2024 is a year of both challenges and opportunities for Longteng Road. During this year, the industry faced dual pressures of budget compression and intensified competition, especially for private enterprises in the context of national advancement and private retreat. How to ensure or even improve quality while maintaining price competition is a difficult problem for the industry's technological upgrading, and it is also an opportunity for Longteng Road to once again break through. Through exploration and accumulation in multiple sectors and channels such as technology research and development, industry exchange, and engineering practice, after much suffering, Longteng Road finally made a breakthrough. It has firmly established a foothold in the turbulence, established a good reputation and brand image in the industry, and further consolidated its leading position in the field of highway maintenance. The development of enterprises cannot be separated from the attention and support of all sectors of society. Longteng Road is rooted in industry collaboration and symbiosis, actively fulfilling social responsibilities, embracing gratitude, and building the future together.

 

Technological Innovation: Driven by Innovation and Green Development. In terms of product research and development, Longteng Road has launched multiple asphalt emulsifiers with superior performance. Based on existing synthesis technology, R5520 asphalt emulsifier has been developed to achieve the emulsification of high content SBS modified asphalt while also having the effect of slow cracking and fast setting; And R5521 asphalt emulsifier has the possibility of achieving ultra-low temperature construction; KL-2 asphalt emulsifier solves the industry problem of producing high solid content modified emulsified asphalt that is too viscous; The introduction of T15 asphalt emulsifier has achieved the emulsification of anionic SBS modified asphalt, providing more valuable products for the waterproofing industry; Asphalt anti sticking isolation agent solves the environmental problems of asphalt anti sticking materials, while saving 60% of usage costs. It has been recommended for high-quality patents in activities organized by the China Highway Society; In addition, Longteng Road has optimized and upgraded traditional construction techniques, launching CUTO technology and FST upgraded versions of micro surfacing and synchronous crushed stone precision surfacing asphalt pavement maintenance processes, effectively solving the problems of high noise and fast friction coefficient attenuation in traditional micro surfacing, and reducing energy consumption and carbon emissions. These two processes have been applied and promoted in projects such as Hubei Expressway, Dongguan Municipal Road, and Zhuhai Municipal Road.

 

Industry Exchange: Open Cooperation, Shared Wisdom In 2024, the Longteng Road management team traveled to various parts of the country including Hangzhou, Chengdu, Wuhan, Beijing, Kunming, Guangzhou, Foshan, and Shenzhen, participating in 13 industry conferences and exchanges. They learned about national policies through local governments, learned cutting-edge industry knowledge from university scholars and research institution experts, and exchanged application experiences with industry colleagues. Longteng Road was invited to conduct in-depth discussions and mutual learning on highway maintenance materials and construction techniques at universities such as East China University of Science and Technology and Zhejiang Normal University; At the Longteng Road production base, we received visits and exchanges from leaders and experts of highway materials related departments, scholars from universities, and fellow entrepreneurs from all over the country. Regardless of the form of the task or the communication channel, Longteng Road always adopts an open attitude, embraces cooperation, adheres to the concept of technology sharing, resource sharing, and collaborative development, and explores various cooperation methods such as school enterprise cooperation and national development with practical actions.

 

  Engineering Construction: Striving for Excellence, Quality First. In terms of engineering construction, Longteng Road adopts an attitude of striving for excellence to ensure that every project can meet the highest quality standards. Whether it's the rubber asphalt synchronous crushed stone sealing project in Puyang, Henan in spring, the fiber micro surface coating in Xi'an, Shaanxi in late summer, the G108 Cape sealing coating, or the cold mix and cold laying ultra-thin overlay project in Dongguan, Guangdong in late autumn, or the precision surface coating project in Zhuhai, Guangdong in early winter, the team of Longteng Road has been working diligently for the highway maintenance industry all year round, and has also demonstrated the spirit of craftsmanship in projects across the country. Every project completion is a comprehensive test of professional skills and project management abilities, and they must deliver high scores for the smooth progress of the project and customer satisfaction.

 

Business situation: With years of investment and accumulation in the field of highway maintenance, Longteng Road has been recommended by the Science and Technology Bureau and Industrial Information Bureau of Huojia County in Xinxiang City. After evaluation and verification by national and provincial departments such as science and technology, finance, taxation, and relevant experts, it has been recognized as the Xinxiang City Highway Maintenance New Material Engineering Technology Research Center and a national high-tech enterprise; Through in-depth investigations and exchanges in regions such as South China, East China, and Southwest China, regional cooperation teams and institutions have been established to expand Longteng Road's advantageous business in the field of highway maintenance to new areas, serving more customers. For example, it has conducted its first cooperation with Jiangxi Communications Investment Haitong Company, China Communications Construction Group, Guangzhou Municipal Group, etc., and has also had in-depth communication with traffic management departments in multiple places to reach cooperation intentions; In March 2024, it was awarded the title of Vice President Unit of Henan Branch by Guangdong Asphalt Concrete Supply Chain Association and established close relationships with several highway maintenance related industry enterprises in Guangdong Province; In terms of business data, the total amount of engineering projects increased by 30% compared to last year, and the total sales of materials increased by 1.5 times year-on-year. The annual business situation showed a steady growth trend, and cost and risk control were optimized. The good business situation provides a solid foundation for the future development of Longteng Road and creates favorable conditions for the company to further expand its market and enhance competitiveness.

 

Human resources: Optimizing salaries and reserving elites. Currently, the job market is facing severe challenges, with layoffs and bankruptcies occurring from time to time in some traditional industries and state-owned enterprises. The pressure on social employment has increased. In the current economic environment, Longteng has taken the opposite path. Firstly, it has increased employee salaries and benefits to maintain a clear competitiveness in the industry. Secondly, it has increased investment in employee benefits, including medical insurance, paid leave, employee training and other welfare measures. In addition, through professional skill enhancement and leadership development, more career development opportunities are provided for employees to help them achieve their career goals. In the future, Longteng Road will continue to reserve elite soldiers and fierce generals to face future market challenges with stronger talent advantages.

Social Responsibility: Give Back to Society, Build the Future Together. In 2024, Longteng Road actively fulfills its social responsibility and is honored to serve as the Vice President of Xinxiang Charity Federation, demonstrating its social responsibility as a rising enterprise in the highway maintenance industry. Longteng Road has repeatedly participated in the 99 Public Welfare Day, donating sports and educational supplies to Huojia Guandong Primary School through the "Protecting Seedlings Action", and deepening interaction between the school and students, paying attention to the growth and development of the next generation. Participated in the rural revitalization donation activity of Zhaojing Town Government through the "Boundless Love Charity Xinxiang" campaign, contributing to the construction of a happy home in Xinxiang; Purchase anti drug books through the "Escort Youth" campaign and send them to schools at all levels in the county, working together with all sectors of society to create a "drug free society" for young people and allowing them to grow up healthy in the sunshine. These measures are also a manifestation of Longteng Road's commitment to the corporate purpose of "eternal faith and the path to success". In the future, with the development and growth of Longteng Road, more energy will be invested in assuming social responsibility.

 

       Looking back at 2024, the road of Longteng has been forging ahead amidst obstacles, achieving self transcendence once again through technological breakthroughs. Looking ahead to the future, Longteng Road will continue to uphold the concept of "adhering to the spirit of craftsmanship and pursuing excellence", and make unremitting efforts to achieve greener, smarter, and more efficient road construction.