On July 16, 2025, FARET Group convened its 2025 Mid-Year Summary Conference in Panyu, Guangzhou. Responsible leaders from the Guangdong Business Unit, Tianjin Business Unit, Sales Company, New Energy Business Unit, and Group Headquarters gathered together to review the work of the first half of 2025 and summarize their experiences.

Group Chairman Mr. Zhang Jianfa attended the conference in person, offering high praise for the work of each business unit in the first half of the year and outlining the strategic deployment for the second half of 2025. Facing the significant challenges within the thermal management industry and the complex, ever-changing global trade environment, FARET Group demonstrated remarkable resilience and determination, vowing to carve out a path to breakthrough amidst adversity.

Heads of FARET Group Business Units Deliver Mid-Year Summary Reports

During the conference, the heads of FARET Group's various business units took turns presenting their mid-year summary reports for the first half of 2025. Utilizing precise data and classic case studies, they not only reviewed successful practical experiences but also delved into the underlying reasons and logic behind these achievements, providing valuable references and insights for the Group's future sustainable development.

The Finance Center delivered its report

The Sales Company delivered its report

The Guangdong Business Unit delivered its report

The Tianjin Business Unit delivered its report

The New Energy Business Unit delivered its report

The Information Center delivered its report

The Human Resources Center delivered its report

The R&D Center delivered its report

The Procurement Center delivered its report

The Dawang Business Unit delivered its report

Address by FARET Group General Manager

Mr. He Yaoxing, General Manager of FARET Group, Delivered an Address

FARET Group General Manager He Yaoxing summarized and commented on the work of the business units and group centers during the first half of the year. He emphasized that for the crucial second half of the year, to actively respond to the complex and volatile market environment and achieve sustainable, high-quality growth, the Group must exert comprehensive efforts across multiple dimensions, including team building, production optimization, innovation and development, and management strengthening.

Facing both opportunities and challenges, we must unite as one and forge ahead. In our work, we must be both down-to-earth and diligent, while also mastering scientific methods, looking up to find the right direction, and achieving greater efficiency. At the same time, we must uphold an attitude of lifelong learning, continuously improving ourselves, advancing hand-in-hand with the Group, and injecting powerful momentum into its high-quality development.

Address by FARET Group Chairman

Mr. Zhang Jianfa, Chairman of FARET Group, Delivered an Address

At the conference, Chairman Zhang Jianfa fully affirmed the work achievements of the first half and provided important guidance for the company's future development. Looking back at the first half, he noted that the numerous challenges brought by market changes were overcome through proactive planning and strenuous efforts, leading to the current results. Among these achievements, lean management and IT construction have realized dual improvements in management efficiency and operational quality. He expressed the expectation that in the second half, everyone would focus their efforts precisely to address shortcomings. Simultaneously, he stressed the critical importance of prioritizing intellectual property rights (IPR) construction, building a solid barrier for the enterprise's IPR to avoid potential legal risks. He also emphasized that clearly defining talent acquisition and retention strategies is crucial for the company's development.

High-quality talent is the core driving force for enterprise development. Excelling and refining our expertise is the fundamental plan for building a century-old enterprise and a billion-dollar enterprise. He expressed the hope that everyone would work together in the future, striving collectively to write brilliant chapters.

Looking to the future, FARET Group is full of confidence in its development prospects. Despite the many challenges and difficulties currently faced, the Group firmly believes that by adhering to the principles of innovation-driven growth and win-win cooperation, seeking opportunities within adversity, and accumulating energy while confronting challenges, it will undoubtedly stand out in the fierce market competition. FARET Group is committed to achieving higher-quality development and advancing further on the path of intelligent and low-carbon thermal management.