From May 16 to 17, China Haisum successfully held the 2024 financial work conference at its headquarters in Shanghai. Zhao Guoang, Vice General Manager of Poly Sinolight, Secretary of the Party Committee and Chairman of China Haisum, Chen Rongrong, Deputy Secretary of the Party Committee and President of China Haisum, and Lin Lin, Chief Financial Officer and Secretary of the Board of Directors, attended the meeting and delivered speeches. More than 40 financial leaders and backbones from various operating units attended the meeting, which was chaired by Zhang Wenwen, Director of the Financial Fund Management Center.
The conference conveyed the spirit of the annual financial work conference of Poly Group and Poly Sinolight, and promoted important systems and management methods such as financial management of overseas general contracting projects, commercial insurance management, financial personnel management, and full cost accounting, as well as provided training on tax exchange and digital asset accounting. In addition, experts from Bank of China in relevant fields were invited to conduct case studies on future foreign exchange settlement. During the conference, the 2024 financial inspection plan, two-level group progress commendations, and the evaluation results of the financial leaders for the year 2023 were also reported.
Zhang Wenwen summarized the financial work of China Haisum for the year 2023 and deployed the key work arrangements for the year 2024. Attendees exchanged experiences and conducted discussions on the topics around financial management of overseas projects, integration of business and finance, and the construction of a financial talent team. The chief accountants and heads of financial departments of each operating unit reported on their performance, work highlights in 2023, and the key financial work plan for the year 2024 in turn.
Lin Lin conveyed the spirit of the 2023 SASAC financial work conference for central enterprises, and made the following clear deployments for the company's financial key work in 2024: Firstly, establish a digital platform to achieve digital transformation, and strengthen data governance to fully tap into the value of data; secondly, improve the standardization system, enhance work efficiency, and strengthen legal and compliance management; thirdly, optimize the financial system, improve institutional processes, and prevent risks; fourthly, build a talent team, enhance overall professionalism, and create a high-quality team of financial talents; fifthly, continuously promote the integration of business and finance, energize strategy implementation, and drive China Haisum to enhance its core competitiveness and to make greater contributions to the company's high-quality development.
Chen Rongrong fully recognized the achievements made in financial work by China Haisum in 2023 and specified five key areas for the financial work in 2024:
Firstly, the financial personnel at the headquarters need to play a role in overall coordination and management, ensure the balanced development of financial personnel in various operating units, cultivate a team of comprehensive talents with expertise in all areas, and redefine the responsibilities of the financial department and individuals.
Secondly, optimize data chaining and integration, and promote efficient management with an open mind.
Thirdly, financial personnel shall conduct financial management with a wide and overall perspective, embrace the spirit of financial integrity, engage in proactive financial planning, and identify and alert potential risks in advance.
Fourthly, aim for realizing intellectualization, gradually empower people and organizations to complete routine finance work through the effective design of organization and process to support the company's strategic development.
Fifthly, promote the integration of business and finance, deepen the involvement of finance in the entire business process, and improve the ability to understand, analyze, and identify business risks.
Zhao Guoang delivered an important speech. He highly praised the outstanding achievements and remarkable results of the financial work in 2023, analyzed the opportunities and challenges faced by the company in the current complex and ever-changing international environment, and emphasized the need to integrate finance with operations at three levels: professional finance, business finance, and strategic finance. He pointed out the importance of integrating finance with operations, and promoting value increase and strategic support based on accurate accounting, and tracking the progress and identifying issues on-site, thus facilitating value creation and assisting in the execution of strategic plans. At the end of the speech, he put forward the following five requirements for the company's financial work in 2024:
Firstly, strengthen the construction of financial management systems, improve internal control systems, and ensure the standardization and transparency of financial work;
Secondly, enhance the establishment of financial risk prevention and early warning mechanisms to ensure the safe and stable finance operation of the company;
Thirdly, actively explore the ways to expand the industrial chain, optimize asset structure, and enhance the ability to create value;
Fourthly, deepen the application of information systems, improving the financial digitalization and intellectualization levels;
Fifthly, continuously enhance the professional and comprehensive capabilities of the financial management team to become an efficient and capable team.
During the meeting period, the attendees participated in a special simulated sand-table exercise for general contracting projects. The exercise aimed to enhance the financial management capabilities and decision-making skills of the financial personnel involved in such projects, ensure efficient project execution and empower the company to conduct whole process management in general contracting projects.