A steady start, building momentum to move forward.
Release time:
2026-04-23
In the first quarter, Vietnam Bao Heng Company focused on three core priorities—equipment upgrades, market expansion, and management improvement—steadily advancing all production and business operations. The company achieved operating revenue of RMB 11.87 million, laying a solid foundation for year-round growth and setting the stage for a strong start.
In the first quarter, Vietnam Bao Heng Company focused on three core priorities—equipment upgrades, market expansion, and management improvement—navigating external market volatility and internal transformation challenges with composure. By uniting its team and pursuing concrete, results‑driven action, the company steadily advanced all aspects of production and operations, achieving operating revenue of RMB 11.87 million and laying a solid foundation for year‑long growth while setting the stage for a strong start.
In the face of external challenges such as U.S. adjustments to tariff policies on Vietnam and fluctuations in downstream customer orders, the company has proactively embraced change and adopted flexible strategies to break through these obstacles:
▫️ Accelerate the development of the local market, reduce reliance on a single export channel, enhance the quality and efficiency of steel trade, expand the scale of aluminum‑zinc‑coated and color‑coated coil operations, and reach preliminary cooperation agreements with several steel processing and warehousing enterprises.
▫️ Relying on the dual‑engine drive of “processing + trade,” we have effectively mitigated the risk of declining orders and firmly safeguarded our core revenue floor.
▫️ Accurately assessed the potential impact of the U.S.-Iran conflict on the steel market, proactively stockpiled over 900 tons of raw materials, successfully hedged against price increases, and significantly reduced procurement costs.
In response to issues such as aging equipment and insufficient precision, the company is prioritizing the upgrading and modernization of its machinery.
▫️ Successfully completed the preliminary technical feasibility study for the new high-precision slitting line, laying a solid foundation for the subsequent installation and commissioning of the equipment.
▫️ Commissioning the 1–6 mm slitting line PLC system and Variable-frequency drive The upgrade plan includes the development of dedicated overhaul schemes for critical equipment such as the tension control system and disc shear.
Through continuous technological upgrades, we have gradually restored equipment accuracy and enhanced machining capabilities, thereby establishing a solid hardware foundation for the successful completion of our annual objectives.
Strengthen internal management and break into new markets! In the first quarter, the company continued to reinforce its internal operations, laying a solid foundation for sustained growth:
▫️ Conduct specialized training on employee skills and safety, standardize operational procedures, and enhance the professional competence and safety awareness of all staff;
▫️ Advance asset inventory and refined inventory management to ensure reconciliation between records and physical assets and effective control.
▫️ Strengthen cost control and implement multiple measures to reduce unit processing costs;
▫️ Enhance the standardization of management, strengthen risk prevention and control capabilities, and ensure the company’s stable operations.
Standing at a new starting point, Bao Heng Vietnam will take the first quarter as an opportunity to draw on its experience, build on momentum, and remain firmly focused on the core priorities of “equipment upgrades, market expansion, and management improvement.” By addressing weaknesses and strengthening its competitive advantages, the company will advance all aspects of its work to a higher level with renewed enthusiasm and a more pragmatic approach, striving to achieve its annual targets and usher in a new chapter of high‑quality development.
Key words:
You can also learn more
16 Industrial North Road, Licheng District, Jinan City, Shandong Province，China