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Wu Huaxin, Chairman of Yongrong Holding Group, attended the special training workshop for private economic figures in the new era (in the manufacturing sector) and delivered a keynote speech.
Release time:
2025-11-13 00:00
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On November 11, 2025, Wu Huaxin, Chairman of Yongrong Holding Group, was invited to attend the “Special Training Workshop for Private Economic Sector Entrepreneurs (Manufacturing Sector) in the New Era,” organized by the All-China Federation of Industry and Commerce. At the workshop, Mr. Wu delivered a keynote speech titled “Structured Transformation and Strategic Upgrading.” This training session was primarily aimed at executives from some of the companies listed in the “Top 500 Chinese Private Manufacturing Enterprises 2025.” Li Fei, Director of the Publicity and Education Department of the All-China Federation of Industry and Commerce, also attended the event.
In the report, Chairman Wu Huaxin emphasized that the proposals for the 15th Five-Year Plan have laid out a grand blueprint for us, filling us with confidence in our commitment to deepening our engagement in the real economy and fostering innovative development. Drawing on the practical experience of Yongrong Holding Group, he systematically explained how manufacturing enterprises can, in the current economic environment, break through developmental bottlenecks and achieve high-quality growth by undergoing structured transformations and upgrading their strategic approaches.
Wu Huaxin pointed out that manufacturing enterprises today face multiple challenges, including the weakening of traditional comparative advantages, intensifying homogeneous competition, and soaring international trade barriers. He emphasized that only by proactively embracing change and breaking free from "involution" can enterprises gain a competitive edge in the new development paradigm.
He shared Yongrong Holdings’ practical approach under the guidance of the “Five Transformations Strategy,” which includes an integrated industrial chain layout, expansion into five key application areas, and ten priority initiatives aligned with the “Cross-Strategic Framework.” He also took international leading companies such as BASF, Dow Chemical, and Nippon Steel as examples to analyze their successful experiences—from single-business operations to diversified layouts, and from technology catch-up to global integration—highlighting the critical role of “technological innovation,” “global deployment,” and “strategic continuity” in enhancing enterprises’ long-term competitiveness.
In the three major innovation dimensions—product, market, and operations—Yongrong Holdings is reshaping its value proposition through initiatives such as greening, high-end positioning, differentiation, segmentation, and branding. It is also redefining its growth logic by deepening its presence overseas, fostering feedback from end markets, optimizing its structure, forming industry alliances, and expanding into cross-sector areas. Moreover, it is invigorating organizational momentum by reducing costs and boosting efficiency, focusing strategically, empowering its systems, promoting synergistic integration, and making forward-looking strategic deployments.
Wu Huaxin stated that “the power of faith” is the core driving force behind the continuous improvement of enterprises. He emphasized that enterprises should ride on the momentum of the nation’s prosperity, strengthen their own capabilities, and harness the collective strength of their teams. As the 14th Five-Year Plan comes to a close and the 15th Five-Year Plan sets off, enterprises must remain firmly committed to pursuing green development and embracing innovation, thus embarking on a new stage of higher-quality growth.
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