The year 2021 was a milestone year in the
history of both the Party and the country, and the first year that China
Railway Group had embarked on a new journey based on the 14th Five-Year Plan.
Over the past year, faced with challenges brought by great changes and a
pandemic unseen in a century, we, guided by General Secretary Xi Jinping’s
Thought on Socialism with Chinese Characteristics for a New Era, took the
initiative to implement the decisions and plans of the CPC Central Committee
and The State Council as well as the work assignments of the State-owned Assets
Supervision and Administration Commission. As a “frontier”, we focused on
high-quality development, strengthened strategic guidance, adhered to the
“123456” work strategy, and vigorously promoted efficiency improvement and
value creation, with all economic indicators hitting a record high. Our revenue
exceeded RMB1 trillion for the first time, and our ranking among the world’s
top 500 companies rose to 35th, making a good start to the 14th Five-year Plan,
and delivering excellent results for the Party, the country and the capital
market.
In 2021, we, cherishing the greatness of
our country, demonstrated our responsibility as a “frontier” by serving the
national strategy with our practical implementations and achievements. Based on
the national strategy of developing China into a transport powerhouse,
coordinating regional development, and revitalizing rural areas, we
successfully completed key projects such as the Larin Railway, Facilities for
the Beijing Winter Olympic Games, Qingdao Jiaodong International Airport, and
the Chibi Yangtze River Bridge, as well as a number of high speed railways
linking Beijing with Harbin, Zhangjiajie-Jishou-Huaihua and Mudanjiang-Jiamusi.
We made great progress with high standards and quality in the construction of
the Sichuan-Tibet Railway, a major project of the century; deeply implemented
the Belt and Road Initiative by making steady progress in the construction of
major Belt and Road projects such as the Jakarta-Bandung High-speed Railway in
Indonesia and the Padma Bridge in Bangladesh, as well as the China-Laos
Railway, which was put into service officiated by leaders of China and Laos;
implemented ecological and environmental protection measures, and actively
participated in the Yangtze and Yellow River basin ecological protection. We
also deeply involved in the comprehensive poverty alleviation and rural
vitalization efforts and engaged in epidemic prevention and control and
earthquake and flood relief in many regions, demonstrating our responsibility
as a state-owned enterprise.
This year, we inspired the source of
vitality and deepened the enterprise reform as a “frontier” to demonstrate the
contemporary spirit of the new era. We developed action plans for management
improvement based on world-class standards and fulfilled more than 70% of the
targets set out in the three-year SoE reform action plan as scheduled while
following the “measurable, assessable, testable, and practical” principles. We
established three major systems of “functional management, production and
operation management, supervision and security” for the Company headquarters,
optimized the operation system and mechanism, promoted the specialized, differentiated
and substantive development of investment companies, and introduced a series of
major measures to strengthen the building of boards of directors, improve the
governance of parent-subsidiary companies and deepen reform of the three
systems, in order to build a mature modern enterprise system with Chinese
characteristics, further improve the efficiency of enterprise operation and
achieve vigorous development of the Company.
This year, we, persisting in self-reliance
and self-improvement, demonstrated our pioneering spirit as a “frontier” with
fruitful achievements in scientific and technological innovation. Guided by the
important instructions of “Three Transformations” made by General Secretary Xi
Jinping during his inspection of China Railway Engineering Equipment Group, we,
focusing on the “Four Facing” strategic deployment (facing the forefront of
science and technology, the main battlefield of the economy, the major needs of
the country, and the people’s lives and health), formulated the 14th Five-Year
Plan for the development of scientific and technological innovation, strove to
create a source of original technologies, and made breakthroughs in key
technologies for a number of “high-tech, major, difficult and new” projects.
World-leading achievements were attained in three special tasks. CRHEEC was
listed on the Science and Technology Innovation Board. Five products, including
the full-section tunneling excavator, were selected as national “Manufacturing
Champion”. We made great progress in promoting the digital transformation and
green construction of enterprises and won 7 National Science and Technology
Progress and Invention Awards, 9 China Patent Awards and 12 Zhan Tianyou
Awards. One of our engineers was elected as academician of the Chinese Academy
of Engineering and two were elected National Survey and Design Masters.
This year, we strengthened our enterprise
risk control and effectively demonstrated the corporate governance philosophy
of a “frontier” with legal and compliant management. We balanced development
and security. Remaining mindful of danger in security and chaos in governance,
we took the initiative in proactively identifying and minimizing risk factors,
comprehensively examined the subsidiaries’ risk elements, successfully resolved
the risks of the “Bandar Malaysia Project” and constantly improved our risk
prevention and control capabilities. We strengthened the building of China
Railway under the rule of law, in compliance with regulations and fostered a
rule of law culture in which the law is always top of mind – the law must be
acted upon, the law must be consulted in decision-making, and the law must be
relied on in governance. We established a comprehensive risk management system,
embedding risk management in all links of enterprise production and operation,
focusing on preventing and defusing potential systemic risks, and built a
firewall for safe development, thus ensuring the sound, steady and orderly
development of the Company.
This year, we strengthened party leadership
and demonstrated our political character as a “frontier” through the guidance
and guarantee of high-quality Party building. Under the theme of “studying the
history of the Party” and “celebrating the centenary”, we carried out the theme
activities of “love the Party, love the country and love enterprises with
ideals and beliefs” extensively, inheriting the red gene, carrying on the red
blood, and arming our mind with the Party’s innovative theory and guiding
practice. Following the “two adherence” (Upholding the Party’s leadership over
state-owned enterprises is a major political principle, which must be adhered
to. The establishment of a modern enterprise system is the direction of
state-owned enterprise reform, which must be adhered to.), we integrated the Party’s
leadership into all aspects of corporate governance. In the “Year of Innovation
and Expansion of Party Building”, we promoted the in-depth integration of Party
building, production and management. To meet the needs of high-quality
development of enterprises, we created a high-quality professional cadre team.
We continued to improve our work style, vigorously promoted the great spirit of
Party building, built cultural exhibition halls and spiritual education bases
for frontiers with high standards, and created a fresh and righteous atmosphere
for people to work and start their own businesses with the spirit of “forever
frontier”.
We aim to achieve success amid strong
headwinds shouldering great responsibilities. The year 2022 is an important
year for China Railway to implement the 14th Five-Year Plan. Beginning at the
new starting point of “trillion scale development”, we will, guided by General
Secretary Xi Jinping’s Thought on Socialism with Chinese Characteristics for a
New Era, stay true to our mission, enhance the “four awareness”, strengthen the
“four confidence”, achieve the “two safeguards”, advance vigorously with
courage and determination, promote the spirit of “frontier”, and speed up the
construction of a world-class enterprise with “outstanding products,
outstanding brands, leading innovation and modern governance”, in order to
serve the country, contribute to society, and reward the shareholders and
employees with high-quality development.
Here, I would like to express my sincere
appreciation to the shareholders who have supported the Company’s reform and
all walks of life who have shown care to the Company’s development, as well as
all the staff who have a shared future with the Company!
Let’s work together to embrace the future!
Chen
Yun
Chairman
Beijing, China
30
March 2022
