Beijing Olympic Game is more than a grand world-wide Sport Party; its success has been a strong self-evidence for promoting a healthier and sustainable development of China’s economy and also able to gear China’s economy to the world. When the private economy, especially the manufacturing industry, was caught in the economic stagnation period, YUEMING LASER put forward the idea of “slowing down instead of giving up”. This idea, which has something in common with the quality and spirit of those Olympic champions, is encouraging each employee of YUEMING LASER all the time. Known to all, the twenty-first century is a century with a technology economy as well as a century full of opportunities and challenges. We are endowed with various opportunities, challenges and competitions by the time. Under this circumstance, it is quite wise for us to carry out the idea of “slowing down instead of giving up”.  Keeping the Olympic Spirit deep in our mind, we should make determined efforts, and simultaneously, be bold enough to grasp the opportunities and meet the challenges. YUEMING LASER will spare no effort to make it one of the world’s famous enterprises which have the striking characteristics of internationalization, diversification, modernization and individuation.

Because of the world’s suffering from economic depression this year, YUEMING LASER is inevitably influenced by that as well. As a result, the growing speed of the enterprise has clearly slowed down. However, with the development goal of striving to become the strongest manufacturer of laser processing equipment in China and a world-wide-known enterprise, YUEMING LASER is such an enterprise that cherishes high ambitions and has a broad vision. The magnificent ambition of being one of the most powerful and influential enterprises in China has been inspiring YUEMING LASER all along. First of all, during its development, YUEMING LASER prefers to take the following actions, such as, shouldering the social responsibility positively, providing considerable welfare and insurance to the employees, paying close attention to environmental protection and releasing part of the cost earlier. Secondly, YUEMING LASER has successfully become the leading enterprise in this industry by the means of independent innovation. Its advanced technology is able to make YUEMING LASER take control of the market and also digest the compounded cost by price mechanism. The compounded cost is generated by various reasons, for example, the rising price of certain raw materials. Last but not least, there is a scientific management system within the enterprise. When in face of the ever increasing cost, the enterprise will start the internal Cost-digesting Mechanism immediately.  Although YUEMING LASER has a rational industrial structure and a complete control system, it is still seriously affected by this global economic depression. The current problems are caused by many comprehensive factors home and abroad, which is the concentrated reflection in one specific period.

As one of the private enterprises, YUEMING LASER should carry forward the Olympic Spirit just like the excellent athletes in the Game, to conquer the difficulties by their continuous efforts and innovation. The Broad of Directors of YUEMING LASER has given out some suggestions after discussion. On one hand, YUEMING LASER should prepare itself with countermeasures regarding the economic stagnation period; on the other hand, it should also take positive actions, including: 1. Proper Saving. We should try to draw in various expenditures and carry out the concentrated management during the difficult period. At first, a team of professional and excellent managers is of great importance. In the early days of this enterprise, some non-necessary positions were set up for some specific persons, especially for the relatives. It was kind of poor management. And now we have learnt and will never recommit the same error. Next, the key points of the enterprise’s reform are also very significant. Please keep this in mind, “There is no best management level, but only better ones.” 2. Intensive Learning. We should try to learn and apply the advanced administration regulations to further improve the enterprise’s regulations and promote ERP Management. 3. Science and Technology Innovation. We should try to transform and upgrade the enterprise by the means of science and technology innovation. The following three factors are of great significance if we try to make a breakthrough by innovation: 1. The employee relation is the primary basis for innovation. As long as all the staff members get together and brainstorm, infinite wisdom will be spurred. The relation between employees should be based on their mutual benefits, mutual career as well as mutual life. 2. To accept failure is the necessary condition for innovation. It is always said that if there is no try, no failure and more try, more failure. However, without the bold practice, there is no bold innovation. 3. Value is the fundamental guarantee for the realization of innovation. We should positively lead the employees to establish the upright outlook on life and value. If the employers want the employees to stand by them at the difficult period, they should pay close attention to the employees’ inner world and their actual needs in the daily life. To treat the employees well is the foundation for the enterprise to shoulder social responsibility, which is of great importance during the difficult time.