In recent years, the tire industry has seen continuous prosperity. Jiangsu General Science Technology Co., Ltd. (SH601500) has seized this new strategic opportunity, insisting on innovation-driven development, accelerating the integration of domestic and overseas resources, and taking the lead in becoming a Chinese tire company that comprehensively reaches production in dual overseas bases in the industry, with both production and sales thriving, orders exceeding supply, and creating a new advantage of comprehensive industry leadership for the company.

The outstanding achievements could not have been accomplished without the continuous hard work of the financial team of Jiangsu General Science Technology Co., Ltd. They work day and night with numerous data reports and documents, paying meticulous attention to detailing a 'safety net' for financial management, staying rooted in their positions, practicing strict self-discipline, and making selfless contributions. In the past year, facing a complex and ever-changing market environment and fierce industry competition, through refined management, optimization of financial systems and processes, strengthening financial analysis, and tax risk control capabilities, they enhanced the company's overall competitiveness, laying a solid foundation for sustainable development. Leading this team is Jiang Jiehua, the Chief Financial Officer of Jiangsu General Science Technology Co., Ltd., who recently received the title of 'High-Quality Development Pioneer' from the Red Bean Group.

Overcoming difficulties and managing financials of overseas companies effectively.

In 1997, Jiang Jiehua stepped into the workplace fresh out of school, starting her first job in finance at Red Bean. Over the past twenty years, she has dedicated herself to this profession, starting from a cashier, assistant accountant, senior accountant, finance manager, to the Chief Financial Officer. Commended as diligent, innovative, responsible, and capable, these qualities define her best.

In October 2019, after serving as the Finance Minister of Jiangsu General Science Technology Co., Ltd. for over a year, Jiang Jiehua faced a significant career challenge. To align with the company's internationalization strategy, she took on the role of Finance Manager at the company's Thailand branch, immediately joining the management team at the project site in Thailand to commence work.

Facing the company's first overseas project and with zero experience, how to effectively empower development in finance? Jiang Jiehua, with her inherent tenacity, overcame challenges such as language barriers, unfamiliarity with local financial policies, and staff shortages. She sought advice from Chinese counterparts in Thailand, consulted with local firms, and meticulously studied the financial differences between China and Thailand. Quickly establishing the initial Thai finance team, she constructed a financial management system, facilitated the process through strong tax-business relationships, ensuring the swift refund of a large tax sum for the Thai company among industry counterparts.

In recent years, as Jiangsu General Science Technology Co., Ltd. rapidly advances internationalization and intelligence, finance plays a crucial supporting role. Jiang Jiehua believes that two things need to be done well: reasonable planning of personnel and positions within the team to achieve high cohesion, and rapid accumulation of international professional knowledge among team members. For talent deployment, she adopts a combination of domestic mobilization and local recruitment, domestic training for overseas positions, focusing on encouraging development, creating a relaxed atmosphere, motivating employees' enthusiasm, and strengthening team cohesion. In terms of professional knowledge, she collects financial information from local authorities, firms, and tax bureaus to share with team members for mutual learning and improvement. Presently, the Thai finance team has grown from an initial 4 members to over 10, each possessing strong professional skills and outstanding business capabilities, significantly supporting the company's rapid development.

Being proactive to ensure financial decisions are compliant and accurate.

In July 2021, Jiang Jiehua was promoted to the position of CFO at Jiangsu General Science Technology, fully responsible for the company's financial management. Faced with the new position, Jiang Jiehua carefully reviewed the responsibilities of the finance department. She focused on the main duties in combination with the characteristics of the company's industry, systematically diagnosed internal control risks, promoted issue rectification, strengthened financial analysis and tax risk control capabilities to enhance risk management, ensuring the security of the company's funds; through optimizing the financial system and processes, the company's tax compliance capability was improved. By strengthening financial analysis and tax risk control capabilities, domestic and international tax risks were effectively mitigated, providing strong support for the company's sustainable development.

Not only that, since last year, Jiang Jiehua has led the team to actively establish the financial accounting system of overseas companies and optimize the financial management processes of domestic companies to ensure the compliance and accuracy of financial decisions. Different countries have different financial and tax requirements. In order to quickly support the rapid growth of the company's overseas business, according to decisions, Jiang Jiehua has built accounting systems different from domestic ones based on different situations in each country. For example, in the Thailand company, the workshop accountant position was eliminated based on personnel situations, and different financial positions were redefined based on overseas workflows to meet process requirements.

In optimizing domestic financial processes, Jiang Jiehua found that there were more basic staff members in the original company's finance department, and the assistant positions with comprehensive professional abilities were relatively weak. She made appropriate adjustments by merging basic positions, adding assistant positions, and cultivating more specialized talents.

Digital transformation empowers high-quality enterprise development.

Emerging technologies represented by big data, cloud computing, machine learning, and AI are fundamentally changing financial work and providing technological support for the transformation of financial functions.

In order to accelerate financial informatization construction and improve financial accounting efficiency and analysis capabilities, under Jiang Jiehua's leadership, starting from 2021, Jiangsu General Science Technology's domestic and overseas companies have gradually promoted advanced management systems. They have completed accounting for business sectors such as sales management, planning management, inventory management, finished product barcode management, accounts receivable and payable management, raw material inventory accounting, replacing manual accounting, improving efficiency and analysis capabilities. This has achieved real-time data updates, greatly empowering business development.

Currently, Jiangsu General Science Technology is advancing the BOI certification and procurement management for the Thailand project. Once all tasks are completed, the business and financial systems will be completely integrated, significantly improving data standardization and process standardization. At the same time, user efficiency will increase by 30%, analysis capabilities by 60%, and data accuracy by 60%. Jiang Jiehua's team actively manages budget and cost reduction and efficiency enhancement at home and abroad. From August 2022 to June 2024, costs have been reduced by a total of 0.23 billion yuan domestically and internationally.

Financial management is the lifeline of modern corporate management. Jiang Jiehua, who deeply understands the importance of this position, has always adhered to principles, strictness, diligence, and dedication. With persistence and pursuit, she embodies the essence of the 'Red Bean Spirit' and demonstrates the responsibility and dedication of a 'financial steward' through her actions. She said that in the future, she will further strengthen the company's financial management system, improve operational efficiency, and contribute to achieving the goal of a billion red beans and a hundred billion general corporations.