On July 10, Triumph Group convened its 2026 Half-Year Work Conference in Beijing. Yin Zibo, Chief Operating Officer of China National Building Material Group Co., Ltd. (CNBM) and Secretary of the Party Committee and Chairman of Triumph Group, attended the meeting and delivered a speech. Tang Liwei, Executive Deputy General Manager of Triumph Group, delivered a work report. Liu Xinming, Deputy Secretary of the Party Committee, presided over the meeting.

In the first half of 2026, guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and under the strategic guidance of CNBM, Triumph Group closely aligned with the “three priorities,” focused on the “1+2” key tasks, and deeply advanced the implementation and tangible outcomes of the precision edition (Version 2.0) of the Three Key Campaigns. Through systematic measures and targeted efforts, the Group achieved phased results in multiple areas, including cost reduction and efficiency enhancement, scientific and technological innovation, industrial transformation, reform and governance, risk prevention and control, and the resolution of historical issues.

Yin Zibo Delivers a Speech

Yin Zibo affirmed the Group’s work in the first half of the year. Integrating the industry landscape and Triumph’s actual conditions, he offered a profound analysis of the Group’s H1 performance from the three dimensions of “how to view the situation,” “how to act,” and “who should take the lead,” and proposed that the second half of the year must focus on six core tasks, so as to resolve development challenges with pragmatic measures and consolidate the foundation for growth.

First, improve business quality. Make every effort to expand the market, strengthen marketing organization and capability building, seize high-quality customers and high-quality orders, vigorously promote the recovery of receivables, and reduce the “two types of inventory and receivables” (accounts receivable and inventory), so as to comprehensively enhance business quality. Second, enhance management efficiency. Improve management efficiency, continuously deepen the results of the Three Key Campaigns, strictly control the “three categories of official overheads,” advance organizational restructuring and streamlining and optimization, reduce redundancies and improve efficiency, and continuously stimulate the internal driving force of enterprise development. Third, accelerate transformation. Firmly advance digital transformation and green, low-carbon transformation; accelerate industrial transformation and upgrading, with each business segment identifying its niche tracks and cultivating the “second curve” at a faster pace. Fourth, strengthen innovation. Continuously enhance scientific and technological innovation capabilities, attach importance to the integration of S&T innovation with industry, focus on the four-dimensional balance of technology, products, costs, and markets, build a value-innovation system, and drive the high-quality development of the enterprise with a value-innovation orientation. Fifth, keep risks under control. Strengthen risk management and control, identify various risks, improve emergency plans, and tighten prevention and control responsibilities, so as to always integrate risk prevention and control throughout the entire development process. Sixth, build credibility among cadres. All employees, especially leading cadres at all levels, must firm up their confidence, take concrete action and assume responsibility, tackle difficulties and remove bottlenecks, and forge a strong synergy of unity from top to bottom, so as to go all out to achieve the 2026 targets and tasks.

Tang Liwei Delivers Work Report

In his work report, Tang Liwei summarized the Group’s work and achievements in the first half of the year and pointed out existing shortcomings. Regarding the work for the second half of the year, he emphasized five priorities:

First, implement the main measures and resolutely win the “Three Key Campaigns”. Second, anchor the strategic main line of the “15th Five-Year Plan” and accelerate the cultivation of the “second curve”. Third, strengthen the S&T innovation system and stimulate the primary driver of high-quality development. Fourth, continuously advance management upgrading and enhance comprehensive management and control effectiveness. Fifth, continuously strengthen Party building and rigorously advance the hard task of “inspection rectification.”

Nine enterprises—the Energy-Saving Technology Application Institute of (CNBM) Bengbu Design & Research Institute for Glass Industry Co., Ltd., International Engineering Glass Engineering Co., Ltd., Triumph Technology Co., Ltd. – UTG Branch, Shenzhen Guoxian, Jiangsu Triumph, Yaohua Group, Zhongchen Light Industry Machinery, Tongliao Silica Sand, and Chengdu CNBM—delivered exchange speeches.

A total of 628 participants—including Triumph Group’s external directors, members of the leadership team, heads of departments, and members of the leadership teams of subsidiaries and middle-level management personnel—attended the meeting on-site or via video.