Core Insights - The chairman of Yida Group, Yang Mind, shared insights on how traditional industries can transform and achieve sustainable growth, focusing on talent, technology, and platforms [1][3][4]. Group 1: Company Overview - Yida Group is a comprehensive cotton textile and apparel enterprise with a full industry chain from cotton planting to garment manufacturing, and it is one of the largest clothing manufacturers globally [4]. - In 2019, Yida Group's revenue reached $1 billion, but the company faced challenges post-2019, prompting a transformation [4]. Group 2: Talent Development - The company emphasizes the importance of hiring talented engineers and has recruited many graduates from prestigious universities, believing that investing in talent brings significant benefits [4]. - Yang Mind highlighted the need for educated young engineers to gain hands-on experience, stating that they should not only be operators but also problem solvers [4][5]. Group 3: Technological Innovation - Yida Group has developed an AI visual inspection system to replace manual inspections, reducing labor intensity and improving efficiency [4]. - The company advocates for the use of automation and intelligent manufacturing to assist workers rather than replace them, aiming for enhanced productivity [4]. Group 4: Platform for Innovation - Yang Mind discussed the establishment of the company's own incubation park and collaborations with startups and top universities to foster innovation [5]. - The key challenge is not the educational background of employees but their ability to collaborate and trust the platform provided by the company for innovation [5].