From July 9th to July 10th, Far East Horizon held a midyear meeting on key posts in 2020. The theme of the meeting is "Build a hard stronghold for fighting a tough battle." More than 300 company leaders, financial and business line managers attended the meeting, listened to the summary report of the first half of the year, shared the work results and discussed the work plan for the second half of the year.

According to the company's requirements for epidemic prevention and control, the meeting was held in the form of video conference for the first time, which was opened to 27 sub venues in Shanghai and the national offices in real time. The meeting was focused and reached a consensus for the encouragement in the second half of the year.

△ the meeting was held in the form of video conference for the first time and opened to 27 sub venues in real time.

 

How’s the performance of 2020 H1?

In the first half of 2020, the global economy continued to decline, and the sudden outbreak of COVID-19 made it even worse. From enterprises to residents, from the real economy to the financial industry, all are affected with no exception. In the first half of the year, the company showed a trend of steady development against the depression and achieved hard won business results.

△ Wang Mingzhe, Executive Director and Chief Financial Officer of Far East Horizon, shared the 《Budget and Performance Analysis Report》for the first half of the year

△ Xu Huibin, General Manager of the Strategic Center, shared the《Environmental and Strategic Review Report》for the 1st half year.

 

Traditional business:

Full coverage & high business touch rate, steady development against the depression trend

In the first half of the year, the financial leasing business has stabilized its position, maintained its foundation and demonstrated its strong vitality. New credit, new contracts and new starting rent all increased.

In the working state, high business touch rate and full coverage have become the new normal of front-line operation. During the COVID-19, Far East Horizon took the lead in the industry to return to work. On the premise of meeting the prevention and control requirements of various regions, Far East Horizon tried its best to carry out business and managed to create conditions to reach customers. In terms of working methods, we closely focused on "understanding industry and understanding customers", seek breakthroughs along the industrial chain, innovate product models and meet the deep needs of customers.

△ Heat chart of traditional business running nationwide in the first half of the year

 

New business

Set sail with the trend, and the incremental value began to appear

The company's new financial business shows a good growth trend and gradually joins the "team".

In the first half of the year, Inclusive finance business strengthened vertical market development, and business investment increased significantly. Overseas business makes use of domestic and foreign resources to provide services to high-end customer groups. Factoring business provides differentiated product services with a new professional platform. Asset business extends the chain of value creation in the field of asset disposal and circulation. The ability of "investment, financing, construction and operation" of Horizon Construction & Development is gradually constructed. The fund management scale of Grand Flight continued to grow, and the invested Peijia Medical Limited successfully landed in Hong Kong stock market.

Horizon Construction & Development

Tamp the leading position and start the preparation to be floated

The number of assets and operating equipment of Horizon construction and Development Co., Ltd. ranks the first in China, forming a customer service network covering the whole country. During the COVID-19, it has become a part of the national strategic mobilization capacity, and participated in the construction of Wuhan Leishenshan, Huoshenshan and mobile cabin hospitals, providing power guarantee for 40 hospitals in Wuhan. Since the resumption of work and production, Horizon construction & Development has continued to support the national "new infrastructure", and almost all major projects in various regions have the figure of Horizon construction & Development.

△CCTV reports that Horizon construction & Development supports the construction of Wuhan mobile cabin hospitals

△Live video of Horizon construction & Development supporting the construction site of Wuhan Leishenshan hospital

 

 

Hospital group:

Scale keeps ahead and resource value increases

After nearly 7 years of development, the hospital group has become a unique benchmark for medical service resource integration in China. In the first half of the year, the hospital group completed the acquisition of high-quality assets in an orderly manner. With the unique medical operation mode, the value of the hospital group increased rapidly. During the COVID-19, Far East Horizon medical staff and the "national team" jointly went to the front line to rescue Wuhan, which effectively showed the mind and responsibility of social forces in running medical services.

△ Going to the front line of Wuhan: the launching ceremony of the medical team of Zhengzhou Renji Hospital affiliated to FEH hospital group

△ Hold the position: the fever clinic of Deyang 5th Hospital affiliated to FEH hospital group has built the anti COVID-19 barrier in the hospital

 

Why did Far East Horizon survive?

In such a difficult macro environment, why did Far East Horizon survive after maintaining stable business performance in the first half of the year?

Maintain strategic focus

Over the years, Far East Horizon has firmly adhered to the strategic model of "finance + industry".

For finance orientation, FEH adhere to serving “to B” business customers by stick to comprehensive services and continue to expand the financial services. For Industrial orientation, FEH firmly make layout of industrial operation business, construction of financial and industrial organic coordination of the business system, in order to lay the foundation for long-term development. For resource raising orientation, FEH has made continuous innovation and breakthrough, adhered to the resource globalization, proactively entered the capital market, and formed a comprehensive financing capacity of domestic + overseas.

Flexible adjustment of tactics

With the rapid change of the external environment, the "tactics" of Far East Horizon are constantly changing according to the time and local conditions, maintaining the resonance with the environment. For example, a series of management changes were implemented last year: work process system, business formation adjustment, functional department adjustment, team upgrading and optimization… In the process of continuous change, Far East Horizon 's "body" has become more flexible, the team is more capable, and the "move" is more agile. A series of adjustments were basically implemented before the outbreak, laying a solid foundation for coping with external shocks, and the effect of reform was also shown in the extreme test in the first half of the year.

System and mechanism guarantee

As a model driven enterprise, talent is the most valuable asset in Far East Horizon. Over the years, the company has persevered and unswervingly established a modern and market-oriented system and mechanism to create a fair, liberal and open competitive development platform for employees. In a clean and pure workplace environment with clear rules, employees who are hardworking, self-disciplined and honest will be rewarded and affirmed so as to stimulate every cell of the organization.

 

What to do in the second half of the year?​​​​​​​

Kong Fanxing, Vice Chairman of the Board of Directors, Executive Director and Chief Executive of Far East Horizon, made a concluding speech at the meeting. Looking back on the first half of the year, although the deterioration of the macro situation exceeded expectations, the successful holding of the midyear meeting in Far East Horizon proved that we are still "alive". President Kong Fanxing firmed stated that:

At this moment,

Our business foundation is still solid;

At this moment,

Our resource security is still effective;

At this moment,

Our underlying assets are still safe;

At this moment,

Our business potential is still strong;

At this moment,

Our profitability continues;

At this moment,

We still have the ability and the right to look forward to the next year!

△ President Kong Fanxing is making a concluding speech

Mr. Kong said: "in the past half a year, every progress and achievement made in Far East Horizon has condensed the hard work of all the people in Far East Horizon and the understanding and tolerance of all the family members behind them." On behalf of the board of directors of Far East Horizon and on behalf of the company's management, Mr. Kong expressed his sincere thanks to all the employees working in all fronts, regions and posts.

Back to the theme of the meeting, " Build a hard stronghold for fighting a tough battle". President Kong thinks that the word "tough" is actually a resistance to the temptation in front of you, an obsession with your ideal in your heart, a lock-in to your future goals and a promotion and pursuit that you will not abandon or give up.

Specific to the work in the second half of this year, as a model innovation enterprise, how to effectively drive the integration and interaction of internal and external resources is a very important work proposition. Mr. Kong figuratively said, "the unilateral capabilities in all directions of Far East Horizon are like steel wires. They should be gathered together and twisted into steel wire ropes to increase strength, toughness and pressure resistance.".

In terms of financial business, Mr. Kong pointed out that the company should be established by industry and private customers should be taken as the basis, also should strengthen the front-line running and customer arrival. At the same time, we should continue to strengthen the direction of human resources, optimize the system and mechanism, speed up the shaping of elite troops, and establish talent echelons, so as to better recognize the value creators who really make contributions and strengthen the management of the cadre team.

In terms of industrial business, Horizon Construction & Development should continue to maintain stable growth and promote the capitalization strategy. The hospital group focuses on three key tasks to lay the foundation for the further expansion of medical strategy.

Looking forward to the future, Mr. Kong warned everyone that "the good days are gone forever, but we still have to live a good life". He pointed out that as long as we fight a good battle, do not opportunistic, don’t easily follow people's advice, not be tempted by the environment, and strive hard, Far East Horizon will have a chance to win. "We will work together for the review meeting next year."