Venture(US:VEMLY) Zhong Guo Jin Rong Xin Xi Wang·2025-07-15 12:59Core Viewpoint - Shandong Weiqiao Group is committed to strengthening traditional manufacturing and contributing to China's economic development, focusing on high-quality growth in the future [1]. Group 1: Company Overview - Weiqiao Group originated from a small oil cotton processing factory in Shandong and has grown into a multinational enterprise with 100,000 employees [3]. - The company primarily focuses on two traditional manufacturing sectors: textiles and aluminum, while also expanding into emerging fields such as new energy, new materials, and automotive lightweighting [3]. Group 2: Strategies for High-Quality Development - The company is exploring three main paths for transforming traditional manufacturing into high-quality development: 1. Green Low-Carbon Development: The aluminum industry faces significant challenges in achieving green low-carbon transformation. The company is relocating some production capacity to Yunnan, utilizing hydropower, and deploying solar energy in Shandong to increase the share of green electricity [4]. 2. Digital Transformation: The rapid iteration of AI technology presents opportunities for traditional manufacturing. The company is leveraging AI to enhance operational efficiency and reduce energy consumption [4]. 3. Innovation-Driven Growth: Beyond product and process innovation, the company emphasizes the importance of internal motivation for innovation, utilizing AI and big data to innovate business and management models [5]. Group 3: Achievements and Future Outlook - In the textile sector, the company has built several green intelligent factories, achieving a 40% reduction in energy consumption compared to traditional production methods [4]. - The introduction of AI in the aluminum production process has significantly improved production efficiency and equipment utilization while reducing energy consumption [4]. - The company believes that with the support of the government and a commitment to innovation, private enterprises can achieve high-quality development despite challenges [5].