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Hand in hand to fight the epidemic and overcome difficulties to improve business

Views: 27     Author: Site Editor     Publish Time: 2020-04-25      Origin: Site


Hand in hand to fight the epidemic and overcome difficulties to improve business



Fambition Heavy Machinery held its operation analysis meeting for the first quarter of 2020 on February 24. According to the financial report, Fambition Heavy Machinery's financial indicators in the first quarter of this year have a gratifying growth rate compared with the same period in 2018 and 2019. The indicators of profit, return, and orders have all reached more than 90% of the budget indicators.

Fambition Heavy Machinery's financial report was eye-catching and both its revenue and profit increased, which boosted the company's morale. But this does not mean that Fambition Heavy Machinery's "bitter days" have passed. As we all know, the sudden outbreak of Coronavirus Disease 2019 (COVID-19) has caused a huge blow to various industries. As a global enterprise, Heavy Machinery faces major challenges in the market, supply chain and production capacity. If the customer demand and the supplier's resumption of operations return to normal levels as the epidemic continues, it will inevitably take longer, and the company's operating performance in the next few quarters will be affected accordingly.

The current epidemic situation has caused the company to face the challenges of insufficient market supply and demand, unstable supply chain, difficult labor, and insufficient cash flow for operations while facing both epidemic prevention and production. Doing everything possible to stabilize the domestic and foreign stock markets, using various communication tools to expand emerging markets, increasing internal operation control, and asking for benefits from management have become important issues to ensure the survival and development of enterprises.

At the business analysis meeting, Ms. Su Shan, general manager, said that the current internal management of the epidemic must have "connotation" and the external market must have "extension". The company will adhere to the unwavering main business of high-end intelligent equipment manufacturing, and the three major product lines will further achieve design optimization Integration with configuration, cost reduction and efficiency increase, R & D and production of products that meet the needs of the market and customers, help mine production and operation, help marketing and high-speed development of enterprises, and develop both connotative development and extensional development, sprinting the annual business goals.


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    Located at Laixi Economic Development Zone of Qingdao City, FAMBITION is a well known and specialised mining trackless equipment manufacturer.


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