Chairman's New Year's message for 2025

The dawn of the new year has arrived as scheduled, shining on us as we embark on a new journey. We are about to welcome the year 2025, which is poised and full of hope. On the occasion of the New Year, on behalf of the company's party committee and the company, I would like to extend holiday greetings and sincere thanks to the employees who have worked hard for the development of Gaoyuan Company in the past year, the families who have provided full support behind it, and the friends from all walks of life who care, support, and help Gaoyuan Company develop!

2024 is a crucial year for achieving the goals and tasks of the company's 14th Five Year Plan. The complex and changing domestic and international situation, insufficient global economic growth momentum, weak oil and gas investment, and extremely fierce competition in the petroleum equipment industry have brought enormous difficulties and challenges to the company's production and operation. Under the correct leadership of the Party Committee and the Board of Directors, the company has unified its thinking and taken on responsibilities. Following the production and operation work ideas and goals set at the beginning of the year, it has expanded its market externally, strengthened its management internally, vigorously promoted technological innovation, optimized the quality of economic operation, stimulated the vitality of the employee team, and steadily improved its business work throughout the year, solidly promoting high-quality development.

This year, guided by market demand, our key projects such as new and efficient screw pumps, special vehicles, and new materials for surface treatment have progressed smoothly, promoting the optimization and upgrading of the company's product structure. This year, we have continued to strengthen fine management, reduce production and operating costs, and take internal management to the next level. This year, we have strengthened the construction of our sales team, and various sales networks at home and abroad have been advancing simultaneously, achieving new results in sales work. This year, we passed the national level evaluation of specialized, refined, unique, and new small giants, attaching importance to the construction of innovation platforms, standardization work, the promotion of scientific and technological projects, and the development of patent projects, resulting in new accumulation of scientific research achievements.

The bell of 2025 is about to ring, and a new journey is beckoning us. 2025 is the final year of implementing the company's "14th Five Year Plan". The company will enhance confidence, seize opportunities, closely monitor the market, face difficulties, and comprehensively improve the quality and efficiency of economic operation in accordance with the "14th Five Year Plan". In 2025, we must adhere to advanced technology in key areas and strive for competitiveness in the main products of oil extraction equipment; We must firmly grasp market opportunities, be guided by market demand, supported by technological innovation, focus on enhancing independent innovation capabilities, and accelerate the upgrading and replacement of oil extraction equipment products; We must base ourselves on the domestic market, look to the world, seize opportunities, resolutely "go global", vigorously explore international markets, and position ourselves as the "leader" in sales; Fully implement the low-cost strategy, continuously strengthen internal refined management, and seek benefits from management; Taking cadre management as the starting point and party mass culture work as the breakthrough point, we will consolidate team building and promote further improvement of economic operation quality.

Although the road is far, the journey is approaching; Although things are difficult, they must be done. The company has developed to today with higher development goals and higher requirements for every employee. In the face of a complex market environment, we must be prepared for danger in times of peace, constantly face the test of industry reshuffle, and always be prepared to fight tough battles. But no matter how the situation changes, our goal remains firm, firmly believing in the policies of the Party and the country, firmly believing in the strategic direction of the company, and firmly believing that the unity of all plateau people brings infinite strength. Let us fearlessly face difficulties, overcome obstacles, and strive for excellence, to achieve the grand goal of "innovation plateau, century plateau", and to unite and fight for the creation of a better future for the plateau company!