China Post Strives to Become a World-class Enterprise
2017-09-30

  

The 48th World Post Day has fallen at a time when the whole nation is greeting the upcoming 19th CPC National Congress with boundless pride.

On behalf of China Post Group, I extend holiday greetings to the postal cadres and workers nationwide on this occasion and express our most sincere thanks to Party committees and governments at all levels, friends from different segments of society and customers, and honor you all sincerely.

China Post studied and implemented a series of important speeches by President Xi Jinping and his new strategy of governance, actualizing the win-win goal of both income scale and economic benefits to attain a high degree of civilization in both material and non-material aspects since the 18th CPC National Congress on November 8, 2012.

We accelerated reform and innovation, promoted transformation and upgrading, making remarkable achievements both in income scale and economic benefits.  

The group's total revenue grew from 321.35 billion yuan (US$ 48.2 billion) in 2012 to 435.84 billion yuan (US$ 65.4 billion) in 2016, registering an average annual growth of 7.9 percent.

The total profit rose from 31.82 billion yuan (US$ 4.8 billion) to 43.98 billion yuan (US$ 6.6 billion), up 8.4 percent annually.

Over the past five years, net assets increased by 24.6 percent on an annual basis, which was 409.77 billion yuan (US$ 61.6 billion) in 2016 compared to 169.88 billion yuan (US$ 25.5 billion) in 2012.

On the Fortune Global 500 list, China Post jumped to 105th in 2016 from 258th in 2012 in revenues, and to 128th in 2016 from 167th in 2012 in profits.

Among the Top 500 Enterprises of China, China Post jumped to 21st in 2016 from 30th in 2012 in revenues.

Looking forward to the future, China Post is able to create a broader development space and step towards the goal of building a world-class postal enterprise. We will accelerate reform and innovation, promote transformation and upgrading and improve service quality and efficiency.

Firstly, we must give top priority to development, seize opportunities, speed up the development of the postal insurance business, parcel delivery service and rural e-commerce, and promote sustainable and sound development.

Secondly, we must continue to deepen reform, make efforts to improve the system and mechanisms. According to the central authorities’ deployment for deepening the reform of state-owned enterprises, China Post will accelerate system reform, establish a modern corporate system, and improve the control system, salary distribution mechanism and performance appraisal system.

Thirdly, we should insist on innovation and development and popularize and apply advanced technology. China Post will make the best of its staff’s innovation; promote advanced technology and innovation in products, service, management and business model, meeting the needs of market upgrading.

Fourthly, we will adhere to fine management, strive to reduce costs and improve efficiency. China Post will strengthen strategic performance management, promote zero-base budget management, and strengthen cost and expense management and safe production, enhancing the level of enterprise management.

Last but not least, China Post will always stick to Party construction and be strict in Party discipline. We will firmly establish our political consciousness, maintain a high degree of agreement with the Party Central Committee ideologically, promote construction of a clean and honest administration, struggle against corruption and give full play to the Party members’ exemplary vanguard role.

China Post Group will closely unite with the Party Central Committee with President Xi Jinping at the core, study and implement a series of important speeches by President Xi and his new strategy of governance, collect together to do solid work.

All these efforts aim to contribute our share to the goal of building a well-off society in an all-round way and realizing the great rejuvenation of the Chinese nation. 

Li Guohua
President of China Post Group