Listening to the Voice of Spring | Cultivating New Quality Productive Forces and Promoting High-quality Development of Huabao

“New quality productive forces” is a frequently-used word in this year’s National People’s Congress and Chinese People’s Political Consultative Conference, and it is also a hot topic on the Internet. It mainly refers to advanced productive force system that is led by innovation, gets rid of the traditional economic growth mode and the development path of productive forces, and conforms to the new development concepts with the features of high technology, high efficiency and high quality. This new concept was first proposed by General Secretary Xi Jinping during his visit to Heilongjiang in September 2023, and was subsequently elaborated at the Central Economic Work Conference in 2023 and at the 11^th group study session of the Political Bureau of the CPC Central Committee on January 31, 2024. On March 5, 2024, General Secretary Xi Jinping further stressed, “we must firmly grasp the primary task of high-quality development and develop new quality productive forces according to local conditions”, when he participated in the deliberation of the Jiangsu Delegation at the Second Session of the 14th National People”s Congress,

SAP and Huabao jointly launched the AI Flavors and Fragrances Creator “Arobot” at CIIE 2021

Mr. HUANG Qunhui, Director of the Institute of Economics of the Chinese Academy of Social Sciences, recently used the basic analytical methodology of system theory to analyze and understand the new quality productive forces from three aspects: element, structure and function. From the perspective of element, it is a new type of labor force, a new type of labor object and a new type of labor tool, as well as a new type of infrastructure. From the perspective of structure, it is a strategic emerging industry and future industry, involving the deep transformation and upgrading of traditional industries, and will eventually form a modern industrial system. From the perspective of function, it is manifested as the improvement of total factor productivity, which also reflects the requirements of new development concepts and high-quality development, and the requirement of promoting the new industrialization process. Therefore, the cultivation of new quality productive forces is a systematic work and must be considered systematically.

 Production Base of Jiangxi H&K

As an excellent enterprise in a traditional industry, Huabao takes the initiative to think and seek changes, adapt to social development and meet market challenges in the changes. In a multi-pronged approach, the company cultivates new quality productive forces from management, R&D, production and other aspects, improve operation efficiency of total factors, stimulates the vitality of innovation, ensures product quality, and promotes the sustainable and high-quality development of enterprises.

In recent years, Huabao has enabled enterprise management and technological innovation through the introduction of SAP and PLM systems, improved the efficiency of enterprise management and operation, and accelerated the transformation of technological innovation. Huabao has actively engaged in AI and AI technologies, explored intelligent flavors and fragrances creation, launched the AI Flavors and Fragrances Creator “Arobot” at CIIE 2021, thus injecting new momentum into its development. Through the implementation of lean production, Huabao has improved quality and efficiency, and provided customers with cost-effective products. Huabao has focused on the strategic mission of “green, nutritious and healthy” to vigorously develop the food ingredients business, comprehensively promote the transformation and upgrading of enterprises, and strive to promote the development of Healthy China. Through the implementation of ESG strategy, Huabao has improved the level of governance, strengthened positive endorsement, created sustainable value, and ensured the sustainable development of enterprises. While continuously improving and innovating itself, Huabao is also striving to fulfill the responsibilities of an outstanding enterprise in the industry, influencing and leading the industry to embrace changes and actively seek changes in a new round of scientific and technological revolution and industrial transformation, cultivating more new quality productive forces, promoting the transformation and upgrading of enterprises and industries, and ensuring the high-quality development of enterprises and industries.

The implementation of the strategies and projects is namely the cultivation of innovative, high-tech, high-efficiency and high-quality new productive forces. They are not only a strong guarantee for the sustainable development of enterprises, but also an effective driving force for the Company in the critical period of transformation and upgrading. Those new productive forces with great vitality will lead the Company towards a more competitive and more dynamic future.

Mr. XIA Liqun, Chairman of Huabao, delivered a speech at the annual general meeting of Huabao

Ms. YUAN Xiaoqin, President and member of the Board of Directors of Huabao, delivered a speech at the annual general meeting of Huabao

On March 5, 2024, Mr. XIA Liqun, Chairman of Huabao, stressed at the annual general meeting of Huabao that it is necessary to firmly implement the overall strategic deployment and maintain the strategic focus of enterprises. At the same time, he also required to serve customers with best products and build the core competitiveness of Huabao. He mainly put forward requirements from three aspects: providing solutions through technological innovation, providing optimal products through lean production, and ensuring sustainable development through ESG. At the annual meeting, Ms. YUAN Xiaoqin, President and member of the Board of Directors of Huabao, stressed the need to strengthen strategic leadership, introduce ESG concepts, and promote high-quality and sustainable development of Huabao. Ms. YUAN deployed the work in the new year from several aspects: open up new markets and promote new categories; transform scientific and technological innovation into achievements, enhance the core competitiveness of enterprises; improve quality and efficiency of production and manufacturing, develop an advanced production system; advance key work in an orderly manner according to headquarters deployment. Every word speaks loud and clear. Every measure has a strong support. Huabao people carry the responsibilities on their shoulders, integrate innovation into daily life, and always do solid work. This is the voice from the spring, the inspiration from the future, and the spur from the responsibilities. The power to break ground, the power to bloom, the power to live forever, are new forces surging in the spring.

Huabao people have clarified the focuses, the specific measures and the working concepts for the job tasks in the whole year. Next, the companies, departments and colleagues of Huabao Group will work in close collaboration to tackle difficulties, explore new ideas, promote work implementation, and facilitate the measures to improve and achieve results. Huabao will continue to integrate into the ever-changing new world with a more open, active, proactive and change-seeking attitude, embrace the rapid development of new technology, resonate with the new world, introduce new technologies, face new challenges and seize new opportunities, thus to achieve high-quality and sustainable development of the Group under the push of new quality productive forces.