From July 15 to 16, Far East Horizon 2021 mid-year key positions' conference was held in Shanghai, the company leaders, financial and industrial line managers, a total of 360 people attended the meeting, summarize the operation and management work in the first half year, and jointly look forward to the second half of the year and future development.

 

 

In the first half of the year: 

The business performance is excellent, the overall development is in line with expectations. 

 

2021 is the 30th anniversary of the establishment of Far East Horizon, the 20th anniversary of its relocation to Shanghai and the 10th anniversary of the listing on Hong Kong Exchanges. In the first half of the year, with the hard work of the whole company, the operating performance kept growing, the overall development was in line with expectations, and the proportion of non-traditional business contribution increased significantly compared with the same period. The company has been ranked among the top 2000 listed companies worldwide on Forbes for five consecutive years, with a sharp increase of 117 spots in the ranking compared with last year.

 

△Wang Mingzhe, executive Director and Chief Financial Officer of the company, delivered the Budget and Performance Analysis Report of the first half of the year.

 

The report of the conference pointed out that the traditional business operation has good potential, the business scale is growing safely, and the innovation iteration is deepening day by day, which can be called the "ballast stone" of stability. Each platform of the new business operates professionally and independently, the business profit contribution increases year by year, and the effect of "going out of leasing" gradually shows. The industrial operation has entered the capital maturity period, and the company's financial structure has been comprehensively improved: Horizon Construction Development's independent spin off and capitalization process has been smoothly promoted, and top investors have been competing for making strategic capital injection for it; Far East Horizon Healthcare Industry Development's operation has been steadily improved, its profits have been greatly improved, and it is making every effort to move towards a new stage. Strategic operation is improving, and continuous exploration of new opportunities, new models and new ideas is carried out.

 

The efficient achievement of performance is inseparable from the continuous evolution of operation guarantee. Overall, in the first half of the year, the company's organizational adjustment was effective, special management was strengthened, resources continued to break through, and the safety system was sound. It is worth mentioning that the highlights of financing guarantee are prominent. As a company with the mission of "Integratung Global resources, Promoting China's Industries", relying on the unique resource raising ability of the Far East Horizon, the company's total financing, direct financing ratio and innovation scale have achieved historical transcendence.

 

Strategic review: 

Self-iterating, through a 20-year cycle. 

 

Standing at the historical point of the development of the company, the theme of this conference is "Self-iteration, resonance with the environment". By reviewing the struggle of the Far East Horizon, it is clarified the reason why the company can continue to develop and grow is mainly attributed to three points -- adhering to the essence, internal driving force and innovative practice. First of all, Far East Horizon always adheres to the essence of the enterprise and insists on creating value for shareholders, employees, partners, creditors and the government. Secondly, it creates the "three-drive" theory and chooses the model-driven road, providing the fundamental driving force for development by constantly evolving and upgrading the business model. Then, under the blueprint of model-driven theory, innovative practice, iterative evolution in operation and management, expand advantages and lead the industry.

 

△Xu Huibin, general manager of the company's strategic center, made the Environmental and Strategic Review Report.

 

The history of entrepreneurship in the Far Eastern Horizon Limited is an evolutionary history that grows with The Chinese economy, a history of self-iteration and practice that resonates with the environment. The "October 18 reform" officially launched on October 18, 2019 is the biggest reform since the company moved south, with flat organization, lightweight operation and market-oriented operation. The company's performance is now able to develop against the trend, which proves that the new round of iterative change has withstood the limit test of the external environment. The effectiveness of the operating system and management system has been verified, and Far Eastern Horizon Limited has once again achieved the same frequency resonance with the new environment. 

 

In the second half of the year: 

Develop operation and management at the same time.

 

Looking forward to the future, in the field of financial business, even if the domestic and international environment is complex and changeable, the nine national economy and people's livelihood industries served by Far East Horizon still have resilience and potential for development; In the field of industrial operation, in line with the needs of large infrastructure and health industries brought about by continuous urbanization and population aging, Horizon Construction Development and Horizon Healthcare Industry Development have huge development space in the future.

 

This year is the beginning of recovery after the epidemic. FEH will seize the rare opportunity to gain advantages. In the second half of the year, the company will focus on the improvement of operation quality and management quality. The business side breaks through the organizational boundary, integrates resources openly, strengthens the internal synergy system, forms a new strategic increment, and turns the "steel wire" into a "steel wire rope". The management side keeps iterating, make up for the shortcomings of business management, system construction and information technology, and strive to achieve high-quality development.

 

Far East Horizon will adhere to the long-term values. It will ensure that the operation is in line with the direction, the means are in line with the policies, the state is in line with the times and the objectives are in line with the essence, and effectively achieve the annual budget targets of consolidating the formation, comprehensive services, capital upgrading and profit growth.
 

President Kong Fanxing:

Inherit the treasures of Far East Horizon, realize the iteration and upgrading of the financial industry.

 

At the end of the conference, Kong Fanxing, vice chairman of the board of directors, executive director and chief executive officer of Far East Horizon, delivered an important speech. In the face of the successful business performance in the first half of this year, Mr. Kong first expressed his heartfelt thanks to people of FEH who are fighting in all fronts and regions.

 

△Kong Fanxing, vice chairman of the board of directors, executive director and chief executive officer of the company, delivered a speech.

 

On the occasion of the centenary of the founding of the Communist Party of China and the 20th anniversary of the southward movement of the Far East Horizon, President Kong stated that in 2001, China joined the WTO and integrated into the world, which was the key first year of the environmental iteration after the reform and opening up. In the same year, the FEH moved south to Shanghai to participate the rapid economic development. In the past 20 years, it is the leading of the right strategy, the flexibility of the system, the strong fighting capacity and execution of the Far East people that qualified the company to face the competition and challenge every time.

 

The time-tested guiding ideas are a treasure worth inheriting from generation to generation in the Far East Horizon.

 

"An excellent enterprise is not only about operating profit, industry status, total assets, number of employees or business layout, but also about becoming an economic organization which can sustainably, effectively and continuously create and add value to all parties." President Kong pointed out that the vision "Build an excellent enterprise with all your strength" put forward in the early years, is still the core judgment standard to lead the company forward, the guiding ideology to check all kinds of work, and even can be used as a potential measure to evaluate customers. It is also the fundamental reason why the company can survive today and avoid taking detour.

 

The clearer you know and understand, the more solid your action and practice will be. The people of the Far East have made a profound analysis of the development of enterprises, put forward the "three-drive" theory, find the development orientation of model-driven development; Establish the enterprise operation model of "three levels and two categories"; Put forward the concept of "two whatever"; Clear the "four principles of management"; It advocates the talent concept of "four regardless" regardless of age, length of service, seniority and educational background; Condensed the soul characteristic "Far East spirit". President Kong stressed that these basic ideas are treasures worth inheriting from generation to generation in Far East Horizon, and the development of all work over the years is an in-depth practice of them.

 

Far East Horizon resonates well with the environment, and the four business formations confirm the correctness of the guiding ideology.

 

President Kong pointed out that the current company's business is divided into four formations, which confirms the above ideological principles. Traditional financial business is a connecting point for companies to directly participate in the operation of the real economy, and it is also a link between the Far East system and the resource introduction economy. The new financial business officially was officially unveiled after the "October 18 reform", and it invested in construction gradually, which will become an important strategic business for the future development of the company. With the development of inclusive finance in just two years, the business flow has been considerable. The asset business structure has been reshaped and has a new start; Overseas business has accumulated a lot and gradually show the future growth potential; Equity investment has developed steadily, Grand Flight phase II fund is being expanded.

 

In terms of industrial operation business, Horizon Construction Development's strength has been recognized by leading enterprises in the industry, and the Hong Kong Stock Exchange has officially accepted its listing application; Horizon Healthcare is an industry with outstanding prospects in China, and it will continue to develop in the future. The strategic operation business has also made great achievements in all directions, which is gratifying.

 

President Kong said that after more than a year's efforts, especially the concentrated display of achievements in the past six months, the Far East Horizon esonates well with the environment, has not been abandoned by the environment, and has not embarked on the wrong path either. 

 

Managers need to get rid of inertia, and managers should neither get complacent nor give up.

 

"We are glad to be alive, but we hope that all the managers here will remain highly rational." President Kong pointed out that managers must get rid of behavioral inertia and thinking inertia, to actively think about how to adapt to the environment and innovate boldly. Don't be complacent because of temporary achievements, and don't lose heart because of a little resistance. We should stick to the character that people in the FEH have always advocated -- peace and persistence, modesty and fearless. 

 

"Reinforce the management" is an important work in the second half of the year

 

Management is a matter of life and death for Far East Horizon, and there must be no negligence. President Kong emphasized that operation and management should be promoted simultaneously, and there should be no situation that operation is faster than management. The construction of management system and the upgrade of management methods should be carried out simultaneously. As a model-driven enterprise, we always need to organize and adjust resources dynamically. Every man is responsible for the rise and fall of the company. In the future, we should firmly implement the "four principles of management" and establish a solid system to protect both the interests of the company and more employees.

 

Focus on industrial customers and realize the iterative upgrading of FEH financial business format

 

President Kong pointed out that in the scope of future vision, there won't be a major adjustment of the company's current strategic logic and formation, and the key point is to focus on realizing the iteration and upgrading of the entire financial business format. This kind of upgrading should be closely around the industry and the customers we serve, through the organization of all internal and external resources of the Far Eastern Horizon Limited, with finance as the main means to carry out comprehensive services.

 

 

The good news is that as the regulatory ecosystem changes, the operating environment is purer and the competitive market is relatively peace. Today's Far East Horizon has 20 years of accumulation, more than 300 billion yuan of assets, tens of thousands of enterprise customers, national coverage and comprehensive system capabilities, with many rare characteristics and advantages.

 

To upgrade the financial business around serving customers requires Far East Horizon to understand finance, industry, policy and law, and take a pioneering road that has not been taken by predecessors. This is a difficult challenge but a thrilling process to prove our ability.  How to create a new service enterprise model under China's economic transformation and iteration cycle is not only the creation itself, but also the core of model innovation.

 

 

There is no end of iteration. Far East Horizon will adhere to the right strategic direction, deeply cultivate the industry, continue to evolve, promote the upgrading and leap of business model at a higher stage, and write a new chapter for the glory of the next decade.