As we celebrate the Lantern Festival, we embark on a new journey. On February 12, the Fudar Alloy 2024 Annual Summary & Commendation, 2025 Work Mobilization, and Innovation Acceleration Conference was grandly held. This event reflected on past efforts and achievements while setting the course for a new era of innovation.
Chairman and President Wang Dawu, senior management, and over 1,400 employees attended the conference, along with independent directors and distinguished guests. The event was hosted by Board Secretary and Vice President Meng Shan and was conducted in a hybrid format, combining a main venue with live-streamed sessions for remote participants.
Honoring Excellence | Commendation of Outstanding Employees
The conference began with Vice President Huang Qingzhong announcing the annual commendation decisions, recognizing loyal employees, outstanding individuals, exceptional teams, and top project groups.
Loyal Employees
Outstanding Individuals、Exceptional Teams
Top Project Groups
Special awards included:
- Innovation & Cost Reduction Award – honoring individuals who contributed significantly to cost-saving and efficiency improvements.
- Most Promising Graduate Award (Class of 2024) – recognizing top-performing new hires.
In 2024, Fudar continued implementing its "334 Talent Strategy”, recruiting nearly 100 talents from over 30 universities, further strengthening its workforce.
Strategic Blueprint | Fudar Alloy’s 2030 Strategy Released
On behalf of the Board of Directors, Meng Shan presented a comprehensive overview of Fudar Alloy’s 2030 Strategic Plan.
This plan is built around three key pillars: Group Development, Digital Intelligence, and Globalization. The "3+3+3+N" strategic layout was unveiled, outlining a roadmap for organizational synergy and governance enhancement, setting a clear direction for Fudar’s future growth.
The launch of the 2030 Strategic Plan signifies Fudar’s second wave of innovation and entrepreneurship, driven by the ambition of "A Century of Fudar”. The company aims to consolidate its strength through group expansion, push technological boundaries through digital intelligence, and expand its global footprint.
To support this vision, 14 strategic leadership teams have been established for key initiatives such as talent development and corporate culture enhancement. Leaders will adopt innovative thinking, system-based resource coordination, and a results-driven approach to accelerate the plan’s execution.
Vice President Song Linyun and Digitalization Director Wang Fei delivered speeches on management innovation and digital transformation to support the strategy.
Subsidiaries & Research Institute Annual Reports
Wei Qinghong, Vice President and General Manager of Zhejiang Fudar, Lin Wanhuan, Assistant to the Chairman and Chairman of Zhejiang Weida, Chen Lile, Assistant to the President and General Manager of Zhejiang Haoda, and Bai Xiaoping, Vice President and Acting Director of the New Materials Research Institute presented their 2024 business reports and 2025 plans:
01 Zhejiang Fudar
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Achieved a major milestone with over RMB 3.5 billion in revenue, securing a top position in the global electrical contact materials industry.
- Technological breakthroughs included mass production of low-silver materials and the launch of new product categories.
- Expanded global footprint with the Shanghai subsidiary launch and Southeast Asia manufacturing base in progress.
2025 Goals: Strengthen R&D, sales, quality, customer acquisition, international expansion, and digital intelligence while adhering to compliance and corporate integrity.
02 Zhejiang Weida
-Focused on market expansion, talent recruitment, R&D, quality enhancement, and risk management.
-Plans for 2025 include market penetration, team building, technology innovation, and digital transformation while
enhancing circular resource utilization and sustainable development.
03 Zhejiang Haoda
- Entered the new energy vehicle and energy storage sectors, heavily investing in fixed assets, core talent, key clients, and new products.
- In 2025, Haoda will focus on team building, market expansion, process optimization, and factory relocation, upholding its values of
innovation, pragmatism, cooperation, and win-win growth.
04 New Materials Research Institute
- Formulated a long-term development roadmap and initiated pilot projects.
- In 2025, the institute will focus on cutting-edge material research, leveraging
core technological advancements, talent development, disruptive innovation, and academia-industry collaboration to drive Fudar’s innovation agenda.
The best newcomer Weng Linyong, excellent employee Chen Gushu, marketing elite Zheng Yono, and nnovation and cost reduction award representative He Zhangcheng shared their insights and experiences.
Sailing Forward | Chairman’s Keynote Speech
Chairman Wang Dawu delivered an inspiring speech, extending New Year greetings and congratulating award recipients. He expressed deep appreciation for every employee, partner, and contributor to Fudar’s growth.
He highlighted 2024 as the conclusion of Fudar’s first thirty-year milestone, successfully overcoming a challenging market environment by focusing on ten strategic priorities, achieving remarkable results, and reinforcing confidence in the "
Century of Fudar” vision.
This Confidence Stems From:
- Customer-Centric Growth: Despite industry downturns, double-digit revenue growth outpaced competitors. Fudar strengthened customer relationships and won multiple supplier excellence awards from Schneider, CHINT, ABB, Siemens, and Hongfa.
- Innovation-Driven Development: Major technological breakthroughs reinforced product competitiveness. Recognized as a Single Champion Enterprise by the Ministry of Industry and Information Technology, Fudar is transitioning from marketing-driven to R&D-driven growth.
- Talent Empowerment: The workforce structure significantly improved, with new high-level engineers and a thriving campus recruitment program attracting top graduates from over 30 universities.
Looking Ahead to 2030:
Fudar will focus on Group Development, Digital Intelligence, and Globalization, aiming to become
the global leader in precious metals solutions across R&D, production, recycling, and trade.
He emphasized that 2025 is the first year of the 2030 strategy, marking a pivotal year for innovation acceleration. Key initiatives include technology R&D, market expansion, talent cultivation, and business model innovation.
To achieve the 2030 vision, Fudar employees must:
- Execute with determination, making implementation a core work ethic.
- Uphold integrity, ensuring strict compliance and safeguarding business secrets.
Celebrating Success | Lantern Festival Banquet & Entertainment
The evening concluded with a Lantern Festival banquet, featuring a poetry recital by company leaders and employees titled "Marching Forward with Innovation & Excellence”, reaffirming Fudar’s dedication to innovation and quality.
Dynamic musical and dance performances energized the atmosphere, while an exciting lucky draw using creative seed-shaped invitation tickets symbolized hope and prosperity, leaving everyone with cherished memories and renewed enthusiasm for the journey ahead.
With the sails of "A Century of Fudar” now raised high, the company is set to embark on an ambitious voyage towards global excellence!
