Far East Machinery is actively responding to the strategy of "innovation leading, opening up" proposed by the state, achieving simultaneous development of innovation and opening up, and diversifying its development direction. And Far East Machinery also proposed that if you want to transform and upgrade, you must maintain concentration.
Today, China's construction machinery has achieved unprecedented achievements and difficulties still exist. In particular, the industry's "three removals, one reduction and one supplement" task is arduous, and the industry as a whole still has a long way to go to high-end. This urgently requires us to remain rational and build a healthier and more sustainable industry ecology.
We need to overcome 'dependence' and use innovative development methods to break away from reliance on policy incentives and to overcome reliance on past successes. 'Turn without rise' needs to be avoided. Through transformation and upgrading, we can truly improve the effectiveness of market supply, enhance our core competitiveness, and avoid returning to the old path of low-end competition and fighting in the Red Sea. Resolutely "three eliminations, one reduction and one supplement", the current market recovery provides the best opportunity for the industry to "three eliminations, one reduction and one supplement". We must maintain our determination, solve historical problems in the process of development, and complete transformation and upgrading.
On the other hand, around the strategic policy of "collection, focus, and localization", Far East Machinery plans its layout in overseas markets, gradually forming a localized manufacturing cluster around the "Belt and Road", forming sales, service, logistics network system. At the same time, using the power of capital, Far East Machinery has successively achieved system reform, standardization of governance, and related diversification of industries. At present, the company is accelerating the in-depth integration of industry and capital, and using capital to promote the transformation of the company from a manufacturing type to a manufacturing service type.
