Focusing on Key Challenges, Prioritizing Tangible Results | Siweinuo New Materials Holds Meeting on Cost Reduction and Efficiency Enhancement for the First Half of 2026

On the morning of June 27, Luoyang Swainor New Material Technology Co., Ltd. organized the 2026 First Half-Year Special Work Conference on Cost Reduction and Efficiency Enhancement. The meeting systematically reviewed the progress made in cost reduction and efficiency improvement during the first half of the year, identified existing shortcomings and weak links, and coordinated the deployment of key work objectives and tasks for the second half of the year. Li Mingqiang, Director of the Group, Li Jiangwen, Director of the Group and Executive Deputy General Manager, and Wang Yajie, Minister of the Group Finance Department, were invited to attend the conference.

At the meeting, eight departments—including the Technology and Quality Department, R&D Department, Production Department, and Equipment Department—delivered special work reports in turn. Closely focusing on the four core themes of improving product qualification rates, increasing raw material utilization, enhancing labor and machine efficiency, and eliminating production waste throughout the entire process, each department solidly implemented various cost-saving and improvement measures, with phased results in cost reduction and efficiency enhancement gradually emerging.

Li Jiangwen, Director of the Group and Executive Deputy General Manager, thoroughly explained the strategic significance of cost reduction and efficiency enhancement for the company's development. He required the company to closely follow the unified deployment of the Group, implement a management mechanism of "projectizing work, listing projects, assigning responsibilities for lists, and coordinating responsibilities," and break down departmental barriers. He emphasized that, on one hand, the company should proactively benchmark against top industry players, learn advanced processes and lean management experience, and leverage external advantages to address its own shortcomings; on the other hand, it should strengthen internal communication and linkage within the Group, promoting two-way sharing of excellent improvement cases and practical experience among sister companies. At the same time, the company should encourage employees to offer suggestions, fostering a strong atmosphere of innovation and efficiency creation.

Li Mingqiang, Director of the Group, delivered a concluding speech and put forward three clear deployments for the next phase of work:

First, firmly adhere to the four core directions of cost reduction and efficiency enhancement, refine the work objectives, implementation measures, timelines, and responsible entities for the third quarter, and promote the implementation of various cost-saving tasks with precision and effectiveness.

Second, aim at industry benchmarks, comprehensively promote the use of Feishu intelligent agents and AI digital tools, accelerate the transformation and upgrading of production process automation and enterprise management digitalization, and empower cost reduction and quality improvement through technology.

Third, always maintain strict vigilance over safety, environmental protection, and quality, strictly control unnecessary expenditures, actively explore new business areas, gather the joint efforts of all staff, and ensure that the annual targets and tasks are overfulfilled.

The journey ahead is long and the wind is strong; shouldering heavy responsibilities, we set off anew. This conference anchored the direction and clarified the path for the company's cost reduction and efficiency enhancement work in the next phase. Moving forward, all employees of Swainor will take the spirit of this conference as their action guideline, integrating lean cost reduction, quality improvement, and efficiency enhancement throughout the entire chain of R&D, production, management, marketing, and logistics support. Empowering quality improvement with digital tools, tapping potential through refined management, and activating momentum with全员 innovation, we will strictly adhere to the bottom lines of safety, environmental protection, and quality, continuously compress ineffective losses, and amplify operational benefits. All departments will work in the same direction with collaborative efforts to tackle tough challenges, consolidate the foundation for the company's high-quality development with practical results, strive to sprint towards the annual business objectives, and contribute solid strength to the implementation of the Group's overall strategy.