Fast started the strategic objectives of the “1311” plan for the “Thirteenth Five-Year Plan”

The "Thirteenth Five-Year Plan" of the Fast Group Corporation was formally established before the day. The "5221" strategic target was fully launched, which has important guiding significance for the sustainable development of the company's science.

Fast Board Chairman Yan Jianbo explains the "5221" strategic goal

The “5221” strategic target is an important core of the “13th Five-Year Plan” for enterprises. That is, by the end of the “Thirteenth Five-Year Plan”, the sales revenue of the Group’s traditional machinery transmissions and after-sales market accounted for 50%, sales revenue of intelligent and new energy product markets. Accounting for 20%, international market sales accounted for 20%, and capital market and new industry revenue accounted for 10%. The company has established Fast as an internationally competitive supplier and service provider of commercial vehicle transmission systems, which has created a new phase of international, diversified, scientific, and high-end development.

What is the driving force of the "5221" strategic goal?

We will closely follow the national strategic opportunities of the “Belt and Road” initiative, deeply implement the scientific concept of development, give full play to the advantages of enterprise innovation, scientific and technological advantages, product advantages, and talented people, and use the theme of informatization, intelligence, and new energy construction to deepen the support of the host and the In the three markets of market services and internationalization, “integration of industry and finance” and “integration of two industries” are the two main driving forces for the adjustment of the company's structure and transformation and upgrading, and the pace of research and development of new energy and intelligent products and the layout of new format markets are accelerated. The focus will be on new breakthroughs in innovation and R&D of new energy transmission devices, as well as information and intelligent construction. All aspects of management levels, skill levels, work efficiency, and business performance will be comprehensively enhanced. This will inject new vitality into the sustainable development of the company's science.

What does the "5221" strategic goal depend on?

Leaders to force, employees cohesion, all the staff together, work together. With the theme of solid foundation, innovative thinking, focusing on reform, transformation and upgrading, we will seize opportunities, immerse ourselves in R&D, open up markets, operate steadily, and through effective reforms, accelerate technological upgrading and upgrades of enterprises, inspiring the dynamics of the company's need for independent upgrades. It will enable enterprises to strengthen their muscles, improve quality and increase efficiency, and create new competitive advantages.

The significance of implementing the "5221" strategic goal

Through scientific and technological innovation, product innovation, management innovation, and benchmarking international methods, we have established four major product platforms: “Intelligent, New Energy, Perfect, and Diversified”; accelerating the realization of enterprises from “technical transformation to research and development, manufacturing "Four transformations from type sales service type, single traditional type to system integration type, and regional type to international type"; and through four transformations, Fast has become a company with "strong technology research and development, strong equipment manufacturing, strong sales service, and basic The five major advantages of professional management, internationalization, and high-end automotive transmission system suppliers with strong management and financial financial strength.

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