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Work report from apt group for the first half of 2018

2018-06-26 15:36:56 ·

Work report meeting of apt Group for the first half of 2018 was held in Sedant meeting room on 19th -20th June in Beijing.

Management team from apt Group including CEO Mr. Bernd Schäfer, CFO Mr. Heiko Abendroth, CTO Dirk Krogmann and the representative from Sedant took part in this work report meeting. Chairman Mr. Wang Xudong, General Manager from Investment & Financing Center Mr. Chen Hongliang, Deputy General Manger from Financial Management Center Ms. Han Yuejuan attended the work report meeting.

During the meeting, CEO, CFO and CTO of apt Group made presentations about the estimated operation result (till the end of June 2018), the investment of automatic logistical processes, prices of raw materials, the centralized purchasing, organic and inorganic growth and the development of Chinese market.

Sedant discussed with apt management team about the investment of the automatic logistical processes, organic and inorganic growth and the development of the Chinese market. After the discussion, Chairman Mr. Wang Xudong pointed out that, other functions should be added into apt holding step by step, recruitments to apt holding should be made according to the need of the business development requirement and a significant or sudden increase in the personnel cost should be avoided and a stable organic growth in 2018 should be secured. Furthermore Chairman said that, apt should focus on two key products and invest in the new technology. Besides, apt should still walk towards IPO and requirements of the IPO should be also regarded as standard for the management in apt, with the aim of meeting the requirements for the IPO step by step.

After the presentations and discussion, the strategies of inorganic and development of Chinese market are getting much clearer, which lays a good foundation for the further operation and development of apt group in the second half the year 2018.