Core Insights - The company is focusing on "light asset operation" and maximizing the value of "sleeping assets" through the repair and reuse of old materials and equipment, which has led to significant cost savings [1][5][7] Group 1: Inventory Management - The company has initiated a "Five Clean-up" action to optimize inventory, which includes clearing material stock, overdue payments, idle equipment, and waste materials, resulting in the identification of over 1,200 idle items and a reduction in capital occupation by over 2 million yuan [3][5] - The management emphasizes that inventory should not be treated as a "safety box" but rather as a "cost burden" that needs to be activated [3] Group 2: Repair and Reuse - The cost of repairing old equipment is significantly lower than purchasing new items, with examples showing savings of 42 yuan per repaired anchor rod and 2.4 million yuan saved on a conveyor repair [5][7] - The company has established a management approach for repair and reuse, setting clear standards and accountability for repair tasks, which has led to the repair of 26 major pieces of equipment and over 1,300 small components in the third quarter [5][7] Group 3: Employee Engagement - The company encourages all employees to participate in cost reduction initiatives through activities that solicit suggestions for efficiency improvements, rewarding accepted ideas to foster innovation [7] - Employees are increasingly motivated to consider the repair and reuse of old materials rather than discarding them, reflecting a cultural shift towards cost-saving practices [5][7]