Vary Tech's "Spread Confidence, Create the Future" 2024 Year-End Summary and Awards Ceremony Successfully Held

Published on:2025-02-24

On January 24, 2025, Vary Tech's "Spread Confidence, Create the Future" 2024 Year-End Summary and Awards Ceremony was successfully held in Changsha, Hunan. Representatives from the company headquarters and subsidiaries gathered to review the achievements of 2024 and outline the vision for 2025.
 
The meeting was hosted by Luo Ping, Vice President and HR Director of Vary Tech. A promotional video titled 2024 Major Events took attendees through the year's journey.


01  Year-End Reports


Heads of various business units and functional departments presented their annual results, shared challenges, and discussed key tasks and directions for 2025.





















02  Closing Remarks

Chairman Ming Guoying noted that 2024 was a year of perseverance amid challenges. He reviewed the work of each unit and department:




E - waste Sector

Successfully introduced a strategic company, stabilized the company's core home appliance disassembly business. With market foresight, it targeted the small home appliance market, opened up a new field of comprehensive disassembly of "air condition, washing machine, refrigerators, TV and computer" and small home appliances, creating new growth points. It is hoped that in the later stage, it can drive Chenzhou Company to jointly promote the small home appliance recycling and disassembly business.




Scrap Car Sector

Despite fierce competition, its disassembly capacity ranked among the top five in the province. The trade revenue increased significantly, and it played the role of providing comprehensive trade tax solutions.

Recycled Plastics Sector

 

Through team building, cost control, and efficient management, a solid development foundation was laid, showing good profit - making potential. With the addition of new shareholders from Jinhu Sunny, it has enhanced its market, management, and financial capabilities, and will usher in clear development opportunities. The PET project, as a circular closed - loop application of waste plastic products, adopted the contract - based system, with prominent potential. With further management, it will have a more promising future.


Solid Waste Sector

Signed the Guidong County Urban and Rural Garbage Transfer and Comprehensive Treatment Project, opening a new chapter in garbage treatment technology applications. The in - factory cooperation project continued to act as a star product, with stable profitability, continuously contributing a large amount of profits and cash flow to the company. It is hoped to create new growth in the RDF operation project through process adjustment, resource allocation, refined management, market expansion, and efficiency improvement. It is also expected to accumulate advantages and give full play to the large - scale resource recycling effect.


Equipment and System Service Business Division

By adjusting marketing strategies and strengthening the marketing team, it increased the market share in the waste home appliance disassembly market, consolidated its leading position in the industry, and signed a regional - representative renewable resource sorting center project integrating home appliance production, trade - in recycling, and sales. This opened up a new home appliance disassembly market that can handle both refrigerators and small home appliances, enhancing market confidence, industry influence, and innovation. It actively expanded overseas markets, signed an international waste plastic chemical recycling project, and became a member of the International Biomass Torrefaction and Carbonization Council. The company's core competitiveness lies in innovative R & D and equipment manufacturing. The research and design institute of the business division carried out a large amount of technical development in fields such as electromagnetic pyrolysis, bio - charcoal development, and fly ash treatment, laying the foundation for subsequent development. It is hoped to continue promoting the application of new composite crushers in the home appliance disassembly field and become a comprehensive service provider for renewable resource green sorting centers.

New Investment Development Department

 
Newly integrated and established, the department seized the opportunity of the country's strong support for the construction of renewable resource recycling and sorting centers, comprehensively promoted multiple projects such as the Cili project, achieved a resource breakthrough in the Cili project, and created new market growth points. It signed a cooperation framework agreement with the government to promote the construction of the Guidong County Urban and Rural Garbage Collection, Transfer, and Comprehensive Treatment Project, aiming to build a demonstration project integrating blue islands, green islands, and carbon islands. It developed the bio - charcoal industry, and in collaboration with the research and design institute of the Equipment and System Service Business Division, completed the biomass electromagnetic pyrolysis experiment and the pilot test of the "drying + pyrolysis direct combustion" process, achieving significant project progress results and laying the foundation for the company's future development.

 

Chairman Ming Guoying affirmed the achievements of various functional departments in aspects such as partner introduction, patent protection, construction of the new office building, employee benefits, investment and financing, cost control, and brand promotion.

 
At the same time, Chairman Ming Guoying also frankly admitted that the company still needs to improve in aspects such as operation management, cost control, and overseas market expansion. Facing these challenges, he emphasized that each business division should advance work as planned to achieve "survive well in 2025", and actively respond to the global carbon neutrality trend to seek development opportunities globally.


03   Excellent Commendation

The meeting solemnly commended individuals and teams that performed outstandingly in 2024. Nine people were rated as "Best Newcomers of the Year", and 30 people were rated as "Excellent Employees of the Year".






 
The meeting also presented awards such as the "Excellent Team Award", "Quality Improvement Award", "Excellent Project Award", and the "Chairman's Special Award".





 
 
These outstanding individuals and teams are the company's valuable assets. Their stories inspire every Vary employee to work with more enthusiasm and pursue excellence in the new year.

04    Lucky Draw

Lucky draws were interspersed during the commendation process, further enlivening the on - site atmosphere. The generous prizes not only brought surprises to employees but also conveyed the company's care and gratitude to them.

Entering 2025, Vary Tech will continue to uphold the spirit of innovation, deeply cultivate the circular economy field, actively explore emerging industries such as biomass energy, and is committed to promoting global sustainable development. The company is full of confidence in the future. It believes that with the concerted efforts of all Wanrong employees, it will surely achieve new successes, play an important role in China's green development process, and create new milestones.

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