Nigeria Yongxing Company: 2024 Annual Review & 2025 Strategic Plan

In the challenging year of 2024, Nigeria Yongxing Company successfully navigated multiple pressures, including the global economic downturn, exchange rate fluctuations, market volatility, rising raw material costs, and global supply chain instability. Thanks to the professionalism and dedication of its team, the company ensured the stable continuation of production and sales.

On January 18, 2025, Nigeria Yongxing Company successfully held its 2024 annual work conference, which lasted 6.5 hours and comprehensively reviewed the achievements and challenges of the past year. During the meeting, General Manager Mr. Zhang Xianghai provided an in-depth summary of the company's work in 2024, thoroughly analyzing the successes and shortcomings in business management and outlining a comprehensive plan and deployment for 2025.

The meeting highlighted that despite the worsening external business environment in 2024—characterized by soaring scrap iron procurement costs, a sharp increase in electricity prices, and the rapid depreciation of the Naira—Nigeria Yongxing Company maintained a steady growth trajectory. This resilience was attributed to the team’s proactive response and flexible business strategy adjustments.

For 2025, General Manager Mr. Zhang outlined the following key work directions:

1. Procurement Department: Achieve growth to provide strong support for production and sales.

2. Project Implementation: Accelerate the execution of new projects to drive the company’s innovative development.

3. Sales Department: Act as the market vanguard, ensuring that "as long as production continues, sales will follow."

4. Production Department: Achieve breakthroughs by focusing on key performance indicators, steadily improving while ensuring growth.

5. Financial System: Learn from the financial management system of Thailand Yongxing Company and integrate it with the company’s operational needs. By introducing a new system, optimize and streamline various tasks, including data management, reports, documents, and workflows, to enhance efficiency and accuracy.

6. Other Departments: Improve operations based on annual work reviews and requirements, strengthen interdepartmental collaboration, and create synergy.

7. Talent Management: Address personnel-related issues, including internal training and recruitment of high-quality talent, to ensure a strong workforce for the company's growth.

Team Building & Optimization: Strengthen and refine the team to enhance cohesion and overall combat effectiveness.

At the conclusion of the meeting, General Manager Mr. Zhang encouraged all employees with a quote from President Xi:"On the new journey of the company's future development, everyone is a key actor, and every effort is invaluable. Though dreams and wishes may be far, but they can be fulfilled with dedicated pursuit. The future belongs to every courageous dream chaser and every dedicated striver." He emphasized that 2025 will be a year of both challenges and opportunities and expressed his hope that all employees will work together to achieve greater progress and better results in the new year.

Nigeria Yongxing Company sincerely appreciates all employees for their dedication and efforts in contributing to the team’s growth in 2024. We look forward to witnessing a brighter future together—for both the company and each individual!