The 21St Potential Tapping Month Activity Of Red Bean Group Has Achieved Remarkable Results

Actual measures to reduce expenditure in this section, tap potential and expand sources to increase effectiveness. Since the launch of the potential tapping month activity at the beginning of March this year, Red Bean Group has anchored the overall goal of "2025 cost reduction and efficiency increase year", and has made remarkable achievements in the work deployment of "sales maximization and cost minimization". All companies pay close attention to target assessment, and the investment cost, supply cost, production cost, quality cost, management cost and circulation cost have all dropped significantly, bringing considerable direct economic benefits.

On March 28, Red Bean (600400. SH) held the "2025 Comfortable Red Bean Development Conference", jointly with Mr. Ji Guowu, an international shirt master, to launch the new "Zero Sense Comfortable Shirt 3.0". On the basis of the accumulated advantage of 2 million popular shirts, the third-generation Zero Sense shirt has made breakthrough innovations in shape design, fabric technology, and functional experience, taking into account the comfort and practicality of clothing in business, leisure, outdoor and other multi-dimensional scenes, and winning the high recognition of consumers and industry insiders.

At this conference, Red Bean also jointly launched the project of "AI+(robot) clothing new retail experience center" with seven innovative enterprises, to build a full link closed-loop of "intelligent service - data driven - flexible production" with cutting-edge technologies such as AI shopping robot, AR virtual fitting, 3D intelligent body, and lead the digital and intelligent transformation of the clothing industry. At the event site, Red Bean actively took advantage of the market to promote and implement the strategy of "Comfortable Red Bean", boost channel popularity and expand franchise cooperation. As of March 29, 30 cooperation intentions had been signed; Promote the agile supply chain, and get positive response from suppliers in category specific, agile replenishment, flexible supply, etc. The procurement cost is expected to reduce by 7% - 10%.

General Motors (601500. SH), centering on the goal of "adhering to one orientation, introducing three kinds of thinking, and solving five major pain points", took an active part in cost reduction and efficiency increase, lean management, and safety production. The sales completion rate in the first quarter was 108.4%, with a year-on-year growth of 29.5%; The output completion rate was 107%, up 56.4% year on year. All steel domestic sales company successfully held 14 "extraordinary Cross novelty process The opening meeting with the theme of "Looking to the future", the sales volume of a single meeting repeatedly broke the ten million yuan mark; The domestic semi steel team strengthened the urban partner project and achieved 279000 sales; GE Overseas actively promoted the construction of nine overseas offices and branches, deeply tapped the potential of factories in Thailand and Cambodia to reach production capacity and increase efficiency, successfully developed two American direct customers of Thailand All Steel, continued to expand market share, and laid a solid foundation to ensure high-quality completion of the 2025 business objectives.

Since the launch of the second phase of lean production project on February 12, General Motors has focused on implementing the requirements of "cost minimization" one by one, taking end-to-end cost reduction as the engine, and constantly improving the level of lean management. Recently, GM has carried out strategic cooperation with the industry's leading suppliers Bekaert of Belgium and Black Cat Carbon Black of China to promote cost reduction of various purchases through joint development, volume for price and other ways. In addition, GE also actively explores the path of deep integration of AI technology and production business: strengthen the practical application of AI tools, and open up the information link of the whole process of customer orders; Accelerate the development and landing of AI intelligent detection equipment, promote the automatic detection of the first tire and the automatic detection and grading of tire appearance, and achieve flexibility and efficiency.

Focusing on the goal of "double increase", Taxus Pharmaceutical strengthens lean production, meets incremental demand and further improves market share by optimizing processes and production processes, focusing on energy consumption and material management, and activating idle assets. The company strictly follows the principle of "bidding should be done as soon as possible", according to the price negotiation mechanism of three person group, inquiry, price comparison and price negotiation are carried out throughout every purchase and every project; Establish the AB dual supplier mechanism, negotiate with suppliers on the prices of main materials, and adopt the ladder price to reduce the cost. By the middle of March, the cumulative purchase cost has been reduced by 2.2679 million yuan. In terms of reducing management costs, Yew Pharmaceutical Company promoted expense budget management and strictly controlled the ratio of expenses to sales; In terms of the construction of the evaluation system, we should clarify the responsibilities and objectives of personnel at all levels, adhere to the principle of "strict assessment and hard implementation" and "focusing on the two ends and leading the middle", stimulate the endogenous motivation of the team, stimulate the market volume, and provide a strong talent guarantee for "sales maximization".

The picture shows the award and commendation group photo of "Advanced Individual in Tapping Potential" of Red Bean Group in 2024

In the 21 years since the launch of the potential tapping month activity, Red Bean Group has actively practiced the people centered development idea, respected the initiative spirit of the masses, gave full play to the wisdom and strength advantages of the group, implemented the concept of "win-win in all directions", enabled employees to participate in the operation and management of the enterprise, and built a new model of harmonious labor relations in the new era. For rationalization proposals and mass innovation activities, the Party Committee of Red Bean Group attaches great importance to them, and each opinion will be quickly implemented to the responsible department, making specific rectification, tracking and inspecting its implementation process, and awarding and commending advanced individuals who tap potential and propose excellent rationalization proposals. So far, 9534 rationalization proposals have been received, including 3247 adopted and 1950 implemented.

The measures are pragmatic and forceful, and the goals are inspiring. In his concluding speech, Zhou Haijiang, Chairman of the Board of Directors of Red Bean Group, stressed that in the face of the complicated and severe situation of extreme pressure from abroad and extreme introversion in China, Red Bean people should pay close attention to the implementation of "two spans, two innovations and two increases" in the spatial dimension, "two spans" means to accelerate cross-border factory establishment and cross-border e-commerce, "two innovations" means to innovate new products and mechanisms, and "two increases" means to increase cash flow Market capitalization; Actively embrace the AI wave in the time dimension, empower the existing main business with new technology, deeply explore the second growth curve, overcome difficulties and forge ahead with the spirit of love for competition and win, pragmatic innovation, and constantly create new achievements on the road of high-quality development.