Recently, the "Sustainable Development Conference of Listed Companies in China" sponsored by China Association for Public Companies (hereinafter referred to as "CAPCO") was held in Beijing. At the meeting, the CAPCO released the "List of Excellent Practice Cases of Sustainable Development of Listed Companies in 2024". Among them, Youfa Group was successfully selected with the case of "implementing quality management practice and growing together with customers".
It is reported that in July this year, CAPCO launched the collection of sustainable development practice cases of listed companies in 2024, aiming to guide listed companies to benchmark and learn from each other and promote the sustainable development value of listed companies. This year, the CAPCO received 596 cases, an increase of nearly 40% compared with 2023. After three rounds of expert review and integrity verification, 135 best practice cases and 432 excellent practice cases were finally produced. The case fully demonstrates the excellent practices of listed companies in promoting the construction of ecological civilization, fulfilling social responsibilities and improving the sustainable governance system.
In recent years, Youfa Group has spared no effort to put the concept of sustainable development into the company's daily production and operation and medium-and long-term strategic planning. From the beginning of its establishment, the company put forward that "product is character", constantly strengthened the formulation of product standards, promoted the full coverage of the internal control standard system, and continuously improved product quality through a number of management systems and green environmental certification. In 2023, the China Metallurgical Information And Standardization Institute and the National Industry Association authoritatively certified the first batch of "compliance enterprises implementing GB/T 3091 national standards" (namely "white list"), and all six galvanized round pipe enterprises under Youfa Group were among them, and passed the supervision and review in 2024, so as to drive more peer enterprises to actively maintain product quality and promote the healthy development of the industry.
Youfa Group adheres to the concept of "Friends of the business development" before "Youfa", and has been working with dealers and customers for many years to achieve mutual benefit and win-win results. Youfa Group has cooperated with more than 1,000 dealer customers in the downstream for years, and the customer retention rate has reached 99.5%. On the one hand, Youfa Group continues to provide management training and strategic support for dealer customer groups to help customers continuously improve their capabilities and progress. On the other hand, when customers encounter operational risks, force majeure and other difficulties, Youfa lend a helping hand to help customers tide over the difficulties. Youfa has repeatedly introduced support measures when encountering the downturn of the industry, helping the dealer customers who specialize in Youfa steel pipe to avoid business risks, and forming a "big Youfa" destiny community and industrial ecosystem with dealers and end users. Looking forward to the future, Youfa Group will continue to deepen the steel pipe industry chain, constantly consolidate the company's product quality, enhance the added value of products, strive to improve the company's profitability and stable dividend-paying ability, achieve high-quality growth of enterprise value, and actively return to investors; At the same time, we will strengthen the marketing revolution, transformation and upgrading, innovative research and development, and green development, actively improve the capabilities of service dealer customers and end users, and guide the high-quality development of the industrial chain.
Post time: Dec-02-2024