On December 31, 2020, when releasing the economic performance of Desay Group, Desay President Jiang Jie pointed out that, “Despite the immerse difficulties encountered in the year 2020, Desay Group is expected to achieve an annual sale volume of 30 billion yuan in 2020, a year-on-year increase of 8%, and Desay’s competitiveness is much improved.”
Desay’s large-scale investment projects yield good results.
Desay Group is the incubator for Huizhou’s industrial development and the very driving force behind Huizhou’s electronic industry. After more than 40 years’ development, Desay Group has become the only business entity with two A-share listed enterprises in Huizhou, with its sale volume exceeding 20 billion yuan in 2017.
When being exposed to the adverse factors caused by the Covid-19 epidemic, how would Desay adjust its development strategy? Mr. Jiang Jie pointed out that, “We remain steadfast in our development strategy and manage to establish development platforms.” Thanks to the firm support provided by CPC Huizhou Municipal Committee, Huizhou Municipal Government and Huizhou State-owned Assets Supervision and Administration Commission, Desay Group made innovative efforts, resulting in the annual sale volume of the year 2020 to exceed 30 billion yuan.
Many Desay-invested industrial bases were put into use in 2020, including Blueway Vietnam base with a size of 18,500 square meters, battery manufacturing base in Changsha with a size of 38,000 square meters, phase oneSV industrial park with a size of 203,200 square meters, Changchun Fusai auto electronic manufacturing base with a size of 31,900 square meters (a joint project with the First Automobile Group) and the phase one of Huinan battery manufacturing industrial park with a size of 257,300 square meters, greatly boosting the industrial growth of Desay Group.
Propelled by these large-scale investment projects, many divisions within Desay Group made leapfrog development, for example, its automotive electronics sector prioritizes its development on three areas, namely intelligent cockpit, intelligent driving, network service, with the status of market leader being reinforced. The new energy/battery sector further optimizes its business structure and enhances the smart manufacturing level; The precision industry sticks to the technological innovation strategy and achieves a rapid growth in both output value and net profit; the smart manufacturing sector further optimizes its business scale; and the opto-electronics industry takes active measures to deal with the epidemic and expand the domestic market.
To create 1-2 listed enterprises in the next 10 years
Looking into the future, Mr. Jiang Jie said that the development target for Desay in the next 10 year was to have a total revenue scale exceeding 100 billion yuan and create 1-2 listed enterprises.
Mr. Jiang reiterated the significance of persistence. With persistence, Desay achieves its current status, and with persistence, Desay will continue embracing its core value and corporate culture and transform itself into a first-class enterprise in the globe.
Mr. Jiang said, “In the next 10 years, we need to embrace changes”, and special efforts will be made to introduce the use of advanced technologies and facilitate technological innovation and upgrading.
According to Mr. Jiang, Desay will continue applying its long-term investment strategy, carrying out technological innovation efforts and reinforcing its competitive edge. Desay will also increase its efforts on talent cultivation and further extend its market share globally through mergers and acquisitions.
Reported y: HUANG Anmei, LIU He