Ladies and gentlemen,
Nice day to you all.
On this special occasion, we hold a grand celebration on the foundation ceremony of Shandong Yineng Heavy Industry Co.,Ltd. Firstly, on behalf of all the staff, it’s my great honor to express our sincere welcome and gratitude to all the guests and friends.

In the past 2009, we realized a fast and well development with the support of develop zone committee. We produced more than 2000 sets of wheel loaders and our turnover has reached RMB 230million and tax has realized RMB10million. We also achieved a lot in exportation.  In the past year, we exported more than 180 sets of loaders and received more than USD6million. From the very beginning, we insist quality comes first and we regard the market demand as our development direction. At present, our LN910 to LN956 wheel loaders have been awarded “Shandong Famous brand”, which is a reliable foundation of our future development.

Our new project, Shandong Yineng Heavy Industry Co.,Ltd is one of the most important construction projects in our city this year. We will invest about RMB350million into this project in the coming 2 or 3 years, preparing for our future development aim, to realize our companies group. At present, Shandong Yineng Heavy Industry Co. has four branch companies, including Taian Luneng Machinery Co., Taian Yineng Hydraulic Co. and Taian Luneng import & export Co. We concentrates on the manufacture of LN910、LN912、LN915、LN916、LN918、LN920、LN926、LN935、LN939、LN956、LN959 wheel loaders, excavators and other construction machinery. After the new production base is put into use, our production and sales ability of wheel loaders and excavators will reach 20000 sets per year and the turnover will come to RMB 300 to 500 million. We will adopts the most advanced equipment, management system and retain the capable talents, we will provide the most reliable machines for the market. We believe that we will develop into the biggest production base for construction machines around this area.

In the following development, we will commit the best construction idea, standard and marketing into this project, and set a good example for the investment attraction. We are determined to get a harvest of society benefit, zoology benefit and economy benefit. We will also reinforce the construction management to avoid the accidents and make sure the project is running well. To conclude, we have enough confidence and determination to achieve the first class construction machinery production base with the support of municipality and development zone committee.

At last, we wish health and good luck to all the guests and friends here. Thank you all.