leads new development. We are born to be together under the banner of C&U cause, which has been flying high for more than 30 years and will continue to be passed down for a long time. For more than 30 years, the "C&U" people have been working hard, and the "C&U" peoples feelings of home and country have been renewed. In the new year of 2023, lets keep in mind the mission, the glory and dream of C&U, take "innovation, transformation, sublimation" as our own responsibility, and strive to create a new picture of C&U without forgetting our original intention and making progress.

Transferred from: C&U Group