Editor’s Note: General Secretary Xi Jinping’s speech at the Symposium on Private Enterprises has injected strong confidence into the development of the private economy, provided fundamental guidance, and expressed earnest expectations—making it of great significance for promoting the healthy development of the private sector. During the Two Sessions, the Government Work Report laid out a comprehensive plan for 2025, and the General Secretary delivered important instructions on economic development, charting the course for the coming year. Over the past month or so, all Wanxiang companies have earnestly studied and implemented the spirit of the General Secretary’s speech, striving to take the lead, making innovative breakthroughs, and demonstrating their prowess. The vision of “Ten years of hard work add a city” is now evolving into “Ten years of hard work add a zero,” propelling us forward with even greater momentum. Here, we share the implementation efforts of seven companies, offering them as an inspiration to our readers.

Wanxiang 123: Innovation-Driven, Digital Intelligence Empowered

To implement the spirit of the General Secretary’s important speech, Wanxiang 123 has organized management personnel at all levels to conduct special study sessions during regular company management meetings, ensuring that all employees share a unified mindset, aligned goals, and coordinated actions.

The General Secretary emphasized the need to strengthen independent innovation, transform development models, and continuously enhance enterprise quality, efficiency, and core competitiveness. This has further reinforced Wanxiang 123’s commitment to innovation-driven development and clarified the central role of innovation in the company’s strategic agenda. The company will step up its R&D investment, implement a differentiated competition strategy, and focus on achieving breakthroughs in key core technologies. It will also build an open and collaborative innovation platform, forging deep partnerships with universities, government agencies, and upstream and downstream enterprises in the industrial chain to jointly conduct cutting-edge technology research and product development, thereby accelerating the commercialization and application of scientific and technological achievements. Moreover, the company will promote transformative changes in information-based, digital, and intelligent management, roll out the AOS operational management system, and leverage data-driven approaches to achieve refined management, boosting production efficiency and product quality. Additionally, the company will advance reforms in its human resource system and compensation-performance evaluation mechanisms, refining incentive structures from the perspectives of innovation rewards, shared benefits from achievements, and clear promotion pathways, thus fostering an innovation ecosystem in which all employees actively participate and contribute their ideas.

Universal Joint Factory: Strive and You’ll Succeed—Pioneering a New Future

All departments and work sections of the universal joint factory have organized study sessions to thoroughly implement the spirit of the General Secretary’s important speech, strengthening their resolve to focus on core businesses and bolster real industry, firmly reinforcing their confidence in embracing technological innovation and driving industrial upgrading, and inspiring a spirited attitude of bold determination, relentless effort, and the belief that with perseverance and teamwork, we can achieve victory.

In 2024, the universal joint factory broke through adversity and achieved double-digit growth in both revenue and net profit, with remarkable results in market development and technological innovation. In the new year, the universal joint factory will continue to leverage its unwavering commitment to hard work and tackling tough challenges to offset the uncertainties of the external environment. With a sense of urgency that time waits for no one, the factory will seize every opportunity presented by technological transformation, actively promote the deep integration of AI with the real economy, and accelerate the development of advanced manufacturing. Focusing on expanding new business segments and optimizing operations to better meet user needs, the factory will consolidate and enhance its existing market share, and sustainably drive growth in export business. It will also concentrate on automotive bearing technology standards, ensuring consistent quality and improving performance, while speeding up R&D efforts in new types of bearings for fields such as new-energy vehicles and humanoid robots, thereby comprehensively enhancing its core competitiveness. Furthermore, the factory will strengthen its talent development initiatives, providing more growth opportunities for young professionals and maximizing the value of its human resources.

Wanxiang Precision: Technology First, Seizing the Momentum to Move Forward

The General Secretary pointed out that technological innovation and industrial innovation are the fundamental pathways for developing new-quality productive forces. Wanxiang Precision will take technological innovation as its core driving force and digital intelligence empowerment as a key approach, building core products and opening up new growth areas in the intelligent chassis sector. By closely aligning with the evolving needs of both the industry and its users, the company will explore new frontiers for its own development and make greater contributions to the advancement of the industry.

The company will explore and implement initiatives from the following three perspectives: First, focus on innovation to build core competitiveness. Centered around the intelligent chassis business, we will accelerate the development of wire-control products and take the lead in advancing core technologies such as lightweight hub units, low friction, high load-bearing capacity, and long service life. Leveraging digital and intelligent engineering, we will drive manufacturing transformation, integrate data across the industrial chain, create an intelligent production ecosystem, and consolidate our achievements in the construction of future factories in Zhejiang Province. Second, optimize costs and enhance service quality. In terms of cost control, we will further improve cost competitiveness through digital R&D, process optimization, and digital-intelligent manufacturing. Regarding service enhancement, we will adopt a tripartite model—“General Manager + Technology + Marketing”—to deliver even better one-stop solutions. Third, accelerate global expansion. We will prioritize completing the commissioning of our Thai base and carrying out preliminary preparations for our European base. By adopting a “local R&D + localized production” model, we will speed up our globalization efforts and promote high-quality enterprise development.

Puxing Jueneng: Green Development—Pragmatism Takes the Lead

The General Secretary attaches great importance to private enterprises’ fulfillment of social responsibilities and to the development of strategic emerging industries and new growth areas in future-oriented industries. As a key enterprise in the energy sector under Wanxiang Group, Puxing Jueneng will actively respond to the call of the Party Central Committee, step up efforts to develop the clean energy industry, and better achieve high-quality development.

The company will delve deeper into the following areas: First, by integrating conventional energy sources with artificial intelligence technologies, we will optimize the energy production process, enhance power generation efficiency, and improve the capacity to absorb new energy. Through AI-powered intelligent scheduling and decision-making, we will achieve coordinated and optimized management across all stages—generation, transmission, distribution, storage, and consumption. Second, in the context of the rapid development of electric vehicles and power batteries, we will explore scenario-based applications of cutting-edge energy technologies such as electrochemical energy storage, molten-salt thermal storage, and hydrogen production from new energy sources. We will seek new growth opportunities beyond photovoltaic and energy storage, innovatively expanding our business scope. Third, we will strengthen technology empowerment by introducing AI-powered visual recognition and IoT sensing technologies to monitor equipment operating conditions in real time, enabling predictive maintenance. We will also build a big-data risk-control platform to integrate operations and maintenance data, thereby achieving intelligent and automated quality control and safety management. Fourth, we will further refine our management systems and governance structures, intensify efforts to attract top talent, establish a robust training system and career development pathways, foster a positive and upward-looking corporate culture, and guide employees to grow together with the company. With a spirit of practical action, we will ensure that all initiatives are effectively implemented and yield tangible results.

Dayang Family: Embarking on Three Innovations, Striving Across the Entire Value Chain

After years of specialized management and international operations, Dayang Shijia has established a full-industry-chain business model that integrates fishery, industry, and trade, with seamless upstream-to-downstream integration. With simultaneous advancement across three key areas, the company is leading the industry. On the offshore fishing resource end, the fleet size is steadily expanding, leveraging smart fishing technologies and intelligent contract fulfillment. At the sophisticated processing plant end, the company focuses on food processing, port operations, and low-temperature warehousing, while undergoing automation upgrades to reduce costs and boost efficiency. On the trade and sales end, the company is adjusting its wholesale distribution strategies and harnessing AI technology to drive private-domain development.

The General Secretary pointed out that enterprises are the main players in economic activities, and internal driving forces for enterprise development come first. As an industry leader, Dayang Shijia must seize the opportunities presented by the new era, fully unleash its internal growth momentum, and make its own contribution to advancing the industry’s progress. The company will continue to uphold the “Create, Entrepreneurship, and Innovation” spirit of the Three Creations, encouraging and guiding employees to focus on key tasks and innovative endeavors, thereby promoting high-quality development across all aspects of the company’s operations. We will place even greater emphasis on building a robust internal system and establishing a strong corporate brand image. While staying committed to “going global,” we will actively engage in friendly exchanges with countries such as Kiribati, enabling our products and brands to reach international markets and enhancing our competitiveness through strength and credibility.

Chengde Lulu: Staying True to Our Original Aspiration, Quality First

Food and beverage is a vital industry closely tied to national economic development and people’s livelihoods. Chengde Lulu has earnestly studied the spirit of the General Secretary’s important speech and is focusing on implementing it in the following key areas.

First, we will uphold innovation-driven development and enhance our core competitiveness. As consumer demands become increasingly diversified, the company will step up R&D investment, strengthen technological innovation, and develop more high-quality, healthy, and safe beverages that meet consumer needs. At the same time, we will reinforce brand building to boost our visibility and reputation. Second, we will strengthen food safety management and safeguard consumers’ rights and interests. We will rigorously implement our primary responsibility for food safety, establish and improve a sound food safety management system, and enhance quality control throughout the entire process—from raw material procurement to production, processing, storage, transportation, and sales services—to ensure food safety. Third, we will strengthen our internal development and elevate our operational and management capabilities. We will focus on building corporate culture, developing our talent pool, optimizing financial management, and enhancing risk management, thereby further improving our cohesion, talent quality, financial stability, and risk-resilience. In addition, we will actively participate in public welfare initiatives, pay close attention to environmental protection, promote green production, and create social benefits.

Wanxiang College: Cultivating Talent, Empowering Development

Wanxiang College held a special meeting to convey and study the important speech of the General Secretary. The meeting focused on studying and discussing key issues such as strengthening education’s role in supporting science and technology and talent development, embodied intelligence, future industries, and promoting the development of new-quality productive forces.

As a higher vocational college sponsored by the Wanxiang Group, Wanxiang College will deeply implement the spirit of the General Secretary’s important speech in the following areas: First, based on practical realities, we will actively explore talent-development models that align with the needs of the private sector’s development. Second, we will strengthen cooperation with private enterprises through approaches such as industry-education integration and school-enterprise partnerships, establish platforms for industry-academia-research collaboration, promote the commercialization of scientific and technological achievements, and provide intellectual support for the transformation and upgrading of the private economy. Third, focusing on the integrated development of education, science and technology, and talent, we will elevate our theoretical understanding, adopt an industrial-economic perspective, and organize well-structured discussions and research. All departments and faculties will continue to study and thoroughly grasp the spirit of the speech, using new ideas to guide practice and drive work forward. We will actively contribute to cultivating high-skilled and innovative talents, thereby supporting the high-quality development of private enterprises.