Stock Code: 300394
Subsidiaries
As we bid farewell to the old year and welcome the new one, it coincides with the 10th anniversary of the establishment of the Jiangxi subsidiary of TFC COMMUNICATION Co., Ltd. in Gaonan. In order to showcase the company's rapidly changing and vigorously developing good appearance, enhance friendship, strengthen cohesion, and express gratitude for the hard work and silent dedication of employees throughout the year, on the evenings of January 26th and 27th, Gaonan TFC Optoelectronic Technology Co., Ltd./Jiangxi TFC Technology Co., Ltd., the subsidiaries of TFC COMMUNICATION Co., Ltd., held the 2019 Spring Festival Annual Meeting with the theme of "213010, Winning through Execution" in Gaonan. More than a thousand people participated, gathering together to attend an extraordinary annual meeting feast.
In addition to all the employees of the Jiangxi subsidiary, the participants of the evening party also included leaders at all levels of Gaonan City. At the same time, Mr. Zou Zhinong, the company's chairman, Ms. Ou Yang, the general manager, the deputy general managers in charge of various departments of the Suzhou headquarters, and the leaders of each department of the Jiangxi subsidiary were also invited. This was also the first large-scale annual meeting celebration activity held by the Jiangxi subsidiary.
The Most Stunning Appearance
The colorful lights shone brightly, and we are all the most beautiful employees of TFC on the stage!
In 2018, it was an exciting year. With lofty aspirations, we carried out a global layout and established subsidiaries in the United States and Hong Kong.
In 2018, it was a year of down-to-earth efforts. We forged ahead and spent ten years in Gaonan.
In 2018, it was a year of continuous improvement and progress. We adhered to the enterprise spirit of TFC employees.
In 2018, it was a year that warmed people's hearts. We warmed the hearts of TFC employees with love and won the recognition of customers with integrity.
The TFC employees participating in the performance came from different product lines, different positions, and different types of work. Because of the annual meeting, we prepared carefully, dressed up beautifully, and made a stunning appearance! We are all proud to be employees of TFC! We will always remember this moment!
The Most Inspiring Gratitude and Speech
Mr. Zou Zhinong, the chairman of TFC COMMUNICATION Co., Ltd., delivered a New Year's speech for 2019, expressing gratitude for the hard work and efforts of the front-line employees, and made a summary and outlook report titled "Forging Ahead with Determination, Reaping the Fruits of Labor".
Chairman Zou's speech was rich and comprehensive, enabling everyone to have a deeper understanding of TFC's present and future, and everyone was greatly inspired. In 2019, we will work even harder, and TFC's future will be even brighter. The main points are excerpted as follows:
Review of 2018
Market Performance: The company carried out a global layout and established subsidiaries in Hong Kong and the United States, further strengthening in-depth cooperation with world-class customers. The overseas sales revenue has continued to grow for three consecutive years. By actively participating in industry exhibitions, the company's external image has been greatly enhanced, fully affirmed by customers, and the operating income and net profit have maintained growth.
R&D and Production: The R&D investment has steadily increased for three consecutive years, promoting the upgrading of core capabilities. Eight major technology platforms and seven major solutions have helped the company transform and upgrade, providing complete passive device solutions for customers (especially optical modules). Various new projects (BOX packaging project, AWG project, polarization-maintaining project) have gradually entered the small-batch production stage, bringing hope. The civil engineering project of the Jiangxi TFC Technology Park (with a construction area of 300,000 square meters) was launched, laying the foundation for large-scale production.
Company Honors: Awarded the title of "Hidden Champion in Jiangsu Province", Chairman Zou Zhinong was named a Jiangsu Provincial Science and Technology Entrepreneur, awarded as one of the "Top 50 Most Valuable Listed Companies on China's Growth Enterprise Market" for two consecutive years, the TFC brand precision optical network connection components were awarded as "Famous Brand Products in Jiangsu Province", and ranked among the "Top 10 Most Competitive Enterprises in China's Optical Devices, Auxiliary Equipment and Raw Materials in 2018", etc.
Corporate Governance and Internal Improvement: Starting the journey of lean management, continuous CI improvement has reduced costs and increased efficiency with remarkable results. The process of informatization and automation has been accelerated internally. Continuously promoting the management and optimization of the supply chain, improving the inventory turnover rate, and shortening the delivery cycle. The three meetings operate in a standardized manner, and the company has obtained an A-level rating for information disclosure from the Shenzhen Stock Exchange.
Team Building and Talent Incentives: The construction of the system and corporate culture has been steadily promoted, achieving good results. Valuing talents, implementing an equity incentive plan, and 142 core backbones of the company have benefited from it.
Looking Ahead to 2019
213010, Winning through Execution
Operation Indicators: Achieve operation indicators from the dimensions of inventory turnover rate, asset turnover rate, and cash flow.
Quality Objectives: Achieve quality objectives from the dimensions of customer satisfaction, improving the delivery time achievement rate, and product yield rate.
Reaffirmed the company's vision goal: Maintain an operating income growth of more than 30% in the next three years, achieve the goals set by the equity incentive plan: Strive to reach an operating income of 1 billion yuan in 2021, and work together to achieve 213010!
The Most Sincere Incentives
Ten years of sharpening a sword. In TFC COMMUNICATION Co., Ltd., there is such a group of people who have always accompanied the company, unswervingly for ten years, walking hand in hand with TFC. The awards and commendations throughout the annual meeting became the highlight. First of all, the winners of the Honorary Award for Ten Years of Service were commended.
In addition to presenting trophies, the company leaders also presented prizes to them. The prizes were diverse, including mobile phones, tablets, washing machines, etc., and all were freely chosen by the award-winning employees, fully reflecting TFC's excellent corporate culture and humanized care.
After that, the company leaders also presented trophies and medals to the Person of the Year of TFC COMMUNICATION Co., Ltd. in 2018, and also presented "heavyweight" prizes, such as Hisense 50-inch TVs, air purifiers, Huawei smartwatches, etc., which were also freely chosen by the winners. For each Person of the Year, there was an award-winning speech personally written by General Manager Ou Yang displayed on the large screen. Every word was sonorous and powerful, practical, showing great attention and effort.
The Most Powerful Honorary Commendations
Behind the achievements that TFC COMMUNICATION Co., Ltd. has achieved today are countless figures who are silently busy and on the go. They stick to their positions and go all out for every step forward of TFC. They are the lovely family members of TFC, and the precious wealth and source of strength of TFC. In order to thank the employees of TFC for their hard work throughout the year, excellent product lines and outstanding individuals were awarded and commended at the annual meeting. The awards set included Excellent Job Elite Award, Diligent Model Award, Strongest and Most Beautiful Award, Production Expert Award, etc., reaching almost every grassroots position.
The Most Dazzling Performances
Celebrating the grand occasion with dynamic songs and dances. Employees from various departments of TFC brought performances of various forms, making people overwhelmed. Programs such as singing, dancing, poetry recitation, and skits were wonderful. Let's follow the editor to feel the passionate and talented feelings of the employees of TFC!
At the annual meeting, colleagues from various departments showed their best skills, and various programs were overwhelming with one climax after another. The medley of songs brought by the isolator and component product line was really "a bit sweet". The female voices were clear and sweet, and the male voices were deep and affectionate. Their wonderful singing brought everyone into a beautiful "first love era" and won thunderous applause, deservedly being the "Good Voice of TFC"!
After that, the creative program "Puppet Dance" brought by the component product line, with its humorous and wonderful performance, immediately set the whole venue on fire and won unanimous applause.
The poetry recitation with music "The Chinese Dream · The Feelings of TFC" brought by the component product line and the management department, due to its highly infectious original lyrics and the affectionate interpretation of the reciters, combined the Chinese Dream and the TFC Dream well. It told the story of TFC's development in detail. The entrepreneurship was arduous, but the employees of TFC have never given up, expressing the persistent pursuit of the dream by the employees of TFC!
The Most Generous Lucky Draw
Employees from various departments showed their talents, bringing a wonderful audio-visual feast for everyone. An exciting lucky draw session was interspersed among them. The third prizes (160 winners), second prizes (12 winners), first prizes (3 winners), and special prize (1 winner) were announced one after another, bringing the atmosphere of the evening party to a boiling point. The prizes were also quite rich, including lucky gift packages, Supor rice cookers, Midea front-loading washing machines, Hisense 65-inch ultra-high-definition OLED TVs. While giving out the big prizes, it also brought good luck and blessings for everyone in the New Year.
Before the special prize draw, Chairman Zou of the company sent red envelopes in the WeChat group. Everyone rushed to grab the red envelopes, pushing the whole evening party to the highest climax. Cheers and applause were heard continuously, and the stage and the audience area merged into a sea of joy!
The Most Lively Dinner
The annual meeting not only brought laughter and joy to everyone but also made the hearts of colleagues closer to each other. The cordial interaction between the company leaders and employees and the dedicated performances of the employees made the singing, applause, and cheers keep rippling in the venue. The whole evening party was full of climaxes, presenting the joy and harmony of the big family of TFC.
After the online evening party ended, the enthusiasm of the offline annual meeting interaction group continued. Everyone successively forwarded their blessings to the company in the group one by one. "I am grateful to the company for holding such a great event. After the annual meeting, the cohesion of employees and their centripetal force towards the enterprise have become greater. Looking at the full blessings from employees in the group." The person in charge of the isolator production line sighed with emotion.
The unprecedentedly large-scale and grand 2019 Spring Festival Annual Meeting of TFC COMMUNICATION Co., Ltd. ended splendidly!
Looking Ahead to the New Year:
In 2019, we aim at the goal, win through execution, and seize the commanding heights of the industry with professionalism and efficiency.
The new year breeds new hopes; the new year opens a new chapter.
21 30 10, let's win through execution.
21 30 10, let's create new achievements.
Here, we wish the company to thrive and reach new heights in the new year!
Warmly congratulate the successful holding of the 2019 Spring Festival Annual Meeting of the Jiangxi subsidiary of TFC COMMUNICATION Co., Ltd.
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