Yongding: Fenji Overseas Market Tree International Brand

For a long time, the overseas market has been an important direction for enterprises to grasp the period of international and domestic double-cycle strategic opportunities, expand the territory of business cooperation, and achieve high-quality development, especially under the influence of China's "Belt and Road Initiative" initiative, enterprises take the initiative to "go out" and expand foreign cooperation, which not only brings improvements to local infrastructure, production and life, and employment conditions, but also creates good economic benefits for enterprises.

Recently, the Nepal Electric Power Authority (NEA)Samundratar project undertaken by Jiangsu Yongding Taifu Engineering Co., Ltd. (Yongding Taifu), a subsidiary of Jiangsu Etern Co., Ltd. (Yongding), has successfully delivered power, which means that Yongding's overseas project has once again achieved significant results and created favorable conditions for the two sides to carry out further cooperation.

In fact, overseas projects are another pillar industry of Yongding in addition to communication technology, superconductivity and automobiles. For more than ten years, Yongding has adhered to branding, high-end, and international development, focused on overseas engineering construction, grasped overseas project opportunities, and carried out in-depth layout in terms of management platform, team capabilities, and business level, so that Yongding's overseas engineering industry scale Continue to expand, and overseas market performance continues to grow.

In recent years, as my country's economy has maintained a high level of development, and the intensity of participating in and influencing international market competition has continued to strengthen, overseas markets have gradually become an important growth pole for Chinese enterprises to dig gold. Since the establishment of "Jiangsu Yongding Taifu Engineering Co., Ltd." in 2008, Yongding has officially entered the overseas engineering industry and deepened its layout, thus opening the door to overseas markets and gradually gathering overseas competitive advantages.

On the one hand, Yongding pays attention to "career-oriented" team management, strengthens the training of technical backbones, and builds "elite soldiers and strong generals". At present, the teams in charge of overseas projects generally have the advantages of rich implementation experience, excellent ideological quality and solid ability, and have been fully recognized by project owners, shareholders, team employees, local governments and other aspects. In order to maintain the collective sense of honor and live up to expectations, the team members firmly adhere to the business original intention of "being specialized, refined and strong", adhere to the common growth and progress with the company for a long time, and ensure the smooth development of overseas engineering projects with high standards and high quality.

On the other hand, a team that can fight and has experienced many battles cannot do without the support of platform operation. With more than 40 years of lasting management ability, Yongding has built a "full integration" cooperation system by building a 10 billion-scale platform and introducing a cooperation mechanism of team shareholding, which has greatly stimulated the subjective initiative and creativity of team members. The parties have formed a long-term basis of trust, fully authorized project implementation, and improved market response efficiency and competitiveness.

Under the role of platform operation, team management and other advantages, Yongding's overseas performance has continued to rise in recent years, with remarkable results, further accelerating the pace of Yongding's international brand.

Taking the Nepal project as an example, the company adopts the principle of "budget guidance and implementation, front-guided rear". The rear side organizes production and delivery according to the front-line requirements and makes every effort. The front and rear sides work together to strictly grasp the project quality and successfully deliver the project on time, with good quality and quantity.

The project team adhered to the schedule and quality requirements, held its position for a long time, steadily pushed forward the project, had the courage to overcome the new crown epidemic and other tests, and worked meticulously and diligently, finally making the project successfully put into operation and connected to the grid on June 24, 2021.

In addition to Nepal, Yongding has implemented projects in 12 countries along the Belt and Road, some of which have been successfully delivered. There are 42 general contracting projects with a contract value of nearly US $3 billion, climbing many performance peaks, such as successfully contracting and delivering the national "two excellent projects", China's first commercial buyer's credit project to Bangladesh (financing bank of China), Bangladesh's first 400KV UHV power transmission and transformation project, etc, through high-quality service and successful delivery of quality and quantity on time, it has been highly recognized by many owners in the host country.

Fenji set sail for a new chapter, ride the wind and waves to create performance! Looking forward to the 14th Five-Year Plan period, with the increasing demand for infrastructure construction in countries and regions along the "Belt and Road", overseas markets will further expand. Yongding is determined to recreate a "new Yongding" and will firmly grasp the overseas market opportunity period. Grasp overseas projects, carry out in-depth layout, strive for stability, do specialization, continue to promote industrial upgrading, and complete projects with quality and quantity, actively expand BOO(Building construction, Owning ownership, Operation operation) investment projects of power stations and power grids to obtain long-term stable income and cash flow, and inject strong impetus into promoting higher-level solid cooperation!