Distinguished leaders, distinguished guests, colleagues of China saint group,

Happy New Year to you all!

Panhu (hu) ao frost bid farewell to the year of old, the tianpeng reported to welcome spring!

On the occasion of the approaching of the New Year, we hereby solemnly hold the 2018 annual summary and commendation conference of zhongsheng group. On behalf of the board of directors of the group, I would like to express my gratitude to the leaders of governments at all levels who have long cared about and supported us. I would like to pay high tribute to all the staff of zhongsheng group who have been working hard for a year, to the colleagues who are still sticking to the production line, and to the colleagues of American companies who are sticking to the overseas line! To retired old comrades, old experts to extend my heartfelt greetings! Shan tou in the saint, the saint in the economic mine and other joint venture leaders and friends to extend the blessing of the New Year! Thanks to our investors, especially to our partners -- dinghui investment and dehong capital -- who support our transformation and development from capital to business strategy. We would like to express our thanks to our domestic and overseas strategic partners such as sinopec, petrochina, cnooc, shenhua group, GCL group, wanhua group, sinochem group, xinjiang investment group, BASF, SHELL, BP, CTCI, DOW, SABIC and so on. I would like to extend cordial greetings to the leaders and employees of unlisted zhongshengyuan, wuhan zhongsheng, top chemical and stenden. More to today in recognition of the advanced collective and advanced individuals express warm congratulations!

In 2018, the recovery of the world economy as a whole has been uneven, and risks of various kinds are gathering pace. Some emerging economies are in crisis and alarm bells are ringing because of the risks posed by "black swans" and "grey rhinos" such as geopolitical conflicts, china-us trade wars, protectionism, unilateralism and structural imbalances. China's economy is still operating in the "L" bottom zone. Faced with many uncertainties, such as the impact of the fed's monetary normalization on emerging markets, the escalation of china-us trade frictions, the increasing deleveraging of the government, and the sudden emergence of the exit theory of private economy, confidence has been shaken and the downward pressure on the economy has increased. In the superposition of many difficulties in 2018, the group actively cope with weak economic situation, dare to overcome difficult, innovation creation, up and down together, each work orderly implementation, efforts to overcome the rising prices of raw materials, a lot of problems such as market uncertainty, continue to grow, in the industry is still in the obvious comparative advantage.

In 2018, zhongsheng group adhered to the strategy of science and technology leading and innovative development and the concept of "introduction, digestion, absorption and re-innovation", which effectively promoted the group's technological innovation and product innovation. We led the revision of the national standard of special type pipe for efficient heat exchanger, and the national standards of hot rod and hot rod pipe rack were awarded the first prize of nanjing standardization project. Our nano hot rod new product new technology passed provincial appraisal, "efficient submerged combustion type LNG gasification device (SCV), round pipe heat exchanger" efficient ", "large coupling reactor" three kinds of major equipment successfully through the first (set) in jiangsu province major equipment that "safe and efficient environmental protection flame combustion technology and equipment" project won the sinopec scientific and technological progress first prize. In particular, our clean energy sector has developed rapidly and is worth mentioning. We have successfully acquired yongxing thermoelectric of zhangjiagang, connected the central heating and waste heat power generation projects of changrun in hebei to the grid for power generation, and started the relocation project of xintai zhengda thermoelectric site. Our pipeline engineering company has signed the largest single contract in the history of more than 100 million yuan. The process, equipment and plant of binjiang new base have been fully checked and accepted, and the production capacity has been greatly increased and achieved excellent performance.

In 2018, with the joint efforts of all staff, zhongsheng group has made many remarkable achievements in scientific and technological innovation, transformation of scientific and technological achievements, new business expansion and internal management. In this process, a lot of excellent teams, excellent employees and middle holy stars have made outstanding contributions to technological innovation and service. On behalf of the board of directors of the group, I would like to express our sincere thanks to you for your wisdom, wisdom and hard work for the sustainable development of the group. At the same time, I would like to express my heartfelt congratulations on the honor you have received.

Looking ahead to 2019, we need to face up to the uncertainties of the external environment and properly understand and face the crisis. In 2019, China's economy is likely to remain in the bottom, continue to decline, the process of "structural adjustment and deleveraging" has not been completed, various difficulties will add up, and different industries will appear obvious differentiation. We need to realize that as external uncertainties increase precipitously, so do our business risks and pressures. Therefore, in the pursuit of business growth at the same time, we also need to strengthen the bottom line thinking, thinking invincible strategy, strategic patience, study how to grasp the nettle, turn the crisis into an opportunity for development.

To this end, we need to continue to strengthen innovation, improve the ability to resist risks, and promote the traditional business from product to system engineering through scientific and technological research and development and technology integration. We will strengthen management, streamline administration, improve quality and efficiency, improve profit margin, and strive to 90% of the labor and input output of 110% of the profit, equipment manufacturing and other traditional business to achieve a jump, build our respectable and credible brand image, create benefits for customers, boost customer success! We need to further expand the clean energy market and investment, and smoothly realize the transformation and development of our business model and profit model, so that we can obtain long-term and repeated stable profits from the operation of investment projects while having the profits from orders and EPC and other short-term contracts.

We need to strengthen the building of leading bodies and teams, clarify objectives and responsibilities, and improve the leadership of officials at all levels. Cadres at all levels should have the courage to take responsibility, focus tactically on the target, plan first, do a good job in process control, be good at finding problems, start from the problem, put forward specific measures, solve the problem, form a closed loop, innovative development. In order to adapt to the new business model, it is necessary to focus on the transformation and development strategy, attach great importance to organizational construction and talent echelon cultivation, improve the assessment and incentive mechanism, guide people to make the best use of their talents with policies and systems, and stimulate the potential of employees. We need to work together to achieve our goals and create value, so that every employee, especially the core employees, who have worked hard for the development of sino-saint will share the fruits of development, create a win-win situation and share, and become sino-saint's partners, so that sino-saint will truly become an excellent enterprise loved by employees and respected by the society.

Finally, on the occasion of the approaching of the New Year, I wish all the leaders and guests present the best of luck in their work. I wish old comrades and experts good health! May all the staff and your families of zhongsheng group live a happy and happy life in the New Year! Thanks again for your support and hard work in the past year!