Dear leaders, experts, scholars, sales representatives, suppliers, builders, friends from all sectors of society, and all members of the group:
Hello!
Time flies like water, bidding farewell to the old year and welcoming the new one. As we approach the New Year's Day of 2025, I, on behalf of the Group Board of Directors, extend our most sincere New Year wishes and heart felt gratitude to all who have supported and cared about Judayang's development—leaders, experts, scholars, sales representatives, suppliers, builders, friends from all sectors of society, and all group members along with their families.
Looking back at 2024, GGOG adhered to the business strategy of 'strengthening the main business, deepening professionalism, transforming results, improving quality and efficiency, and promoting cooperative development.' All employees united as one, actively responded to changes in domestic and international markets and industry trends, focusing on quality to expand the market, enhancing benefits through strict management, ensuring stable, continuous, and healthy development of all corporate activities.
Overall, ten major development highlights were achieved:
1. Actively responding to changes in domestic and international markets, the sales volume of alginate, our main business, reached a new high.
2. The carrageenan technology upgrade project was successfully completed, achieving a dual improvement in product quality and production capacity.
3. The upgrade of the seaweed plant hollow capsule production line has been completed, resulting in continuous and stable improvement in the quality of seaweed capsules.
4. The certification of the seaweed oligosaccharide production line system is complete, and the approval process for the new food ingredient is in the final countdown stage.
5. Seaweed plant nutrients form a nutritional product line that covers the entire growth period of plants. Seaweed extract products are popular in international markets.
6. The demethylated seaweed powder product, rich in algal nutrients, has achieved a balance between production and sales, with both supply and demand thriving.
7. The seaweed food brand 'Juxiaoyang' has been grandly launched and has won the market's favor, with products in high demand.
8. The comprehensive R&D center in the science park has been completed and put into use, with the R&D system focusing precisely on its objectives.
9. The Ling Mountain Bay Marine Industry Technology Collaborative Innovation Exchange Center has commenced operations, and a comprehensive cultural and tourism complex has been formed.
10. Approved as a Shandong Province Modern Marine Industry Technology Innovation Center, it has consistently ranked among Qingdao's top 100 manufacturing companies and private enterprises.
In 2025, it will mark the 25th anniversary of our group's founding. In the new year, we will follow the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, comprehensively implement the spirit of the 20th National Congress of the Communist Party of China, adhere to the guidelines set by the Central Economic Work Conference, and uphold the principles of 'adhering to fundamentals while innovating, system integration, land-sea linkage, and quality improvement'. We aim to achieve new breakthroughs in the following three areas:
Firstly, upgrading our expertise, continuously improving the technology and application level of seaweed processing. We will accelerate digital and intelligent upgrades, implement green, low-carbon, and clean production plans, expedite market development for seaweed oligosaccharides and seaweed capsules, and promote the transformation and application of research outcomes through collaboration with universities and research institutions. Our goal is to create a world-class base for seaweed biotechnology applications.
Secondly, focusing on our core business, enhancing the comprehensive processing capacity and quality of seaweed resources. We will intensify efforts to increase brown algae processing capacity, expand red algae processing, and improve green algae processing capabilities. We will also strengthen the effective operation of domestic and international quality systems to boost the production capacity of alginate, carrageenan, agar, seaweed-derived nutrients, and healthy seaweed cuisine, ensuring high quality and striving to become a world-leading comprehensive seaweed processing base.
Thirdly, expanding our industry, improving the construction levels of marine ranches and modern agriculture projects. We will speed up the transformation and upgrading of the Lingshan Bay national marine ranch, the integrated project of land-sea linkage for salmon farming, and modern service projects for agriculture, rural areas, and farmers, as well as urban residents. We will also accelerate the establishment of an international trade system that connects global markets, aiming to build a world-class transnational group with a full industrial chain.
With Qingdao's beautiful scenery attracting talents from all over the world, we are dedicated to doing real business with perseverance. Gathering the essence of the East China Sea and the ocean, we innovate while adhering to fundamentals, striving for national contributions. May we continue to work together and create a glorious future in the new year!
Wishing everyone a happy new year, successful work, and all the best!
Wu Shipeng, Chairman of GGOG
December 31, 2024
